Nostr Web Client

Shoutout to nostr:nprofile1qqszw0ncsrfc6wd8lv3cal8cj4apkke8aqv3y75ys05h2st2p2g035spz3mhxue69uhhyetvv9ukzcnvv5hx7un89uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcpzdmhxue69uhhqatjwpkx2urpvuhx2ue0psxmsq

I had to sell #bitcoin for the first time in years. And their P2P service was great.

I sent bitcoin to the escrow, and could withdraw cash at the ATM. I only used an email to sign up. No bank account involved, no KYC.

When I got the cash, I released the bitcoin from the escrow. Done.

The only bad thing was the rate. I lost about $100 on the transaction compared to the exchange rate.

I didn't like seeing my stack decrease. But it was for the family, and my son. And I felt sovereign doing this!

Now, I need to replace these sats...

Reply to this note

Please Login to reply.

Discussion

Hodl Hodl 7mo ago

Note that you can take a stablecoin loan from another user using your BTC as collateral escrowed in a multisig address from which you hold one key. (nobody can touch it)

Doing this you get some instant liquidity without the necessity of selling your Bitcoin! Think about it.

Hodl Hodl 7mo ago

The rate on centralized exchanges is lower because you are paying the difference by losing your privacy. Take this in account.

nostr:nevent1qvzqqqqqqypzqxsf4ec40mnmjg480f00q0g9ycm2043pgajsxcle8yaf8mrzg739qqszmg9qqawh23ycq6pkdycs423nfnxgay3620lfzm9r8e0afns03hgz22zjj

Ape Mithrandir 7mo ago

You sold below the market price on a P2P platform? Typically you should be able to sell at a premium. Maybe you should have been more selective in the offer you choose.

On Bisq and Robosats, you can sell for a premium quite easily.

Mnm 7mo ago

Not during all time high or sudden price increase.

As p2p trading matures, there are more and more sellers.

Ape Mithrandir 7mo ago

Fair and I have observed this, but 2 weeks ago when OP posted, Bitcoin was chilling and Bisq premium was >0%.