Is it possible to trade WITHOUT exchange? - page 4.

maxreish

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Quote from: MadeinCoin on June 29, 2019, 01:44:40 PM

Quote from: Naida_BR on June 29, 2019, 11:11:07 AM

Quote from: franklin2058 on June 28, 2019, 03:00:15 PM

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.

It is not possible to trade with one line coding.
However, there are options to trade without visiting any exchange. Personally, I prefer trading via OTC with allow me to be connected with other buyers/sellers directly without any need of joining an exchange and pay high fees for that.

Well, well, now if you become a buyer and buy through OTC, will you just trust the seller? I think here the role of the exchange is very important to maintain the security of your trade compared to through the OTC market.

That is why there should be a third party involvement like exchanges for security purposes. Yes, fees are quite high especially in btc. Except if you don't want fees to pay, directly transactions is another choice. Like trading btc and do some transactions directly with acquintances or people you may know. In that case, both security and the fees are already solved.

shoreno

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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 .

anume123

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Quote from: MadeinCoin on June 29, 2019, 01:44:40 PM

Quote from: Naida_BR on June 29, 2019, 11:11:07 AM

Quote from: franklin2058 on June 28, 2019, 03:00:15 PM

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.

It is not possible to trade with one line coding.
However, there are options to trade without visiting any exchange. Personally, I prefer trading via OTC with allow me to be connected with other buyers/sellers directly without any need of joining an exchange and pay high fees for that.

Well, well, now if you become a buyer and buy through OTC, will you just trust the seller? I think here the role of the exchange is very important to maintain the security of your trade compared to through the OTC market.

That's a big correct also thats the impotance of exchange so we have some many different exchanges for that making a example of transaction that will have any problems for any buyer and selling for altcoins.

DoublerHunter

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Quote from: The Cryptovator on June 30, 2019, 11:20:54 AM

I think still now it's not possible to trade without exchange. Perhaps it would be on future if there is latest technology. Currently we need exchange like centralize or decentralized or we need use web wallet in order to trade. We have to pay fees when we are using thier party exchange. We can't avoid it.

^ I agree with you because exchange stands a third party between the two traders and of course it is lower the risk among of them exchange acted as an escrow. However, trading without exchange is possible but of course, those who trusted most you like to deal with. Perhaps there's the system in the future that we can trade like Linux but as of now, we need these decentralized and centralized exchange and also fees included.

Findingnemo

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Trade can be done if there is a buyer and seller so there is no need for any medium like exchange but now it is indeed since we don't know who want to buy our cryptos so using the exchanges or P2P to find the trades as we wanted.

The Cryptovator

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I think still now it's not possible to trade without exchange. Perhaps it would be on future if there is latest technology. Currently we need exchange like centralize or decentralized or we need use web wallet in order to trade. We have to pay fees when we are using thier party exchange. We can't avoid it.

RebeccaFrei

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I guess it's could be possible between 2 computers in some local network. However, to interact with the entire world you should use exchanges, for sure.

trimulia

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trade without exchange in my mind is trade personally by two people, it's not too eficiency and not too safe from scammer. the risk is higher than profit

buwaytress

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Got to bear in mind that just because you're not using an exchange doesn't mean you're not using something to facilitate the trade. The simplest non-exchange, non intermediary trade is between 2 people directly... but these 2 people aren't likely to ever meet without having a platform to see each other. I do plenty of p2p on Localbitcoins, so it's me and some other guy trading, but we're still putting our trades up on a platform, still allowing the platform to escrow our funds... still need to keep our BTC on that platform.

But that's a necessary form of security to me, which is the same on Bisq (another p2p). You ensure you don't get cheated (or minimise the risk of such anyway). It's a far better option that an exchange (trusting the exchange to keep your funds safe and honour withdrawals), or from meeting some guy blindly in a cafe hoping he'll pay you for BTC.

b3llsf1l3s

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Quote from: franklin2058 on June 28, 2019, 03:00:15 PM

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 thought it wouldn't work. Exchange owners create websites and interfaces so they can understand how they work even though they are basically the same.
However, if it is changed in the form of a Linux command, many people will not understand this. Moreover, fees have become the basis of miners, so we can't change terms and conditions

bitbunnny

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There are some possibilities to trade outside exchanges, some options are here on forum too based on P2P. But honestly I wouldn't recommend it.
I would say that no matter some disadvantages exchanges are still the best places to trade. They are regulated and monitored and in.case of some issues you have at least some coverage and protection. On informal trading platforms the risk is all yours.

