The on/off ramps into BTC are still being heavily gated to the degree that individuals are blocked from making sizable purchases.
For instance, if I want to purchase 1 BTC using a N0-KYC method I'm not sure if that is possible. One could use RoboSats or Bisq to make smaller purchases.
Anyway, this is likely what forces most into using KYC methods to purchase BTC.
Facts
I will sell you 1 BTC no KYC if you pay up front.
You don't want to pay up front, which is why it should be broken down into smaller amounts for each trade 🤙
If I tried to use any bank to send some random anon 100k USD there will be bells ringing all along the AML dept, wire blocked immediately and serious questions to be answered. Cash is impossible. How could I get a briefcase of cash?
Honestly I do not see any way to buy even 0.5BTC non KYC in single transaction.
Pleb is left buying 1-2 million sats at once.
If they refused to wire the money, you could withdraw the cash.
However, if you would insist on going to all this trouble to prove a whole Bitcoin can be bought at once without breaking it down into smaller parts, I would have to charge you an insanity tax on top of the normal price of a Bitcoin. Let's say a total of $100,000.01
Fair enough
😎
