Why would you send thousands of bitcoin in centralized exchange if you don't want your information to be disclosed? I mean if I got 1000 bitcoins I'll make hundreds of transaction to avoid being seen at least by these block snipers lol and as far as I know there are limits on account with centralized exchanges that's why they have this verification, I don't know how much exactly but a user who is non verified can only have 1btc in total, for example.
A bear market can come on suddenly meaning for example those 1000 bitcoins at ATH prices of 20k could drop down to 1k on the next day so selling it slowly in hundreds of transactions is not viable otherwise you can make a loss due to markets outpacing you. Timing has to be quick when it comes to selling and buying.
For a big transaction like what OP is trying to ask us I think it should be done OTC so it wouldn't be seen or make any BTC dramas,
Or maybe do it little by little but it would cost too much fee if you want to stay anonymous.
I believe that those big transaction are staying hidden from the trading sites they usually do it OTC.
What is OTC? also is there OTC in main cities in UK like London or Birmingham or is it online?
There are a few decentralized exchanges where you could sell off a few of your BTC without having to worry about them getting hijacked
1.
https://bisq.network2.
https://localcryptos.com3.
https://hodlhodl.comBut there's a problem
- Decentralized P2p exchanges - No worries about your money getting Hijacked but no volume liquidity but it's possible to sell all the 1000 BTC over time.
- Centralized exchanges - Great volume Liquidity but lots of risks on your money getting hijacked
I would go with p2p marketplaces and then keep selling off my BTC little by little until I finish it up all rather than risk some of it getting locked up.
Is Uniswap P2P or a decentralised exchange and is Uniswap better than the ones you list above?
With the decentralised route am I only limited to sell for USDT tether. Can I sell for my localised fiat currency in my country?
Help anyone?
Hi coming back here what's the best way to sell bitcoins backed up by good volume liquidity without using the centralised exchanges route?
Localbitcoins is P2P correct? If so aren't they centralised is some way where they can limit access to your local bitcoins account correct?
You can only exchange btc for stablecoins like USDT tether correct on DEX? What if theres a scandal in stable coins or governments go against stable coins like they are doing to ripple now? That means stablecoins are risky?
[moderator's note: consecutive posts merged]