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Author Topic: decentralized exchanage for p2p  (Read 237 times)
coinerer
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August 12, 2023, 11:59:20 AM
 #21

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Dex for KYC? Or do you mean Cex?

You should know that they’re some cex out there that allows users to trade without having to complete KYC verification but the only drawback is that you’ll have a limit to the amount you can withdraw daily from the exchange and if you wish to increase your limit then you can undergo KYC verification.

Current list of exchanges without KYC

Op ask for p2p service every exchanger ask KYC for p2p service. p2p trade is done customer to customer so it definitely needs kyc verification. otherwise, it will not be possible to take any action against someone who scams. And I don't know how DEX will work for p2p.  However, I personally support mandatory kyc rules for p2p services for every CEX exchange


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August 12, 2023, 03:35:49 PM
 #22

Op ask for p2p service every exchanger ask KYC for p2p service. p2p trade is done customer to customer so it definitely needs kyc verification. otherwise, it will not be possible to take any action against someone who scams. And I don't know how DEX will work for p2p.  However, I personally support mandatory kyc rules for p2p services for every CEX exchange
Nope, P2P not definitely needs KYC verification in order to prevent scam, the P2P site will become the escrow since you transferred the money to the wallet integrated with the P2P site. So when the seller already give the money or coin to the buyer, the buyer can click to release the money otherwise it will automatically released as long as the seller has an enough proof if he already send the money first.

It's Agoradesk, one of trusted no KYC P2P.

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August 12, 2023, 03:42:42 PM
 #23

Nope, P2P not definitely needs KYC verification in order to prevent scam, the P2P site will become the escrow since you transferred the money to the wallet integrated with the P2P site. So when the seller already give the money or coin to the buyer, the buyer can click to release the money otherwise it will automatically released as long as the seller has an enough proof if he already send the money first.

It's Agoradesk, one of trusted no KYC P2P.
I am sorry but must ask to learn these things. If there are any 3rd parties involved to escrow the funds or for whatever reason, does it remain original P2P? The original P2P is supposed to be you and me, no one else should be involved there. But, I agree that Agoradesk is better than centralized exchanges like Binance.
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August 12, 2023, 04:04:24 PM
Merited by Shamm (2)
 #24

sorry mate, thats not entirely what I intend in writing, I think I missed out the NOT I wanted to add to that statement and I have duly corrected it. Sometimes we type and make minor errors and for the record I won't advice anyone to actually save their coins in any exchange as I do use them myself for only the function of exchanging your coins. For storing of assets, I think there are couple of good non custodial wallet I would prefer than a third party CEX wallet.
This is why other forum members tells us to double check or even triple check what we are going to post. Well, it's good enough that you explained why you post that instead of adding "NOT" to your post because many forum members will be able to read it and this information might be what newbies will learn when we know that storing coins on a platform that is managed by a group is not a good practice and it is not 100% safe.

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August 12, 2023, 04:22:00 PM
 #25

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for Kyc p2p ?

https://hodlhodl.com/, agoradesk and https://peachbitcoin.com/ are P2P exchange I have positive experience for decentralized P2P aside from Bisq. Most of them has less competitive rates but worth it considering how you can dodge KYC and use a p2p platform without relying on a centralized service.

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August 12, 2023, 04:27:43 PM
 #26

If there are any 3rd parties involved to escrow the funds or for whatever reason, does it remain original P2P? The original P2P is supposed to be you and me, no one else should be involved there.
Valid point there, if there is a third party/escrow, it is not peer to peer, that is the perfect interpretation of what p2p is. Actual Decentralized exchanges like bisq don't get involved as an escrow in the trade, the two traders conduct the trade peer to peer and the both of them are in control of the funds. The only time that bisq would get involved in the trade as a sort of escrow is through mediation/arbitration, that's if there is a dispute to settle.
I think the two CEX he is talking about are the forum and the Bisq exchange, as he stated below.
The forum is not an exchange, and what the op was saying doesn't happen in bisq, which btw isn't a cex.

