Best Rates

[Johnyz]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

P2P offer the best rate and when my friends selling their Bitcoin at a cheaper price, I usually deal with them but this kind of transaction is very rare and I have to deal with the rate of exchanges at all cost because I have to chase the price of Bitcoin and I can’t miss its cheaper price. If you do have local wallet in your place then it can be a great option since I’m using our local wallet and the rate is favorable to both parties.

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[MCobian]

I don't agree that P2P platforms can provide best rates compared to exchanges, because even on exchanges we can get the best rates too.
Because we can set the rate we want for buying and selling Bitcoin when using the exchanges. But if you want to avoid KYC procedure using
P2P platforms is the right decision. For now I am still comfortable and safe using centralized exchanges.

[mersal]

I don't agree that P2P platforms can provide best rates compared to exchanges, because even on exchanges we can get the best rates too.
Because we can set the rate we want for buying and selling Bitcoin when using the exchanges. But if you want to avoid KYC procedure using
P2P platforms is the right decision. For now I am still comfortable and safe using centralized exchanges.

Literally it is possible but how long it will take to complete your transaction is more longer and no definite time frame but on p2p platforms, you can find the traders with no issue at all but someone who wants to trade without completing KYC then they need to compromise the best rates because complete p2p trading platforms have lesser liquidity which makes the prices to be less favorable to the market price.

[TheUltraElite]

I don't agree that P2P platforms can provide best rates compared to exchanges, because even on exchanges we can get the best rates too.
Because we can set the rate we want for buying and selling Bitcoin when using the exchanges. But if you want to avoid KYC procedure using
P2P platforms is the right decision. For now I am still comfortable and safe using centralized exchanges.

I think it becomes a matter of choice with time and people become more comfortable using a P2P exchange or a CEX. For those countries where crypto is somewhat legal, people will go with CEXs because they can happily undergo KYC and transact without hassle.

P2P exchanges become more common with the opposite group. However there may be users in the previous group who might go with P2P because of custom rates.

Even then check and keep using both is a better approach than being stuck to one.

[el kaka22]

Best rate will always be person to person without a doubt and if you do bulk and have a bigger capital you are going to get a loooot more than you bargain for. For example, if you have a million dollars, and you want to buy bitcoin, you could find people who do not want government to know about their money and willing to give a big break to make that happen.

I have met someone on telegram who did exactly that, he had around 120k dollars ready and someone didn't want government to know about his money, so he gave 150k worth of bitcoins to him for 120k dollars, that is a 30k discount and all he had to do was claim it was profit on a waaaaay back bitcoin purchase and government charged him with 15% tax which was around 22.5k, with fee's and all he made about 5k profit from that legit. He could have made a lot more if he wanted to hide it, but that dude made 5k+ profit while keeping everything legal at the same time.

[viananda2525]

P2P offer the best rate and when my friends selling their Bitcoin at a cheaper price, I usually deal with them but this kind of transaction is very rare and I have to deal with the rate of exchanges at all cost because I have to chase the price of Bitcoin and I can’t miss its cheaper price. If you do have local wallet in your place then it can be a great option since I’m using our local wallet and the rate is favorable to both parties.

bitcoin peer to peer transaction now very rare, traders prefer sell or buy bitcoin on conventional exchanges like binance or others. using exchange  services will help them to make another transaction and also it have feature margin.

I don't agree that P2P platforms can provide best rates compared to exchanges, because even on exchanges we can get the best rates too.
Because we can set the rate we want for buying and selling Bitcoin when using the exchanges. But if you want to avoid KYC procedure using
P2P platforms is the right decision. For now I am still comfortable and safe using centralized exchanges.

set buy and sell order could help us to find best rate in our transaction. we have to use trusted peer to peer platform or they will scam our money.

[FanEagle]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

Even I am already into peer to peer trading for years,  I'm not checking that I am getting best rates because I'm simply going for the best available rate from the order books. Basically I am not a trader still I am actively buying bitcoins for long-term purposes hence I never check for best rates in markets but simply going with available one.

you could always set your own buy/sell offer and wait.

