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Topic: PeachBitcoin.com | P2P Bitcoin Exchange 🍑 #kycfree - page 4. (Read 3347 times)

legendary
Activity: 1148
Merit: 3117
A feature that I wished for is now available - You are now able to see PeachBitcoin order book without the need to check the app as they have launched it directly in their website[1].

[1]https://peachbitcoin.com/kycfree-orderbook/
hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
Friendly BTCump!
legendary
Activity: 2212
Merit: 7064
I love what PeachBitcoin is doing with their app but there is always room for making improvements.
Adding a visual map of cities and meetup places would be a good to have, something similar like we have with btcmap.org but only for Peach meetups.
If someone have a contact with owner please make this suggestion.

legendary
Activity: 2730
Merit: 7065
Now, another question: can the seller load the account via LN or not?
Considering that this is a brand-new feature that they just added, I doubt you will find many Bitcointalk users who have used it yet. Perhaps your questions are better directed to their support at [email protected] or via their Telegram channel where their admin can help.
legendary
Activity: 1890
Merit: 5204
**In BTC since 2013**
I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
When you are selecting the payment method - in the "Select Currency" option - just go over to the "Other" tab, right next to the "Africa", and you'll be able to select the option "LNURL BTC Swap".

Thanks for the clarification. This method really makes sense.

Now, another question: can the seller load the account via LN or not?
legendary
Activity: 1148
Merit: 3117
I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
When you are selecting the payment method - in the "Select Currency" option - just go over to the "Other" tab, right next to the "Africa", and you'll be able to select the option "LNURL BTC Swap".
legendary
Activity: 2730
Merit: 7065
Have you tested this feature?

I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
I have not tested it, no. Maybe the feature is being rolled out gradually or is only available to users from certain countries (at the time). Or, perhaps, you aren't looking in the right place or something happened that made them stop it for the time being. I don't have any additional information.
legendary
Activity: 1890
Merit: 5204
**In BTC since 2013**
It seems that no one has mentioned yet that Peach Bitcoin has added a new swap feature allowing users to swap between on-chain bitcoin and bitcoin on the Lightning Network. You can read more about the LNURL swaps here and here. Peach Bitcoin doesn't currently charge its users any fees for this service. It's a good way to get your hands on some LN funds cheaply (depending on the offer of the other party, of course).

Have you tested this feature?

I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
legendary
Activity: 2730
Merit: 7065
It seems that no one has mentioned yet that Peach Bitcoin has added a new swap feature allowing users to swap between on-chain bitcoin and bitcoin on the Lightning Network. You can read more about the LNURL swaps here and here. Peach Bitcoin doesn't currently charge its users any fees for this service. It's a good way to get your hands on some LN funds cheaply (depending on the offer of the other party, of course).
legendary
Activity: 1148
Merit: 3117
I just got to know that the service expanded to some more countries outside Europe from the signature. Though it may seem small, but it's a move in the right direction. My question is should we expect expansion to more countries in the future?
If you are also interesting in knowing in which countries they may expand to, I would keep a close eye on this[1] spreadsheet. I wasn't aware that it existed, but it basically compiles every currency and method accepted by Peach. It is also a document that is developed and updated by them, so I would assume that it is updated as soon as there is a new currency implemented.

[1]https://docs.google.com/spreadsheets/d/1uqotdlQ1woALJnsLOJMwe21J4KvTvv3cnEqERqCUicg
legendary
Activity: 2296
Merit: 2892
#SWGT CERTIK Audited
Update .Peach Bitcoin version 0.5.0 (252).


hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
My question is should we expect expansion to more countries in the future?

I hope so.

In waiting for, as long as your FIAT currency is supported by Revolut, you have at least one solution to use Peach even outside the regions mentioned in the signature.

There's nothing to stop you buying via Revolut with USD, CHF or EUR, for example ; and there's nothing to stop you selling for one of these FIATs and then, once you've received the money, swapping it for your local FIAT on Revolut.
legendary
Activity: 2394
Merit: 1276
Heisenberg
I just got to know that the service expanded to some more countries outside Europe from the signature. Though it may seem small, but it's a move in the right direction. My question is should we expect expansion to more countries in the future?
legendary
Activity: 2296
Merit: 2892
#SWGT CERTIK Audited
[...]
I've contacted Steph and will get back to you as soon as I hear back.  ::)

Last Sunday, I received a notification regarding maintenance on PeachBitcoin. The crash notification no longer appears and is replaced with a more relevant notification when I haven't closed the sell offer.





Thank's.
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
[...]
I've contacted Steph and will get back to you as soon as I hear back.  Roll Eyes
legendary
Activity: 2296
Merit: 2892
#SWGT CERTIK Audited
I got several crash notifications on the Peach Bitcoin app (iOS version installed via TestFlight).





I first tried to explore the features of the Peach Bitcoin app. On the trade menu, I tried tapping the 'start buying! - 'Show Offer' button, after which I returned to the main menu without closing the list of sell offers and closing the Peach Bitcoin app.




After a while, a crash notification appeared. I assumed it was because the list of sell/buy offers had not been closed/canceled, causing the crash.

Has anyone here experienced something similar to this?
hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
legendary
Activity: 1148
Merit: 3117
It seems like something positive to me and that could avoid cases in which users choose such low rates that transactions take days to be carried out.

Peach's team has really done an incredible job.
From my perspective this was actually a move to try to balance PeachBitcoin liquidity regarding their operations within the transaction of their users - previously they were being damaged since with a high mining fee (and their consolidation feature) they would be, in fact , losing money if the transaction didn't had enough liquidity (from their 2% take) to cover for the remaining costs of the operation. However, like you said, since they will now try to fill as many transactions as they can in 1 bucket, it means that the mining fees will also be lower so the users also enjoy some benefits as well indeed.
legendary
Activity: 1890
Merit: 5204
**In BTC since 2013**
I know that this is old news but since I haven't seen it being discussed here I might as well share it - PeachBitcoin has made some adjustments to the way their "GroupHug" batching works[1]. Previosuly they were batching already the transactions but they often didn't had enough participants in the batching, so they would end up loosing money on the mining fee. They now divide them in a couple of buckets and try to have their orders filled as soon as 24 hours amongst other variables. I would just like to also highlight the following:

It seems like something positive to me and that could avoid cases in which users choose such low rates that transactions take days to be carried out.

Peach's team has really done an incredible job.
legendary
Activity: 1148
Merit: 3117
I know that this is old news but since I haven't seen it being discussed here I might as well share it - PeachBitcoin has made some adjustments to the way their "GroupHug" batching works[1]. Previosuly they were batching already the transactions but they often didn't had enough participants in the batching, so they would end up loosing money on the mining fee. They now divide them in a couple of buckets and try to have their orders filled as soon as 24 hours amongst other variables. I would just like to also highlight the following:
Quote
We also wait for the peach fee amount to reach a minimum threshold before broadcasting the transaction. We are also making batching the default! This does mean that payouts will take slightly longer than before, however we believe that again, our users want to stack sats with a low time preference and if we can save them fees by delaying payouts slightly users will be happy. If this assumption does not fit you, no worries! You can still opt out of batching at any point in time and have your release transaction immediately be broadcast. The only thing that changes here is that we now ask the user to cover the additional costs this implies for peach, meaning specifically the added consolidation cost of the peach fee we collect from that trade. We calculate this using the following formula: 41 * halfHourFee. At the time of writing, the half hour fee is 10 sat/vB, so this would mean an extra 410 sats paid to Peach. This is based on the absolute minimum size per input.

[1]https://peachbitcoin.com/blog/grouphug-for-everyone/
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