#asknostr

is there any point in doing a p2p buy on Binance , as opposed to a straight card buy? like if Binance could hand over the info any time , really, is there a point ?

haven't started learning about robosats yet , but keen to start my dca in as non-kyc way as possible

Reply to this note

Please Login to reply.

Discussion

You need to have some lightning to start. Non custodial preferably, since the alternative word l would partly defeat the purpose. Not that easy to do it the right way. Apart from that easy to do. If you buy more, at some point the payments to random people might seem suspicious. You can also go to meetups etc. Other good alternatives are Bisq (more difficult in my opinion) and Peach (very easy, but new and centralized).

in some countries people not allowed to use cards to buy on binance or have limits. p2p is for them. second - some people don't want their bank to know that they transacting with binance. because in p2p case it looks like they just sending money to private person and in this case it impossible to connect this transaction to bitcoin

thanks , I think I will try to buy without any kyc since Binance will still have a record of what happened within my account itself