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94 sats \ 14 replies \ @supertestnet 31 Dec 2024 \ parent \ on: Strike Adopts Transfer of Funds Regulation bitcoin
They are bad on ramps because they log and report all of your purchases to folks who do not need to know (namely, government's and advertisers). I use robosats, bisq, and bisq2 because they respect your privacy and, due to not asking for or verifying any personal info, they are easier to use than the regulated exchanges anyway
The liquidity on these services is terrible. Trying to buy thousands of dollars worth of sats is not easy
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The liquidity on these services is terrible
That is why I keep trying to convince people to use them
The park will stay empty til people start playing there
When you notice there's no liquidity -- make an offer!
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Starting today, I’ll exclusively use RoboSats for at least two weeks
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Good luck! For small amounts it works great. But soon as you hit $1k or $5k buys it’s terrible
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I used them and it wasn’t user friendly and the liquidity was terrible. Once more people come I’ll come back.
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Once more people come I’ll come back
Liquidity providers might not be there because "no one's buying thousand-dollar amounts there." Place those offers, and keep them up, and liquidity providers will be attracted to the platform so they can fulfill them and earn money.
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Sounds like a chicken and egg problem. Plus the fiat payment methods for large amounts are terrible. On these platforms Money orders can only go so high before they KYC you. Zelle and strike KYC you as well. Doing a large cash transaction in person for BTC is risky
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if you dont mind me asking...
what p2p methods do you guys use?
strike is kyc, zelle is too. revolut is only in europe.
from looking at robosats orderbooks... vast majority of orders are for strike with a few for wise/zelle but mostly strike.
is that what you guys see?
i would be OK exchanging for cash in public places but for no more than 500fiat at a time and only with lots of people about
I don't use p2p exchanges, because I don't want my bank accounts closed without a warning.
It's easier to find workarounds for withdrawing from exchanges than banks closing accounts.
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You do not need a bank account to use a p2p exchange. You can buy bitcoin by mailing a money order to a bitcoin seller, or, if *you* are a bitcoin seller, you can have the buyer mail a money order to you and redeem it at any place that processes money orders.
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use a burner bank account like revolut, wise or your local equivalent and if it gets shut down, your main account won't be affected
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I don't want to lose my Revolut or Wise, those are anything but burner accounts. Without them I'd have half my fiat income.
We have many traditional banks, I guess I could use those, but only while my accounts last, which probably wouldn't be long.
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of course, in your case, they might not be, but there are always alternatives. i can say at least for years of cex buys and now non kyc buys, I've never had an issue.
that being said, rev, wise, PayPal, are all hot wallets to me, not for holding large balances, they do enough shit and close accounts without crypto and their support is garbage ai. whereas at least with my actual bank and i can call them a talk to a person etc
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