Who is trading on P2P wallet exchanges?

Zicadis

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Dump it!!!

Quote from: legendster on May 19, 2019, 11:36:39 AM

Quote from: Zemomtum on May 19, 2019, 09:08:46 AM

P2P might be the future as this hacking began to spread now. I do use Remitano and Local Bitcoin and I set my preferred price which paid directly to my bank account. In the next few years, P2P might gain ground if this hacking continues.

Honestly, I think you're the first person I've seen that admits they use Remitano. I tried developing a userbase for them before with little success.
And the statement that they're the ""future"" is overrated. They're neither the future nor the past, p2p is just one way that has existed from the time when there were no exchanges around and it'll continue to exist even if the market gets saturated with numerous centralized (or decentralized) exchanges.

Quote from: traderethereum on May 19, 2019, 09:22:05 AM

But still LBC still the best for me Grin

LBC has always dominated this sector.

P2P exchanges may be the future but for now they're suffering like hell. True, localbitcoins is dominating and is safe from being taken down or operating at a loss, but newer startups in the P2P sector are shutting down. Take Koinex from India for example. I heard they're shutting down. I'm not sure how that'd affect people using their wallet though.

Best to stick with the big guns unless you want to risk losing access to your cash at some point.

legendster

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Quote from: Zemomtum on May 19, 2019, 09:08:46 AM

P2P might be the future as this hacking began to spread now. I do use Remitano and Local Bitcoin and I set my preferred price which paid directly to my bank account. In the next few years, P2P might gain ground if this hacking continues.

Honestly, I think you're the first person I've seen that admits they use Remitano. I tried developing a userbase for them before with little success.
And the statement that they're the "future" is overrated. They're neither the future nor the past, p2p is just one way that has existed from the time when there were no exchanges around and it'll continue to exist even if the market gets saturated with numerous centralized (or decentralized) exchanges.

Quote from: traderethereum on May 19, 2019, 09:22:05 AM

But still LBC still the best for me Grin

LBC has always dominated this sector.

traderethereum

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Quote from: josephdd1 on May 19, 2019, 08:47:20 AM

Quote from: traderethereum on May 09, 2019, 12:27:11 PM

After I checked on my mycelium, I see that there are no local traders available on my range, but I see that there are available traders but it's too far from my home.
So at least, we could meet up with the sellers if he is in our city, right?
Hm, it is like LBC but I think it's more efficient than LBC, but still, we need to find the right sellers.
I am curious how to find the recommended sellers on mycelium.
Maybe it's too soon to say mycelium can provide p2p exchange since not many people use mycelium to trade.
But I still prefer the exchange to trade and to convert bitcoin to fiat.

well @legendster did ask the question 'who's using these' .. I'm sure with some time and proper marketing people will start selling in these exchanges to make some arbitration money.. matter of the right push I guess.

Yep, we need to wait for the right time to see people will start to use p2p exchange and maybe some arbitration money as you said.
But that will be interesting if people have started to use mycelium to buy and sell bitcoin directly without using any existing exchange because they can get bitcoin without waiting for a long time to see their order buy or sell will filled.
But still LBC still the best for me Grin

Zemomtum

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P2P might be the future as this hacking began to spread now. I do use Remitano and Local Bitcoin and I set my preferred price which paid directly to my bank account. In the next few years, P2P might gain ground if this hacking continues.

josephdd1

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Quote from: traderethereum on May 09, 2019, 12:27:11 PM

After I checked on my mycelium, I see that there are no local traders available on my range, but I see that there are available traders but it's too far from my home.
So at least, we could meet up with the sellers if he is in our city, right?
Hm, it is like LBC but I think it's more efficient than LBC, but still, we need to find the right sellers.
I am curious how to find the recommended sellers on mycelium.
Maybe it's too soon to say mycelium can provide p2p exchange since not many people use mycelium to trade.
But I still prefer the exchange to trade and to convert bitcoin to fiat.

well @legendster did ask the question 'who's using these' .. I'm sure with some time and proper marketing people will start selling in these exchanges to make some arbitration money.. matter of the right push I guess.

