5.2 k views

The Ins and Outs of SIBEX Crypto P2P Marketplace

Cryptocurrency trading is quickly becoming famous for people to cash in on digital coins. Today, more than just the regular whales take part in trading.

One of the most significant elements of crypto trading is having a reliable exchange. Although successful trading requires more than just an excellent exchange, having one is a step in the right direction.

Several exchanges exist today to cater to different needs. If you have no idea where to start, the numerous options available may give you a rough time. It helps to have some minor information on the exchanges you are considering.

SIBEX is one such platform that makes crypto trading more comfortable. This review will analyze the platform, its features, and its benefits. Hopefully, by the time you finish reading, you can decide on the platform more comfortably. That said, let’s get into it.

What is SIBEX?

SIBEX is a Swiss peer-to-peer decentralized marketplace and the world’s first global OTC (Over the Counter) marketplace. The platform allows its users to trade their digital assets without the intervention of any third party.

SIBEX is the only fully decentralized swap platform allowing transactions between Bitcoin and Ethereum networks. With SIBEX, users can quickly and easily create, deploy, and validate complex transactions to enforce blockchain-based smart contracts.

One of the most significant selling points for SIBEX is that the platform is non-custodial. This means you are in complete control of your assets and trading data at any given time and the pricing and order book displayed are real quotes from real traders. In addition, the platform helps its users propose and enter into business agreements with peers on the net without third parties.

How Does SIBEX Work?

Because the exchange does not need a central authority, the simplicity allows for an efficient market where traders of all sizes can comfortably participate.

Traders enter their orders on the SIBEX platform, which is then added to the decentralized network. The seller then chooses a SWAP and posts a time-lock with the underlying digital assets. The exchange then determines all participating orders, depending on the triggered events.

The buyer and the seller are mutually settled through the SIBEX smart contract.

SIBEX allows for decentralized P2P exchange of assets, and the prices on the platform represent actual trades. This means that the prices will vary from those on other exchanges, giving rise to arbitrage opportunities for SIBEX users.

Key Features of SIBEX

Control over your private keys

One thing that SIBEX is passionate about is giving its users complete control over their digital assets. The platform offers its users private keys that are only available to them. Users will always have control over these private keys.

Lower transaction fees

By using SIBEX, users can get rid of additional costs from third parties. As such, SIBEX transactions will only attract miner fees, given that the transactions happen on-chain and in real time. However, using the SIBEX software will attract additional charges, usually estimated to be slightly higher than the Bitcoin dust threshold.

Dark offers

P2P trading systems often come with several unique features. SIBEX takes things to a different level and lets users control the data on the blockchain. With the SIBEX GUI, you can set conditional offers on the network. Say, for example, you are selling a considerable amount of ETC coins and don’t want to affect the crypto price. SIBEX lets you choose whether or not to report the trade price on the P2P network.

Personal Server

This is one of the bonus points for SIBEX. We’ve already mentioned that SIBEX aims to give its users complete control over their assets. One of the ways they achieve this is by creating personal servers for every user. This way, you have better control of your assets and don’t have to worry about the exchange trading against you or disappearing with your money overnight. You’ll also have complete control of your trading strategies and private keys and will never have redemption issues.

How to Start Trading on SIBEX

If the benefits of this P2P exchange have you convinced, it’s time to start trading. So, how do you go about it?

Like most crypto exchanges, SIBEX requires you to complete a KYC check before starting trading. You’ll find all the information and links here.

Once KYC is done, you will receive a unique license key from  SIBEX by email or directly on your portal.

SIBEX insists on issuing license keys to ensure that all users have a hassle-free trading experience. Before the exchange issues the license key, users undergo a thorough verification process to ensure they are not on sanctions.

Once you receive your license key, you can set up your server. Setting the server up should take about 3 minutes, and an additional 15 minutes for syncing. Again, you can find the information here.

You can start trading from your browser when your server is set up.

If you prefer, you may also choose to download SIBEX. However, to avoid malicious attempts, be careful to download SIBEX from the official repository. The exchange also cautions users against clicking on any links sent via email.

SIBEX Updates

The crypto world is continually changing, and there are bound to be some updates to the exchange.

Although the exchange will always email you valuable information, be careful not to open any links that you may receive in your inbox.

Wrapping Up!

Bitcoin live price
Btc
Bitcoin
$23.403
price
0.20942%
price change
TRADE NOW

Although SIBEX is a relatively new exchange, the platform offers an accurate, unique DeFi technology that creates excellent arbitrage opportunities for traders and transparent access to liquidity. In addition, the exchange recently announced a partnership with Paxos for its gold-backed coin. Given that the exchange offers several lucrative solutions, we can only wait to see how much impact it will have in crypto.

