How do P2P exchanges differ from decentralized (DEX) exchanges?
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While both provide peer-to-peer trading, P2P exchanges allow direct user-to-user interactions, often involving fiat payment methods and escrow. Decentralized exchanges (DEXs) operate on-chain with smart contracts and automated order matching, typically for crypto-to-crypto trades. P2P is more flexible for fiat conversions and local payment preferences, whereas DEX prioritizes on-chain liquidity and decentralization.
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