Post
Topic
Board Beginners & Help
Re: Withdraw from exchange straight away or at a threshold
by
clifjw
on 09/01/2021, 15:54:06 UTC
...why not just use a decentralized P2P exchange like LocalCryptos instead and get your funds directly deposited to your cold storage?

To be honest, since I'm still new to it I was was a bit nervous about using a p2p system like that. LocalBitcoins has been suggested to me, but I understand that is still centralised and you still have to pay a fee to transfer from that. What security does LocalCryptos offer a buyer? Reading their site it simply said "Once the seller confirms payment, crypto is released from escrow to the buyer" but doesn't that rely on the seller being genuine?