If you need to buy or sell bitcoin without KYC, then use decentralized services.
For bitcoin try first https://rango.exchange/
a complete list of decentralized services in this thread.
Do not change in large amounts, 20-50 dollars is enough for the test.
https://bitcointalksearch.org/topic/cross-chain-bridge-aggregators-5389259
Topic: P2p is the original Satoshi strategy for Bitcoin exchange - page 2. (Read 377 times)
P2p is based on trust and one can not be secured in carrying out a p2p transaction with a newbie who has not hard adequate knowledge so to avoid that risk exchanges are there to serve as a connecting link in form of escrow and a monitor between two traders. With your stand on the p2p, it will be limited to a small community of Bitcoin users leaving in the same environment but that will hamper the scalability of Bitcoin. So exchanges are needed and they're the gateway to cryptocurrency trading.
This, as well as many others here claiming P2P trading only works with trust, is wrong.I really recommend checking out Bisq and Robosats. If you read how the technology works, you will understand both (though bisq more so) are basically completely safe against scam attempts from either side of the trade.
P2P is indeed the way to go, the way satoshi intended Bitcoin to be used* and the most secure, private and anonymous way to acquire or sell Bitcoin.
*The whitepaper talks about Bitcoin as P2P money, and doesn't mention exchanges at all. That's why I say he envisioned people using Bitcoin peer to peer. For me, that includes selling or buying it.
Also keep in mind satoshi is not a god and not everything he said or claimed must (forever) hold true. Even if we disregard 'what his vision was', it still stands that objectively, a good anonymous, no-KYC peer to peer platform like the two I recommend, is the most secure, private and anonymous way to acquire or sell Bitcoin.
Exchanges are not a part of Bitcoin protocol, so it's not correct to say which type of exchanges were envisioned by Satoshi. Obviously p2p exchanges are more in spirit of Bitcoin values, but people are also free to use their Bitcoins as they want, including sending them to centralized exchanges. Some centralization is always inevitable, and p2p platforms should focus on improving to compete with centralized exchanges better, instead of hoping that people will use them for purely ideological reasons.
Actually what Satoshi planned was for you to earn bitcoin and spend bitcoin just like you do with traditional form of money instead of trading it (whether on a centralized exchange or a P2P exchange) so that you buy some hoping to gain profit and dump it the moment you reach your profit target.
If you read through the Bitcoin white paper you will discover that Satoshi's statement on Bitcoin exchange is by p2p and did not mention anything like centralized exchanges, this is because Satoshi Nakamoto know the importance of holding your Bitcoin in your wallet, and not on the exchange, this is so because the Bitcoin on exchange is like your money in your bank account which involves third party involvement,
And this is where I say stop cause it's not really like this
You're saying p2p, p2p, but you don't realize that most of the people go for p2p on a centralized website, be it Binance or LocalBitcoins or Localcrypto, and 99% of them will use bank transfers, Paypal or PAYEER or Skrill or whatever, so, in reality, is just a charade of a p2p as you're still involving two centralized solutions in this.
True p2p can only happen if you do a cash transfer with a guy you know from outside a centralized platform, otherwise, you're still relying on centralized 3rd party solutions, you're still trusting a random stranger and a bank or payment solutions with your money which defeats the whole premise
Quote
as you all know Bitcoin original idea is to eliminate third party involvement in our financial dealing.
Of course yeah, the true p2p comes without a third party as we see in exchanges stepping in as an escrow site but in the end, we still continue to exhibit some kind of control over the system as we get to determine price or rates using bid and ask. Bitcoin has undergone several shifts like from a 1mb block limit to a 4mb and the fact that, it now serves for investment purposes as an asset other than just a currency for exchange. It is hoped that in time as mining continues with bitcoin picking prices and value along the curve it forms over time, adoption would bring about its true p2p nature back to it in areas with a proper network coverage.
If you read through the Bitcoin white paper you will discover that Satoshi's statement on Bitcoin exchange is by p2p and did not mention anything like centralized exchanges, this is because Satoshi Nakamoto know the importance of holding your Bitcoin in your wallet, and not on the exchange
Satoshi Nakamoto made the p2p specifically for the use in the bitcoin network for exchange and nit for centralized exchanges to use or dominate it application, the annoying is that many don't know about this privilege in bitcoin to fully go decentralized, because if you think you're decentralized with the adoption of bitcoin and using a centralized exchange then your centralized already unaware and which is what many are fallen on without knowing.
Nothing new. Do you think Satoshi imagined there will be an exchange like Binance? Most of the volume comes from the exchange, not from p2p. That's the reason why the Bitcoin price pumping so hard. If you ask Satoshi now, he might create something more powerful than Bitcoin. It's a matter of time. Bitcoin has created transfer money worldwide without third-party involvement. And it's happening right now. So Bitcoin working it was created for.