traderethereum

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After I checked on my mycelium, I see that there are no local traders available on my range, but I see that there are available traders but it's too far from my home.
So at least, we could meet up with the sellers if he is in our city, right?
Hm, it is like LBC but I think it's more efficient than LBC, but still, we need to find the right sellers.
I am curious how to find the recommended sellers on mycelium.
Maybe it's too soon to say mycelium can provide p2p exchange since not many people use mycelium to trade.
But I still prefer the exchange to trade and to convert bitcoin to fiat.

legendster

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Quote from: traderethereum on May 09, 2019, 09:01:31 AM

I still worry about trading in my mycelium because I don't know who that person is. I still feel better to trade on the local exchange or sent bitcoin to my sellers so he can convert it into fiat and send the money to my bank account.
I see it in my mycelium, but I don't want to try to use the p2p exchange on that wallet.

p2p trades are way more secure and anonymous than trading on local exchanges.
One of the many benefits I think is the ability to get payment in your prefered mode, be it in your bank account, PayPal or somewhere else. You set rates that you're comfortable with.

Basically, you're in control.

It's true though, not many people can be trusted with their own finances. So I totally get it if you have to say the same thing twice to express its importance to me - or maybe you just ran out of things to say and paraphrased the same thing again.

traderethereum

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Quote from: feryjhie on May 08, 2019, 12:58:51 PM

i already hear about mycelium P2p Exchange, but unfortunately i never try that because i don't know how to do the exchange
and i like my usual exchange because it's easy for me to sell my bitcoin to fiat

I still worry about trading in my mycelium because I don't know who that person is. I still feel better to trade on the local exchange or sent bitcoin to my sellers so he can convert it into fiat and send the money to my bank account.
I see it in my mycelium, but I don't want to try to use the p2p exchange on that wallet.

legendster

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Quote from: dunfida on May 08, 2019, 02:15:12 PM

Quote from: Haunebu on May 08, 2019, 05:38:52 AM

Quote from: anshui on May 08, 2019, 05:22:11 AM

trading on P2P is safe and secure , Also P2P exchanges like coinbaazar and localbitcoins connects from people around the world , Also escrow is safest way of doing a trade as both buyer/seller , rights are protected and taken care by the company.

P2P exchanges themselves are not 100% safe. They have their fair share of problems. The basic rules is that storing your crypto on any exchange(P2P or non-P2P) is risky and it is always better to use hardware or paper wallets in this case.

People will continue investing in Binance due to its insane popularity. People are still investing in other controversial exchanges too like Bitfenix etc.

P2P would still be the best choice among the two but as been said people would still use up Binance no matter what even it is already being stained its reputation.

Theres no 100% safe on the first place even when Binance isnt hacked yet but i do tell myself that there would really be a time that this exchange would have its own issue
and now it do happens.

Didnt hear ou about pint wallet yet.

Quote from: josephdd1 on May 08, 2019, 12:33:16 AM

never heard of this pint wallet. is it any good as a wallet?

Yep, up until about a few weeks ago, even I wasn't aware that PINT existed.
But seems like a fully featured wallet that's being actively worked on.

Also, people like to delegate responsibility. The whole point about crypto is enabling people to take responsibility of their own money. But lethargy (I guess?) leads people to seek out 'trustworthy' authoritative figures to do the heavy lifting when it comes to making things secure. Part of the reason why people trust exchanges more than themselves.

dunfida

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Quote from: Haunebu on May 08, 2019, 05:38:52 AM

Quote from: anshui on May 08, 2019, 05:22:11 AM

trading on P2P is safe and secure , Also P2P exchanges like coinbaazar and localbitcoins connects from people around the world , Also escrow is safest way of doing a trade as both buyer/seller , rights are protected and taken care by the company.

P2P exchanges themselves are not 100% safe. They have their fair share of problems. The basic rules is that storing your crypto on any exchange(P2P or non-P2P) is risky and it is always better to use hardware or paper wallets in this case.

People will continue investing in Binance due to its insane popularity. People are still investing in other controversial exchanges too like Bitfenix etc.

P2P would still be the best choice among the two but as been said people would still use up Binance no matter what even it is already being stained its reputation.

Theres no 100% safe on the first place even when Binance isnt hacked yet but i do tell myself that there would really be a time that this exchange would have its own issue
and now it do happens.

