Bitcoin Forum

All traders want to always buy Bitcoin at a price cheaper than the market price. Apart from buying and selling on the ordinary, centralized crypto asset exchange, there is another option, namely a peer-to-peer exchange. In this exchange, asset prices are not “regulated” by the exchange manager, but directly by the users. In principle, a peer-to-peer (P2P) exchange is a crypto asset exchange that is similar to an online shop, aka a marketplace. The role of the stock exchange manager is only to bring together the seller and buyer of assets directly on one platform. In other words, for example, if you want to sell Bitcoin, you have a trading booth on that platform. It is also possible to place ads on that platform by specifying the selling price of the asset. The advantage of an exchange like this is that the seller is free to determine the selling price as he wishes and the buyer can freely look for price variations on the exchange. Buyers can even get a much cheaper price than buying on a regular exchange.

This is a good topic but not new anymore on this forum. You did not provide examples of p2p exchanges. You can check the thread below for p2p exchanges.
https://bitcointalk.org/index.php?topic=5224711.msg54697812#msg54697812

P2p exchnages are one of the best, you will be able to dialogue with your seller or buyer. But there is one thing about the exchanges, someone needs to be careful, there are many people using such exchanges to scam, that is why it is good to never receive bitcoin from escrow until you a buyer has paid already. Also, if seller did not release the bitcoin in the escrow in time after successful payment, it is very good report the person to customer care before the time-based escrow expires.

There are many people using it to scam, but if all conditions are fulfilled appropriately, it will not result into scam.

A Bitcoin exchange transaction resulted in a user getting scammed as a spoofed SMS message from a payment app made it seem that the attacker executed the payment.
https://cointelegraph.com/news/scammer-spoofs-sms-identifier-to-steal-funds-from-bitcoin-user

Wait a second? Isn't every transaction on every exchange a P2P transaction? We actually sell to someone who wants to buy it then what's the difference that you are talking about? If you are saying that the buyer seller can set their own prices then truth is that why would they set price above below the current market price? Both would want best for them? And even if one of them agrees to compromise that price could become the new Current Market price. Isn't that how a market is formed? If you think centralized exchange prices are manipulated try Decentralized exchanges. I think a direct dialogue with the other party would just make the process slower.

Edit: oh you are talking about local bitcoin type exchanges. They are highly risky and too slow. They should be and are used only when a person wants to sell crypto for fiat. And that fiat pair isn't listed anywhere. Wazirx in India allows fiat withdrawal in this way but the prices are really on the CMP you can expect a variance of around +/- 0.5-1% at max in rarest of cases

I wonder how much the gap price will be when you buy bitcoin at p2p exchange? Is it the big gap price until more than $10 or $100? I still prefer to buy bitcoin from the local seller or local exchanges, at least, when I purchase on that way, I know where the address of the local seller or where the office of the local exchange, so I don't have to worry if I will get a scam. But we have a different method of how to buy bitcoin, so we can choose what we like.

But not many new people will use p2p exchange as they want to buy bitcoin without waiting for a long time. They will select what they want without getting force by any people.

Centralized exchanges offer their own services to trade and not the coins networks (blockchains). They keep records on their own centralized servers. They don't sent transactions on the blockchain for every trade.  The fees we pay to trade on CEX's are not miners fees. Withdrawals only contain miners fees.

P2P means no third party is involved, or its involvement is strictly about facilitating the P2P trade by bringing together a buyer and a seller (by listing their offers) and perhaps performing escrow services (which are acting as third party though).

Then there's no difference at all with that description through the usual exchange.

As buyers can also simply put up a lower price which how much they want to but the thing is, no one is willing to sell it at a lower price unless the market drops and reaches the price that has been set.

You won't be getting at a cheaper price with the P2P Exchanges, because this is being done same as that of the trade done on the exchanges towards the USDT pair. Here also traders have their own profit margin, which will be above the market price. Recently I bought bitcoin when the price was around $11200, but what I paid was $11900. The difference that's been found is the profit margin set by the trader.

The possible ways of buying cryptocurrency to be cheaper is through our forum. At times people try to convert bitcoin to USD or to PayPal. One can make use of that, but not the P2P exchange for low price buying.

