Buy bitcoin more fairly

[ALGM]

Good afternoon, my name is Alberto and I want to change the way cryptocurrencies are used.

I have been thinking about the bitcoin community, I love technology and I love the power that cryptocurrencies give us as well as the responsibility that they bring.

I am super angry how huge exchanges make money at the expense of silently stealing from me and all users

When you buy on Binance or any exchange, they sell you the btc at a higher price and you don't realize it, until you investigate the market price, then they take a commission for your purchase, so after overselling you, they also take away a commission and at the same time It's time to sell, don't even mention it, they buy it from you at a lower price and take away the commission for the sale, this is outrageous, a new user who doesn't know about the subject will say well, that's how it is and it discourages him, he sees that he invested money and they give you very little of what you have invested, it happened to me, I have been in this for years and many who are, hate traditional exchanges, and the truth is I want to contribute to the community in this regard.

I really want to give the power to users to be able to buy directly from each other, between the community and at fair prices, saying “someone who wants to sell me 1,000 in BTC” and another user from the community saying “I'll sell you” share the link and that's it.

That is why I have created this p2p exchange https://cryptoexchangep2p.com/ to buy and sell at market price directly with the BTC community and without commissions for buying or selling.

When a user sends his Btc to sell to the platform, he receives it, once he receives it the post activates and you can now share it to buy, you wait for the buying user to send you the screenshot of the receipt (you will also notice that you received a bank transfer out of nowhere) and you will receive an email notifying that someone took your offer for you to release the bitcoins, once released they pass into the power of the buyer, and the buyer has to remove their bitcoins to a Wallet that belongs to them

I want this to be used by the entire community (I currently have the site with the Mexican currency but if you want operations to be done in USD I can change it, just contact me through the website and tell me) to make the ecosystem a better place

Learn more about the project https://cryptoexchangep2p.com/about/

[uneng]

When a user sends his Btc to sell to the platform, he receives it, once he receives it the post activates and you can now share it to buy, you wait for the buying user to send you the screenshot of the receipt (you will also notice that you received a bank transfer out of nowhere) and you will receive an email notifying that someone took your offer for you to release the bitcoins, once released they pass into the power of the buyer, and the buyer has to remove their bitcoins to a Wallet that belongs to them

I want this to be used by the entire community (I currently have the site with the Mexican currency but if you want operations to be done in USD I can change it, just contact me through the website and tell me) to make the ecosystem a better place

You are the middleman between buyer and seller, is it? So you ensure the transactions go smoothly and legit, otherwise, there aren't any guarantees for the parties involved, since a BTC buyer can deposit fiat on the BTC seller's account, but the BTC seller might not send any Bitcoins in the end.

And if you are working as middleman, aren't you charging any price for your services? How will you keep your platforms active and operating? I suppose there are costs involved, besides the time you spend there.

Exchanges charge indeed very expensive fees over transactions, but that is the cost of running the business... It would be great if every Bitcoin enthusiasts had the possibility of only transacting through P2P, so we could have access to fair prices when buying and selling, but that is unfeasible for most of us, because there aren't people locally to trade within.

Your service, for an example, wouldn't be accessible to me, because I'm not in Mexico, and to do foreigner banking transactions is just too expensive. That is actually one of the reasons why El Salvador introduced Bitcoin as legal tender on their territory, so native citizens living abroad could send money to the country through BTC, instead of fiat paying exorbitant fees to the banking system.

[SatoPrincess]

I really want to give the power to users to be able to buy directly from each other, between the community and at fair prices, saying “someone who wants to sell me 1,000 in BTC” and another user from the community saying “I'll sell you” share the link and that's it.

Bitcoin by design cuts off the middleman and gives you full control of your money. Bitcoiners can trade with one another directly without having to deal with exchanges.

The problem with your proposal is the same problem I have with other p2p platforms and that is Trust. Because when dealing with p2p platforms, we are required to trust the person we're trading with and more importantly the exchange itself which acts as an escrow for the transaction. Recent events have taught us that no matter how big/popular an exchange is, they can still turn out to be a scam. How do you with zero reputation gain the trust of the community?

I saw on your site that you have a WhatsApp group for p2p traders. That is a red flag for me because scammers take advantage of those kind of groups, usually that is where they get their victims. This is one thing that shouldn’t be on a p2p platform.

[ALGM]

I really want to give the power to users to be able to buy directly from each other, between the community and at fair prices, saying “someone who wants to sell me 1,000 in BTC” and another user from the community saying “I'll sell you” share the link and that's it.

Bitcoin by design cuts off the middleman and gives you full control of your money. Bitcoiners can trade with one another directly without having to deal with exchanges.

