Topic: decentralized exchanage for p2p (Read 293 times)

The only p2p platform that I use is RoboSats and that is for a number of reasons.

1. You can run it completely within the Tor browser. No need for an entire software download that only does one thing like Bisq. This is NOT a dunk on Bisq at all. Bisq is a great service but Tor browser is more than just a p2p exchange.
2. You can easily generate and destroy a robot alias/username. In fact, just like bitcoin addresses, RoboSats aliases are best when they are only used once. This is an incredibly important feature imho.
3. You can buy with more payment options than other platforms and if you use Amazon gift cards, you don't need to email it to other users. You can give them the code directly so you don't have to worry about email ID being leaked.
4. You can receive on-chain or on lightning. Using LN can add a layer of privacy to your buys.
5. Smart contract maker bonds are used to minimize the need for trust in centralized third-parties and reduce spam and other bad actors.   
6. After you have completed a trade, you can delete everything and start all over again. It's so beautiful.

Once you have used it enough times, you realize that it truly is the best way to stack sats privately.

Learn more here: https://learn.robosats.com/
View their order book on clear net: https://unsafe.robosats.com/ This is not private at all so don't make trades unless you're using the Tor browser.

People use mobile devices more than desktop or laptop and developers know that.

If you are old, you would prefer desktop but if you are young, you would like mobile devices. I do neither use my mobile devices to store my main wallets nor use it to trade with my exchange account that has big capital of mine. It's risky in security, privacy as well as safety for my capital. With small screen on mobile devices, there are more risks to make mistake with your typing, tapping, trading.

Not all decentralized exchanges require you to download their softwares. If you download and use them on your computer, always use Tor connections.

Most of those DEX are not working in Mobile phones and the total number.of people that use bitcoin are using mobile phones so the number that use those DEX are not much to the CEX because most of the CEX are using Android Version. Like in my country we use the CEX more. Me personally have tried to download of the DEX but they don't work even in the laptop. though I was told that it is because of the OS version in the laptop. Since you are talking about how to avoid CEX, you can use p2p transaction in your side. With that there will be no KYC.

If you live in Europe or in some other countries, you can try swiss exchanges. Because unlike many countries Switzerland has a legislation allowing people to buy or sell cryptocurrencies without KYC below a rather high amount (about $1000 per day). So you can buy or sell your cryptos there safely without the threat of a nasty KYC surprise if you respect the limits.
You can try : Mt Pelerin, Bity, Relai, Bittr, Peach
https://www.mtpelerin.com/faq/how-to-buy-bitcoin-in-switzerland

In Binance p2p a third party will escrow your fund so that you will not run away with the fund when you receive payment, that is a way of protecting their customers. You can get scammed on p2p only when you release your fund without confirming that you have received your payment

Valid point there, if there is a third party/escrow, it is not peer to peer, that is the perfect interpretation of what p2p is. Actual Decentralized exchanges like bisq don't get involved as an escrow in the trade, the two traders conduct the trade peer to peer and the both of them are in control of the funds. The only time that bisq would get involved in the trade as a sort of escrow is through mediation/arbitration, that's if there is a dispute to settle.
The forum is not an exchange, and what the op was saying doesn't happen in bisq, which btw isn't a cex.

https://hodlhodl.com/, agoradesk and https://peachbitcoin.com/ are P2P exchange I have positive experience for decentralized P2P aside from Bisq. Most of them has less competitive rates but worth it considering how you can dodge KYC and use a p2p platform without relying on a centralized service.

This is why other forum members tells us to double check or even triple check what we are going to post. Well, it's good enough that you explained why you post that instead of adding "NOT" to your post because many forum members will be able to read it and this information might be what newbies will learn when we know that storing coins on a platform that is managed by a group is not a good practice and it is not 100% safe.

I am sorry but must ask to learn these things. If there are any 3rd parties involved to escrow the funds or for whatever reason, does it remain original P2P? The original P2P is supposed to be you and me, no one else should be involved there. But, I agree that Agoradesk is better than centralized exchanges like Binance.