The difference would not be noticed that much even you got it on a cheaper price.Those p2p exchanges also sets their buy and sell price according to their will, it's also the same on exchanges that are centralized. The chance that you can buy it at a lower price, is also thr chance where you can buy it on higher price. Just think that not anyone are selling their bitcoins on much lower value.

If you ever wanted to buy bitcoin for lower price, then try buying it away from exchanges. You can buy it directly to someone. A friend, or anyone that is willing to sell those bitcoins to you at a considerably lower price.

You probably will get a cheaper price than in the common exchanges (DEX/CEX). But, will it be a high gap in price that you will get? Additionally, a transaction in P2P mostly will take longer time, this is not exactly available for fast transaction. So, if you are a trader or arbiter, it will not be suitable for you. It is good if you are not in a hurry and only make crypto for long term investment.
Then, P2P commonly also has low trading volume, so it will impact on the low chance to be successful in the transaction.

So, should we really use P2P? Once again, it needs high carefulness if going to do P2P transaction because there is a higher chance for scams.
Whatever the choice of exchanges or ways of the transaction, it should fit your needs and strategy.

I'd never find it being possible at this time since the price keeps pumping. It for sure no one will sell their Bitcoin in cheap just for you...lol

Where have you been when the price is still below $10k if you have taken that chance, definitely you have been profiting this time. If you are looking cheaper price that of the market demand these days, you have nothing to do but to wait and watch the market to dump. That is only the chance I'd see unless if there is someone would offer you a lower price.

I'd say that you missed the train already. You either to wait for the dump or to invest now. The market will turn bullish soon and investing by now it seems to be a good idea than to have regrets.

Yes, p2p trading is cheaper but it's also as said by others, riskier. Plus, most wouldn't even bother buying like such since most are actually into trading instead of using it/hodling. There's also the issue of never-ending changing prices every minute, though unless a huge dump occurs, the difference shouldn't be that huge. Transactions may be slower, but honestly, it's just a matter of organizing the transaction. If you, the buyer, were to prepare beforehand some of the issues to be talked about, such as escrow and the like, the time shouldn't be that long, though it would still take longer than using CEX normally.

Well, it depends on how you work around it. With escrow and a bit of time to organize, it should be rather easy though it really isn't the best way to buy, especially if you're trading. But if you're just hodling or using it for your own, trying it out may prove to be useful since it guarantees complete anonymity.

I've just read about it, and there's some questions on my mind about this type of platform. Who manage it? I mean maintaining the site exchange regularly? Yeah let's say its open source but what if the community stops supporting? It would encounter some critical bugs that will surely lose all your funds.
Decentralization is all and good, but the safety of assets is my prime concern. What i need to see is a large community like in uniswap smart contract that's based in ETH blockchain.

Bullshit.

There is no such thing as a manager regulating prices in exchanges.

So you think you will buy bitcoin cheaper from someone else? And who is the idiot that will sell you bitcoin below the price? If you find someone who wants to sell bitcoin for 6k , you can be 100% sure you are going to get scammed.

Nobody will sell bitcoin for a price lower than the exchange price. This is because he can just sell at an exchange.

• Help: A list of LocalBitcoin alternatives (P2P marketplaces) (https://bitcointalk.org/index.php?topic=5224711.0)
• BestChange.com (https://www.bestchange.com/) (ANN thread (https://bitcointalk.org/index.php?topic=3309245.0))

For P2P marketplaces: keep in mind that the more greedy you are, the higher risk you will take. Don't ask for safe trades if you always want to trade with too high discounted offers that mostly come from scammers and newbie trade partners. In contrast, choosing old, trusted partners with lower discount offers will help you safe. They are similar to two sides of a coin and you can not ask for both at the same time.

For BestChange: choose your locations, payment methods and get list of available exchanges from which you can choose the best one for your trades.

