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26 sats \ 3 replies \ @supertestnet 31 Dec 2024 \ parent \ on: Strike Adopts Transfer of Funds Regulation bitcoin
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
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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