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P2P Marketplace Versus Centralized Exchanges – What Is The Best In 2020?

Have you ever spent some time thinking of whether to trade bitcoin on a P2P platform or a centralized exchange? We ask ourselves that question often too. In this article, we discuss P2P marketplaces versus centralized exchanges. Before we dive in, we will need to get some definitions out of the way. Usually, most people […]

The post P2P Marketplace Versus Centralized Exchanges – What Is The Best In 2020? appeared first on BlockNewsAfrica.

Republished by Plato



Have you ever spent some time thinking of whether to trade bitcoin on a P2P platform or a centralized exchange?

We ask ourselves that question often too. In this article, we discuss P2P marketplaces versus centralized exchanges.

Before we dive in, we will need to get some definitions out of the way. Usually, most people refer to all places that allow you to trade cryptocurrencies as exchanges. Further, more people refer to centralized exchanges as exchanges and peer-to-peer platforms as P2P marketplaces. Here is what both of them mean:

What is a peer-to-peer (P2P) marketplace?

A peer-to-peer exchange gives absolute control to traders. A P2P marketplace is a decentralized platform that directly connects buyers and sellers without intermediary or third parties. P2P marketplaces are very popular in regions with uncertain regulations on cryptocurrency use, like Nigeria, Ghana, Kenya, and India.

An example of a P2P platform is Paxful, the largest P2P marketplace by volume at the time of writing this article.

What is a centralized exchange?

Centralized exchanges (a regular exchange) use an order book to connect orders between people. However, neither the seller nor the buyer knows who the other person is.

There are several centralized exchanges that let you trade only crypto-crypto pairs and others that give you access to fiat-crypto trading pairs.

What should you use?

The answer to this question is not straightforward. Each user has different needs and reasons for trading cryptocurrencies. However, there are general things (like payment methods, availability in your country, and fees) that you need to consider,

Also, the trading experience is different between the two different types of exchanges, which may also influence your decision.

Buying bitcoin on regular exchanges

Centralized exchanges use an order book to connect orders between a buyer and a seller. When using a regular exchange to purchase bitcoin, you are required to make a deposit of your local currency, usually via bank transfer or credit/debit card. 

There is usually a limit to the amount of money you can deposit on a regular exchange and several verification requirements.

These deposits come at a fee. For instance, an exchange that takes a 1% deposit fee, will take $10 from every $1000 deposit you make.

After, you can make your purchase via the exchange interface where you place a buy order at a particular price and wait for the order to fill. In some cases, you pay another fee while buying bitcoin on an exchange, called trading fee.

Your purchased bitcoin then gets sent to your exchange wallet. 

Buying bitcoin on a P2P marketplace

On the other hand, the trading experience on P2P marketplaces like Paxful is different. First, you will have to select a currency, payment option, and enter the amount of bitcoin you want to purchase.

A list of sellers will load with information on the successful trades they have completed, their price for a bitcoin, and stock available for sale.

You can select any seller of your choice, proceed to a chat interface where the seller provides their payment details. You make the payment, indicate that you have paid, and wait for the seller to confirm. There are no deposit fees when using P2P platforms.

After the seller confirms, your coins will then be sent to your wallet. 

Where do P2P marketplaces beat centralized exchanges?

Between P2P marketplaces and centralized exchanges, the process is more affordable when using a P2P platform. Aside from lower fees, P2P marketplaces beat centralized exchanges in other areas traders consider.

Payment Methods

Unlike centralized exchanges that usually have few payment options, P2P marketplaces have several options for you to choose from.

For instance, Paxful allows you to buy and sell bitcoin with over 300+ payment options, including bank transfer, PayPal, mobile money, Bonga Points, and Western Union.

The availability of several payment options gives you the flexibility to trade with other people from other countries. Further, you do not have to move funds from one payment platform to the other just to buy bitcoin.

No Trade Limits 

Centralized exchanges need to integrate directly with payment methods that differ depending on the region. Due to the finance industry’s delicate nature, some areas still have negative regulatory sentiments towards cryptocurrencies, which makes it impossible for centralized exchanges to operate there.

