Chris Parker
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Everything posted by Chris Parker
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I just completed an exchange for BTC using Bisq (peer-to-peer exchange application with no KYC), and it worked fine using SBP on the Russia side. The only problem is it took one week for someone to take my offer, and in general there may not be many people using the application with Russian Ruble currency (not many open offers).
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On the Russia side, we've been using bitget.com's P2P exchange, which has worked very well. The exchange is always Ruble <-> USDT. There are a then a variety of ways to get USDT to/from USA, including another P2P exchange using Zelle, etc. (though I haven't personally tried that one) or transferring the crypto to a US-based exchange like Coinbase.
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As we all know, the banks and transfer networks have all boycotted Russia because of the Ukrainian war. I realize this is intended to isolate the country and prevent foreign investment, etc., but it also causes a lot of practical problems for ordinary people like us with just a personal relationship connecting us to the country. How are people actually working around this problem? Looking for a solution, the only two ways that I see is either by having a bank account in a third country that can still transfer with Russia (ex: FSU satellite countries), or the more risky hawala system of personal exchanges (net transfer of $0). Both approaches require knowledge on the ground and connections...
