BitValve VS LocalCoinSwap VS HodlHodl
In this section, we will compare BitValve, LocalCoinSwap, and Hodl Hodl based on several key aspects.
- BitValve: 0% trading fees, a significant advantage for cost-conscious traders.
- LocalCoinSwap: Charges a fee to the seller but is free for buyers, making it an attractive option for purchasers.
- Hodl Hodl: Charges a fee of 0.6% for each contract, which is shared between the buyer and seller.
- BitValve: Employs robust security measures to protect user data and transactions.
- LocalCoinSwap: Utilizes an escrow system to enhance security and trust in transactions.
- Hodl Hodl: Focuses on security through a multisig escrow mechanism and non-custodial model.
- BitValve: Actively engages with the community, seeking feedback and improvement suggestions.
- LocalCoinSwap: Community-owned, ensuring active involvement of users in decision-making processes.
- Hodl Hodl: Engages with the community and promotes discussions on various platforms.
- BitValve: Supports a wide range of cryptocurrencies, allowing for diverse trading options.
- LocalCoinSwap: Offers an extensive selection of cryptocurrencies, providing ample choices to traders.
- Hodl Hodl: Primarily focuses on Bitcoin trading, with plans to expand to other cryptocurrencies.
BitValve, LocalCoinSwap, and Hodl Hodl each bring unique features and advantages to the decentralized exchange landscape. The choice of platform depends on individual preferences, such as fee considerations, security priorities, community engagement, and cryptocurrency preferences. Traders and enthusiasts should carefully evaluate these aspects to determine which platform aligns best with their needs and trading style. As the cryptocurrency market evolves, these decentralized exchanges play a crucial role in promoting a more decentralized and user-centric trading experience.
What is BitValve?
In addition, there are over 300+ payment methods from anywhere in the world.
BitValve guarantees the safety of the transaction by acting as a safe escrow until both parties have completed the trades.
What is a peer-to-peer exchange?
P2P exchanges facilitate direct transactions between individual users. This occurs in the following manner:
- A seller creates a selling offer on the P2P platform. (This includes price, amount, and buying method)
- A buyer scrolls the recommendations published on the P2P exchange and accepts a proposal published by a seller.
- The P2P platform will never handle any fiats or crypto.
P2P Exchanges where Bitcoin is illegal
It is still possible to transact and connect on P2P exchanges where crypto is illegal. For example, you can buy Bitcoin in Chinese Yuan(CNY) through Alipay and WeChat.
- Many cryptocurrencies (16)
- Many payment methods (300+)
- Accept users from around the world with no exceptions
- No KYC or ID requirements up to $1.000
- Still limited amount of orders
- Each order is quite small and often trading at a premium price
BitValve offers 0% Commission Trading for limited time only!
- Fee is charged only from the trader who owns the Offer.
- The fee is charged in BTV tokens, if there is available balance.
- The trading fee is different for Crypto to Crypto trades and Crypto to Fiat trades.
Crypto to Fiat Fee
- 0.5% of the trade volume (Paid in BTV tokens)
- 0.8% of the trade volume (If not paid with BTV tokens)
Crypto to Crypto Fee
- 0.2% of the trade volume, (Paid in BTV tokens)
- 0.35% of the trade volume, (If not paid with BTV tokens)
Auto-Buy BTV tokens
If you want to always get the biggest discount, then you shall click the “Auto-Buy BTV” tokens checkbox, upon creating a new Offer.
In case you dont have enough BTV tokens and you have an incoming Trade, the system automatically calculates the fee needed, based on the best discount, and buys the BTV tokens automatically.
In this way, you will always benefit the lowest fees!
Know Your Customer (KYC) in the context of peer-to-peer (P2P) crypto exchanges refers to the verification process where users must provide identification and personal information before engaging in trades.
While centralized exchanges often enforce strict KYC procedures due to regulatory compliance, P2P platforms vary in their approach.
Some P2P exchanges like LocalCoinSwap and HodlHodl have optional or minimal KYC.
However, evolving regulations worldwide are gradually impacting this landscape, nudging specific P2P platforms to implement KYC to ensure compliance. Users must understand and adhere to the KYC policies of the specific P2P exchange they choose, considering both privacy and regulatory obligations in their cryptocurrency transactions.
- BitValve has no KYC requirements for total trading volume up to $1000.
Cryptocurrencies on BitValve
There are 16 cryptocurrencies available to buy or sell on BitValve.
- Dai ERC20
- Tether ERC20
- Uniswap ERC20
- BitValve ERC20
- Shiba-inu ERC20
- Polymath ERC20
- Chiliz ERC20
Payment Methods on BitValve
Some of the 300+ payment methods available with BitValve to buy Bitcoin and other cryptocurrencies.
- Bank Transfer
- Western Union
- Alipay – Common for Chinese Yuan(CNY)
- Apply Pay
- Gift Cards
- Google Pay
- Google Wallet
- M-pesa – largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, and South Africa.
- Wise(formerly TransferWise)
- WeChat – Common for Chinese Yuan(CNY)