Connect with us

Cryptocurrency

5 Most reliable P2P Crypto Exchange you need to know in 2022 

Published

on

Cryptocurrency industry has grown so rapidly that billions of people has been enriched through several means of trading and exchange. according to research, we have listed the best and most trustworthy p2p exchange companies you need to know if you’re new or looking for a way to sell your crypto very fast and easy without much verifications.

What is Peer to Peer (P2P) exchange?

P2P or Peer-to-Peer exchange is a decentralized exchange platform for individuals or groups. P2P allows the direct transfer of digital currencies into individual accounts with the simple help of internet connectivity through mobiles, tablets, or web browsers without the intervention of any financial institution or government authority.

P2P was first introduced by Napster in 1999, which was developed as a file-sharing application through central servers among individuals. The same concept is now used in Bitcoin exchanges where Bitcoin or BTC owners share digital assets, currencies, and content.

How does P2P work?

In a Bitcoin exchange, BTC owners exchange their fiat currencies for cryptocurrencies at the current rate. In a P2P exchange, sellers usually set their price and mode of payment like PayPal, bank transfer, credit cards and other means of payment. Buyers and sellers decide who they want to trade within the exchange. Participants have to pay a small fee for taking part in the exchange.

Advertisement

Below has the best P2P exchange companies that operates almost around the world: 

1. Binance P2P

Binance is the largest crypto exchange in the world. Initially, it was started in China and then moved to Malta, EU. Binance was launched in 2017 following the initial coin offering of the BNB (Native cryptocurrency of the Binance Ecosystem) and leading the market since that time. Binance is not just an exchange it offers multiple services including cryptocurrency spot exchange, decentralized exchange, future exchange, P2P exchange, Staking platform, Launchpad for projects Saving, Debit cards, and many more.

Binance P2P is a global Peer to peer cryptocurrency exchange that allows users to register and make a successful deals securely. Like a P2P model, there are many sellers are listed to sell their crypto and you can buy from them directly. In case users want to sell their coins, list your ad, and Binance will help you to sell your crypto. It also allows users to buy cryptocurrencies with the help of debit/credit cards, p2p transfer, and with the help of fiat currency transfer as well.

2. LocalCoinSwap

LocalCoinSwap ICO was announced for the collection of funds for building the world’s most inclusive peer-to-peer crypto marketplace. As reported by ICObench, the ICO successfully raised approx 12,150,000 in USD. LocalCoinSwap decentralized the revenue of the exchange through crypto shareholders and offered 100% distribution of the profits from exchange trades to holders of its native cryptocurrency called LCS.

LocalCoinSwap is a global, non-custodial p2p crypto exchange supporting 250+ payment methods across the world. It is also the world’s first multi-blockchain p2p exchange where all trades are secured by 100% open-source smart contracts. It supports the exchange of Bitcoin, Ethereum, and other Altcoins as well with a minimal fee structure.

Advertisement

3. Paxful

Paxful was founded in 2015 and has been growing ever since. The company vows to remain loyal to the peer-to-peer spirit of Bitcoin and it has delivered on its promises. It offers users to buy and sell bitcoin with more than 300 different payment methods including Western Union, debit or credit cards, Paypal, Different gift cards (Amazon, iTunes, Google Play, etc. ) and more. 

Paxful’s user interface was the slickest and most intuitive among all the other P2P platforms and their rates are also among the lowest. Paxful also offers a unique affiliate program where you can make 50% of all trades made by your direct affiliates and 10% more from the affiliates made by your affiliates.

