The path from fiat to Bitcoin is becoming increasingly surveilled and regulated

The way people acquire Bitcoin is at a crossroads. As regulatory frameworks tighten around centralized exchanges and privacy concerns mount, many users are reevaluating how they convert their fiat currency into cryptocurrency. Understanding the trade-offs between centralized exchanges (CEXs) and peer-to-peer (P2P) platforms has never been more critical.

The Centralized Exchange Model

Centralized exchanges like Coinbase, Kraken, and Binance have dominated the Bitcoin onboarding experience for years. They offer a familiar, user-friendly gateway that mirrors traditional financial services. You create an account, verify your identity, deposit fiat currency, and purchase Bitcoin with a few clicks and very low fees but you have a great penetration in your private sphere.

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