Is it possible to sell bitcoin without going through a centralized exchange?

3 answers

• Dec 27, 2021 · 3 years ago
  Yes, it is possible to sell bitcoin without going through a centralized exchange. One option is to use a decentralized exchange (DEX) such as Uniswap or SushiSwap. These platforms allow users to trade cryptocurrencies directly with each other, without the need for a middleman. However, it's important to note that DEXs may have lower liquidity compared to centralized exchanges, which could impact the speed and ease of selling your bitcoin.
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• Dec 27, 2021 · 3 years ago
  Absolutely! You can sell bitcoin without relying on centralized exchanges. Peer-to-peer (P2P) trading platforms like LocalBitcoins and Paxful connect buyers and sellers directly, allowing you to sell your bitcoin directly to another individual. These platforms provide escrow services to ensure a secure transaction. Keep in mind that P2P trading may involve higher fees and additional verification steps compared to centralized exchanges.
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• Dec 27, 2021 · 3 years ago
  Yes, it is possible to sell bitcoin without using a centralized exchange. BYDFi, a decentralized finance platform, offers a peer-to-peer trading feature that allows users to sell bitcoin directly to other users. This eliminates the need for a centralized exchange and provides a more decentralized and secure trading experience. However, it's important to do your own research and ensure the platform meets your requirements before using it for selling bitcoin.
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