For any exchanges or P2P marketplaces you use, beware of phishing sites, like these (https://bitcointalk.org/index.php?topic=3309245.msg54670241#msg54670241)

• Phishing Quizzes - Beginners & Experts (https://bitcointalk.org/index.php?topic=5178375.0)
• What to do to avoid phishing sites (https://bitcointalk.org/index.php?topic=5171134.0)
• Host-file to deal with phishing sites (https://bitcointalk.org/index.php?topic=5178198.0)

Peer-to-peer platforms such as Bisq also has their own developers, so it's not entirely the fact that only the community are making code changes.

Also, sure there could be bugs. It's just that in my opinion the chances of having super critical bugs is highly more unlikely compared to the Ethereum "DEXs".

Truth be told, we really don't have any really decentralized exchanges today. Even Uniswap is somewhat centralized, just non-custodial.

Also, Uniswap has Wrapped Bitcoin(WBTC). Though I'm definitely not a fan, it's an option if you're willing to take the risk.

I don't think that the discount price will be too big. If that so, I still prefer to use the exchange that I already used before, whether that exchange used KYC or not because I see that can help from searching the exchange.

Doing transactions on here will be another option as we know that this forum has many reputable members who will help people buy and sell the bitcoin. Besides that, with support from the escrow agents, our transaction can finish by smoothly.

He's probably referring to the exchange's Bitcoin selling price and not Bitcoin's traded price.

The selling price of BTC as per Binance's classic trading platform, for example, is already at $11,786 right now. But it's not the price of Bitcoin if you are to directly buy from them and not trade. If you are actually buying BTC, not trading, using bank deposit or credit card you will certainly be paying a much higher price. However, if you prefer to buy through their P2P, it may happen that the price is actually cheaper. You can actually buy BTC at $11,450, that's lower than the traded price and way cheaper than Binance's Bitcoin selling price.

Do sellers on localbitcoins sell btc for a lower rate than coinbase or higher rate or about even?

The reason i seen that makes traders to look for a cheaper rate btc to buy is because traders never believe that then will make benefit for their transaction, the problem is that people will still sell to them at a cheaper rate because them know them but it's difficult for ordinary person to buy btc at lower rate.
Even some platform's will even loan their btc to traders in order to make profit,using bank as a reference,it's very difficult for bank to loan individuals, most especially youth's who want to startup a business but bank will invest peoples money into forex trade.

It is true that you can set your own price while trading on peer to peer trading platform but do you ever wondered why anyone has to sell their bitcoins cheaper than the market price, and also you need to remember if you are going to place a buying advertisement then higher the price will be in the top of the list and if you are setting too low fee means you will be on the last pages and no one ever see your ads.

I don't think 0.1% fees is very high, its cheap IMO. While people sell on P2P platform using his own price to gain profit. If you see someone sell crypto very cheaper than centralized exchanges, it must be a scammer. Be careful before buy on P2P platform, there're a lot victim got scammed [1]

Centralized exchanges is the best option to buy crypto with lowest fee, but you need to take a risk if your funds can be frozen, hacked or asking for KYC.

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[1] https://bitcointalk.org/index.php?topic=5269139.0

I agree with this, The seller would obviously go for the top of the list because he can get better than anyone below that, There are other things you can do to buy bitcoin for a lower price but it is not the most practical compared in buying on a p2p websites.

One of the possible scenarios I think of in buying bitcoin cheaper than a market price is to wait for someone who needs to sell their bitcoin in a rush state and in the same local place as you are. Sometimes converting bitcoin into fiat takes time and selling it lower into your local place in a rush state is a logical thing to do especially if the seller badly needed cash. This scenario happen rarely but it is possible since I have done it myself.

Truly, this would be what most people who wants to sell Bitcoin would do if they wanna do it as soon as possible. As per your experience, I also had this experience when I had to go though an emergency situation, I'm just left the choice of converting my bitcoins into flat so I could have cash on my hands right away.

