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0 sats \ 0 replies \ @ek 17 Oct 2023 \ on: Why don't you get off the centralized exchanges, and ride the non-kyc P2P? bitcoin
Why do you still cling to the centralized exchanges, which are a bunch of sinking ships?
For me, it's mostly just this:
  • higher liquidity means faster buying (and selling but we don't sell bitcoin here, do we)
  • usually cheaper prices than p2p markets
  • better UX since I don't have to search through orders or hold funds in escrow or do a bank transfer for every tx or even meet someone in person if I want to go full p2p cash only. As a buyer, I can just use market orders. Maybe I'm ignorant since I only used RoboSats (I also tried Bisq but I didn't like it), but I think P2P exchanges don't have market orders.
  • afraid of scams / dealing with scams
  • my bank might not like it and I definitely don't want to deal with a closed bank account
which are a bunch of sinking ships?
Why do you think that? I think CEX will continue to exist for a very long time at least. Whole tradfi works with CEX.
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