Irvinn

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Quote from: olamidey on June 29, 2019, 03:52:55 PM

You will always need an exchange in crypto trading. It's very much needed as not all coins could be sold in P2P. Your friends may not want to buy the tokens you want to sell so you have no other option than to sell on exchange.

For bitcoin, Eth and some commonly traded altcoins, you can sell on P2P amount your friends and in some cases use escrow to avoid scam

Recently, escrow or escrow becomes more relevant, since a third party is involved here, with which you can receive certain guarantees subject to all the conditions of the contract.

djkyno

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The exchange is needed to trade successfully and to avoid the risks. However, you can trade directly in your local areas, by selling and buying the coins to people directly if you have any real friends interested in cryptocurrencies and trading them.

olamidey

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You will always need an exchange in crypto trading. It's very much needed as not all coins could be sold in P2P. Your friends may not want to buy the tokens you want to sell so you have no other option than to sell on exchange.

For bitcoin, Eth and some commonly traded altcoins, you can sell on P2P amount your friends and in some cases use escrow to avoid scam

Harlot

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Yes you can. You can even trade here in the forum with the currency exchange section we have, like a normal exchange you can set the price on what you want your coins to be sold minus the commission, the only downside is you would have to wait for someone to match it which I don't think would be an advantage if you are actively trading. Some Crypto Wallets also allow you to change your crypto to another crypto or fiat but expect them to have the better deal when it comes to rates. Best option for you right now is to really look for 3rd party traders that are looking for a straight swap and expect that there are a lot of scammers in this area.

TIDOVEE

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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.

Shenzou

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Quote from: franklin2058 on June 28, 2019, 03:00:15 PM

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 can do trading without an exchange but it varies depending on what are you trading and when you are trading and especially how much are you trading , say for example you buy some bitcoin and you hold it for quiet some time and than you want to sell it, you can either spend some a long time looking for a trusted buyer with a good price and take the risk of doing that or you can just use an exchange easily without any trouble, but say if you are trading multiple coins than you have to use an exchange because i don't think that you can find any peer to peer sites where you can exchange altcoins.

MadeinCoin

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Quote from: Naida_BR on June 29, 2019, 11:11:07 AM

Quote from: franklin2058 on June 28, 2019, 03:00:15 PM

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.

It is not possible to trade with one line coding.
However, there are options to trade without visiting any exchange. Personally, I prefer trading via OTC with allow me to be connected with other buyers/sellers directly without any need of joining an exchange and pay high fees for that.

Well, well, now if you become a buyer and buy through OTC, will you just trust the seller? I think here the role of the exchange is very important to maintain the security of your trade compared to through the OTC market.

Ucy

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Compare rates on different exchanges & swap.

"Third-party" will probably not be necessary in the future with Lightening Network and decentralized Autonomous Organization. This what excites me most about these technologies

pixie85

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Quote from: logfiles on June 28, 2019, 06:29:34 PM

In most cases a third-party is very necessary in order to make the trade possible. Decentralized or centralised... A third-party plays a role of acting as an escrow or platform where you can be able to see other trade orders otherwise how are you gonna know much bitcoin is available for sale and how much is it's price?
You just can't avoid an exchange.

You can do it by joining facebook trading groups or meeting people in person on conferences and such. Getting a good number of contacts will allow you to set up trades without a third party. It could be more risky but if you follow some basic rules like always meeting during the day in a public place you won't get robbed.

More people should do it because it's cheaper and untraceable when you pay with cash.

Maybe there are face to face exchanges in your town. Some people are setting them up just like you do with fiat currency exchanges and you can go there with your phone and get coins for cash without leaving a trace. They charge fees though.

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