Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[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.

 

[Gamer01]

Peer to peer transactions are without any escrow in literal meanings that means you are taking a big risk and 99% of times you do not use a escrow you would end up being scammed so tell us how important is to use an escrow service actually indeed .

 

[Margery]

so tell us how important is to use an escrow service actually indeed .

An escrow service is a neutral third party that holds funds or assets in a transaction until both parties have fulfilled their obligations. This can provide a level of security and assurance to both parties, as it ensures that the funds or assets will only be released once the agreed-upon conditions are met. This can help prevent scams, fraud, or other forms of financial loss.

 

[btaliat]

People like me always prefer to use my debit card to get my coins bought to other means of buying it. This is because it is always safer to deal directly with our banks than with third party, which is somehow risky

 

[Margery]

To buy any coins, I usually use PAYEER with its cryptocurrency exchange. I bring money there from the card, if there is not enough money earned on the Internet and I buy the coin I need. You can say, of course, that there are few coins and a high threshold for entry, but that suits me perfectly

 

[btaliat]

To be on a safer end, it is always better to sell on cryptocurrency platform using peer to peer platform. With this, there is always a higher value. But if want to buy coin, buying with debit card is always a better option.

 

[Margery]

Here, in fact, there is no difference how to buy cryptocurrency. I mean the means of payment that is used for this, be it a debit card or a regular online wallet. The main thing is that you are confident in the safety of the operation.

 

[Gamer01]

Yes they are payeer are extensively used and most exchanges buy crypto through their service as well and then get $ back and then sell them for high rates to get more crypto in this way they keep making money actually indeed .

 

[btaliat]

Peer to peer transactions are without any escrow in literal meanings that means you are taking a big risk and 99% of times you do not use a escrow you would end up being scammed so tell us how important is to use an escrow service actually indeed .

It depends on platform. Though, if you use Binance platform, there is still no need of any escrow. You only need to be smarter, not to confirm the payment before you receive the alert from the buyers

 

[Gamer01]

That's right and the rates on binance are good too I know paxful has lot of Scam users but still now people have good knowledge and can save themselves from scams actually very easily indeed and be safe from such activities.

 

[Wisdom01]

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.

Yeah trading doesn't always have to happen on an exchange platform ,but it's good to trade only with a trusted third party ,so that the person would actually not get scammed and start regretting at the end

 

[Gamer01]

You should never trade on peer to peer option that a straight scam instead you should take the services of an reputed person and then make trades that help you to solve your problems in an easy manner actually indeed and be safe from Scam as well .

 

[Margery]

When exchanging cryptocurrency for fiat or vice versa, first of all, you should pay attention to the possible level of security of the transaction. There are also a lot of transactions in the peer-to-peer network and the percentage there is probably less than on the exchange, since the exchange is an intermediary.

 

[Player1]

I am still trying to understand the question, if you are talking about trading Bitcoin without the use of an exchanger platform, then yes. There are wallets like trust wallets and the likes that are not exchange platforms that you can make use in trading. But if you are talking about trading without exchanging Bitcoin it self, i highly doubt this is possible.

 

[Margery]

Such an opportunity, I mean trust wallets, is available in almost everyone. Those that I used in due time had such an opportunity. Everything is safe there, too, since such a wallet is installed on a computer.

 

[Gamer01]

He is asking about any source that does not worries about aml but I hardly doubt any exchange would do that fixed float is the one that allows but deals in crypto only exchange no fiat atm to be Frank.

 

[Margery]

The exchange rate cannot be fixed at the same time if the cryptocurrencies are constantly changing in their value. To prevent this from happening, they want to put the cryptocurrency under control so that they can work with it at the state level.

 

[Kennysplash]

Yes you can send your bitcoin to a third-party and collect payment without involving your cryptocurrency wallet at all. The purpose of the wallet is just to ensure transparency while they are conducting the business.

 

[Gamer01]

If crypto becomes stabilized the actual meaning of using the crypto will die and people will stop using the crypto and might switch to traditional bonds and stablecoins because then there will be no gain or big loss just normal gains .

 

[btaliat]

If crypto becomes stabilized the actual meaning of using the crypto will die and people will stop using the crypto and might switch to traditional bonds and stablecoins because then there will be no gain or big loss just normal gains .

Definitely, many people are drawn to the using of Bitcoin because of its volatility. In many cases, its volatility has been seen as a two edged swords that can be used positively or negatively depending on how good we are.

 

[Kennysplash]

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.

Yeah trading doesn't always have to happen on an exchange platform ,but it's good to trade only with a trusted third party ,so that the person would actually not get scammed and start regretting at the end