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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.

 

[ammu40]

Yes, it is possible to trade bitcoin outside of an exchange. You can buy and sell bitcoin directly from other people, either in person or online, through services such as LocalBitcoins. ou can also use services such as Bitcoin ATMs to buy and sell bitcoin without using an exchange.

Exactly! Peer-to-peer trading and OTC trades are also popular options for trading Bitcoin without using a traditional exchange. These options offer more control over the price and offer more privacy, but also come with some additional risks such as the risk of fraud or scam.

 

[makanaki]

Exactly! Peer-to-peer trading and OTC trades are also popular options for trading Bitcoin without using a traditional exchange. These options offer more control over the price and offer more privacy, but also come with some additional risks such as the risk of fraud or scam.

Yes, peer-to-peer trading and OTC trading are popular options for trading Bitcoin without using a traditional exchange. These options offer more control over the price, as well as more privacy, but they also come with some additional risks such as the risk of fraud or scams. it's important to use trusted services, such as those offered by Binance and others, to ensure that the trades are conducted safely and securely.

 

[DotStar]

Utilize a Prepaid Card. One more method for purchasing Bitcoin by remaining anynomous is to utilize a prepaid Visa that you can get from any bank. You can use this prepaid card to purchase Bitcoins through dealers with practically no distinguishing proof from LocalBitcoin, Paxful or any market exchange.

 

[ammu40]

Utilize a Prepaid Card. One more method for purchasing Bitcoin by remaining anynomous is to utilize a prepaid Visa that you can get from any bank. You can use this prepaid card to purchase Bitcoins through dealers with practically no distinguishing proof from LocalBitcoin, Paxful or any market exchange.

Prepaid cards offer a way to buy Bitcoin anonymously. You can purchase a prepaid Visa card from a bank without providing any identification. With this card, you can buy Bitcoins through market exchanges such as LocalBitcoin, Paxful, and others without having to reveal your identity. This is a great option for those who value their privacy and want to keep their transactions confidential.

 

[Margery]

I looked at this situation in more detail, it turns out that all conditions have been created for this through the use of peer-to-peer networks (P2P). Peer-to-peer networks allow users to find a buyer or seller and complete a trade transaction without using an exchange. However, when buying or selling bitcoin off the exchange, you need to be careful and apply anti-fraud rules.

 

[usd2m]

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.

There are 3 ways to buy, sell and trade bitcoin
centralized exchanges that come under government rules and laws (most of them are struggling these days )
Decentralized exchanges where you can buy, sell and swap without any KYC. for example atomic, exodus, electrum, trustwallet, uniswap, pancakeswap etc
3rd way is P2P networks where you can buy and sell peer to peer and they comes with security system like escrow service.
All 3 are safe, i prefer decentralized exchanges, that is my first choice.

 

[ammu40]

Yes you can trade with Bitcoin were ever you is easy an simple if you know about it mean while there would be some country that may not know more about it an finding difficult to know what is called Bitcoin even in nangeria is not all places that know about Bitcoin , you can't good to market an said you want to buy something with Bitcoin the won't allow you.

It's true that not all countries and regions are familiar with Bitcoin and cryptocurrencies, making it difficult for individuals to trade or use it as a means of payment. as the popularity and knowledge of cryptocurrencies continue to grow, more and more businesses and individuals are beginning to adopt and accept it.

 

[Kennysplash]

Trading does not always have to happen on an exchange platform. You can sell or buy from a third party as well, as long as you trust who you are having the transaction with. It is just advisable to purchase in the wallet die to transparency.

 

[Margery]

People buy cryptocurrencies on an exchange only because they are safer to do so. Especially centralized well-known exchanges. Sometimes the commission you pay to the exchange for this more than covers any risk.

 

[Wisdom01]

some people actually make use of the peer to peer option to actually purchase cryptocurrency , they actually buy different types of cryptocurrency ofcourse through this process and means

 

[Deyiang]

Bitcoin is and interesting descentralize currency today there are various ways that you trade your Bitcoin either peer to peer or wallet to wallet though some countries have made it simple to their citizen by having Bitcoin ATM which is a good innovation

 

[Gamer01]

Yes it is highly possible to do so because when we do like this we save a lot of fees as decentralized services have low fees and you dont need to kyc as well so in the end you have more advantages to exchange in such platform .

 

[btaliat]

Trading does not always have to happen on an exchange platform. You can sell or buy from a third party as well, as long as you trust who you are having the transaction with. It is just advisable to purchase in the wallet die to transparency.

Trading outside and inside platform will always be on a trust basis. The only time you may not have to worry if you are selling or buying your coins directly from the platform. Here, you deal with your banks and the platform and not any third party.

 

[Margery]

The safest way to buy bitcoin or other cryptocurrencies is, of course, to buy on well-known cryptocurrency exchanges. Any risks are covered in this case. Even the peer-to-peer user-to-user way is not as reliable as it seems.

 

[Gamer01]

That's right some options like binance and also paxful are good that provide low fees withdraws and binance is the king when it comes the fees comparison that is the reason why most sellers and traders prefer the exchange over other platform indeed .

 

[Margery]

Commissions are undoubtedly of great importance when buying or selling cryptocurrencies. Also, security is important when conducting cryptocurrency transactions. Most often, all this is provided only by cryptocurrency exchanges. Other services do not always meet such requirements.

 

[Gamer01]

That's right but most of the times decentralized exchanges can just work out great and they make sure that each person gets the best service without having to worry about their details and privacy which is often needed on exchanges.

 

[btaliat]

The safest way to buy bitcoin or other cryptocurrencies is, of course, to buy on well-known cryptocurrency exchanges. Any risks are covered in this case. Even the peer-to-peer user-to-user way is not as reliable as it seems.

In case of any transaction glitch, a reputable and competent trading platform will have a reputable customer care support that will be of help to the potential buyers or eben seller. This will protect them from losing their money.

 

[Gamer01]

That's right as we all know mtgox that is one of the incident that comes to mind always and all those people who defaulted in their properties on the exchange causing only the owner had access to private keys was saddest part indeed .

 

[Margery]

In case of any transaction glitch, a reputable and competent trading platform will have a reputable customer care support that will be of help to the potential buyers or eben seller. This will protect them from losing their money.

That's it, which is another plus and the benefit of buying or selling cryptocurrency is on a well-known service. I don't think if there is a failure in the peer-to-peer exchange, someone will think about returning your coins to you. Although it may be how it is discussed there, I do not know. Never used peer-to-peer networks.