Which tools give you access to more peers with better offers?
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Why trade P2P? 🤝
P2P trading provides privacy benefits over centralised exchanges.
As the risks with the KYC process become better understood, P2P platforms are set to grow.
Further exchange bans from banks will also boost adoption (see
StarlingBank)
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Where to start?
Peach, HodlHodl, Bisq, and RoboSats are well-known P2P platforms.
Peach and HodlHodl are particularly easy for new P2P traders.
That said, finding peers in the UK is often a waiting game. ⏰
Order books are thin, and trade premiums can be high. 🫰
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Enter Revolut, a multicurrency neobank with excellent exchange rates. 🏦
It's simple and free to deposit GBP 💷 via Faster Payment bank transfers or a debit card.
The option to swap from GBP 💷 to EUR 💶 instantly (with no fees) opens up BTCEUR offers on P2P platforms.
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Regardless of which P2P platform you browse:
• BTCEUR order books are deeper.
• Lower trade premiums are available.
It's no surprise, there's a total population of ~67 million with Sterling 💷 compared to ~340 million people with the Euro 💶. (5x)
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As an example, check out Hodl Hodl earlier this month as a buyer:
💷 Faster Payments (GBP)
• 2 offers, best price £24,973 (€28,181) / BTC
💶 Revolut (EUR)
• 12 offers, best price €26,290 (£23,320) / BTC
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Trading #Bitcoin P2P is sure to become a more popular option in the future.
For now, with more offers and lower premiums, BTCEUR order books are better than BTCGBP.
Try using Revolut as an easy way to find more peers on your favourite P2P platform: https://revolut.ngih.net/c/4243721/1471631/9626
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For peers who aren't in a hurry, consider posting some trade offers in GBP to improve order books for other Brits. 🇬🇧
To compare order books for all four platforms mentioned, check out the full article here: https://ianforbes.ghost.io/p2p-btc-for-brits/
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