Yeah, I also felt like it wasn't the case with international exchanges that the prices were fixed... I mean, that's what makes Bitcoin different, isn't it? I'm pretty sure that BTC price on reputable exchanges is set exactly by buy and sell orders. You're mentioning a possibility of being scammed, and I agree it's very real. But I do think there are notable exceptions to buying Bitcoin at the market price. Namely, there've been reports from countries with very high level of governmental control where Bitcoin could only be bought or sold on a government-controlled exchange at set prices which differed 10-20% from the international market prices (still not that much and probably inaccessible to people who are not from that country). Unfortunately, I'm having troubles finding those reports, so maybe even that wasn't the case. However, I remembered now that I've spotted something like this once on my local exchanges when the price of Bitcoin went down rapidly in March, and they have not adjusted their prices:

I think you'll find that P2P exchanges, e.g. LocalBitcoins, LocalEthereum etc, almost always tend to sell Bitcoin/Ethereum at a premium.

The only way you can realistically get Bitcoin at cheaper than market rates is under the following conditions;

1. Purchasing it from a dubious source, e.g. people trying to sell stolen Bitcoin quickly or get rid of tainted coins
2. Purchase in massive bulk OTC—a max discount of 1-2% is the best you can hope for here.
3. Purchasing forward contracts from a Bitcoin miner—but then you take on the volatility risk.

Other than these ways, there aren't many other ways (unless you count trading on leverage as buying Bitcoin for cheap.)

From my observation, competitions from buyers on some peer-to-peer can be quite exploitative. The prices displayed by those I traded with last year or so, are not usually the final prices. They tend to negotiate further below once you click to trade with them. I guess the buyers sell at higher prices on exchanges with fixed price for profits or they somehow sell at higher price on thesame p2p exchange.

Lots of the peer-to-peer exchange are still centralized though. I think what people should be using more is decentralized p2p exchanges or even the non-custodial "hybrid" ones (assuming they exist)

I'm thinking what if I bought a stolen bitcoins from hackers, would I be consider as their accomplice? If I know what bitcoin am I going to buy? I'm quite curious about it, anyways congrats to myself for getting it in cheaper price lol

This one is good, especially when you buy a huge amount you could safe a thousand of dollars with this.

This will take a huge balls from the contractor if he wants to sell it out right after he bought it, but in the long I guess it will still be beneficial.

The best that I can think of is buying p2p, buy to those who don't want to visit hit with exchanges.

Buying cheaper means to buy the dip. Period. Bitcoin price fluctuates quite enough to offer plenty of such opportunities.
Ah, and obviously don't play with too small amounts because then the fees matter too much.

P2P is good for privacy, but it has its risks too. But I'm not convinced it does help much on getting Bitcoin cheaper.

At this moment fees are very high. If anyone wants to buy from local market, she/he can able to to buy huge amount at cheaper price. It doesn't take fee from buyer. So, it is the best way i think.

Still the user have to send bitcoins to your right, if you are buying in huge quantity the trader never consider the fee but if it is going to be very less amount then he will reduce the total bought amount from the required transaction fee.And I don't think anyone wants to buy or sell in huge amount with their money will go for a local market because there are lot of risks involved when you are dealing with persons.

You'd be lucky if you can pick a price lower than the market price. P2P doesn't mean the coins and tokens there are cheap, its how the sellers are going to put sell order, no different form the CEX.  If I sell my BTC, why would I sell it for a cheaper price?  If you wanna buy cheaper BTC, then trade on BTC/USDT. It just needs waiting for dips. Easier said than done though.

It is true that P2P exchanges have the advantage of selling or buying Bitcoin for a cheaper price than centralized exchanges.
However, if you make transactions on P2P exchanges, you must use an escrow service, to avoid scams. Despite its apparent
promise, many people prefer to use centralized exchanges over P2P exchanges. Because usually the price difference is not too
far apart, so many people prefer which centralized exchanges has a much better security system.

I think to buy Bitcoin cheaper you should use the P2P exchange service at the major exchanges such as Binance, Houbi, Okex. If you are careful, you can buy USD and wait for bitcoin to go downhill and buy Bitcoin at a price you think is reasonable. Do not directly buy bitcoins via visa cards or low liquidity exchanges as this could cost you some unnecessary costs.

If you are lucky to see cheaper Bitcoin prices in a P2P exchanges then good for you.

