Subnostr

Yesterday, I came to the #vexl #meetup where I learnt a bit more about the whole concept.

It was the first #bitcoin related #event I have even visited and even though I did not not personally anyone, it was nice session, great to see people I only listen in podcasts and see in the social media and youtube LIVE.

Thinking about the Vexl idea, the app, #KYC and my personal need, I like it but I miss one thing, buying #BTC automatically and repeatedly, simply following the #DCA method.

Well, at the end I do not see a way to do so without usage of a middleman who would hold the funds until the both side will transfer their agreed amounts.

A middleman, who will be forced to require to know the #exchange participants.

Please, open my eyes I they are closed..

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Discussion

KudlaDederon 2y ago

Once you get to know your #vexl partner well (ie. personally) and you trust each other you can agree on DCA buying/selling, exchange contacts. If you find the problem, generally, in the absence of escrow on #vexl, you can always use another place where to buy such as bitvalve.com etc.

Jakub 2y ago

Hmm, I afraid the escrow services will be regulated to require #KYC if they do not yet.

Anyway, did you try it already?

Knowing someone trustful for #DCA is of course the best option, but it require some additional effort with an unsure result.. 🤔

Let’s someone would be keen to send #BTC of a #value e.g. $100 every day, is there a way to not calculate how much BTC is it every day but simply sent the amount automatically e.g. right from #trezor?

KudlaDederon 2y ago

No, I haven't used escrow yet, as in 95% cases I bought p2p via personal contact first, bitcoin for cash or vice versa. As far as I know there is no KYC on bitvalve.com, but... Only later I mentioned web pages linked in your profile (nice, btw) and I would say that #vexl actually does not make sense for what you are looking for, ie. automatic DCA. As regards Trezor, check out this https://www.google.com/amp/s/bitcoinvkapse.cz/jak-na-nakupy-bitcoinu-metodou-dca-primo-v-trezoru/%3famp=1

Jakub 2y ago

Yeah, I know about it. #Invity is just not that cheap as the exchanges and the KYC is there as well.

I made the app in my profile, just now actually looking for an option which could do all my app can + would be without KYC. And perhaps could be integrated to my app as well.

Jakub 2y ago

Perhaps If I would find a reliable counterpart for #p2p exchanges, some lightning wallet could have a feature to send out #sats on a daily basis of a specific fiat amount, nah?

Nevertheless, I already tried several but did not see such a #feature right in there 🤔