Replying to Avatar sperry

Easy way to quickly get KYC-free sats.

Buy bitcoin on CashApp.

Generate a lightning invoice on Kraken.

Rerurn to CashApp, "paste" invoice into CashApp using the QR scanner.

Once deposit clears on Kraken (only takes a few seconds).

Go to XMR/BTC pair and buy XMR (select pay fees in xmr to leave Kraken with zero balance)

Withdraw XMR to wallet.

Now you're free to use any KYC-free spot to exchange the XMR for BTC...

Bisq

CoinEx

MexC

SimpleSwap

Swapspace

TradeOgre

Agoradesk

swap direct with Cake Wallet

Surprisingly easy, and very little waiting.

What's another simple way?

The less counter-party risk, the better....
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zhenya 2y ago

Without getting to the merits of the rest, why buy btc on cash app then go to kraken?

Why not consolidate that “on-ramp” step to one venue?

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zhenya 2y ago

Fiat to btc on cashapp

Btc to xmr on kraken

Xmr to kyc free btc on “bisq”

We cross the spread/kyc’d thrice

Fiat to xmr on kraken

Xmr to kyc free btc on bisq

Twice.

Fiat to kyc free btc on bisq

Once.

Am I missing something?

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sperry 2y ago

wait times and 3rd part risk.

CashApp instant transfer > Kraken fiat deposit wait times

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zhenya 2y ago

I see so the idea is cashapp lets you get out of btc faster than kraken because the transfers are faster. By using cashapp to kraken to a wallet you could be in your wallet faster than straight through kraken to a wallet?

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zhenya 2y ago

And is the idea this is better than usd to non-kyc directly because xmr/btc on a non-kyc exchange is tighter spread? So you pick up kyc on a few entities as a trade for tighter spread and better pricing?

Otherwise I don’t see why add the extra steps.