True that. Same for robosats on that first buy.
If you’ve saved up some zaps in any non-kyc Lightning wallet, you might be able to use those as escrow for a smaller initial purchase, and then scale up from there on future buys
Discussion
Ahhh good to know about robosats. Haven’t used that one thanks for the heads up!
It’s a great platform!
Side question on your mentioning of using zaps from a non KYC wallet.. would you consider something like WoS which takes your email, or any sats earned on apps like sMile and thndr games (also takes email I believe) to be KYC?
It’s a great question, without a great answer lol
WoS only requires your email to back it up, but there’s no reason you couldn’t spin up a side email (ideally at protonmail) to use just for that. And honestly I’m not sure how much info any of these apps learn by default when you download them from the App Store.
Ultimately, KYC isn’t all or nothing. In the most serious circumstance, it’s an entity having all of your identifying info and associating it with every Bitcoin purchase/transaction you make.
An email or a debit card number is identifiable, but doesn’t result in the same honeypot of hackable personal data.
I like the “separate side by side stacks” model. Two separate wallets, two separate sets of addresses. One is KYC’d and bought on an exchange, using spot purchases, easy DCA, and limit orders. Usually this is someone’s first stack.
Then a separate one, purchased privately peer to peer.
Tagging in #[4]​ whom I believe has some great resources on this topic, but I can’t find them at the moment
Email only is not KYC, but if your email is firstname(.)lastname@gmail.com then your certainly leaving some very obvious clues!
Lol yea that makes sense! Thank you I’ll def be doing some digging in
It’s a great question, without a great answer lol
WoS only requires your email to back it up, but there’s no reason you couldn’t spin up a side email (ideally at protonmail) to use just for that. And honestly I’m not sure how much info any of these apps learn by default when you download them from the App Store.
Ultimately, KYC isn’t all or nothing. In the most serious circumstance, it’s an entity having all of your identifying info and associating it with every Bitcoin purchase/transaction you make.
An email or a debit card number is identifiable, but doesn’t result in the same honeypot of hackable personal data.
I like the “separate side by side stacks” model. Two separate wallets, two separate sets of addresses. One is KYC’d and bought on an exchange, using spot purchases, easy DCA, and limit orders. Usually this is someone’s first stack.
Then a separate one, purchased privately peer to peer.
Tagging in #[4]​ whom I believe has some great resources on this topic, but I can’t find them at the moment
Wow thank you so much for all that! I’ll def give
Give them a follow* sorry hit the post button by accident lol
Any time! This is unsurprisingly one of my favorite topics lol
Lol hopefully it’s ok if I follow up with any other questions or insights
Robosats is great. You can also use Peach to get some non-KYC Bitcoin, convert to LN with Boltz, then deposit on Robosats is no problem.
Hopefully we’ll have peach in USA one of these days 🥺
If it’s good, it’ll likely stay illegal.
Sorry, lil bit of American cynicism leaking through there.
Lol, can’t blame ya
I don’t think it’s illegal, but they just haven’t tried to launch in USA. I don’t know that with any certainty, though. I’d ask them on Twitter but I’m 2.5 months clean from that app and not about to log in now lol
You should be able to use it from the US. Just choose currency as Euros, select Amazon vouchers in a few European countries as payment, then whatever sell offer you get, go to their country's Amazon site with your normal account to buy the voucher and pay in Euros. Easy peasy.
For some reason (guessing legal) it only allows bank transfer if I select GBP but I hit EUR and I can add Amazon gift cards from all over the EU.
Nothing fishy about it from Amazon's end. You just had to buy a voucher for a friend abroad. I didn't even get extra verification when I went to pay or anything.
I think the issue is downloading Peach in the first place - when I tried a few months ago, there was no way to do it