Replying to Avatar Banana Shake

nostr:npub1dllf8wmj6jk83r7chck6madmfgh3fges65ctpe5t6ueujazvvcvsh20tz5 is a decentralized Bitcoin exchange that allows users to buy BTC with pretty much any fiat currency in the world

As for custodial wallets, those should be avoided because they are centralized and compromised

Best to only use non-custodial wallets

As for hardware wallets, Jade hardware wallet is a decent choice

Avoid Ledger hardware wallet at all cost.

Ledger is compromised, it does data mining on its users

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once_aphysicist 1y ago

Bisq has very poor liquidity in non-euro/usd markets.

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once_aphysicist 1y ago

Also, Bisq requires you already own some BTC for the collateral

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Banana Shake 1y ago

You can buy BTC without already owning BTC for collateral, using @bisq2

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once_aphysicist 1y ago

True, but then you are buy only. I guess that is good enough for a newbie. They don't have a stack to sell from yet.

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Banana Shake 1y ago

The liquidity is good enough for people starting out.

Also, that’s perhaps the premium you pay for using a platform that is decentralized and censorship resistant

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once_aphysicist 1y ago

The OP listed India, I've looked at the INR market quite a bit. Some years ago my order was the only order for several months before I gave up. Recently I've seen about 1-2 orders a month. That's not beginner friendly at all.

Also in Euro/USD markets, I see smaller amounts (< €100) often have close to 50% premium. You get more reasonable, say <10%, premium only if you are willing to go to above €400, again not so beginner friendly.

I found Peach Bitcoin a lot more beginner friendly when trading in Euros.