It's already been done. Bitcoin will remain though.
Nothing new. Do you think Satoshi imagined there will be an exchange like Binance? Most of the volume comes from the exchange, not from p2p. That's the reason why the Bitcoin price pumping so hard. If you ask Satoshi now, he might create something more powerful than Bitcoin. It's a matter of time. Bitcoin has created transfer money worldwide without third-party involvement. And it's happening right now. So Bitcoin working it was created for.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
So for highly secure and privacy-consciousness use only p2p to exchange Bitcoin and hold your Bitcoin in your wallets.
This is like telling people to keep using Nokia 3310 just because you think some apps running on Android and iPhone steals their personal data and sell it to Advert companies, As true as this sounds, people will still keep using Android and iPhones because the PROs outweighs the CONs. If you Advice everyone to switch to P2P, how about the professional day traders?, trading on a P2P market can never be fast and liquid as trading on spot, margin/features market on exchanges, A significant change in price of Bitcoin can be experienced in the one minute or two you spend waiting for the other party to transfer funds, and this can lead to some unwarranted loss.
It is true what you said that P2P was the original vision Satoshi had in terms of Bitcoin transactions, But also do not forget that Satoshi did not expect that Bitcoin to be this successful as it is today, and i also believe that if Satoshi was still with the Community, he or they would have updated the whitepaper by now.
Not your keys not your Bitcoin, and you don't have Bitcoin if your Bitcoins are on exchange wallets.
If you read through the Bitcoin white paper you will discover that Satoshi's statement on Bitcoin exchange is by p2p and did not mention anything like centralized exchanges, this is because Satoshi Nakamoto know the importance of holding your Bitcoin in your wallet, and not on the exchange, this is so because the Bitcoin on exchange is like your money in your bank account which involves third party involvement, as you all know Bitcoin original idea is to eliminate third party involvement in our financial dealing.
So for highly secure and privacy-consciousness use only p2p to exchange Bitcoin and hold your Bitcoin in your wallets.
If you read through the Bitcoin white paper you will discover that Satoshi's statement on Bitcoin exchange is by p2p and did not mention anything like centralized exchanges, this is because Satoshi Nakamoto know the importance of holding your Bitcoin in your wallet, and not on the exchange, this is so because the Bitcoin on exchange is like your money in your bank account which involves third party involvement, as you all know Bitcoin original idea is to eliminate third party involvement in our financial dealing.
So for highly secure and privacy-consciousness use only p2p to exchange Bitcoin and hold your Bitcoin in your wallets.
Many things that are going on in bitcoin right now are not the original plans of Satoshi. While he was a human, he took into effect things according to how it was then and technology is an ever changing thing.
Satoshi's plan of bitcoin being a currency is fast being defeated for investment.
It is true that the present exchange p2p wasn't the proposal of Satoshi, I have been looking for a thread that explained the real version of Satoshi escrow as he proposed.
P2p is based on trust and one can not be secured in carrying out a p2p transaction with a newbie who has not hard adequate knowledge so to avoid that risk exchanges are there to serve as a connecting link in form of escrow and a monitor between two traders. With your stand on the p2p, it will be limited to a small community of Bitcoin users leaving in the same environment but that will hamper the scalability of Bitcoin. So exchanges are needed and they're the gateway to cryptocurrency trading.
The true peer to peer trading does not relate to an exchange. It is peer to peer between two traders who want to exchange their Bitcoin.
Exchanges were created and some of them provide Escrow to reduce risk to be scam in peer to peer trades. Especially if you are trading with newbies in peer to peer, risk will be higher.
Peer to peer trading by Bitcoin is safe also because of risk of reverse transactions is small and impossible. Cost to reverse blocks and reverse transactions that have more than 3 confirmations is very high. So it is not realistic to bet with attack and reverse transactions on the network.
https://www.crypto51.app/
https://howmanyconfs.com/
Exchanges were created and some of them provide Escrow to reduce risk to be scam in peer to peer trades. Especially if you are trading with newbies in peer to peer, risk will be higher.
Peer to peer trading by Bitcoin is safe also because of risk of reverse transactions is small and impossible. Cost to reverse blocks and reverse transactions that have more than 3 confirmations is very high. So it is not realistic to bet with attack and reverse transactions on the network.
https://www.crypto51.app/
https://howmanyconfs.com/
Problem is how do you think you are going to find people to send your Bitcoins to ?
