What are the alternative ways to purchase digital currencies without relying on a broker?

4 answers

• natanchikJan 23, 2021 · 5 years ago
  One alternative way to purchase digital currencies without relying on a broker is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing you to buy digital currencies from other individuals without the need for a middleman. Some popular P2P trading platforms include LocalBitcoins and Paxful. Just be sure to do your due diligence and research the reputation of the seller before making a transaction.
  454

  227
• Tychsen ConradNov 10, 2024 · 9 months ago
  Another option is to use decentralized exchanges (DEXs). DEXs allow users to trade digital currencies directly with each other on a blockchain network, eliminating the need for a centralized intermediary. Examples of DEXs include Uniswap and SushiSwap. Keep in mind that DEXs may have lower liquidity compared to centralized exchanges, so it's important to consider the trading volume and available pairs before using them.
  423

  141
• PIN PIN PINFeb 08, 2023 · 3 years ago
  If you're looking for a broker-free option that offers a wide range of digital currencies, you can consider using BYDFi. BYDFi is a decentralized finance (DeFi) platform that allows users to trade various digital assets without the need for a traditional broker. It provides a user-friendly interface and supports multiple cryptocurrencies, making it a convenient option for those who want to buy digital currencies without relying on a broker.
  444

  111
• Thibault RousseauOct 20, 2020 · 5 years ago
  For those who prefer a more private and anonymous method, using a Bitcoin ATM can be an alternative way to purchase digital currencies without a broker. Bitcoin ATMs allow you to buy cryptocurrencies using cash or a debit card directly. Simply locate a Bitcoin ATM near you, follow the instructions on the machine, and complete the transaction. Keep in mind that Bitcoin ATMs may have higher fees compared to other methods, so it's important to consider the costs before using them.
  482

  97