The Riverex DEX platform allows users to execute cryptocurrency trades in a completely peer-to-peer manner without the involvement of any intermediary in a single transaction.
These transactions are facilitated by a smart contract that ensures the trade is free of counterparty risk between parties.
While doing a P2P transaction, users are not required to open an account.
Instead, both users connect their digital wallets, as their wallet address is required to trade through the smart contract.
Users can set their own favorable token rates and quickly swap seamlessly with other traders.
The P2P mechanism uses online wallet transactions and doesn’t require the intervention of a middleman.
Users have complete control over their data as it is decentralized; users can monitor each activity.
The Riverex supports more than 1,100 tokens and coins, including fan and game tokens. More currencies will be available as the platform develops.
Here, we have curated a step-by-step guide on executing P2P trading on Riverex.