DASH Finds Inclusion For P2P Trading On Europe’s Largest Crypto Exchange, Bitcoin.de
DASH Is Listed For P2P Trading On Europe’s Largest Crypto Exchange
Bitcoin.de, the largest European marketplace for crypto, has recently added DASH for its P2P trading list. The market, which has over 770,000 clients from the continent, lets the users transact directly using their private wallets without any kind of centralized activity.
The only asset that is actually managed by the company is Bitcoin, which is used to buy other digital assets at the exchange. Apart from that, users hold all the money. Another option is to use Euro for trades between fiat and crypto. Dash, which has been just added, will be used in the same way now.
By using cryptos, the customers are able to make their trades much faster because it does not take as much time as fiat to be complete. Bitcoin.de only takes around 0.5% percent from each trade, a considerably low fee for the transaction.
DASH And P2P Exchanges Use Grows In Europe
Part of the reason why the exchange has decided to use DASH now is that the asset is currently growing in usage in the continent. Some other platforms are already accepting DASH instead of BTC or fiat to make purchases, so a large user base of the token is starting to grow in Europe.
Another trend that seems to be getting stronger in the continent is P2P exchanges, also known as decentralized exchanges (DEX). The main difference from centralized platforms is that these ones let the users control their own private keys in order to fund their wallets.
Platforms like Coinbase and Binance hold your money for you and are centralized. Therefore, if they are hacked or something similar, you may end up losing your funds. However, by taking care of your funds, the responsibility is only yours if you end up losing them.
Part of the rise in the trend of P2P exchanges is that we are seeing many cases of exchanges being hacked, which leaves people insecure about how safe their assets are. Coinbase and Binance, for instance, are known to be two safe options (mostly) but most of the other exchanges are not so well protected.
Another high-profile case was the one from QuadrigaCX, a Canadian exchange that had problems after its CEO died and took the private keys (with the money from all the investors) to the grave.
This trend is making even companies like Binance decide to bet on the decentralized market. Binance DEX will be launched soon and will work in a more decentralized way than the main product of the company. KuCoin is also reported to be planning the launch of its own DEX platform.