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134 sats \ 4 replies \ @gunson 17 May \ on: P2P trading etiquette bitcoin
As a net P2P buyer (mainly via Robosats) I'm always curious about people selling.
Where did you get your Bitcoin in the first place? P2P, KYC CEX, mined or earned?
And what's your aversion to wire transfers if it's legal? There's obviously no direct Bitcoin link, although your peer will know your name 🤷‍♂️ Or are you just trying to avoid your bank seeing "income"?
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18 sats \ 0 replies \ @cointastical 17 May
Sending remittance via p2p can be cheaper, or faster, or easier than the traditonal pukes like Western Union or MoneyGram.
I might even do p2p on both ends ... Buy Bitcoin in my country, via p2p then sell in the remittance recipient's country, again, via p2p.
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22 sats \ 1 reply \ @neurojack 17 May
For me I sometimes sell of a bit of an old stack. Sometimes KYC CEX.
Wire transfers are problematic, for me at least. The bank will start asking questions, and the peer knows your name.
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17 sats \ 0 replies \ @gunson 17 May
So you take cash, right? And do you use it at stores only, or also for big things like rent/mortgage?
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0 sats \ 0 replies \ @Signal312 17 May
I read on a forum, one of the P2P sellers mentioned he buys on KYC platforms, and sells immediately P2P, just for the arbitrate opportunity.
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