Yes, it is possible to trade bitcoins directly without selling at an exchange. Many people prefer this because of their security and trust. Many exchanges were hacked in recent time, and the result of this, their bitcoins vanished without any explanation.
Another reason is its privacy. These days exchanges have similar KYC requirements as like banks needs. The KYC information is at risk of theft if the security of the exchange up to date.
Trading Bitcoin typically involves buying and selling on cryptocurrency exchanges. If you want to engage in trading activities, you would generally need to use an exchange platform to facilitate the buying and selling of Bitcoin. However, it’s important to note that there are different trading strategies, and not all of them involve selling Bitcoin for traditional fiat currency.
For example, you can engage in trading pairs where you exchange Bitcoin for other cryptocurrencies (crypto-to-crypto trading) or use Bitcoin to participate in decentralized finance (DeFi) platforms where you can earn interest or yield by lending or staking your Bitcoin without necessarily selling it.
In summary, while the term “trade” often implies buying and selling, there are alternative trading strategies that don’t involve selling Bitcoin for fiat currency directly. It depends on the specific type of trading you are interested in and the platforms or methods you choose to use. Always be cautious and do thorough research before engaging in any type of trading activity.