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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!
Starting today, I’ll exclusively use RoboSats for at least two weeks
Good luck! For small amounts it works great. But soon as you hit $1k or $5k buys it’s terrible
I used them and it wasn’t user friendly and the liquidity was terrible. Once more people come I’ll come back.
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.
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
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
The liquidity on these services is terrible. Trying to buy thousands of dollars worth of sats is not easy