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[Dagov]

Is it possible to trade bitcoin outside of an exchange?
Without using an exchange, a greater number of people want to trade bitcoin independently. It is done for reasons of security and trust. Numerous exchanges were compromised, and the Bitcoins on those exchanges mysteriously disappeared.

These days, banks must support exchanges with know your customer standards; if these conditions are not met, laundering money charges may be pursued against you.

 

[Kennysplash]

Yes it is very possible, merchants can accept btc as mode of payment so you don't need to convert your btc to fiat before you can use it, you can simply collect their address or scan then make payment in btc without stress.

If you make purchases where they accept cryptocurrency as a mode of payment then you can send to them without having to convert to Fiat currency first. So this usually happens outside of the wallet market place.

 

[Yugocean]

P2P trading do happens, there are many such sites where you pay in one crypto or fiat and give address of your another crypto to get it exchanged. But, blockchain fees will be included, so use it wisely.

 

[Wisdom01]

I Think that is exactly why it is adviced to always trade on platforms. You can trade with someone and they would refuse to keep their end of the bargain. It can be risky sometimes, that's the reason.

there are some people that would love to trade with you and you might not even know their motive , because their motive might be just to scam , after sending the money they would actually run away with the money

 

[Kennysplash]

there are some people that would love to trade with you and you might not even know their motive , because their motive might be just to scam , after sending the money they would actually run away with the money

But if the transaction happens officially via the wallet the person cannot do such. That is why buyers have to verify their accounts and do kyc before they are allowed to perform such activities.

 

[Mayorla]

There are the types of Exchange in the crypto world, The Centralized and Decentralised Exchange.
If you are referring to Centralized Exchange in this context, Then It is very much possible to trade without involving them.
You can use your Decentralised Exchange to make any trade you want to do.

 

[Kennysplash]

Many wallets have their own market place where you are able to sell off your cryptocurrencies and receive money in the same wallet. This is done so as to reduce the rate of scams but if you feel like you can trust another party then you can go ahead.

 

[Gen Evie]

Among the best ways to trade Bitcoin without a crypto exchange platform is using a payment processor such as PayPal. The platform offers two ways to purchase Bitcoin. One is connecting your account to a debit card or bank account

 

[Kennysplash]

Among the best ways to trade Bitcoin without a crypto exchange platform is using a payment processor such as PayPal. The platform offers two ways to purchase Bitcoin. One is connecting your account to a debit card or bank account

I heard of the new development by PayPal as well, but it is limited when it comes to people that can make use of it. PayPal is not available in some regions, so it will be impossible for people there to use it.

 

[BusyCat]

Buying , selling or trading Bitcoins through reputed exchanges is the the safest way in fact. There can exchanges which are offering P2P to buy or sell Bitcoins as well, which is better than directly buying Bitcoin from a stranger. It's important to make sure the exchange platform has legit business over the years, before starting to use the platform.

 

[fiery phoenix]

Yes it is possible.There are peer to peer services and e wallets that support exchanges.Im sure there are also brokerage firms who have platforms or on site services like this.But some peer to peer platforms have very expensive fees

 

[Usman ameen]

Although an online wallet is a convenient method for buying bitcoins there are several other options such as selecting a bitcoin trader. It is also important to choose the right one as there are traitors and one should be careful about them. Whereas there are numerous established exchanges that offer the wallet services to the users while looking for a bitcoin wallet system the individual should opt for the one that has a multi-signature facility. The users can also use the bitcoin exchange search in the respective computers or mobile phones and by putting some general information such as typing one's own country name the person can find out a wide range of available exchanges across the world as well as check out its current status. The users can also use the liquid money they have since there are various options available in the marketplace such as local bitcoin services that helps the users to exchange them with cash. Such areas allow the users to visit the nearest bank branch for depositing the cash amount and receive the bitcoins after sometime.

 

[Bigron]

You can trade bitcoin without using an exchange, thus the answer is yes. Trading between individuals or over-the-counter trading are common names for this. In OTC trading, parties transact directly with one another without the assistance of an exchange. This kind of trading typically occurs between people who are familiar with one another and have their trust. It can happen both online and offline.

 

[Sammydan]

I don't think it's possible, and if it's possible, it's not going to be easy to exchange bitcoin without exchanger. Ideally, exchanger ensure there's no issue in buying and selling Iot bitcoin.

 

[Margery]

That's right, the over-the-counter (OTC) market is one way to trade Bitcoin outside of an exchange, and it allows for a more direct interaction between buyer and seller.
The OTC market is an important part of the trading infrastructure for Bitcoin and other cryptocurrencies, especially for large investors and institutional players. However, as with any form of trading, there are risks and participants should be aware of them and take appropriate steps to manage the risks.

 

[Wisdom01]

I don't think it's possible, and if it's possible, it's not going to be easy to exchange bitcoin without exchanger. Ideally, exchanger ensure there's no issue in buying and selling Iot bitcoin.

Yeah I believe exchanger is actually needed to make more emphasis on exchanging Bitcoin , it's important to use exchanger most times because it's important so that the person would actually be able to execute trades well enough

 

[BaleegNajar]

Trading Bitcoin outside of traditional exchanges is indeed possible through peer-to-peer (P2P) platforms or direct transactions. Some prefer this approach for enhanced security and trust, especially given the history of compromised exchanges. However, it's crucial to exercise caution and adhere to local regulations. As you mentioned, KYC standards are increasingly important, and non-compliance could lead to legal consequences. Independent trading requires a careful consideration of both security measures and legal obligations to ensure a safe and compliant experience.

 

[Wisdom01]

The peer2peer option is actually been considered most of the time , many are using it basically for transaction and others , they actually have that interest in it , that's exactly what I noticed about the option

 

[IB DD]

PayPal is one of such platforms that one can use to buy Bitcoin. I also know that Cash App can be used to trade Bitcoin. You can also meet up with someone, agree on a rate and give him money to help you buy Bitcoin.