Post
Topic
Board Bitcoin Discussion
Re: Solutions to bring BTC to another network and then SWAP
by
buwaytress
on 21/03/2024, 10:46:30 UTC
There is another, solution that doesn't require interaction between chains. P2P trading. It's actually one of my favourite liquidation methods, though mostly because I have my own "web of trust", get my cash fairly quickly (minutes, rather than hours) and get precise rates far better than a CEX or DEX Swap.

That's right, I didn't think about it.
Maybe something like bisq?


I like Bisq, I even liked Localbitcoins, but no, I was talking about non-platformed P2P.

So, with Bisq you've to run a software, with LBC alternatives you give up custody of your coins, you'd use both to protect yourself with escrow (in the case of Bisq a deposit guarantee as well).

My P2P is talking to an actual person, agreeing a rate of exchange. We send each other the respective coins. I understand I use this as a privilege of knowing certain traders for years. But yes, if you start on Bisq or an LBC alternative, I guess Binance P2P is an easy way to start, you'll build your own "web of trust" and eventually just ditch the platforms.