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How can I safely buy Bitcoin without KYC, what are the best way of storing my Bitcoin, are there any other uses except for financial exchanges (can one build apps and websites on top of the blockchain). Those are just some of my questions. Might sound stupid, I’m a tech savvy but I have no proper knowledge of cryptocurrency and blockchain.

BureauGewas Realist Painter 11mo ago

Couldn’t you open a lightning channel using KYC Bitcoin and just keep the money within the lightning system forever? Just exchange it back and forth for goods and services?

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Discussion

Kevin Cyber 11mo ago

I think I could, do I know how? No 😄 I’m gonna learn, thanks for the answer 💪🏻

BureauGewas Realist Painter 11mo ago

This could be a strategy if you’re selling stuff using sats. As soon as you make the transaction on chain its traceable. But only you can see your lightning transaction.