For everyone who‘s wondering why Relai has to enforce KYC verification on all users, here‘s the full story and explanation👇
Thanks for having nostr:nprofile1qqsv2acha3ax4ustsd4fg6pg99ydczkm5exnp2lmgz4gcenymh3ul3c6vzy4p on the #OnceBitten podcast nostr:nprofile1qqst5teefqektpr4aytgpwyclxlq78v9q9nvd2pem0sgf5pxdttwyzspr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9ujn2xzc much appreciated!
Thank you relai for all the light-KYC sats. It's the easiest way to buy sats with low fees in europe
Bittr is arguably easier, does not require KYC and is substantially cheaper.
Keep in mind they get your name and bank account nbr given that you need to wire to their account.
I send the money via a sepa transfer to a swiss bank account. Maybe i'm wrong but for what i've understand the change € to btc is done with a transaction number not directly link to my name, relai doesn't ask or store id for the moment.
Of course my sepa number is linked with my bank who got my id but because it's a bank in another country, unless someone is in deep international investigations, they can't go too far to check if that transfer was made for purchasing bitcoin.
The safest way to purchase bitcoin is still p2p platforms, but again if you are under deep investigation it's really easy for a gouvernment/cops to use the p2p platforms and hooked you on a btc trade to establish proof that you are using bitcoin
I don't know whether Bittr works with an id.
What I said was actually a comment that the Bittr founder wrote me in an exchange to explain that his system is not KYC-free per se because my name and bank account is still captured by the bank (and maybe by them for the conversion).
I didn't know bittr, i'll check it thanks
Sadge