4. Remitano

Remitano is a P2P cryptocurrency marketplace where users can easily buy or sell major cryptos directly with alternative payment methods including bank transfer, cash deposit, or mobile money. It offers simple UI, 24×7 customer care, and lowest fee compared to another market. Remitano exchange application is also available for Android and iOS devices. Remitano also introduced another alternative ways for users to mine and earn free coins through RENEC

5. LocalBitcoins

LocalBitcoins is a P2P trading company for traders looking to change their local currencies to bitcoin. People trade directly with one another and make exchanges that make the process fast and easy without any intervention of any central authority. It supports all payment methods and has escrow accounts for smooth transactions. You can even make exchanges in localities where there are no conventional banking facilities. LocalBitcoins supports 16430 cities and 248 countries. LocalBitcoin supports only bitcoin exchange.

Advertisement

albania

Albania To Start Taxing Crypto-Related Income From 2023

Published

on

Albania To Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations.

Albania Set to Impose Crypto Tax as Early as Next Year

The Albanian state should begin collecting taxes on income from crypto assets as of 2023 in accordance with a new income tax bill, the local English-language portal Exit News reported on Friday. The government also hopes to pass a number of other laws and bylaws this year in order to comprehensively regulate the matter.

The special tax legislation is currently open for public consultations. It introduces the concept of taxing crypto holdings and income derived from virtual assets. The latter have been defined as “a digital representation of a value that can be deposited, traded or transferred in digital form, and that can be used for payment or investment purposes or as a medium of exchange, including but not limited to cryptocurrencies.”

Advertisement




However, the definition does not cover central bank digital currencies (CBDCs), the report notes. That’s despite a growing number of monetary authorities around the world developing a digital version of their national fiats. The list includes major powers such as the United States, the European Union, China, and the Russian Federation.

The Albanian law also defines cryptocurrency mining as an activity using computing power to confirm transactions and gain virtual assets in exchange. The extraction of cryptocurrencies has been a grey area although law enforcement has been going after illegal mining facilities in the country and pressed charges against some of their operators.

Under the new legislation, any income from crypto transactions or mining will be classified as corporate income when it’s received as a result of business activity. And when the beneficiaries are private individuals, they will have to pay capital gains tax of 15%.

Financial Watchdog Tasked to Expand Crypto Regulatory Framework

Earlier this month, the Albanian parliament ordered the Financial Supervisory Authority (AFSA) to prepare and adopt new regulations regarding cryptocurrencies by the end of 2022. Albanian law allows crypto trading platforms to legally work in the country but no licensed entities are currently operating in Albania, Exit News remarked.

Two years ago, Albania also adopted a law titled “Financial markets based on distributed ledger technology.” While many have welcomed the legislation, critics have questioned whether the small nation in South East Europe, still an EU hopeful, is capable of properly regulating its crypto sector to prevent it from being used for money laundering, something it’s struggling to achieve in the fiat space.

Advertisement




The legislature referenced a recent report by the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), which recommended additional steps regarding the risks associated with cryptocurrency. In November 2021, the AFSA approved its first two regulations implementing the crypto markets law, which introduced capital and licensing requirements for entities working with digital assets.

Do you expect Albania to adopt comprehensive regulations for its crypto space by the end of the year? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Advertisement




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Advertisement




Continue Reading

Argentina

Singapore Based Crypto Exchange Bybit Expands To Argentina

Published

on

Singapore Based Crypto Exchange Bybit Expands To Argentina

Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinian operations.

Bybit Lands in Argentina

The growth of the cryptocurrency industry in Argentina has not gone unnoticed by international companies. Bybit, a Singapore-based, top-ten crypto exchange by volume traded, has announced that it will expand its trading operations to support Argentinian customers directly.

To better achieve this goal, the company will dedicate a team to attend to applicable requirements and support its upcoming Argentinian customers, allowing them to transact, purchase, and sell cryptocurrencies on Bybit’s platform. Also, the platform will be available in Spanish, the native language of the country.

Advertisement




Regarding this development, the exchange declared:

Taking into account the level of penetration and the rapid growth in the adoption of cryptocurrencies in Argentina, Bybit has made this decision, which is due to the importance of the Argentinian market in the Latin American region.

