P2P transfer | Bitcointalksearch.org

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Savindyha on August 22, 2021, 12:33:10 AM

Stop buying or selling P2P. . ?
Currently some countries are introducing rules for crypto currency.
Does this affect crypto?
Is that a joke?
Or is it a pretense. . .?

It will affect crypto if they're making their own rules, good or bad rules against the crypto market.

If your country allows you to do p2p then do it. You don't have to worried with it at all and just leave it that to the regulators and just keep doing your own thing.

Miaallen

member

Activity: 573

Merit: 30

The countries placing ban on cryptocurrency trading are not joking but I believe there is little to what they can do to it because of VPN. They can block the access of cryptocurrency websites from their countries but traders can still access the webs through the use of VPN and peer to peer trading will safe the day.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Savindyha on August 22, 2021, 12:33:10 AM

Stop buying or selling P2P. . ?
Currently some countries are introducing rules for crypto currency.
Does this affect crypto?
Is that a joke?
Or is it a pretense. . .?

As far as what I understood, and what I believe in, these p2p affects the price of the coin as it's not sold/bought in the market, meaning it can somehow make the price not to go higher/lower as p2p transactions doesn't affect the market. These rules and regulations tho, are expected, as long as it's reasonable, it's fine.

Gbniman

member

Activity: 84

Merit: 10

A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service.
I don't think this affect crypto because in my own country has a law that bans transaction on cryptocurrency to bank for Fiat, so with the help of using P2P give you the chance to trade from your wallet or exchange directly to your bank account. The government in my country aren't making it easy for the traders.

BIT-BENDER

hero member

Activity: 1498

Merit: 702

My country has a law that bans transaction from Bitcoin to bank for Fiat, so the ban is exchanging Bitcoin from your wallet or exchange directly to your bank account, I may have mis-understand you position against peer2peer but after the ban the most likely transaction of crypto-currency in my country is from Peer2peer although, it's still very possible and it's been happening exchanging Bitcoin from exchange to Bank account for Fiat maybe a ban that they the government can't even uphold, regardless if there is a country ban, Peer2peer becomes Chief medium of exchange.

Kavelj22

legendary

Activity: 1778

Merit: 1474

🔃EN>>AR Translator🔃

Quote from: businessgirl on August 22, 2021, 12:40:00 PM

Buying and selling cryptocurrencies without the involvement of a third party or intermediary is known as P2P transfer. While peer-to-peer (P2P) transfer allows users more control over the process, it's important to remember that without a third party to broker the sale, peer-to-peer transactions come with some hazards.

I don't know what you mean by that P2P transactions come with some hazards, but just to mention that even it comes some hot risks, this kind of transfers (in the crypto industry) open the door for many trusted sellers to build their own business without the need for a third entity to confirm the transaction (blockchain do it very well). Some of them already running their commerce services here in bitcointalk forum.

About country regulating crypto transfers, this is far to be just to curb/forbid P2P transfers. On the contrary, it can help secure them.
However, crypto regulations will surely limit P2P transactions because regulations would also allow banks and monetary institutions being involved in this process.

businessgirl

jr. member

Activity: 108

Merit: 2

Standard

Buying and selling cryptocurrencies without the involvement of a third party or intermediary is known as P2P transfer. While peer-to-peer (P2P) transfer allows users more control over the process, it's important to remember that without a third party to broker the sale, peer-to-peer transactions come with some hazards. But the benefit is that it allow users to send money each other via their portable devices using a linked bank account or card. They make it simple to split bills with relatives and friends.

cryptoaddictchie

legendary

Activity: 2100

Merit: 1321

Fully Regulated Crypto Casino

Quote from: Savindyha on August 22, 2021, 12:33:10 AM

Stop buying or selling P2P. . ?
Currently some countries are introducing rules for crypto currency.
Does this affect crypto?
Is that a joke?
Or is it a pretense. . .?

You mean using p2p? Why stop, its a very delicate method to do transaction. If authority forbids or strictly implement banning it then its gonna be bad for their countrymen. A lot of people are using p2p of crypto and its never better than using a slip on a bank when you are paying someone while using blockchain could do that on a tip of a fingertip.

Anyway can I know those country so strict even with p2p?

Savindyha

newbie

Activity: 98

Merit: 0

Stop buying or selling P2P. . ?
Currently some countries are introducing rules for crypto currency.
Does this affect crypto?
Is that a joke?
Or is it a pretense. . .?

Topic: P2P transfer (Read 88 times)