It's certainly possible to trade almost all altcoins that have a smart contract functionality completely peer 2 peer, and it's proven to be a
very welcome competition to exchanges, forcing most crypto exchanges to get their act together and focus much more customer satisfaction.
Topic: Is it possible to trade WITHOUT exchange? - page 3. (Read 8177 times)
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
Exchange is a place where sellers and buyers gather so that the process of trading will be easy to conduct. Indeed, we can trade without involving third parties, outside the exchange. However, we will face many obstacles. The seller must find the buyer himself and vice versa. Not to mention the problem of trust!
I think there was this new trade going on via some google chrome extension and it was looking like it was a great innovation.
I don't remember the name of it at all but at that time it wasn't liked by many people because of the security risks. There was no middleman involved and there was no need for it, you put your order there and someone buys it and thanks to the chrome extension it was switch from yours to theirs, kinda like the eth wallets we have like mew and metamask and so forth but with the option of trading as well.
If that were to happen today with good security I bet they would get so much attention however even mew and likes gets hacked once in a while so its a very very risky one, that is why exchanges became so big since they are much more trustworthy.
I don't remember the name of it at all but at that time it wasn't liked by many people because of the security risks. There was no middleman involved and there was no need for it, you put your order there and someone buys it and thanks to the chrome extension it was switch from yours to theirs, kinda like the eth wallets we have like mew and metamask and so forth but with the option of trading as well.
If that were to happen today with good security I bet they would get so much attention however even mew and likes gets hacked once in a while so its a very very risky one, that is why exchanges became so big since they are much more trustworthy.
When there are security issues why would anyone use it? In the end, when you deal with money you need to pay attention on security more than
on anything else. Trading is arrangement between to people, if you wish to trade you need a place where many people wish to do the same. Volume
is important, you can`t trade alone with yourself.
Exchanges with high volume and good security are the best places for trading.
its same as many things go if you want to sell/buy something you should know or find someone who is also looking for buy/sell and will be trustable assume someone agrees to buy and you send bitcoin what if he runaway or other way round , don't try to avoid the brokerage or trading fee and lose more just search some good platform and exchange
right, not only that. Exchange is a service that brings together sellers and buyers, it is impossible for everyone to look for sellers and buyers themselves, even if they can be trusted. Well, the exchange emerged as a solution to serve between sellers and buyers.
We will look foolish when we sacrifice some transaction costs with security obtained from trading in exchange. Maybe people who don't want to use exchanges will cry when they lose money.
I think there was this new trade going on via some google chrome extension and it was looking like it was a great innovation.
I don't remember the name of it at all but at that time it wasn't liked by many people because of the security risks. There was no middleman involved and there was no need for it, you put your order there and someone buys it and thanks to the chrome extension it was switch from yours to theirs, kinda like the eth wallets we have like mew and metamask and so forth but with the option of trading as well.
If that were to happen today with good security I bet they would get so much attention however even mew and likes gets hacked once in a while so its a very very risky one, that is why exchanges became so big since they are much more trustworthy.
I don't remember the name of it at all but at that time it wasn't liked by many people because of the security risks. There was no middleman involved and there was no need for it, you put your order there and someone buys it and thanks to the chrome extension it was switch from yours to theirs, kinda like the eth wallets we have like mew and metamask and so forth but with the option of trading as well.
If that were to happen today with good security I bet they would get so much attention however even mew and likes gets hacked once in a while so its a very very risky one, that is why exchanges became so big since they are much more trustworthy.
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
Of course not; it doesn't work like that. There should always be a third party/middle man between the buyer and seller as it's backed by users and not by a person or an institution. On the other hand, we can't avoid fees for making and exchange since you are using their software/app to act as an escrow between you and a buyer/seller. 
Kinda possible. You can buy coins on some websites focused only on it (like buycoinnow.com or something similar) and then hold them till the time will be right. But in the end, you will have to register on exchange after all.
Would that not be too cumbersome to do, having to open different website because I want to trade some particular coin, Imagine I want to trade about 10 coins, which means I must have an account on each of them, and when it comes to trading, one has to consider the time of executing a trade, before you get to toggle between all the website and login in, time would have gone for you to take execute some order. I think the best would really still be an exchange, and come to think of it, why would someone not even want to use an exchange to trade since they have the database of most coins in their platform, which will make it very easy for such trader to quickly pick any coin of his choice. What needs to be done is just to ensure that the exchange is a reliable one and that which has a very low trading fee like that of Binance.
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
Yes! Barter trade. But not actually the obsolete type of barter trade. You can use some social media app to make some deal with people who have tokens that we want to buy. However, without having a third party like escrow services will lead us to a scam transaction. That is why exchange have been created. In order to have a direct buying and selling within the traders. We can`t avoid fees because that will be used also with their development and maintenance. 
its same as many things go if you want to sell/buy something you should know or find someone who is also looking for buy/sell and will be trustable assume someone agrees to buy and you send bitcoin what if he runaway or other way round , don't try to avoid the brokerage or trading fee and lose more just search some good platform and exchange
Before I trade on exchange, I'm trade on trusted guy over 5 months
It's simple and fast , but yes the risk if suddenly he vanish because in transaction, I must send him first before he give me fiat
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
Bitcoin may be programmable. But fiat cash is not. So how can you trade Bitcoin for fiat, without any third party (i.e exchanges) or escrow? If you are so concerned about the trading fee, then you should try using DEX sites. I guess more than the trading fee (which can be as low as 0.1%), you are more concerned about the withdrawal fees.
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
LOL, like seriously I don't know know what's wrong with some people today. Okay, this is the second time I'm seeing someone ask whether they can trade without exchanges to avoid paying fees or maybe find an exchange that they can trade for free without paying any fees at all. Like what is wrong with you all… Why do you keep asking this question? You can't trade without an exchange they are very important and they provide security as well. And as for the fees they charge, well, you can't expect them to do all that work for free, and most of them have employees that they have to pay as well.
How will one get the counter party to execute his/her trade?
What about the security?
Everyone is not good at linux. What do they do?
What about the security?
Everyone is not good at linux. What do they do?
You can trade without exchange but I don't know if someone already did this through Linux command.
If you want to trade without exchanges you can start to trade in this section https://bitcointalk.org/index.php?board=53.0
Or trade in your local area to avoid fees.
Yes most of the high amount transaction is being done offline AFAIK .If you want to trade without exchanges you can start to trade in this section https://bitcointalk.org/index.php?board=53.0
Or trade in your local area to avoid fees.
I have few friends who are holding some huge amount of crypto and every time that they want to dump or buy more than 10 BTC they would do the transaction offline to avoid the fee from trading sites.
Kinda possible. You can buy coins on some websites focused only on it (like buycoinnow.com or something similar) and then hold them till the time will be right. But in the end, you will have to register on exchange after all.
It's just simply buying not selling. Trading without using an exchange platform is impossible right now. Banks don't support yet the use of blockchain technology. If you use peer-to-peer exchange it might be a hassle if you want to make profit from it as.you will need to find many people that offers that kind of service.
what kind of question is this ? by the way , this is pretty easy and the answer should be yes . it is still possible to do trade without online exchange because we can still trade with real people . trading with real people is infact cool because you gotta know them and you can make friends with them plus it also cuts the trading fees ( the one that we pay when we use online exchangers ) . but make sure that you transact on crowded and guarded areas so that you will be safe .
Trade with people is one of the way to cut third party like exchanges, but its difficult to do the transaction, for example you want to sell 1 btc and the buyer only want to buy 0.2 then you need to find another buyer again, and if you used single line commands or too difficult method, people will find other investment, it is possible to trade without exchanges,but for now I think exchanges still play a vital role
i will say yes and No, it depends on which type of trade.
you can do trading without exchange if for example, you trade your coin with direct goods item probably still online to be delivered.
i will say you cannot if you will need to transfer your coin directly from your wallet into your personal bank account.
you can do trading without exchange if for example, you trade your coin with direct goods item probably still online to be delivered.
i will say you cannot if you will need to transfer your coin directly from your wallet into your personal bank account.
Yes, you are right but it completely depends upon the currency you are converting because when you want to trade them into your local currency you need to search those direct trading in your country. Still, it is impossible for us to send the coins to banks because banks are not supporting the blockchain yet.
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
I don’t see the possibility of people exploring that option, there must still be involvement of third party like exchanges to have a smooth running trading, if we trade without exchange,, how then would people be able to convert their earnings into fiat or withdraw it completely, I think this sort of system you see is what BOTS are using, but in the end, they must still pass through an exchange to be traded fully into Fiat.Moreover, what is the trading fee we are talking about for us to be running away from fee, BAINCE has the lowest fee till date for now, and the fee is so insignificant that you can almost not notice anything leaving your fund as fee, and it is even greed to me for you to use a service without desiring to give in return no matter how little. We have not even encouraged people to accept Dapp exchange, not to talk of your idea.
Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.
You do not even need linux, if you trust the other person just send money to someone and they will send it to your bank account. That is how I did it back in the day when my country didn't have any local exchanges and it was working fine but it was risky since I didn't know who was sending me money and I needed to trust that person.Exchanges are more trustworthy than people but even today you can find OTC places to do that type of no fee exchange if you want to. The reason why exchanges exist and liked so much is that people don't need to trust anything since they know they can trade as much as they want and withdraw afterwards if they want to. All you have to trust is the exchange itself and exchanges are making a ton of money so no reason to not trust them as long as they are not hacked.
I have seen altcoins have an in-built 'exchange' feature where people can trade from within their client without a third party, but that would be something that's not really convenient to do with Bitcoin due to the fees. I think that Lightning will be a major game changer in this field with how you can exchange funds in an instant and at almost no cost.
People have to understand that development of these non profit features is very slow because it cost time and money for developers to work on this. Give it a few years.
People have to understand that development of these non profit features is very slow because it cost time and money for developers to work on this. Give it a few years.
Kinda possible. You can buy coins on some websites focused only on it (like buycoinnow.com or something similar) and then hold them till the time will be right. But in the end, you will have to register on exchange after all.
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