hodlhodl on Nostr: The rate on centralized exchanges is lower because you are paying the difference by ...

The rate on centralized exchanges is lower because you are paying the difference by losing your privacy. Take this in account.

quoting
nevent1q…2zjj

Shoutout to hodlhodl (nprofile…xmsq)

I had to sell #bitcoin for the first time in years. And their P2P service was great.

I sent bitcoin to the escrow, and could withdraw cash at the ATM. I only used an email to sign up. No bank account involved, no KYC.

When I got the cash, I released the bitcoin from the escrow. Done.

The only bad thing was the rate. I lost about $100 on the transaction compared to the exchange rate.

I didn't like seeing my stack decrease. But it was for the family, and my son. And I felt sovereign doing this!

Now, I need to replace these sats...