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Ask HN: P2P crypto exchange - possible?

4 pointsby sagivoover 7 years ago
1. There&#x27;s a huge rise of bitcoin and more people getting into cryptocurrencies.<p>2. As for now the only(?) way to purchase coins is using an exchange.<p>3. to purchase your first coin you have to pay with fiat money.<p>4. Few exchanges accept fiat money and charge crazy fees for it.<p>My question is - can we skip the middle man and create p2p exchange? the main issue i have so far: - how to charge fiat money and where to store it (escrow account)?

3 comments

spoonieover 7 years ago
It already exists, and has for years, and is called LocalBitcoins. You might be disappointed in how big the spread is at that exchange though.
corylover 7 years ago
By peer to peer exchange, you mean an exchange built on blockchain?<p>One exists that I know of (bitshares). I&#x27;m sure others are being developed.<p>Turning fiat into crypto is a separate problem of its own. The problems there are legal and political, not so much technical.
BuenosAirover 7 years ago
Have a look at waves decentralised exchange