The problem with your proposal is the same problem I have with other p2p platforms and that is Trust. Because when dealing with p2p platforms, we are required to trust the person we're trading with and more importantly the exchange itself which acts as an escrow for the transaction. Recent events have taught us that no matter how big/popular an exchange is, they can still turn out to be a scam. How do you with zero reputation gain the trust of the community?

I saw on your site that you have a WhatsApp group for p2p traders. That is a red flag for me because scammers take advantage of those kind of groups, usually that is where they get their victims. This is one thing that shouldn’t be on a p2p platform.

You are right, no matter how big the exchange is, it is always open to scams, I don't see the negative side of having a WhatsApp group, I am a technology man, and I can't do anything to earn your trust, this is when I want to ask you, what can I do to have it? I am not interested in wealth, I want to leave my mark on the world and I can do it with cryptocurrencies.

That's why I don't charge for this service for now, I want to give the users what they want and I as a user want this

When a user sends his Btc to sell to the platform, he receives it, once he receives it the post activates and you can now share it to buy, you wait for the buying user to send you the screenshot of the receipt (you will also notice that you received a bank transfer out of nowhere) and you will receive an email notifying that someone took your offer for you to release the bitcoins, once released they pass into the power of the buyer, and the buyer has to remove their bitcoins to a Wallet that belongs to them

I want this to be used by the entire community (I currently have the site with the Mexican currency but if you want operations to be done in USD I can change it, just contact me through the website and tell me) to make the ecosystem a better place

You are the middleman between buyer and seller, is it? So you ensure the transactions go smoothly and legit, otherwise, there aren't any guarantees for the parties involved, since a BTC buyer can deposit fiat on the BTC seller's account, but the BTC seller might not send any Bitcoins in the end.

And if you are working as middleman, aren't you charging any price for your services? How will you keep your platforms active and operating? I suppose there are costs involved, besides the time you spend there.

Exchanges charge indeed very expensive fees over transactions, but that is the cost of running the business... It would be great if every Bitcoin enthusiasts had the possibility of only transacting through P2P, so we could have access to fair prices when buying and selling, but that is unfeasible for most of us, because there aren't people locally to trade within.

Your service, for an example, wouldn't be accessible to me, because I'm not in Mexico, and to do foreigner banking transactions is just too expensive. That is actually one of the reasons why El Salvador introduced Bitcoin as legal tender on their territory, so native citizens living abroad could send money to the country through BTC, instead of fiat paying exorbitant fees to the banking system.

“You can deposit fiat money into the BTC seller's account, but the BTC seller may not send any Bitcoin in the end.”
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You are right and that is why to trade with another user (for example you want to buy and Satoshi wants to sell) then Satoshi sends his bitcoins to the cryptoexchangep2p wallet and when the platform receives the BTC, Satoshi's post is recorded and his post will be seen. reflected on the platform, now, before making the exchange, satoshi and you previously contacted through the watshapp channel cryptoexchangep2p in which the aim is to bring together these people who want to exchange Bitcoin and talk about the topic, what happens if cryptocurrencies they are not released. "This fool already deposited me, I can leave" first, he is not the owner of the private keys and you can report the post so that the moderator (me as founder) reviews your transfer receipt to Satoshi so he can release your BTC and Satoshi will be expelled from the platform
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"If you work as a broker, are you not charging any price for your services? How will you keep your platforms up and running? I assume there are costs involved, in addition to the time you spend there."
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I plan to charge a commission when withdrawing your BTC from the platform and only when withdrawing your BTC from the platform (Note that I do not charge you a commission for sale and commission for purchase) but this is in the future, for the moment I do not want to monetize, I want attract people to know this new alternative, and the commission will only be 1 USD

"In fact, exchanges charge very expensive fees for transactions, but that is the cost of running the business... It would be great if all Bitcoin enthusiasts had the possibility to transact only through P2P, so that we could have access at fair prices when buying and selling."
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On the contrary, I think they are overcharging us because it is a new market and there are not many options available. If everything goes well in the future we will say (how stupid we were that the exchange charged us for buying and selling and also overselling us BTC and also buying us the BTC from us at a low price)
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"But that's not feasible for most of us, because there are no local people to trade with."
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That's why I want to unite the community in the cryptocurrency exchange p2p WhatsApp group, give them control, I have the same problem. How am I going to sell my BTC to someone local, if I don't know anyone where I live who has this type of asset? and it pisses me off that's why I believe this
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"Your service, for an example, wouldn't be accessible to me, because I'm not in Mexico"
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Please if you want this service to come true where you live so you can trade with people from your country go to cryptoexchangep2p.com and join the community

[Fiatless]

You are right, no matter how big the exchange is, it is always open to scams, I don't see the negative side of having a WhatsApp group, I am a technology man, and I can't do anything to earn your trust, this is when I want to ask you, what can I do to have it? I am not interested in wealth, I want to leave my mark on the world and I can do it with cryptocurrencies.