P2P exchange is only valid when people are actually in a community which has well established Bitcoin ecosystem and are also keen on communicating as well, but at the end of the day one might understand the fact that these exchanges does provide not only competitive exchange but they also offer trading into other cryptocurrencies as well which makes the whole situation much better for the majority of people. Ofcourse undoubtedly with p2p exchange you can not only keep you Bitcoins more private but you can also get better value sometimes since you won't have to pay extra fee everywhere.
P2P exchange is only valid when people are actually in a community which has well established Bitcoin ecosystem and are also keen on communicating as well, but at the end of the day one might understand the fact that these exchanges does provide not only competitive exchange but they also offer trading into other cryptocurrencies as well which makes the whole situation much better for the majority of people. Ofcourse undoubtedly with p2p exchange you can not only keep you Bitcoins more private but you can also get better value sometimes since you won't have to pay extra fee everywhere.
So for highly secure and privacy-consciousness use only p2p to exchange Bitcoin and hold your Bitcoin in your wallets.
The number of people that offer P2P services is now becoming alarming, now even almost more than the amount of persons that hold bitcoin. OP as you encourage users here to exchange their bitcoins for cash via P2P only, it is also in line for you to advise that they be careful as to who the engage with as regards the transactions of their cryptocurrency. Engage with only trusted P2P users if possible those you know, and understand that randomly selecting an individual to transact with every time can put you in line to meet someone who possesses a dubious character. 
problem is
although we are not in the 1990's of dialup internet, and floppy disks.
although in 2009-10 there was an implied 1mb limit on blocks
this limit was not meant to remain. we are in 2022. where just 1 'download only' PS5 game is over 100gb.
the current dev leaders of core want to imply that 4mb is safe but not allow that 4x of 'weight' to be used for 4x of tx utility.
they do not want people using bitcoin for daily transfers, buys, spends.
they want people to lock funds up into multisig partner/custodians to do payments/swaps/exchanges offchain.
they pretend the reason is that hardware is not ready. or that bitcoin is broke.
real reason is they are funded by the very corporations of offchain "solutions"
dev team blockstream =https://dcg.co/portfolio/#b
liquid, LN, =https://dcg.co/portfolio/#l
coinbase https://dcg.co/portfolio/#c
kraken =https://dcg.co/portfolio/
thy care more about appeasing DCG wishes than the wishes of what bitcoin was invented for
oh heck even their 'dont store keys on pc buy a hardware wallet..
.. yep. ledger =https://dcg.co/portfolio/#l
although we are not in the 1990's of dialup internet, and floppy disks.
although in 2009-10 there was an implied 1mb limit on blocks
this limit was not meant to remain. we are in 2022. where just 1 'download only' PS5 game is over 100gb.
the current dev leaders of core want to imply that 4mb is safe but not allow that 4x of 'weight' to be used for 4x of tx utility.
they do not want people using bitcoin for daily transfers, buys, spends.
they want people to lock funds up into multisig partner/custodians to do payments/swaps/exchanges offchain.
they pretend the reason is that hardware is not ready. or that bitcoin is broke.
real reason is they are funded by the very corporations of offchain "solutions"
dev team blockstream =https://dcg.co/portfolio/#b
liquid, LN, =https://dcg.co/portfolio/#l
coinbase https://dcg.co/portfolio/#c
kraken =https://dcg.co/portfolio/
thy care more about appeasing DCG wishes than the wishes of what bitcoin was invented for
oh heck even their 'dont store keys on pc buy a hardware wallet..
.. yep. ledger =https://dcg.co/portfolio/#l
Not your keys not your Bitcoin, and you don't have Bitcoin if your Bitcoins are on exchange wallets.
If you read through the Bitcoin white paper you will discover that Satoshi's statement on Bitcoin exchange is by p2p and did not mention anything like centralized exchanges, this is because Satoshi Nakamoto know the importance of holding your Bitcoin in your wallet, and not on the exchange, this is so because the Bitcoin on exchange is like your money in your bank account which involves third party involvement, as you all know Bitcoin original idea is to eliminate third party involvement in our financial dealing.
So for highly secure and privacy-consciousness use only p2p to exchange Bitcoin and hold your Bitcoin in your wallets.
If you read through the Bitcoin white paper you will discover that Satoshi's statement on Bitcoin exchange is by p2p and did not mention anything like centralized exchanges, this is because Satoshi Nakamoto know the importance of holding your Bitcoin in your wallet, and not on the exchange, this is so because the Bitcoin on exchange is like your money in your bank account which involves third party involvement, as you all know Bitcoin original idea is to eliminate third party involvement in our financial dealing.
So for highly secure and privacy-consciousness use only p2p to exchange Bitcoin and hold your Bitcoin in your wallets.
Jump to: