What are the options for purchasing bitcoin without relying on an exchange?

4 answers

• Nov 26, 2021 · 3 years ago
  One option for purchasing bitcoin without relying on an exchange is to use a peer-to-peer marketplace. These platforms connect buyers and sellers directly, allowing you to buy bitcoin from individuals rather than through an exchange. Some popular peer-to-peer marketplaces include LocalBitcoins and Paxful. When using these platforms, it's important to exercise caution and conduct thorough research on the sellers to ensure a safe and secure transaction.
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• Nov 26, 2021 · 3 years ago
  Another option is to use a Bitcoin ATM. These machines allow you to purchase bitcoin using cash or a debit card. Bitcoin ATMs are typically located in public places such as shopping malls or convenience stores. To use a Bitcoin ATM, you'll need a digital wallet to receive the purchased bitcoin. Keep in mind that Bitcoin ATMs may charge higher fees compared to traditional exchanges.
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• Nov 26, 2021 · 3 years ago
  If you're looking for a more decentralized option, you can consider using a decentralized exchange (DEX). DEXs allow you to trade cryptocurrencies directly from your wallet without the need for a centralized exchange. One popular DEX is BYDFi, which offers a wide range of trading pairs and a user-friendly interface. However, it's important to note that DEXs may have lower liquidity and fewer trading options compared to centralized exchanges.
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• Nov 26, 2021 · 3 years ago
  For those who prefer a more private and anonymous option, there are services that offer over-the-counter (OTC) trading. OTC trading allows you to buy bitcoin directly from a seller without the need for an exchange. These services often require a minimum purchase amount and may have higher fees. It's important to choose a reputable OTC service and conduct thorough due diligence before engaging in OTC trading.
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