Due to all of this, Bybit considers it is the right time to expand its operations to the country, given that there is an opportunity for onboarding users still new to the cryptocurrency movement.

Argentinian Crypto Appeal

In recent years, Argentinians have been getting closer and closer to crypto, with this phenomenon starting after the government established limits to the number of dollars citizens could exchange, establishing a foreign currency exchange control, similar to the one established by the Venezuelan government before that. Inflation numbers have also influenced the interest in this new, alternative financial system.

The exchange is betting that this newfound interest in crypto, due to national and international market conditions, will power the demand of Argentinian users in the near future for new applications. About this, Gonzalo Lema, director of Bybit operations for Argentina, stated:

Although macroeconomic conditions have become a factor in increasing the adoption of cryptocurrencies in Argentina, as the customer base grows, interest in other potential uses of these assets will increase, such as the possibility of receiving remittances or even paying for goods and services with them.

The company will offer all of its available services and investment instruments in Argentina, and an APY of 22% on Dai deposits, to Argentinians registering before July 11.

Advertisement




What do you think about the new expansion plans that Bybit has for Argentinian markets? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Advertisement




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Continue Reading

‘Suicide’ note

John McAfee’s Body Is Still In A Spanish Morgue A Year After He Passed, His Widow Wants Answers

Published

on

John McAfee’s Body Is Still In A Spanish Morgue A Year After He Passed, His Widow Wants Answers

A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsy is yet unresolved.

John McAfee’s Controversial Death Investigation Is Still in Limbo

The now-deceased cryptocurrency proponent and anti-virus software tycoon John McAfee’s corpse is still in the morgue after an entire year has passed since his alleged suicide. McAfee reportedly took his own life on June 23, 2021, after he was wanted for tax evasion by U.S. law enforcement officials. At the time, a Spanish high court authorized McAfee’s extradition to America to face the tax-related criminal charges.

Before Spain’s high court approved the preliminary extradition ruling, McAfee was arrested in October 2020 at Barcelona–El Prat Airport. McAfee was charged by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). He was charged by SEC for his involvement in promoting initial coin offerings (ICOs) and the DOJ charged him with “tax evasion and willful failure to file tax returns.”

Advertisement




After his death a number of conspiracy theories started showing up on social media and forums that said he allegedly activated a dead man’s switch. McAfee told people on many occasions that he would never take his own life and that if he was found dead by suicide it really meant he was “whacked.” McAfee had the word “whackd” tattooed to his body and he also released an ERC20-based token called “whackd (WHACKD).” The smart contract was called “Epstein,” and a number of theories stemming from several Q Anon members and 4chan posts attempted to connect the dots.

Tech Entrepreneur’s Widow Still Believes ‘John McAfee Did Not Kill Himself’

Janice McAfee, the anti-virus software tycoon’s widow, doesn’t believe her husband committed suicide, and the family’s attorney Javier Villalba told the press that Janice wanted an independent second autopsy after Spanish authorities completed the official autopsy. The second autopsy had not yet been granted and a local judge denied the request. While McAfee’s remains still rest in the Spanish morgue, the family has appealed the Spanish high court judge’s decision as Janice believes the official autopsy was incomplete.

“It’s difficult to put into words what life has been like this past year,” McAfee’s widow Janice explained on Thursday. On her Twitter page, Janice said: “One year ago today John McAfee was stolen from us. [He was] a champion of freedom [and] privacy, the world is a much darker place without him.” One of Janice’s hashtags in the tweet also said “#johnmcafeedidnotkillhimself.”

A judge in Spain further ruled that until the independent autopsy appeal is complete, McAfee’s corpse cannot be delivered to the family. Catalonia’s court officials did not respond to comments about the situation, but a Spanish justice department official said that it was unusual for bodies to be kept in a morgue for so long.

What do you think about the fact that John McAfee’s body still remains in the Spanish morgue? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Advertisement




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Continue Reading

Trending

Get our daily News updatesSignup to get instant updates straight to your email