Post
Topic
Board Bitcoin Discussion
Re: I recently convinced my employer to start paying me in BTC, it has been great
by
Sim_card
on 08/10/2023, 14:21:51 UTC
Do you have any tips where I should look at for P2P? Currently I use Binance, I know we are not fans of centralized exchanges here and justifiably so. But I have been using it specifically for P2P and to be fair it hasn't been bad. Decent search process, escrow and chat are available.
Binance is a centralized exchange, even what they refer to as "DEX" is not exactly a P2P trade or decentralized. CEXes have their merits too, as long as people are aware of the risks and disadvantages involved in using them.

As for alternative for a true decentralized P2P trading platform, check out Bisq.
https://bisq.network/
https://github.com/bisq-network/bisq

Pretty cool, so these have no actual KYC process in any capacity, even for P2P trading? Or is it just a veneer?
Bisq don't need any KYC requirements, because it is a decentralized exchange that don't need a third party to hold your coins but they create avenue for buyers and sellers to trade with each other directly. When using bisq, you should look for a merchant with good reputation, high trust rate and has completed higher number of orders successfully. It is a good idea that you convince your employer to pay you in bitcoin, because you only need to convert that amount that you will use to take care of your responsibilities and leave the rest in your wallet. Unlike when you are been paid in fiat, you might be too reluctant to buy bitcoin with your fiat currency. Also since you said that it is an underdeveloped country, inflation will eat up your fiat currency value but in bitcoin, your funds are safe.