How can I buy crypto without going through an exchange?

3 answers

• Don LawsonJun 21, 2021 · 4 years ago
  Absolutely! There are several alternative methods you can use to buy crypto without going through an exchange. One option is to use peer-to-peer (P2P) trading platforms, where you can directly buy crypto from other individuals. These platforms connect buyers and sellers, allowing you to negotiate the terms of the trade and make a purchase without the need for an exchange. Another option is to use decentralized exchanges (DEXs), which operate on blockchain technology and allow you to trade directly with other users without the need for a centralized exchange. DEXs offer increased privacy and security compared to traditional exchanges. Additionally, some crypto wallets and payment apps also offer the option to buy crypto directly within their platforms, eliminating the need for a separate exchange account. These methods provide alternatives for those who prefer to avoid exchanges or want to explore different options.
  928

  464
• McDougall SamuelsenSep 17, 2023 · 2 years ago
  Sure thing! If you're looking to buy crypto without going through an exchange, you can consider using a Bitcoin ATM. Bitcoin ATMs are physical machines that allow you to buy cryptocurrencies using cash or a debit card. They work similarly to regular ATMs, but instead of dispensing cash, they send crypto directly to your wallet. Simply locate a Bitcoin ATM near you, follow the instructions on the screen, and complete your purchase. It's a convenient way to get crypto without the need for an exchange account. Just keep in mind that Bitcoin ATMs may have higher fees compared to traditional exchanges, so it's important to check the rates before making a transaction.
  670

  224
• Frazier BradfordJun 08, 2023 · 2 years ago
  Certainly! If you're looking for a platform that allows you to buy crypto without going through an exchange, you can try BYDFi. BYDFi is a decentralized finance (DeFi) platform that enables users to buy and sell crypto directly from their wallets. It operates on the Ethereum blockchain and offers a wide range of cryptocurrencies to choose from. With BYDFi, you can trade directly with other users, eliminating the need for a centralized exchange. The platform also provides advanced features such as liquidity pools and yield farming, allowing users to earn passive income on their crypto holdings. It's a great option for those who want to explore alternative methods of buying crypto.
  688

  172