Buying BTC - P2P vs Exchange

[ScotiaInvest]

I'm gearing up to start investing in BTC and possibly ETH.  I see there are P2P sites such as Bitbargain for BTC and exchange sites such as Coinfloor.  When it comes to cryptocurrency, is one route better than the other (e.g. additional layers of security) or, as long as you choose a reputable site, is it basically six of one and half a dozen of the other?

[1714222640]

1714222640

[bwells88]

If you are in the US, use a trusted exchange like Coinbase (GDAX) or Gemini. It's just so easy.

[coinspam]

I'm gearing up to start investing in BTC and possibly ETH.  I see there are P2P sites such as Bitbargain for BTC and exchange sites such as Coinfloor.  When it comes to cryptocurrency, is one route better than the other (e.g. additional layers of security) or, as long as you choose a reputable site, is it basically six of one and half a dozen of the other?

Never ever heard of those sites. The only big major one I know starting with Local******* I wouldn't recommend as they are a ripoff when you withdraw.

[DaMut]

For me buying Btc on P2P site is more comfortable and easy other than buying it on exchanger.
But buying it from other users directly make it even more comfortable,right now i do not have trust left for exchanger to hold my coin or buying it in there,a lot of problem happened when you try to buy it in there.if you buy it in a huge sum of money,they will ask you about it and documents which is they can easily track you down.
It's like they need to know about how much our money and reporting it,who knows what will happen if the goverment know about it ? Even if they regulated under law,they can not guarantee our money and assets in there.

[banake]

You can buy BTC on P2P exchange: https://remitano.com
I bought over 10 BTC via this site
This is good site bro

[ScotiaInvest]

Thanks for the replies.  Yeah I'll need to do some more research to find what route suits me most.  Bitbargain state they don't charge if you're buying BTC, it's the seller who has the costs.  However they also advise:

'However, sending a bitcoin transaction out on the bitcoin network may require a transaction fee not by BitBargain, but by the bitcoin network itself. Depending on the number of unconfirmed bitcoin transactions and the estimated time needed to confirm quickly, we may offer different options for your withdrawal. If there is no backlog of many unconfirmed transactions, we take on the costs of the transaction and you have the option to not pay a transaction fee.'

It's not 100% clear to me what they'd charge so if I'm thinking of using them I'd likely email them first to get some clarity on their fees.

[ivakar]

My personal vote would be for  Exchange
though exchange  rate might a little worse then P2P - but that just seems more secure to me. it kinda a company at least..
so if the amount is more that 3-5btc I would definitely choose exchange office. for ease of mind not too be scammed

for lower amounts = maybe try localbitcoins and trade with high rep salesman
but that's me