If time factor is not a criteria here then definitely anyone could get the best of best rate for sure .
In my opinion, p2p trading is not for active traders. It is only for the people who are buying and selling once in week kind of timeframe.

[Tingtong]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

If you want to trade first i tell you can like binance for exchange. You want to buy short time or long time. If you want to buy for long time i tell every time is best. Cause every time bitcoin price increase. If you want short time invest you follow bitcoin price chart.

[redsun114]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

If you want to trade first i tell you can like binance for exchange. You want to buy short time or long time. If you want to buy for long time i tell every time is best. Cause every time bitcoin price increase. If you want short time invest you follow bitcoin price chart.

Are you sure binance will get them cheaper bitcoins? They are basically here for the best rate which means possible cheaper prices for bitcoin at any given time. This is kind of demand from active traders who want quick profits on both the sides (buying and selling). They will buy cheaper than market and then sell higher than again market prices; I guess only viable platform for the must be peer to peer trading. Because, all exchange platforms are just reflecting what is exactly going with bitcoin markets but only on passive way of trading, we can demand for more.

Some exchanges some times may show cheaper or higher prices than other other exchanges but that will not be sustaining all the times as traders will converge the gap by making use of arbitrage trading.

[Rodeo02]

I don't agree that P2P platforms can provide best rates compared to exchanges, because even on exchanges we can get the best rates too.
Because we can set the rate we want for buying and selling Bitcoin when using the exchanges. But if you want to avoid KYC procedure using
P2P platforms is the right decision. For now I am still comfortable and safe using centralized exchanges.

As I understand in P2P in the price you want it to sell . It's only depend on the buyers if they want to grab it base on your price. while in centralized exchange can only give you good rate if the price increase the day you sold it.

The only difference is you can directly sell it in exchange while in P2P you need to wait for buyers for the coins you are selling .

[illnino]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

I get this information on Coinmarket. Then, I check several exchanges I use for my operations. The rates there are compared (the reviews on the services are also checked). Everything is simply — just take some time to do it.

[tippytoes]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

I get this information on Coinmarket. Then, I check several exchanges I use for my operations. The rates there are compared (the reviews on the services are also checked). Everything is simply — just take some time to do it.

But when it comes to converting your crypto to your local fiat, your options are limited as very few local exchanges will provide that kind of service. Unless, you are converting it to USD, in which a lot of popular exchanges are catering that to their customers. But to check how my local rates are doing as compared to global market, I usually compare it to coindesk's prices. Just to get how far or how below they are selling and buying.

[CryptocurencyKing]

It's always been peer 2 peer with me, I've thought of transacting with locals a few times but, their percentage charges is always high, coupled with the charge it would cost me to transfer from my Electrum wallet to the local's wallet. Either way it is, the cost is relatively too high so, there would be no point for running such transaction and i'm yet to get an offer that would be so tempting than the offers I've been receiving. Else, I always stick to what I'm used to and it's been okay so far.

[maxreish]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

We have local exchange wallet that I usually buy, sell and store my btc. It was certified by BSP (Banko Sentral ng Pilipinas) and one of the trusted crypto wallet in our country. Though I also consider peer to peer but just to those trusted and whom I know so i won't get scam if ever.

Coinbase or other big exchange can also be one good choice for buying and selling. Of course fees, kyc are needed but you can actually buy and sell with those reputable crypto exchanges without a problem.

[ningrum]

I know this will depend on where you are, but where do you get the best rate for buying and selling bitcoin?

I take it pure peer to peer would be the best.

In general, are places like localbitcoin better than the large exchanges like Coinbase?

peer to peer fees more expensive, and I don't like it, I always buy Bitcoin on the exchange mate,
Binance, Bitrex or Huobi exchanges there the Bitcoin price has a high volume,
so don't worry about the spread in the order book, and the fee is also small.