Is it possible to trade WITHOUT exchange?

[xvids]

You can trade without exchange but I don't know if someone already did this through Linux command.

If you want to trade without exchanges you can start to trade in this section https://bitcointalk.org/index.php?board=53.0

Or trade in your local area to avoid fees.

Yes most of the high amount transaction is being done offline AFAIK .
I have few friends who are holding some huge amount of crypto and every time that they want to dump or buy more than 10 BTC they would do the transaction offline to avoid the fee from trading sites.

[Sohyun Park]

How will one get the counter party to execute his/her trade?
What about the security?
Everyone is not good at linux. What do they do?  

[stellgod]

Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.

LOL, like seriously I don't know know what's wrong with some people today. Okay, this is the second time I'm seeing someone ask whether they can trade without exchanges to avoid paying fees or maybe find an exchange that they can trade for free without paying any fees at all. Like what is wrong with you all… Why do you keep asking this question? You can't trade without an exchange they are very important and they provide security as well. And as for the fees they charge, well, you can't expect them to do all that work for free, and most of them have employees that they have to pay as well.

[Vishnu.Reang]

Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.

Bitcoin may be programmable. But fiat cash is not. So how can you trade Bitcoin for fiat, without any third party (i.e exchanges) or escrow? If you are so concerned about the trading fee, then you should try using DEX sites. I guess more than the trading fee (which can be as low as 0.1%), you are more concerned about the withdrawal fees.

[izanagi narukami]

its same as many things go if you want to sell/buy something you should know or find someone who is also looking for buy/sell and will be trustable assume someone agrees to buy and you send bitcoin what if he runaway or other way round , don't try to avoid the brokerage or trading fee  and lose more just search some good platform and exchange

Before I trade on exchange, I'm trade on trusted guy over 5 months
It's simple and fast , but yes the risk if suddenly he vanish because in transaction, I must send him first before he give me fiat

[bettercrypto]

Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.

Yes! Barter trade. But not actually the obsolete type of barter trade. You can use some social media app to make some deal with people who have tokens that we want to buy. However, without having a third party like escrow services will lead us to a scam transaction. That is why exchange have been created. In order to have a direct buying and selling within the traders. We can`t avoid fees because that will be used also with their development and maintenance.

[RealMalatesta]

Kinda possible. You can buy coins on some websites focused only on it (like buycoinnow.com or something similar) and then hold them till the time will be right. But in the end, you will have to register on exchange after all.

Would that not be too cumbersome to do, having to open different website because I want to trade some particular coin, Imagine I want to trade about 10 coins, which means I must have an account on each of them, and when it comes to trading, one has to consider the time of executing a trade, before you get to toggle between all the website and login in, time would have gone for you to take execute some order.

I think the best would really still be an exchange, and come to think of it, why would someone not even want to use an exchange to trade since they have the database of most  coins in their platform, which will make it very easy for such trader to quickly pick any coin of his choice. What needs to be done is just to ensure that the exchange is a reliable one and that which has a very low trading fee like that of Binance.

[Polar91]

Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.

Of course not; it doesn't work like that. There should always be a third party/middle man between the buyer and seller as it's backed by users and not by a person or an institution. On the other hand, we can't avoid fees for making and exchange since you are using their software/app to act as an escrow between you and a buyer/seller.

[FanEagle]

I think there was this new trade going on via some google chrome extension and it was looking like it was a great innovation.
I don't remember the name of it at all but at that time it wasn't liked by many people because of the security risks. There was no middleman involved and there was no need for it, you put your order there and someone buys it and thanks to the chrome extension it was switch from yours to theirs, kinda like the eth wallets we have like mew and metamask and so forth but with the option of trading as well.

If that were to happen today with good security I bet they would get so much attention however even mew and likes gets hacked once in a while so its a very very risky one, that is why exchanges became so big since they are much more trustworthy.

[MonsterV]

its same as many things go if you want to sell/buy something you should know or find someone who is also looking for buy/sell and will be trustable assume someone agrees to buy and you send bitcoin what if he runaway or other way round , don't try to avoid the brokerage or trading fee  and lose more just search some good platform and exchange

right, not only that. Exchange is a service that brings together sellers and buyers, it is impossible for everyone to look for sellers and buyers themselves, even if they can be trusted. Well, the exchange emerged as a solution to serve between sellers and buyers.

We will look foolish when we sacrifice some transaction costs with security obtained from trading in exchange. Maybe people who don't want to use exchanges will cry when they lose money.