Nevertheless, the decentralized nature of P2P marketplaces makes it available in most parts of the world, including areas without clear cut cryptocurrency regulations. P2P marketplaces are censorship resistance.

Also, in situations where centralized exchanges are allowed to operate, limitations are placed on how much people can trade, deposit, and withdraw.

P2P marketplaces do not have deposit and withdrawal limits since the individuals manage the buying and selling directly. For example, deposits are instantly made to the seller’s account by the buyer.

In Africa, P2P marketplaces provide a better option for traders, as shown by this article’s comparison. If you are looking to use a P2P platform to buy bitcoin, check our article on how to buy your first bitcoin. If you are looking to get started with trading bitcoin (BTC) via a P2P platform, check out Paxful.



SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project

Republished by Plato




Bitcoin Press ReleaseBlockchain eco project SafeEarth has donated over $100,000 to TheOceanCleanUp charity with more donations planned for other global charities. 


16th April, 2021, London, UK SafeEarth, a blockchain eco project, has donated over $100,000 to community selected charity TheOceanCleanUp. The donated funds will help towards the removal of plastic waste from the planet. This generous donation represents the first act of SafeEarth’s continuing initiative to help charities across the globe. 


The money was raised from SAFEEARTH token transaction fees. From each token transaction a portion of the fees will continue to be used for further donations to charities that focus on green initiatives as SafeEarth looks to effect a lasting and positive change on the planet.


The Ocean Cleanup Head of IT Steven Bink offered his thanks to Safe Earth on Twitter, stating: 


Dear SafeEarth community. On behalf of the entire crew at The Ocean Cleanup, I would like to thank you for this very generous donation. We are also honored that you chose The Ocean Cleanup to be the first charity to receive this gift from @SafeEarthETH”


Safe Earth & Earth Fund

Deforestation, pollution, global warming and many other factors have had an adverse effect on the environment for decades. As the world shifts more towards renewables and eco-friendly alternatives, initiatives like that of  Safe Earth represent a changing mentality in industry 


SafeEarth’s sole focus is to generate capital and build a community which is able to repair the ecological damage done to the planet. Safe Earth also collaborates with another green charity called The Earth Fund, which has raised around 50 ETH ($125,000 at the time of writing) to be used for similar causes. 



As a part of their plan to raise awareness for ecological causes SafeEarth have also started a #PlasticChallenge on twitter, which urges people to get rid of plastic waste. The challenge (which launched on 27th of March) rewards users from a prize pool of $3,600 in SAFEEARTH tokens. 


In the short time since the challenge began the SAFEEARTH token has been listed on the number one DEX Uniswap, recorded $3 million in trading volume and locked away more than $1.5 million in liquidity. 


SAFEEARTH Token Burn & Benefits

The SAFEEARTH token is a deflationary asset that uses an autonomous yield and liquidity generation protocol. Each transaction charges a total of 4% in fees, which is then broken up evenly with 1% going to charities, 1% refunded to holders, 1% for advertising and 1% token lock-ups to increase liquidity. By burning at least 50% of the total supply after launch, (which will go to a black hole address) SafeEarth ensures increased token scarcity and liquidity. 



$SAFEMARS is the sister token to SafeEarth and available on PancakeSwap exchange. The token uses very similar tokenomics to SAFEEARTH and over 50% of the tokens have already been burned. As none of the transaction fees from SafeMars go towards charity the company has chosen to give more back to users, with a total of 2% going instantly back to the holders wallets and the other 2% is auto-locked to increase scarcity and liquidity. Right now the number of $SAFEMARS holders is growing steadily with 93,699 holders at the time of writing. 


Save Earth Through Safe Earth

Harnessing blockchain technology through it’s unique protocol in the interest of both charitable giving and community incentives is helping SafeEarth to stand out from its competition. This $100,000 donation is just the beginning of the company’s mission to effect a lasting and positive change to the planet. 