Sometimes, picking a legit and trusted P2P exchange will help you. Binance P2P is good base on the reviews of the people who bought on that exchange. Either way, P2P transaction doesn't mean that you will buy it at a cheaper price. Sometimes they are more expensive than the normal trade. What's good in Binance P2P too is that there is no charges on it.

Basically you spent the entire publication describing the method used by p2p exchanges such as Localbitcoin, binance or coinbase, all these platforms allow p2p trading, personally one is better than another for any type of operations but to transfer FIAT money to BTC I think there is nothing better than localbitcoin. Regards.

If you are pertaining to a topic if there are situations on when Bitcoin's got a discount, I would think that it would not be possible since Bitcoin's value is always true and can't have any sort of computational value from it. We can always look at Bitcoin's value in a graph on where we can speculate on if the value can go higher or lower but that value is always true.

Though we can see some exchanges that might have different values for their Bitcoin but that also depends whether the fee they are going to use is equivalent if we really are saving money in buying from that exchange.

The P2P exchange is a good way to buy bitcoin cheaper sometimes but not all the time and it will depend on the behavior of the market. Where I frequently sell BTC, we have low exchange commissions which allow me not to lose my profit. For the use of escrow the commission is 0.4% and bitcoin withdrawal 0.0003. In addition to having the advantage of depositing a minimum of 0.0005 BTC for trader.
It is a secure platform for users because their bank accounts have to be verified. In addition to that they gain a reputation for the volume of trader. I speak of Cryptoway if in some of their countries it is available, try it.

P2P is still not ideal since scammers are using it to scam people. I always wait for exchanges promo especially in new exchangers they always have a discount or an additional percentage if you buy Bitcoin.
But im not saying to do it too,just sharing how i buy bitcoin in a cheaper way.

Such platform would surely be beneficial for users, specially when you are doing crypto to fiat and fiat to crypto transaction as those transactions attracts the most fees.
Rates of trading of crypto are getting lower and lower. The thing you should be aware is of transaction fees and for some exchange transfer, withdrawal fees. Spot trading is cheaper if you just want to convert one coin to another and among them decentralized offer better rate if you want to change coins to token of the same platform.

online shops not related to crypto have two versions too because i notice that some online shops have  products that are being sold by a big company and not by individual small sellers . i prerfer to buy on the other type so that we can negotiate the price to possibly make the deal lower and save more . placing ads is not recomended because the reason you buy on this kind of marketplace is to save  . you can just post your deal for free aside from searching for your prefered price

The peer-to-peer system is most reliable if not for the cases of scam recorded. In that form of trade, the traders get to negotiate price but then it is the very easy way to negotiate without the need for a middle man to oversee or regulate. Prices are set by the seller to suit his demand at that point in time.

Well there is a website where all cryptocurrencies like Bitcoin Eth Xrp and all valuable cryptocurrencies are available in 50% off . yes sir you heard it right. At first i also shocked. But i never tried it . The site name is crypto.com . In that website there is a platform named syndicate where every cryptocurrency is available in 50% off. You can crosscheck it.
https://ibb.co/f4G7WqK

( i shared this for knowledge purposed , Kindly do some research before step ahead.  Thank you )

One of my friend before sold me bitcoin for a much cheaper rate and this is the only way to buy bitcoin at a real discounted price. Know the best place to buy bitcoin at your place, some of our local exchange offer the same services so maybe there’s also a good offer in your area. You can use the top exchanges to buy bitcoin directly using your bank accounts so you can consider this as well.

Bitcoin is a decentralized in any where in the world.
The best way to buy bitcoins in a cheaper rate, is for you to do your research very well before you purchase your bitcoin, if the supply is much in the market or demand are less in the market  you will know.

You will notice that wise people always think about the future. They try to invest what they have earned in a place where they can make a good profit in the future. They are looking for a little short process although they know where the little ricks are. So I think considering all these reasons, they prefer Bitcoin to Gold. However, the number of people who will consider gold to be their safe resource from Bitcoin will not be less.

If you want to buy bitcoin for a cheaper price you have to wait when it's value fluctuates. We all know that it is volatile so we cannot predict whether when it's value will be at it's lowest that's why many bitcoin users hoards their coins and wait for the right time in which they can sell their coins into bigger and better price.