[Bezobraznike]

I think there was this new trade going on via some google chrome extension and it was looking like it was a great innovation.
I don't remember the name of it at all but at that time it wasn't liked by many people because of the security risks. There was no middleman involved and there was no need for it, you put your order there and someone buys it and thanks to the chrome extension it was switch from yours to theirs, kinda like the eth wallets we have like mew and metamask and so forth but with the option of trading as well.

If that were to happen today with good security I bet they would get so much attention however even mew and likes gets hacked once in a while so its a very very risky one, that is why exchanges became so big since they are much more trustworthy.

   When there are security issues why would anyone use it? In the end, when you deal with money you need to pay attention on security more than
on anything else. Trading is arrangement between to people, if you wish to trade you need a place where many people wish to do the same. Volume
is important, you can`t trade alone with yourself.
   Exchanges with high volume and good security are the best places for trading.

[emberbekas]

Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.

Exchange is a place where sellers and buyers gather so that the process of trading will be easy to conduct. Indeed, we can trade without involving third parties, outside the exchange. However, we will face many obstacles. The seller must find the buyer himself and vice versa. Not to mention the problem of trust!

[Vispilio]

It's certainly possible to trade almost all altcoins that have a smart contract functionality completely peer 2 peer, and it's proven to be a

very welcome competition to exchanges, forcing most crypto exchanges to get their act together and focus much more customer satisfaction.

[nydiacaskey01]

It is possible but it will be peer to peer, and most likely face to face if you dont trust the buyer or seller. Also, its hard because you only have 1 prospective buyer unlike selling through trading platform, there's a lot of then waiting for a coin to be sold at a low price. Also, consider the risk of trading without using a trading platform and personally trade face to face. You don't know who you are going to deal with.

[Twinscoin2017]

It is possible but it will be peer to peer, and most likely face to face if you dont trust the buyer or seller. Also, its hard because you only have 1 prospective buyer unlike selling through trading platform, there's a lot of then waiting for a coin to be sold at a low price. Also, consider the risk of trading without using a trading platform and personally trade face to face. You don't know who you are going to deal with.

Yes i agree on that it is posible but we need to do it in face to face for assurance. Specially there are a lot of scammer on the crypto feild now a days. So i think it is mpre safe when we will do it in face to face if we do it without any exchange. Bit i think everything will be limited because we cannot trade it to other country for safety reason.

[RealMalatesta]

Since bitcoin is programmable, is it possible that many people just trade through command line under Linux? This way, we could avoid fees related to exchanges.

Exchange is a place where sellers and buyers gather so that the process of trading will be easy to conduct. Indeed, we can trade without involving third parties, outside the exchange. However, we will face many obstacles. The seller must find the buyer himself and vice versa. Not to mention the problem of trust!

I think this is one of the most common issue with DEX exchanges that would have been useful in this regards, your trade end up staying too long without having any buyer for it immediately, and the one you can get buyers for, they price it to the lowest like there is no tomorrow. We can never overlook the importance of centralized exchanges in this matter, they have been of great help to us and they are the reason why our trades get concluded as quickly as possible.

Although the only fear of people as regards this is because of their centralized nature, many people feel their information is not safe with them, and there is still a way they can still get the government to know the full details about their transaction which is quite against the law of decentralization.

[matt7]

Actually, it is possible. You can easily purchase some coins at some platforms, but if you are a trader you will have to transfer them to exchange. So imo the better solution is to immediately invest in exchange

[cered]

Actually, it is possible. You can easily purchase some coins at some platforms, but if you are a trader you will have to transfer them to exchange. So imo the better solution is to immediately invest in exchange

Right, it is so much easier when you use exchanges, that is better option for me

[Mehr Sher]

You can trade via Trading Broker, but more importantly it’s about working with a quality one. I prefer doing this only instead of going for exchange, as that’s sort of getting stuck. It’s where trading via broker is so important and makes so much comfortable with things and is one major reason I have that as preference. One should always try to go for doing things that we are comfortable with doing everything because that is how we will be able to gain well.

[LeGaulois]

...

Exchanges platforms are trustless, you can't rely on it 100% Because using it, you put yourself at risk to lose money/coins, either if the site is hacked, seized, IT failure, and so on... Not even talking your account can be limited/suspended and it can be a nightmare to get your capital back. Or another story could be à la MtGox, brief, there are plenty of things to consider. People can remove most of these risks by using decentralized exchanges.

Fees are inevitable unless people agree to use a broken website with a free hosting package. Infrastructures have a cost, workers, too.