Is it possible to trade WITHOUT exchange? - page 5.

Oilacris

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Quote from: xSkylarx on June 29, 2019, 08:00:25 AM

Quote from: Dreamchaser21 on June 29, 2019, 07:02:02 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.

Its possible to trade without exchanges, here in my place you can do that using our local wallet (coins.ph). There might be no fees on doing that but there's a big difference on the price of buy and sell so I guess it is still not good to use that wallet as your trading platform. The fees on exchanges are not that high if you are trading big, so I think its better to use the exchanges and of course you can choose many coins which I think the advantage.

I'm from Philippines too and also a user of coins.ph bitcoin wallet. Aside from the big difference on buy and sell price, I'll add that you can't do buy and sell orders. So if you want to do trading using their platform you have to focus on it 24/7. Unlike on exchange you can do those orders and sell some stop loss. It is really not suggested to use that platform to trade. There are reports that when you have high amounts of bitcoin stored there the company will suddenly lock your account without any reasons. And reaching with them is difficult.

That's an another story yet this is a local exchange.It would be better if you do just simply stick out to those top

tier exchangers internationally.Its just normal for an exchange to set out KYC or verifications if there's something unusual
with your transactions.

Naida_BR

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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.

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.

xSkylarx

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Quote from: Dreamchaser21 on June 29, 2019, 07:02:02 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.

Its possible to trade without exchanges, here in my place you can do that using our local wallet (coins.ph). There might be no fees on doing that but there's a big difference on the price of buy and sell so I guess it is still not good to use that wallet as your trading platform. The fees on exchanges are not that high if you are trading big, so I think its better to use the exchanges and of course you can choose many coins which I think the advantage.

I'm from Philippines too and also a user of coins.ph bitcoin wallet. Aside from the big difference on buy and sell price, I'll add that you can't do buy and sell orders. So if you want to do trading using their platform you have to focus on it 24/7. Unlike on exchange you can do those orders and sell some stop loss. It is really not suggested to use that platform to trade. There are reports that when you have high amounts of bitcoin stored there the company will suddenly lock your account without any reasons. And reaching with them is difficult.

Dreamchaser21

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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.

Its possible to trade without exchanges, here in my place you can do that using our local wallet (coins.ph). There might be no fees on doing that but there's a big difference on the price of buy and sell so I guess it is still not good to use that wallet as your trading platform. The fees on exchanges are not that high if you are trading big, so I think its better to use the exchanges and of course you can choose many coins which I think the advantage.

seramania

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Quote from: maldini on June 29, 2019, 03:59:07 AM

Maybe if trading without an exchange will increase the number of scammers, exchange is a third party service to ensure our security in trading. Please just trade without exchanges, if you feel trusted with your trading opponent.
Oh yeah, not everyone has an IT background and can run a Linux operating system, so exchanges still have an important role here.

scammers will increase and black markets will emerge. so I think it's better to exchange officially in exchange and this is useful for making profits more secure and assets safer.

babysweetTiger0401

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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.

Yes that is very possible, you can trade without exchange, but using line under Linux, honestly
I had no idea about that. But making transaction without exchange is too dangerous that's why others
are using escrow for this, or it depends on the trust you have in the person.

maldini

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Maybe if trading without an exchange will increase the number of scammers, exchange is a third party service to ensure our security in trading. Please just trade without exchanges, if you feel trusted with your trading opponent.
Oh yeah, not everyone has an IT background and can run a Linux operating system, so exchanges still have an important role here.

Pursuer

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that is exactly the definition of decentralized exchanges (not through Linux command of course).

basically to do what you asked here, you want to create a peer to peer network that any user can come and meet other users (aka peers), connect to them and trade. it is a little bit complicated but doable because such system follows the same principles of bitcoin peer to peer network.
in order to make the trade/exchange there are things such as multi signatures, hashed locktime contracts, and some other smart contracts on bitcoin that you can use to ensure security and prevent fraud by either party.
there already are some projects that have implemented these things such as Decentralized Exchanges in general, the Atomic Swap technology, and also the Lightning Network technology.

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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 build a group of people who are trading very often then you can trade with them individually and the only fee for you will be transaction fee but the problem is low liquidity you maay not be able to trade whenever you want so you can try exchange whih might need small fee but worth it.

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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 know that bitcoin transaction fees are quite expensive and it is really time consuming. But that's what it takes to make Bitcoin trading successful. You really need exchange because if you have problems with deposit and withdrawal, you can contact support for assistance.
It will be safer and you will not lose your entire amount.

ridha inoue

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i don't ever think like that, if we can exchange it without exchanger, so why exchanger needed be there in cryptocurrency.
exchange is place for trade coin to coin, when this system is don't need again that mean exchange will die.
i think the grat way can we do is just trade it on exchanger.

exstasie

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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.

Not command line under Linux, but you're basically describing decentralized exchanges. Smart contracts can be used by two parties to execute trades without third party custody. IDEX is one such platform.

However, there is no DEX yet that eliminates all the centralized aspects of exchanges. Centralized domain, order book execution on centralized servers, and so on. This means not only are you still trusting third parties in various ways, but these third parties are leveraging their platform to monetize your trades. They aren't doing it for free.

joniboini

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In most case, people want to exchange coins for another coin or fiat money. I'm pretty sure command line is enough to send the bitcoin/alts but if the seller wants to receive fiat from that tx, then command line is not enough. But pretty sure exchange platform is not required for a transaction to happen, you can do OTC.

Exchange exist because it could speed up that process because anyone can simply place their order and buy/sell from whoever place that order on the order book, without spending time looking for buyer or seller as in OTC room.

sheenaedago

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If one of your friends has no idea about buying crypto assets, then you can do person to person trading something like close deal with digital asset paid through cash. You'll be responsible for his/her coins to be transferred to the designated wallet address provided personally.

BitMaxz

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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.

doedz

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Exchange is needed to get a trade agreement, besides that security is another reason. The involvement of sellers and buyers in an exchange will form volume and price changes.

logfiles

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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.

franklin2058

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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.

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