SafeEarth blockchain eco project is already gearing up for another large donation with another 35 ETH (roughly $87,600) reserved for 5 charities that focus on humanitarian causes, such as access to clean water and wildlife preservation. The charities will be chosen by the SafeEarth community and will be announced on Earth Day, April 22nd, 2021. 


Media Contact Details 

Contact Name: Bitcoin PR Buzz Press Team

Contact Email:  


Learn more about SafeEarth 

Buy SafeEarth Coin on Uniswap

Take off with SafeMars


About Bitcoin PR Buzz 

Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 9 years. Get your Bitcoin Press Release Distribution today.


SafeEarth is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.



The post SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project appeared first on Bitcoin PR Buzz.

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Coinsmart. Beste Bitcoin-Börse in Europa

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Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze?

Republished by Plato



Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more.

The CEO and “Technoking” of Tesla was accused of pouring “jet fuel” on the GameStop short-squeeze at a critical moment by hedge fund manager David Einhorn, founder of Greenlight Capital, in a letter to investors published Thursday.

Einhorn said Elon Musk and venture capitalist Chamath Palihapitiya were the real instigators behind the short-squeeze, claiming both had supplied “the real jet fuel” for the pump with their tweets and TV appearances.

“We note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation,” wrote Einhorn, according to Markets Insider.

Amid the orchestrated short-squeeze on GameStop by redditors on r/WallStreetBets, Elon Musk tweeted what some interpreted as his support for the endeavor. On Jan. 26, shortly after GME stock was pumped 91% in a single day, Musk tweeted the phrase “Gamestonk!!” accompanied by a link to the WallStreetBets sub-reddit.

Over the course of the next 24 hours, GME stock soared 134%, climbing from a unit price of $147 to $347. The following 24 hours brought even more fireworks, and by Jan. 28, the value of GameStop shares had hit an all time high of $483 — an 18,693% increase on the stock’s value just nine months earlier.

Chamath Palihapitiya appeared to voice his support for the short-squeeze on Jan. 27, when he told interviewers on CNBC that the GameStop saga was an example of the man on the street pushing back against the man on Wall Street.

Einhorn said that “quasi-anarchy” now reigns, based on what he sees as toothless regulation of the stock market. Einhorn compared the situation, where “the laws don’t apply to [Elon Musk]” to the defunding of the police force.

“Many who would never support defunding the police have supported — and for all intents and purposes have succeeded — in almost completely defanging, if not defunding, the regulators,” said Einhorn.

Previously Elon Musk was suggested to have unduly influenced the cryptocurrency market with his vocal support of Bitcoin (BTC) and Dogecoin (DOGE) via Twitter. Legal professionals suggested in February that Musk’s tweets may have acted as a catalyst for the coins’ gains at the time, and warned that such tweets could attract SEC attention.

Musk laughed off the suggestion at the time, claiming that he would welcome any SEC investigation into his tweets, and that he simply liked “dogs and memes.”

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Turkey to ban cryptocurrency payments

Republished by Plato



A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges.

According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal.

The bank stated, “any direct or indirect usage of crypto assets in payment services and electronic money issuance” will be forbidden.

While banks are excluded from the regulation, which means users can still deposit Turkish lira on crypto exchanges using wire transfers from their bank accounts, payment providers will be unable to provide deposit or withdrawal services for crypto exchanges.

Payment providers and digital wallets are widely used in Turkey to transfer fiat funds to crypto exchanges and vice versa. Major global exchange Binance partnered with local payment provider Papara when they first entered the Turkish market to provide a lira onramp for several different cryptocurrencies. 

This new regulation means that users have two weeks to clear their balances if they exclusively use payment providers as fiat-to-crypto gateways. 

Historically, the Turkish government has always had a tight grip on the payment ecosystem. In 2016, Turkey banned major global payment provider PayPal in the country.

Crypto regulation is a hot topic for Turkey in recent months. Last month, the Turkish Ministry of Treasury and Finance announced that they are monitoring the crypto ecosystem and working with the Central Bank, Banking Regulation and Supervision Agency, and Capital Markets Board to regulate crypto.

Additional reporting by Cointelegraph Turkey’s Emre Günen.

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