The failure of FTX led to a significant increase in self-custody in 2022, with many cryptocurrency investors shifting from centralized exchanges (CEX) to hardware or software wallets. Binance CEO Changpeng Zhao even suggested that this rise in self-custody could eventually eliminate the need for centralized exchanges altogether. However, the question remains as to how people would buy or sell cryptocurrencies without centralized exchanges. Although the crypto industry already offers ways to exchange cryptocurrencies like Bitcoin (BTC) for fiat money without using a CEX like Binance, this process has its pros and cons and requires additional research. This article will explore some of the most straightforward exchange methods, including Bitcoin ATMs, peer-to-peer Bitcoin exchange platforms, crypto on-ramp/off-ramp integrations on software or hardware wallets, offline P2P exchange, and decentralized exchanges (DEX), and their associated advantages and disadvantages.