Nope, P2P not definitely needs KYC verification in order to prevent scam, the P2P site will become the escrow since you transferred the money to the wallet integrated with the P2P site. So when the seller already give the money or coin to the buyer, the buyer can click to release the money otherwise it will automatically released as long as the seller has an enough proof if he already send the money first.

It's Agoradesk, one of trusted no KYC P2P.

Op ask for p2p service every exchanger ask KYC for p2p service. p2p trade is done customer to customer so it definitely needs kyc verification. otherwise, it will not be possible to take any action against someone who scams. And I don't know how DEX will work for p2p.  However, I personally support mandatory kyc rules for p2p services for every CEX exchange

Thank you @Pokapoka124 for providing the link from the thread post by @Ratimov and this, so it's very easy for all of us who are busy visiting here and there and saving time. Yes, this is very useful of course for me and other friends if there are questions at any time.

whell, I'll take my time to see it for a bit and visit it too.. .

What have you said that I didn't simplify in my explanation or you want me to write an epistle about shitty centralized exchanges over decentralized exchange? Huh!
Centralized exchanges are more than what you think, more like organized crime that package their self as clean people but deep down, they do worse than what you see in the public. Didn't you see SEC and Gary Gensler running after them.

The idea of discouraging KYC is to protect privacy, you don't want your whole life to be monitor just because you want to trade a pair of Bitcoin to shitty usdt, you don't want to your account be lock one day and when you don't have the private key, you are screw as hell. Who do you run to when all this happened? Absolutely nobody and there is nothing you can do about it because it's in their terms and conditions, they could lie against you that you violate one of the terms.

Wherther custodial or noncustodial, learn to hold your private keys in your pant secretly.

Maybe you go through my reply once more, and you will understand we are saying the same thing but in different context.

Bisq is a good exchange and many members here use and recommend the exchange. Bitcointalk is also a good place to trade p2p, you can find reputable members to act as escrow for your trades. of course this two are not the only platforms to trade p2p, read this thread by @Ratimov.

I beg to differ with your understanding of a CEX. The first reason for a CEX to be centralized is because it is controlled by a centralized authority. The best example would be Binance which is completely operated by CZ and a few 100 employees. The next example of wallets is irrelevant as there are wallets like trust wallets which are noncustodial but centralized.

The simple difference between a CEX and a DEX is that a centralized exchange has someone or a group controlling its operation. Whereas a DEX is controlled by the users participating in trading on that exchange.  

If I am not wrong you are looking for p2p exchange with no KYC requirement.

In that case you can go through List of P2P/no-KYC exchanges

Also https://kycnot.me/

But the real issue with decentralized p2p platforms is there is not enough liquidity and premium prices so if you want to prioritize priavcy the the prices is going to be a lot than the market price.

You are mixing Cex, KYC and Dex together. The reason why exchanges are called centralized is because they:
1. They ask you for your information and as a result, you must do KYC(know your customers) as means of identifying the user.
2. They give you a unique wallet address, without the private key and that makes them a custodial organization which are always not safe to use, anything can happen, you don't want them to run off one day right and because they are here doesn't mean its not possible.  I want to scare you, read more about the MT Gox exchange.

The Dex is the opposite of what I just highlighted about the centralized exchange. However, DEX and CEX both offer P2P feature where you can sell to any buyer or seller, the difference is that one Cex has act as the middle man that hold the coins while Dex doesn't hold the coins.

I think the two CEX he is talking about are the forum and the Bisq exchange, as he stated below.

Can you mention some of these decentralized exchanges that you are talking about, some exchanges might claim that they are decentralized, whereas they are not. Decentralized exchanges do not require KYC, but there are centralized exchanges that allow their users trade without kyc up to a certain amount, it doesn't mean that those exchanges are decentralized, neither do they claim to be, they are centralized and KYC is definitely required to trade above the limit for no-kyc trades.

Currently I personally mostly use p2p provided by top Cex like Binance and others. And for now I'm more comfortable with it. well, KYC is a bit of a pain but I think it's necessary for a reason. So it's not a problem for me. What I prioritize is security and speed.

But about Bisq I got curious after seeing this thread. Maybe I'll try it sometime soon. And will I be more comfortable there until I switch there and leave the P2p provided by Cex.