In this exchange, asset prices are not regulated by the exchange manager, but directly by the users. In principle, a peer-to-peer (P2P) exchange is a crypto asset exchange that is similar to an online shop, aka a marketplace.
Bullshit.
There is no such thing as a manager regulating prices in exchanges.
So you think you will buy bitcoin cheaper from someone else? And who is the idiot that will sell you bitcoin below the price? If you find someone who wants to sell bitcoin for 6k , you can be 100% sure you are going to get scammed.
Nobody will sell bitcoin for a price lower than the exchange price. This is because he can just sell at an exchange.
Yeah, I also felt like it wasn't the case with international exchanges that the prices were fixed... I mean, that's what makes Bitcoin different, isn't it? I'm pretty sure that BTC price on reputable exchanges is set exactly by buy and sell orders. You're mentioning a possibility of being scammed, and I agree it's very real. But I do think there are notable exceptions to buying Bitcoin at the market price. Namely, there've been reports from countries with very high level of governmental control where Bitcoin could only be bought or sold on a government-controlled exchange at set prices which differed 10-20% from the international market prices (still not that much and probably inaccessible to people who are not from that country). Unfortunately, I'm having troubles finding those reports, so maybe even that wasn't the case. However, I remembered now that I've spotted something like this once on my local exchanges when the price of Bitcoin went down rapidly in March, and they have not adjusted their prices:
As for local exchanges (centralized ones where the prices seem to be set rather than determined by the market) that allow selling Bitcoin for UAH (local Ukrainian fiat), the situation is quite attractive but I won't do it anyway. Namely, while the price of BTC on preev.com is 133 500 UAH, local exchanges still offer around 148 700 UAH (which is around $5700) per Bitcoin! Buying Bitcoin is possible but hugely unprofitable as the price is around 160 000 UAH per BTC or around $6150!