Didnt hear ou about pint wallet yet.

diazepam666

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If you selling bitcoins using localbitcoins there is no such slow while you exchanging it but while using Mycelium or any other wallet supported wallet there can be slower performance while dealing it.

Even selling Ethereum also I go with localethereum exchanges where I can trade the eth like same way on LBC.

As you believe these trading sites are really not safe even they have big infrastructure as a security.

feryjhie

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i already hear about mycelium P2p Exchange, but unfortunately i never try that because i don't know how to do the exchange
and i like my usual exchange because it's easy for me to sell my bitcoin to fiat

anshui

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P2P exchanges are gaining momentum as people are realizing its really easy ,and safe to do transactions . Also unlike other exchanges you have 2fa , otp login , google authenticator before for every transactions , which are quite a barrier to break.

electronicash

legendary

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Quote from: Genemind on May 08, 2019, 12:17:19 PM

I'm hearing positive reviews about p2p wallet exchanges.
They say that it could be the next generation crypto exchange due to its strong security system.
I haven't tried it myself so I can't testify if it's true.
However, I'm still having a second thought because even the biggest and most popular exchanges these days are hackable.
If p2p could provide the assurance of better and safer transactions, I think it's really wise to switch on it.

its true p2p is much secure. a wallet that can be connected to an exchange is secure but it needs to have volume. but there ain't no dex yet that has enough of it. the binance hack might just give way for their own dex. even the dex that has fiat gateway weren't enough to give at least considerable volume.

Genemind

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I'm hearing positive reviews about p2p wallet exchanges.
They say that it could be the next generation crypto exchange due to its strong security system.
I haven't tried it myself so I can't testify if it's true.
However, I'm still having a second thought because even the biggest and most popular exchanges these days are hackable.
If p2p could provide the assurance of better and safer transactions, I think it's really wise to switch on it.

legendster

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Quote from: Haunebu on May 08, 2019, 05:38:52 AM

Quote from: anshui on May 08, 2019, 05:22:11 AM

trading on P2P is safe and secure , Also P2P exchanges like coinbaazar and localbitcoins connects from people around the world , Also escrow is safest way of doing a trade as both buyer/seller , rights are protected and taken care by the company.

P2P exchanges themselves are not 100% safe. They have their fair share of problems. The basic rules is that storing your crypto on any exchange(P2P or non-P2P) is risky and it is always better to use hardware or paper wallets in this case.

People will continue investing in Binance due to its insane popularity. People are still investing in other controversial exchanges too like Bitfenix etc.

Really? I've been here since the time of OTC and I haven't seen the fair share of problems which you are mentioning. Care to elaborate?

webtricks

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Quote from: legendster on May 08, 2019, 12:30:43 AM

Some of you might know there are a growing number of wallets with in-built person to person exchanges. Whether it be Pint or Mycelium, these marketplaces are a little slower than a regular p2p market like localbitcoins, bitkan or Paxful.
One thing is for sure, with even Binance getting hacked, it seems nothing is safe enough to trust 100% anymore. Would wallet linked semi decentralized p2p exchanges be the future? or just another failed experiment?

Even on P2P Exchange Platforms, one has to deposit funds before selling it. Whenever one sends funds to the address whose private keys lie with 3rd party, there's always risk to getting scammed. However, we may argue that in case of wallet based exchanging platform, authority of funds remain with individuals upto the moment of selling coins so there may be reduced chance of hacking but the moment seller enters into trade and send funds to P2P address, he is open to many vulnerabilities.
Yet I would consider that to be a better option than leaving funds in the accounts of centralized exchanges.

Haunebu

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Quote from: anshui on May 08, 2019, 05:22:11 AM

trading on P2P is safe and secure , Also P2P exchanges like coinbaazar and localbitcoins connects from people around the world , Also escrow is safest way of doing a trade as both buyer/seller , rights are protected and taken care by the company.

P2P exchanges themselves are not 100% safe. They have their fair share of problems. The basic rules is that storing your crypto on any exchange(P2P or non-P2P) is risky and it is always better to use hardware or paper wallets in this case.

