Easy way to accumulate BTC while still Hodling.

[adzino]

Hello guys and gals,


I have been looking into strategies and solutions on how to accumulate BTC for the halving and have been using Vertex.Market (https://vertex.market). They are an interesting P2P trading platform like Paxful and LBC, but they have a great feature that allows you to trade from your own wallet and not have to send tokens directly to their platform. I have been doing it for two weeks now and have made gains with PayPal and just bought back into BTC on the platform, taking 3-5% profits per trade. They also have a promotion this month where you earn $10 in BTC for every trade over $100.

Please do your own research on the platform, but let me know what you think in the comments.

BTC TO THE MOON.

Lol. So you are just trying to promote your own website/platform. Why don't you just open a thread in announcement section and announce your service? Why are you "pretending" to be a user of vertex and asking about reviews? I am sure you know  everything about the platform and since you are already using it, does our review really matter to you? You are making your platform sound more fishy to be honest.

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[redsun114]

The problem with Vertex is similar to what other P2P platforms are having. No Bank transfer option by default. For example, In India to sellers, all of the sellers are paying in Revolut or rarely Paypal, Common man will not take both as there will be fees or other hurdles when you take money into these. If there is a support team and also bank transfer as option then we may see some usefulness of Vertex.

Yes, even I can't see direct bank transfer option available onto the exchange and it might be a disadvantage of using vertex market because most of the traders would prefer direct bank transfer so that they could easily buy back the coins with direct bank transfers if needed and also it does not accumulate any hidden fees.

Vertex allows us to directly buy or sell our coins with variety of buyers/sellers listed there but yet I am not sure about the transaction time as usually P2P exchanges take some time processing the transactions which depends on the availability of the buyer/seller. We traders need fast transactions so that we don't skip any price change to fill our profits.

[OGEOS]

The problem with Vertex is similar to what other P2P platforms are having. No Bank transfer option by default. For example, In India to sellers, all of the sellers are paying in Revolut or rarely Paypal, Common man will not take both as there will be fees or other hurdles when you take money into these. If there is a support team and also bank transfer as option then we may see some usefulness of Vertex.

If a user wants to sell BTC for fiat via bank transfer they can. The option is available there. There are also many international bank transfer offers available on Vertex.

I don't have a complete idea about the vertex exchange, for bank transfer how long it is going to take in order to receive the payment from the vertex exchange. I think there is no other exchange providing such opportunity to the people who are converting their BTC to their concerned fiat currency. How many countries are they transferring the fiat currency?

There are offerings from around the world. Where are you located in the world? I can find an offering in your country or region. Local bank transfer are instant, but international bank transfers can take a couple of business days, depending on the provider you are using.

[OGEOS]

The problem with Vertex is similar to what other P2P platforms are having. No Bank transfer option by default. For example, In India to sellers, all of the sellers are paying in Revolut or rarely Paypal, Common man will not take both as there will be fees or other hurdles when you take money into these. If there is a support team and also bank transfer as option then we may see some usefulness of Vertex.

Yes, even I can't see direct bank transfer option available onto the exchange and it might be a disadvantage of using vertex market because most of the traders would prefer direct bank transfer so that they could easily buy back the coins with direct bank transfers if needed and also it does not accumulate any hidden fees.

Vertex allows us to directly buy or sell our coins with variety of buyers/sellers listed there but yet I am not sure about the transaction time as usually P2P exchanges take some time processing the transactions which depends on the availability of the buyer/seller. We traders need fast transactions so that we don't skip any price change to fill our profits.

Vertex charges 1% fees, but you can get that reduced to 0.1% if you stake the native VTEX token. Transaction times can be instant depending if it is a local bank transfer. I have had trades completed in 10 minutes, and other times up to 12 hours depending on how long it takes for the seller to receive the funds etc.

[OGEOS]

I think this is not the easy way to accumulate BTC while still holding cause I'd rather stick to use reputable trading sites. You may have now positive review but how long would it last? It's hard to risk the newly created platform. We can still gain some satoshis by buying or selling it at the right time.

There's not much risk in trying out new sites with small money. Maybe their promo of rewarding you for every 100 dollar trade will happen to be profitable.