Stay up to date with our latest articles

More posts

KVX – A Platform that Takes Crypto Trading to the Next Level

KVX is a new trading platform that aims to make crypto investment accessible, intuitive, and secure for everyone. The project is rapidly progressing and already launching its crypto trading services in the European Union. Moreover, the team is preparing numerous standout features and tools to help users trade a wide range of assets as they please. This short KVX review looks closely at one of the latest trading hubs to enter the crypto market. Read on to discover more about…

Coinbitco – Enjoying Advanced Crypto Trading Technology

Coinbitco is a trading platform that uses the latest technology to provide users with advanced features and a user-friendly experience. The team's mission is to provide a safe, secure, and easy-to-use platform for traders of all experience levels.  The main features of Coinbitco include trading fiat and crypto in real time and depositing and withdrawing via bank transfer. The project aims to be user-friendly with a unique dashboard providing all the information a trader needs in one place. What Is…

ProBit Global – A Platform Allowing Traders to Exchange Bitcoin and Altcoins

Cryptocurrencies such as Bitcoin have been around for a few years now. However, a relatively new type of cryptocurrency is quickly gaining popularity: altcoins.  Altcoins are cryptocurrencies that differ from Bitcoin in various ways, including the mining process, distribution, and transaction fees. ProBit Global is a cryptocurrency exchange that offers users a safe and easy way to buy and sell altcoins. With ProBit Global, users can trade altcoins without having to worry about the complicated process of mining or transaction…

WazirX – A Crypto Exchange Investing in Security Developing in the Indian Market

The crypto industry is growing rapidly in India, with new companies like WazirX entering the market. WazirX is a P2P exchange that allows users to buy and sell cryptocurrencies without going through a third party.  This review will analyze how WazirX is currently leading the way in the Indian crypto market growth. What Is WazirX? WazirX is a crypto exchange allowing users to trade cryptocurrencies. It also allows users to store their cryptocurrencies in the WazirX wallet. WazirX’s concept came…

Changelly – A Crypto Exchange for Beginners and Experienced Traders

Cryptocurrency exchanges are the platforms where you can buy, sell or trade cryptocurrencies.  There are many different exchanges, but Changelly is one of the best options for beginners and experienced traders. Changelly offers a quick and easy way to exchange cryptocurrencies and has a wide selection of coins available.  Changelly also has a very user-friendly interface, making it an excellent option for those new to cryptocurrency trading. So if you're looking for a crypto exchange platform, check out our review…

OKCoin – An Exchange for Global Cryptocurrency Trading

Cryptocurrency exchanges are digital platforms where users can buy, sell, and trade cryptocurrencies. The first crypto exchanges appeared more than ten years ago, and OKCoin was among them.  Crypto exchanges let users enter the crypto market and provide a way for investors to get involved in the sector. OKCoin is a famous player in this market, and it offers a variety of features. These functionalities make it a well-known choice for both new and experienced investors. What is OKCoin, and…

Korbit – A Popular Crypto Exchange in the Large South Korean Market

In South Korea, the crypto market is growing rapidly, and one of the leading exchanges is Korbit. Korbit has been operating since 2013 and offers a wide range of coins to trade.  The company has its headquarters in Seoul and has millions of users. Today’s review will look more closely into this popular South Korean platform for all our readers. What Is Korbit? Korbit is a website where you can trade different types of cryptocurrency. You can buy and sell…

Discovering the 0x Protocol Exchange – A Guide for Beginners in Crypto

Through its worldwide DeFi system, blockchain technology provides many people with the possibility to achieve financial freedom. Many assets can have their tokenized versions online, thanks to DeFi protocols. For the 0x protocol, building a tokenized world and unlocking its value are top priorities. Our guide will illustrate how 0x works by looking into its key components. About 0x In order to facilitate decentralized token trading on the Ethereum Blockchain, 0x entered the market as an open-source protocol. Seamlessly and…

Beginner’s Guide to Trade Cryptocurrencies Derivatives on dYdX Crypto Exchange

With the rise of decentralized finance, the cryptocurrency market has seen an influx of interest from investors. Traders hope to profit from interest on their holdings or long- or short-term asset movements.  Traders only need to connect their wallets to dYdX to start using this platform. This mechanism wishes to reduce the overall complexity of the system.  Do you wish to learn more about dYdX? Our team reviewed this platform to provide you with a guide on this popular crypto…

Trading Crypto with the LBank Cryptocurrency Exchange

One of the most exciting aspects of the cryptocurrency sector is the number of exchanges that have sprung up.  Crypto enthusiasts from all over the world have taken notice of the interest in LBank Exchange (or simply "LBank"). This platform is one of the market's most famous cryptocurrency trading systems. Let us learn more about this platform in today’s guide, where we will look at LBank’s main features. About LBank Founded in 2015, LBank is a Hong Kong-based cryptocurrency exchange.…