People will continue investing in Binance due to its insane popularity. People are still investing in other controversial exchanges too like Bitfenix etc.

anshui

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coinbaazar - Escrow Exchange is launched worldwide

trading on P2P is safe and secure , Also P2P exchanges like coinbaazar and localbitcoins connects from people around the world , Also escrow is safest way of doing a trade as both buyer/seller , rights are protected and taken care by the company.

VanDeinsberg12

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Quote from: legendster on May 08, 2019, 12:30:43 AM

Some of you might know there are a growing number of wallets with in-built person to person exchanges. Whether it be Pint or Mycelium, these marketplaces are a little slower than a regular p2p market like localbitcoins, bitkan or Paxful.

So what do you guys think? is it economically feasible for a wallet app to dedicate resources to this p2p marketplace feature? Is it worth it, given how less it is used by people? Or is it too soon to say?

One thing is for sure, with even Binance getting hacked, it seems nothing is safe enough to trust 100% anymore. Would wallet linked semi decentralized p2p exchanges be the future? or just another failed experiment?

from a long time ago and there was a lot of awareness if the centralized exchange was not safe. It's feasible to be used by people but the problem is that kind of p2p exchange site is not yet popular among the crypto traders or it charges more fees.

Basically, people are still interesting using real-time exchange site. I prefer to see more and more idex will appear in the future rather than pegged on the centralized exchange site or use P2P exchange site.

That will be more interested than it.

Ailmand

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Since there's a controversy about binance hacking,
I guess it's the right time for us to focus on P2p exchanges. I haven't tried purchasing or buying bitcoin through it but the current binance hacking case convinced me to switch on p2p.

maydna

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Yes, I already saw that in my Mycelium wallet but I never try it. The service that I already tried was localbitcoin, and I think that market is good enough for traders or for people who want to buy and sell bitcoin and they cannot find a local market besides of localbitcoin. I cannot say it is economically or not because it depends on every people itself. Some people will say that they help them to buy and sell, but the other is not use the service because they are still worried about something.

Perhaps, in the future, the wallet will be linked to the decentralized p2p exchanges. Probably, that is what it looks on the mew wallet which can be used for log in to the idex.market and we can use private keys to log in. But I am not sure about that.

anshui

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coinbaazar - Escrow Exchange is launched worldwide

A new P2P Bitcoin escrow exchange coinbaazar.com has been launched worldwide. This is a secure platform where you can buy & sell Bitcoins in exchange of 100's payment methods from bank transfers, wire transfers to gift cards and many more.

A low fee exchange as compared to other platforms.

As an introductory offer its giving away an additional reward of 0.5% of the completed trade amount to both buyer and seller. This is a limited time offer.

So sign up and start trading

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Quote from: legendster on May 08, 2019, 12:30:43 AM

Some of you might know there are a growing number of wallets with in-built person to person exchanges. Whether it be Pint or Mycelium, these marketplaces are a little slower than a regular p2p market like localbitcoins, bitkan or Paxful.

So what do you guys think? is it economically feasible for a wallet app to dedicate resources to this p2p marketplace feature? Is it worth it, given how less it is used by people? Or is it too soon to say?

One thing is for sure, with even Binance getting hacked, it seems nothing is safe enough to trust 100% anymore. Would wallet linked semi decentralized p2p exchanges be the future? or just another failed experiment?

Well this could be a good idea to start now since one of the most trusted wallet seem's that couldn't be so secure after all.
This P2P market place should be push so we should be the one to hold our own crypto and to keep it safe.

josephdd1

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never heard of this pint wallet. is it any good as a wallet?

legendster

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Some of you might know there are a growing number of wallets with in-built person to person exchanges. Whether it be Pint or Mycelium, these marketplaces are a little slower than a regular p2p market like localbitcoins, bitkan or Paxful.

So what do you guys think? is it economically feasible for a wallet app to dedicate resources to this p2p marketplace feature? Is it worth it, given how less it is used by people? Or is it too soon to say?

One thing is for sure, with even Binance getting hacked, it seems nothing is safe enough to trust 100% anymore. Would wallet linked semi decentralized p2p exchanges be the future? or just another failed experiment?

Topic: Who is trading on P2P wallet exchanges? (Read 360 times)