Interested in buying or selling Bitcoin without a centralized exchange? Look into Bitcoin ATMs and decentralized exchanges that enable peer-to-peer trading using smart contracts and blockchain technology.
without using a CEX like Binance. However, such a process is associated with certain pros and cons and may require additional research.
According to data from CoinATMRadar, there are roughly 34,000 Bitcoin ATMs in 80 countries worldwide, with almost 85% of all crypto ATMs in the. About 4% of Bitcoin ATMs are located across Europe, with most of those located in Spain, Poland, Romania, Switzerland and Austria. Peer-to-peer Bitcoin exchange marketplaces are among the most common crypto exchange options alongside Bitcoin ATMs. Such platformsdirectly with each other without the need for a centralized third party to facilitate the transactions.
“This sort of online marketplace maintains the decentralized ethos of crypto, but it is also susceptible to attacks from both regulators and hackers.”Another common way to buy or sell crypto without a CEX is using an on-ramp or an off-ramp solution provided within a self-custodial wallet through a third-party payment provider.
“Various alternatives do exist for offline transactions where the buyer meets the seller in person. Depending where you live, this might happen at a regular currency exchange shop or through a known black market dealer,” Greenspan told Cointelegraph. He referred to groups on messengers like Telegram or WhatsApp, where buyers and sellers are constantly making connections. “I’ve even heard of people using sites like Craigslist,” the exec added.
“There are loads of disadvantages from safety concerns to the uncomfortable feeling of dealing with a complete stranger, but mostly it’s just not a very scalable solution.”
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