How to Buy Bitcoin Cheaper | Bitcointalksearch.org

pixie85

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Quote from: jerry0 on August 19, 2020, 12:38:34 AM

Do sellers on localbitcoins sell btc for a lower rate than coinbase or higher rate or about even?

Usually p2p Transactions are more expensive than those on centralized exchanges. Traders have to take into account that before they can transact with the money they got from a trader the price will change.

It's acceptable for both parties because you're paying premium for more safety and more anonymity. Your coins cannot be held ransom because you haven't done KYC or something.

bekti3

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Quote from: boyptc on August 18, 2020, 06:07:27 PM

Then there's no difference at all with that description through the usual exchange.

As buyers can also simply put up a lower price which how much they want to but the thing is, no one is willing to sell it at a lower price unless the market drops and reaches the price that has been set.

Right when you think about it, then what's the difference? I think it's the same, choose any price we want. I just realized, hehehe
What are the advantages and disadvantages that differentiate P2P exchanges from the exchanges we are used to?
why are things like this hardly discussed in more detail?

iTradeChips

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It is really amusing to think that people would be willing to sell their bitcoin at a very cheap price. I always see people selling their bitcoins at a price which is higher than the price that they bought it for. Unless there is some bloke who bought the bitcoins at a dollar and then sell it at 3,000 dollars when the market price is 11,000, and take note that bloke should be willing to sell it at a price that seems winnable for the buyer but a total loss for the seller.

XZERO1

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Quote from: Agios on August 18, 2020, 12:30:19 AM

All traders want to always buy Bitcoin at a price cheaper than the market price. Apart from buying and selling on the ordinary, centralized crypto asset exchange, there is another option, namely a peer-to-peer exchange. In this exchange, asset prices are not “regulated” by the exchange manager, but directly by the users.

That's not exactly cheap, on P2P exchanges you can buy Bitcoin maybe 2-3% less than the market price if you're lucky which is not that much specially in crypto market, you can just as easily make that much by just swing trading bitcoin for a few hours or less.

The only upside to P2P exchanges is for people that are looking for a more decentralized way to exchange their Fiat or whatever to BTC, and it's specially true for those who are trying to exchange bigger amounts that would require going through KYC on centralized exchanges.

ethereumhunter

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Maybe you can get cheaper price to buy bitcoin in a p2p exchange, but do not forget that you should pay the transaction fee that could be bigger. So that will be almost the same as you buy at the other exchanges, and sometimes, you can get lower price and fee at the exchanges. If the gap of the price is not too big, for example, less than $30-$40, you do not have to bother with the cheaper because you will make a profit when bitcoin price increase and your profit are bigger.

AicecreaME

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It's just similar on buying in a certain exchange. Even in P2P, you can't always say that you could buy cheaper Bitcoin in it, because of its volatility. Let me give you a scenario, for example you bought 1 Bitcoin in a P2P that costs $23,000 but after you bought it, the price of bitcoin went down to $22,300. So it's not cheaper nor expensive, because of its volatility.
Either way, you'll just have to wait for the price to pump again to surpass the price where you bought your Bitcoin to gain profit.

raidarksword

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All traders really want to buy cheap price on bitcoin and that's the method they can earn profit from buy low sell high tactics. The effective way to buy cheap is wait for the right time for bitcoin to go low in the market and that's gonna be the effective method there is.

elisabetheva

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very interesting what was said seemed something easy to do and sounded very sweet. but how to reconcile the two who need each other and there is no common ground and the price cannot match, is there a solution or does the token finally remain on the market until someone finds a common ground.

The last sentence of the OP is very interesting to digest that buyers can get a price much cheaper than buying on a regular exchange !! this seems very interesting how can the price be cheaper than the price on the market and how much cheaper so that we should be interested? because if there is a lower price, of course it becomes a question of how this can happen, can we guarantee that there is nothing we do not want?

ichi

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You won't get at a less expensive cost with the P2P Exchanges, since this is being done likewise as that of the exchange done on the trades towards the USDT pair. Here likewise brokers have their own net revenue, which will be over the market cost. As of late, I purchased a bitcoin when the cost was around $11200, however, what I paid was $11900. The distinction's been found in the net revenue set by the broker.

The potential methods of purchasing digital currency to be less expensive are through our discussion. Now and again individuals attempt to change from bitcoin to USD or to PayPal. One can utilize that, yet not the P2P trade for low-value purchasing.

NavI_027

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Quote from: k@suy on September 12, 2020, 06:48:48 PM

If you want to buy bitcoin for a cheaper price you have to wait when it's value fluctuates. We all know that it is volatile so we cannot predict whether when it's value will be at it's lowest that's why many bitcoin users hoards their coins and wait for the right time in which they can sell their coins into bigger and better price.

Actually, that's what I usually do. You know, I find waiting for the price dips time consuming and risky because no one knows if the price really go down and do not rise instead. So to avoid missing opportunities, I hoard coins the moment I got money. I'm not bothered where would be my entry points because what matters the most is your exit points. You should make sure that you will hold persistently until you now able to make profits. As simple as that

. But take note, I think this method is only appropriate for hodlers because daytrading acuires more precision and meticulous decisions.