If you're really trading from your wallet and their fees aren't very high it could be a good alternative to centralised exchanges. I haven't tried them yet but i'm interested.

PM me and I will set up your $10 kickback incentive mate.

[Hypnosis00]

Just to remind, PayPal is not crypto-friendly (unless you sell a hardware wallet with cryptocurrency on it and have a proof of shipping it).
It is not friendly towards any sort of digital goods in general (there had been many cases that someone sold eg. World of Warcraft very valuable account via PayPal, and soon lost a chargeback case against the buyer who then got back both money and had ownership of account).

I'm having a hard time too to transact whenever PayPal involved. I prefer to just use crypto or transfer via online payment that PayPal. And it's been long I tried to use other platform. We need to have our own strategy and see whether it's better if we use other platform if our skill isn't enough.

I've been using PayPal to move my Bitcoins to the other wallet and it all be fine but I'm not sure if we are using other than of Bitcoin. And I don't why it doesn't work with you mate. It may be because of the origin/or the place where you come from.

Back then, accumulating bitcoins while in trading is not hard to do if you have enough money. A lot of platforms that could help us, it all depends on our preferences.

[Yatsan]

Just to remind, PayPal is not crypto-friendly (unless you sell a hardware wallet with cryptocurrency on it and have a proof of shipping it).
It is not friendly towards any sort of digital goods in general (there had been many cases that someone sold eg. World of Warcraft very valuable account via PayPal, and soon lost a chargeback case against the buyer who then got back both money and had ownership of account).

I'm having a hard time too to transact whenever PayPal involved. I prefer to just use crypto or transfer via online payment that PayPal. And it's been long I tried to use other platform. We need to have our own strategy and see whether it's better if we use other platform if our skill isn't enough.

I've been using PayPal to move my Bitcoins to the other wallet and it all be fine but I'm not sure if we are using other than of Bitcoin. And I don't why it doesn't work with you mate. It may be because of the origin/or the place where you come from.

Wait, what? moving your bitcoins to another wallet using Paypal? When was this started? As far as I know Paypal does not support any cryptocurrency even with giant, bitcoin. And the only thing you could do with paypal here in crypto space is a wallet receiver for your sold crypto in coinbase, so that will be in fiat and has no problem with paypal.

Back then, accumulating bitcoins while in trading is not hard to do if you have enough money. A lot of platforms that could help us, it all depends on our preferences.

The platform would be helpful if the OP did not played it too safe for himself, everyone is right you don't need to be shy promoting the platform you were involve. However there is already a high competition in DEX, perhaps you have great deal for your potential users.

[_AlexX]

I am a bit late to the show. I am the CEO of Vertex Capital and Vertex.Market, which is our product.

First of all, everybody who said that trust is the most importnat thing, is in my opinion right. There is no doubt.

How does a platform gain trust? Google Adwords, coinmarketcap banners? No. Its proven that you do not.

The community and its feedback is a huge asset and very important to us.
Bitcointalk is exactly the place where trust can be built and should be built. How can a product become strong and ready to be unleashed to the wider public if it fails within the community?

We are also not here to replace localbitcoins. We couldn't if we wanted to. They are a pillar and an established business. We have signed with big otc dealers that previously used localbitcoins deals to use vertex, but its not a competition.

Main differences:

- Multiple Currencies
- Non listed currency trades possible
- Wallet to Wallet
- Lower fees
- Scam Insurance backed by lloyds of london syndicate (feb 20)
- Loss/theft Insruance backed by Lloyds of london syndicate (feb 20)
- SpaceX Shares (feb 20)
- Aramco Shares (feb 20)
- Various other asset tokenizations coming
- Streamlined process WITH NO CHAT!
- Multilingual (not switched on yet as we are still translating big parts)
- guaranteed 24h response time support

we have a 7 figure marketing budget to be released but we refuse to take big money for marketing, while we are working with the community.
Our main campaigns will start in Feb, after we reached expected 5% of the market cap in OTC retail trading.

and one more thing: I rather give every single user in this forum 10 USD in their wallet than 10 cents to google (if I could). This is why, we also rather want to use budget for referral marketing than direct google marketing.