With foreign trips, overseas education, and work gaining popularity these days, many people need an inexpensive way to exchange their native currency for their preferred foreign currency. Most people shy away from banks or foreign exchange agents because they tend to charge higher exchange rates and even processing fees. Peer-to-peer (P2P) currency exchange is another option; here, a P2P exchange platform will connect the buyers and sellers together. They then are free to trade directly amongst themselves with mutually agreed-upon rates minus all the big fees.