P2P (peer-to-peer) crypto exchanges differ from traditional cryptocurrency exchanges in several ways. Firstly, P2P exchanges do not hold custody of the assets being traded, meaning that transactions are conducted directly between buyers and sellers without the need for a middleman. This allows for greater control and privacy over the transaction process.

Secondly, P2P exchanges typically offer a wider range of payment options, including cash deposits, bank transfers, and even in-person transactions. This makes it easier for traders to access the market and complete transactions in a way that suits their needs.

Finally, P2P exchanges are often more decentralized, meaning that they operate independently of centralized institutions like banks or governments. This can be beneficial for traders who value independence and privacy in their financial transactions.

Overall, P2P crypto exchanges offer a unique and flexible alternative to traditional exchanges, providing traders with greater control and flexibility over their transactions. However, they also carry certain risks, and it is important for traders to exercise caution and conduct thorough research before engaging in P2P trading.