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August 19, 2023, 11:17:22 AM
 #27

Most members of this forum know the dangers of KYC and Centralize exchange, so will try to avoid the use them, especially when there is a decentralized alternative, in the case of p2p there is a high chance of being scammed especially when you don`t know the person, though top CEX may not be entirely secure they still offer some protection for this. Also, DEX like Bisq exchange offer protection for this, and this forum offer a place for p2p.

Question
These are the only two legit DEX I know for p2p and so I will like to know another DEX that is good for Kyc p2p.


In Binance p2p a third party will escrow your fund so that you will not run away with the fund when you receive payment, that is a way of protecting their customers. You can get scammed on p2p only when you release your fund without confirming that you have received your payment

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August 20, 2023, 07:57:02 PM
 #28

If you live in Europe or in some other countries, you can try swiss exchanges. Because unlike many countries Switzerland has a legislation allowing people to buy or sell cryptocurrencies without KYC below a rather high amount (about $1000 per day). So you can buy or sell your cryptos there safely without the threat of a nasty KYC surprise if you respect the limits.
You can try : Mt Pelerin, Bity, Relai, Bittr, Peach
https://www.mtpelerin.com/faq/how-to-buy-bitcoin-in-switzerland

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August 20, 2023, 08:41:53 PM
 #29

Most of those DEX are not working in Mobile phones and the total number.of people that use bitcoin are using mobile phones so the number that use those DEX are not much to the CEX because most of the CEX are using Android Version. Like in my country we use the CEX more. Me personally have tried to download of the DEX but they don't work even in the laptop. though I was told that it is because of the OS version in the laptop. Since you are talking about how to avoid CEX, you can use p2p transaction in your side. With that there will be no KYC.
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August 22, 2023, 01:44:27 AM
 #30

Most of those DEX are not working in Mobile phones and the total number.of people that use bitcoin are using mobile phones so the number that use those DEX are not much to the CEX because most of the CEX are using Android Version. Like in my country we use the CEX more.
People use mobile devices more than desktop or laptop and developers know that.

If you are old, you would prefer desktop but if you are young, you would like mobile devices. I do neither use my mobile devices to store my main wallets nor use it to trade with my exchange account that has big capital of mine. It's risky in security, privacy as well as safety for my capital. With small screen on mobile devices, there are more risks to make mistake with your typing, tapping, trading.

Quote
Me personally have tried to download of the DEX but they don't work even in the laptop. though I was told that it is because of the OS version in the laptop. Since you are talking about how to avoid CEX, you can use p2p transaction in your side. With that there will be no KYC.
Not all decentralized exchanges require you to download their softwares. If you download and use them on your computer, always use Tor connections.

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August 22, 2023, 12:56:44 PM
 #31

The only p2p platform that I use is RoboSats and that is for a number of reasons.

1. You can run it completely within the Tor browser. No need for an entire software download that only does one thing like Bisq. This is NOT a dunk on Bisq at all. Bisq is a great service but Tor browser is more than just a p2p exchange.
2. You can easily generate and destroy a robot alias/username. In fact, just like bitcoin addresses, RoboSats aliases are best when they are only used once. This is an incredibly important feature imho.
3. You can buy with more payment options than other platforms and if you use Amazon gift cards, you don't need to email it to other users. You can give them the code directly so you don't have to worry about email ID being leaked.
4. You can receive on-chain or on lightning. Using LN can add a layer of privacy to your buys.
5. Smart contract maker bonds are used to minimize the need for trust in centralized third-parties and reduce spam and other bad actors.   
6. After you have completed a trade, you can delete everything and start all over again. It's so beautiful.

Once you have used it enough times, you realize that it truly is the best way to stack sats privately.

Learn more here: https://learn.robosats.com/
View their order book on clear net: https://unsafe.robosats.com/ This is not private at all so don't make trades unless you're using the Tor browser.

I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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