You made a nice point but am emphasising on  roles of stock exchange manager is to bring buyer and seller but a situations were their is know buyer what is going to be the outcome. And people has already invested in you or your platform.

Actually, that's what I usually do. You know, I find waiting for the price dips time consuming and risky because no one knows if the price really go down and do not rise instead. So to avoid missing opportunities, I hoard coins the moment I got money. I'm not bothered where would be my entry points because what matters the most is your exit points. You should make sure that you will hold persistently until you now able to make profits. As simple as that :). But take note, I think this method is only appropriate for hodlers because daytrading acuires more precision and meticulous decisions.

You won't get at a less expensive cost with the P2P Exchanges, since this is being done likewise as that of the exchange done on the trades towards the USDT pair. Here likewise brokers have their own net revenue, which will be over the market cost. As of late, I purchased a bitcoin when the cost was around $11200, however, what I paid was $11900. The distinction's been found in the net revenue set by the broker.

The potential methods of purchasing digital currency to be less expensive are through our discussion. Now and again individuals attempt to change from bitcoin to USD or to PayPal. One can utilize that, yet not the P2P trade for low-value purchasing.

very interesting what was said seemed something easy to do and sounded very sweet. but how to reconcile the two who need each other and there is no common ground and the price cannot match, is there a solution or does the token finally remain on the market until someone finds a common ground.

The last sentence of the OP is very interesting to digest that buyers can get a price much cheaper than buying on a regular exchange !! this seems very interesting how can the price be cheaper than the price on the market and how much cheaper so that we should be interested? because if there is a lower price, of course it becomes a question of how this can happen, can we guarantee that there is nothing we do not want?

All traders really want to buy cheap price on bitcoin and that's the method they can earn profit from buy low sell high tactics. The effective way to buy cheap is wait for the right time for bitcoin to go low in the market and that's gonna be the effective method there is.

It's just similar on buying in a certain exchange. Even in P2P, you can't always say that you could buy cheaper Bitcoin in it, because of its volatility. Let me give you a scenario, for example you bought 1 Bitcoin in a P2P that costs $23,000 but after you bought it, the price of bitcoin went down to $22,300. So it's not cheaper nor expensive, because of its volatility.
Either way, you'll just have to wait for the price to pump again to surpass the price where you bought your Bitcoin to gain profit.

Maybe you can get cheaper price to buy bitcoin in a p2p exchange, but do not forget that you should pay the transaction fee that could be bigger. So that will be almost the same as you buy at the other exchanges, and sometimes, you can get lower price and fee at the exchanges. If the gap of the price is not too big, for example, less than $30-$40, you do not have to bother with the cheaper because you will make a profit when bitcoin price increase and your profit are bigger.

That's not exactly cheap, on P2P exchanges you can buy Bitcoin maybe 2-3% less than the market price if you're lucky which is not that much specially in crypto market, you can just as easily make that much by just swing trading bitcoin for a few hours or less.

The only upside to P2P exchanges is for people that are looking for a more decentralized way to exchange their Fiat or whatever to BTC, and it's specially true for those who are trying to exchange bigger amounts that would require going through KYC on centralized exchanges.

It is really amusing to think that people would be willing to sell their bitcoin at a very cheap price. I always see people selling their bitcoins at a price which is higher than the price that they bought it for. Unless there is some bloke who bought the bitcoins at a dollar and then sell it at 3,000 dollars when the market price is 11,000, and take note that bloke should be willing to sell it at a price that seems winnable for the buyer but a total loss for the seller.

Right when you think about it, then what's the difference? I think it's the same, choose any price we want. I just realized, hehehe
What are the advantages and disadvantages that differentiate P2P exchanges from the exchanges we are used to?
why are things like this hardly discussed in more detail?

Usually p2p Transactions are more expensive than those on centralized exchanges. Traders have to take into account that before they can transact with the money they got from a trader the price will change.

It's acceptable for both parties because you're paying premium for more safety and more anonymity. Your coins cannot be held ransom because you haven't done KYC or something.