Nostr Web Client

GM Nostr.

Don’t get used to BTC content on my feed (I mostly block this stuff), but I have a question about it that I think Nostr can help with.

Yesterday, a friend of mine went on and on about buying BTC with fiat in the UK and the risk of being debanked. Apparently, some banks are closing accounts even for people who buy BTC from major KYC-enabled exchanges (e.g., Coinbase, eToro, etc.) and pay their capital gains taxes on it. I.e., folks that ar3 totally within the system. Yet apprently some banks still “won’t take the risk” and will debank you on short notice without explanation.

I was a bit surprised. I don’t buy BTC very often, but I’ve never had any issues myself, other than the usual KYC hassle and the 24-hour wait before your first transaction.

For UK-based BTC maxis: how are you buying Bitcoin right now? Any recommendations on how and where to buy, and how to pay for it?

PS: Let’s skip the “I go to Dodgy Dave’s house in Grimsby and pay in cash” replies, please 🤣

#gm #askNostr #btc #UK

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Discussion

idsera 2mo ago

Já fiz assim no Brasil, talvez funcione aí também: nostr:nevent1qvzqqqqqqypzqcv676nqk0lycue64jsxr3fzejw8euwc0m6vjz86e30djdknhherqythwumn8ghj7un9d3shjtnwdaehgu3wvfskuep0qqsrp9w0em06ykunxcke8ygw6jdw6600gjr3rnzu3mj6p5hj3u4gxcqvu0adr

Anthony Accioly 2mo ago

Vou dar uma olhada. Obrigado!

Você sabe se eles aceitam cartão ou algo além do Pix (os BRs aqui geralmente só tem contas de não residente no Brasil que possuem várias limitações, então Pix acaba sendo uma opção complicada que ainda envolve o risco de câmbio).

idsera 2mo ago

Para cada país existe uma forma de depósito diferente.

Anthony Accioly 2mo ago

Perfeito. Vou dar uma olhada. Agradeço novamente. Acho que no caso de quem só quer comprar BTC e transferir para uma carteira externa o segundo app é suficiente né?

idsera 2mo ago

Sim.

verbiricha 2mo ago

hodlhodl, bisq, Robosats and lnp2pbot are no KYC P2P marketplaces. many payment methods available, not only banking rails.

Anthony Accioly 2mo ago

I'll have a look, many thanks!

ed 2mo ago

https://strike.me/en-GB/ nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9

Anthony Accioly 2mo ago

Thanks!

Yojimble 2mo ago

Bridge2bitcoin were recently helping a pub to accept Bitcoin and when their bank found out they threatened to cause hassle with investigations etc so it can happen

nostr:nprofile1qqs2gazhwghppw36yu0muuzqykdrcndzeafml50pnqfcy9xjx5rylssppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgmwaehxw309ahx7um5wghx7unpdenk2urfd3kzuer9wchsg3ewyk nostr:nprofile1qqsdhc93hklp988r3km4844fjln298nf8t7s92sar7dsqha88ph9cfspzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcz0sgnq @vexl nostr:nprofile1qqsyx53h3h7ec4fwlspjq0kqec5gv54t7rc48xdtq6q4y94wsw4fnjqpzamhxue69uhhxetpwf3kstnwdaejuar0v3shjtcs65gs8

Drew 🐂🚲 2mo ago

nostr:nprofile1qqsyx53h3h7ec4fwlspjq0kqec5gv54t7rc48xdtq6q4y94wsw4fnjqprdmhxue69uhkummnw3ezuumpw3ehgunpd35kztnrdakj7qghwaehxw309aex2mrp0yhrq7rrdpshgtnrdakj75aszmg is awesome. 10/10

sudocarlos 2mo ago

i'm not in the uk but i would recommend splitting paychecks to be direct deposited into exchange account in addition to current account(s)

Anthony Accioly 2mo ago

Like ask your employer do split it for you and deposit directly on am exchange? Very unlikely in the UK, unless you are working for a Crypto / Web3 company.

sudocarlos 2mo ago

in the us, payroll is often handled electronically and employees can update the info on their own. so theres no need to actually ask permission unless the employer or payroll company place restrictions

Anthony Accioly 2mo ago

In most big companies in the UK, it works like this too. But it only accepts a UK sort code + bamk account number (i.e., proper banks or bank-like fintechs; not crypto exchange accounts, as far as I know). I’ve also never worked for an employer whose payroll system lets me split my salary, though it might be possible by calling HR / Payroll team.

For people in investment banking, you’re often required to pre-clear crypto transactions before buying or selling; just as you would with stocks, ETFs, bonds, etc.