That's why I don't charge for this service for now, I want to give the users what they want and I as a user want this

Most people will not just put money into a random platform that claims to be an exchange. They will prefer to use big or popular exchanges regardless of the high fees. Many good businesses indeed started small but they did a whole lot of work to gain customers trust. Mere words will not make you trustworthy because scammers also come up with convincing words.

You have started well by trying to build a community but you need to do more. If you claim that your service is decentralized then there should be an escrow system put in place and a trusted arbitrator in case of dispute during the exchange process. You also need to do a lot of publicity to attract more users this is because liquidity is very important. If customers observe that they experience difficulty in getting trade deals, they might not continue using the platform. I watched the video and it is only in a single language. If you are considering to build a global brand, you have to include more popular languages.

[hugeblack]

This cannot be considered P2P, as coins is moved to your wallet and then sent to the other party after confirming the transaction.

 - Will you compensate everyone if the service is hacked?
 - Do you have a support team ready to solve problems quickly? Otherwise, they may turn into an easy way to defraud others.
 - The idea has been applied before in projects such as LBC localcrypto, and some of these projects were stopped due to regulatory restrictions, so how will they deal with the regulatory aspects?

Finally, crypto P2P can be done better through a 2-of-3 multi-signature wallet, where there are 3 keys, one with the seller, second with the buyer, and the third with you, so that they can control the funds without the need to communicate with the support team or worry about hacking the platform.

[Z-tight]

There are many recommended p2p exchanges that people can trade their BTC in^[1], nobody is going to jump all these services to use one that has not proven to be legitimate, all we have here is just your words, and nothing else.

Needless to say, your service is the same as 'fake' p2p on centralized exchanges, in true p2p services, third parties do not control or hold funds, it is a direct trade between two parties. Once there is any third party, then they can confiscate the funds and that's not how p2p trade is supposed to be.

[1] https://kycnot.me/

[Darker45]

If this has been happening to you for years, then why didn't you move to another exchange platform? It's not as if all platforms are operating the way you described. There were those decentralized platforms. Then there were those centralized P2P platforms. It's a pity some of them are either implementing KYC or are gone now, but it's only recently. There were there as alternatives for years. There's even this platform who has both buyers and sellers with 1:1 price deals.

I mean you seem late in taking notice of this problem. Almost all major centralized exchanges now have their own versions of P2P platforms already.

The main issue with P2P is security. And there's also the kind of P2P that requires KYC. Your service isn't new. But you might offer an interesting edge that might attract users.

[Marykeller]

I am not trying to discourage you, but you have to hear this. It doesn't matter how you try to make people feel that your crypto services are legit, people won't try to make use of it, leaving the top and well known exchanges to trade their crypto coins on your p2p exchange that haven't made waves in the crypto space to prove its uniqueness from other existing p2p.

Running p2p services is not what someone can easily conclude to give a try when there is a high rise of scams hovering around that area of crypto services that someone can be dubious about claiming to offer legit p2p services

[virasog]

I am not trying to discourage you, but you have to hear this. It doesn't matter how you try to make people feel that your crypto services are legit, people won't try to make use of it, leaving the top and well known exchanges to trade their crypto coins on your p2p exchange that haven't made waves in the crypto space to prove its uniqueness from other existing p2p.

Running p2p services is not what someone can easily conclude to give a try when there is a high rise of scams hovering around that area of crypto services that someone can be dubious about claiming to offer legit p2p services

Why would anyone be using a brand new /untrusted P2P platform when they can simply use the P2P services offered by Binance and other exchanges? People are extra carefully when it comes to the finances and they will never use a platfrom unknown to them.
OP has to prove himself that the P2P platfrom advertised by him is legit and has a lot of traffic plus liquidity.
Using a website traffic checker, ahref shows the results of no traffic at all. Not recommended to use when these days anyone can develop a site to scam 

[LoyceV]

I am super angry how huge exchanges make money at the expense of silently stealing from me and all users

That's a weird way to announce your own competing business! Legit exchanges don't steal, they publish their fees on their website.

you will also notice that you received a bank transfer out of nowhere

My bank is not going to like that. They'll want to know where the money came from, and who I did business with.

Apart from having to trust you (which I don't), I'm curious where you're earning money. You can't just transfer large amounts through your bank account and expect no questions, and you also can't maintain an exchange infrastructure without earning from it.
Lastly, P2P exchanges are nothing new. You're basically trying to be an escrow, without the reputation needed to do so.