GeorgeJohn

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Quote from: Agios on August 18, 2020, 12:30:19 AM

All traders want to always buy Bitcoin at a price cheaper than the market price. Apart from buying and selling on the ordinary, centralized crypto asset exchange, there is another option, namely a peer-to-peer exchange. In this exchange, asset prices are not “regulated” by the exchange manager, but directly by the users. In principle, a peer-to-peer (P2P) exchange is a crypto asset exchange that is similar to an online shop, aka a marketplace. The role of the stock exchange manager is only to bring together the seller and buyer of assets directly on one platform. In other words, for example, if you want to sell Bitcoin, you have a trading booth on that platform. It is also possible to place ads on that platform by specifying the selling price of the asset. The advantage of an exchange like this is that the seller is free to determine the selling price as he wishes and the buyer can freely look for price variations on the exchange. Buyers can even get a much cheaper price than buying on a regular exchange.

You made a nice point but am emphasising on roles of stock exchange manager is to bring buyer and seller but a situations were their is know buyer what is going to be the outcome. And people has already invested in you or your platform.

k@suy

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Quote from: Benefactor on September 12, 2020, 10:13:22 AM

You will notice that wise people always think about the future. They try to invest what they have earned in a place where they can make a good profit in the future. They are looking for a little short process although they know where the little ricks are. So I think considering all these reasons, they prefer Bitcoin to Gold. However, the number of people who will consider gold to be their safe resource from Bitcoin will not be less.

If you want to buy bitcoin for a cheaper price you have to wait when it's value fluctuates. We all know that it is volatile so we cannot predict whether when it's value will be at it's lowest that's why many bitcoin users hoards their coins and wait for the right time in which they can sell their coins into bigger and better price.

Benefactor

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You will notice that wise people always think about the future. They try to invest what they have earned in a place where they can make a good profit in the future. They are looking for a little short process although they know where the little ricks are. So I think considering all these reasons, they prefer Bitcoin to Gold. However, the number of people who will consider gold to be their safe resource from Bitcoin will not be less.

Xembin

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Bitcoin is a decentralized in any where in the world.
The best way to buy bitcoins in a cheaper rate, is for you to do your research very well before you purchase your bitcoin, if the supply is much in the market or demand are less in the market you will know.

crzy

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One of my friend before sold me bitcoin for a much cheaper rate and this is the only way to buy bitcoin at a real discounted price. Know the best place to buy bitcoin at your place, some of our local exchange offer the same services so maybe there’s also a good offer in your area. You can use the top exchanges to buy bitcoin directly using your bank accounts so you can consider this as well.

hotwheels798

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Quote from: maydna on August 18, 2020, 02:34:21 AM

I wonder how much the gap price will be when you buy bitcoin at p2p exchange? Is it the big gap price until more than $10 or $100? I still prefer to buy bitcoin from the local seller or local exchanges, at least, when I purchase on that way, I know where the address of the local seller or where the office of the local exchange, so I don't have to worry if I will get a scam. But we have a different method of how to buy bitcoin, so we can choose what we like.

But not many new people will use p2p exchange as they want to buy bitcoin without waiting for a long time. They will select what they want without getting force by any people.

Well there is a website where all cryptocurrencies like Bitcoin Eth Xrp and all valuable cryptocurrencies are available in 50% off . yes sir you heard it right. At first i also shocked. But i never tried it . The site name is crypto.com . In that website there is a platform named syndicate where every cryptocurrency is available in 50% off. You can crosscheck it.
https://ibb.co/f4G7WqK

( i shared this for knowledge purposed , Kindly do some research before step ahead. Thank you )

jpnl0006

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Quote from: Agios on August 18, 2020, 12:30:19 AM

All traders want to always buy Bitcoin at a price cheaper than the market price. Apart from buying and selling on the ordinary, centralized crypto asset exchange, there is another option, namely a peer-to-peer exchange. In this exchange, asset prices are not “regulated” by the exchange manager, but directly by the users. In principle, a peer-to-peer (P2P) exchange is a crypto asset exchange that is similar to an online shop, aka a marketplace. The role of the stock exchange manager is only to bring together the seller and buyer of assets directly on one platform. In other words, for example, if you want to sell Bitcoin, you have a trading booth on that platform. It is also possible to place ads on that platform by specifying the selling price of the asset. The advantage of an exchange like this is that the seller is free to determine the selling price as he wishes and the buyer can freely look for price variations on the exchange. Buyers can even get a much cheaper price than buying on a regular exchange.

The peer-to-peer system is most reliable if not for the cases of scam recorded. In that form of trade, the traders get to negotiate price but then it is the very easy way to negotiate without the need for a middle man to oversee or regulate. Prices are set by the seller to suit his demand at that point in time.

shoreno

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online shops not related to crypto have two versions too because i notice that some online shops have products that are being sold by a big company and not by individual small sellers . i prerfer to buy on the other type so that we can negotiate the price to possibly make the deal lower and save more . placing ads is not recomended because the reason you buy on this kind of marketplace is to save . you can just post your deal for free aside from searching for your prefered price

Tipstar

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Such platform would surely be beneficial for users, specially when you are doing crypto to fiat and fiat to crypto transaction as those transactions attracts the most fees.
Rates of trading of crypto are getting lower and lower. The thing you should be aware is of transaction fees and for some exchange transfer, withdrawal fees. Spot trading is cheaper if you just want to convert one coin to another and among them decentralized offer better rate if you want to change coins to token of the same platform.

Bes19

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P2P is still not ideal since scammers are using it to scam people. I always wait for exchanges promo especially in new exchangers they always have a discount or an additional percentage if you buy Bitcoin.
But im not saying to do it too,just sharing how i buy bitcoin in a cheaper way.

Topic: How to Buy Bitcoin Cheaper (Read 598 times)