When you stack sats do you still first buy it on an exchange? What are the best options for normies to place their orders? #bitcoin
Discussion
I use river they are one of the best in the space for purchasing bitcoin they allow dca and recuring hourly orders. They also incetivise you to take self custody with recuring auto withdrawals. They hold bitcoin in full 1:1 reserves so if your holding it on their exchange you know it's relatively
safe. Use my referral link below and we will both get some sats back.
I love river. Their help desk is always one phone call away and you can rest assured you'll be talking to a very knowledgeable staff member not a ai chat bot
P2P only. No exchanges, no KYC, ever.
https://learn.robotsats.com (on-chain and lightning)
Also Bisq for larger amounts.
Those felt super overwhelming.. I couldn't even get through installing bisq... Did go into robosats and Hodlhodl I believe and it seemed like people are selling at higher than current prices? It also felt kinda risky and challenging. But I will check this learn link and see if I breakthrough the resistance I am feeling from my first time experience there going it alone.
Bisq is definitely not the most user-friendly.
Robosats makes it super simple though, just needs a little effort put in to start off (proof of work!), but once you understand the flow, you'll be flying and using it everyday.
Regarding safety, it's quite safe as it uses a well-designed escrow system. Both peers enter a deposit,twhich incentivises honesty.
Mediation by a third-party also becomes an option if there are issues (over hundreds of trades, never had an issue).
Regarding it being in price (usually a few %), this is a premium paid for no KYC. Well worth it.
Ok, glad to know it wasn't just me with my bisq experience and I did give it a min... 😓😮💨
I did learn about the escrow system in robosats and hearing of your direct experience is encouraging.
It seems like I am going to have to give it a go just so at least I have had that experience and then go from there.