Can I Trade bitcoin without selling at an exchange?

tarun

I want to trade bitcoin, but I don't want to sell it on an exchange. The security concerns worry me quite a bit.

Kunal

One doesn't necessarily need to use online exchange services to buy or sell Bitcoin. There is an opportunity to do that in person or by interacting with investors who want to cash out or acquire some cryptocurrency on social media apps.

reet

No, we cannot trade bitcoin without selling at an exchange because the xrp ledger could trade the bitcoin without an exchange so, we can't.

crick03@1

When you hold bitcoin in a wallet you control, known as a self-custody wallet (or 'non-custodial' wallet), you never have to ask for permission to use it. This means you can receive your bitcoin without waiting for a third party like a centralized exchange to approve the transaction. It also means you can send your bitcoin wherever you want, whenever you wan, It is fully Secure.

jatin

No bitcoin is not a decentralised exchange like the xrp ledgar.one could trade bitcoin on xrp ledger without an exchange.

vashuotwal

Of course, using online exchange services isn't required in order to purchase or sell Bitcoin.

Tanisha

Consider using peer-to-peer platforms with escrow services or decentralized exchanges for more control over your funds and reduced security risks.

Aryan

The crypto industry already offers ways to exchange cryptocurrencies like Bitcoin (BTC) for fiat money without using a CEX like Binance. But the thing is, you need to know about all the possible pros and cons, also you may also require additional research. So before taking any step, make sure your approach is correct