The site is https://bisq.markets.
I understand that the current price listed for each fiat is simply the price that was paid in the latest trade in that currency. You’ll see some fiat prices are below the equivalent “mainstream” market price. This means the latest trade was likely a fiat seller putting up an offer to buy BTC below market price and a BTC seller accepting that trade.
This might be a stupid question, but if someone bought KYC btc off an exchange and then sold it on bisq to me, would that still be considered nonKYC for me? #KYC #plebchain
I would say yes that would be a KYC free purchase. KYC/AML is the requirement for regulated institutions to collect personal information about customers. This makes it easy for state actors to identify you should they wish. Buying through KYC channels means next to zero anonymity for you. The smart plan is to be increasing your anonymity around purchases as much as possible. Things like mining and cash purchases (possible on Bisq) give you a very high degree of anonymity but it is hard to build a substantial stack in this manner. Buying through a p2p exchange using bank transfers is far more straightforward than mining and cash purchase say, but reduces your anonymity to a degree. Your counterparty will know your name and bank details, your bank will have record of the transfer as will the other party’s bank, though it would not be immediately obvious what the purpose of the transfer was. Someone would need access to the BTC seller’s xpub to be able to infer which UTXO was involved.
My point being that using Bisq puts a significantly higher barrier in front of state actors looking to confiscate or punish. In a 6102 scenario states will go for the 99% that used regulated exchanges. Don’t be part of the 99%.
When introducing interested friends and family explain this to them. If they want to dabble a small amount but want a path of least resistance don’t let an exchange be that path. As an example buy through Bisq on their behalf and send some sats to a BlueWallet on their phone.
In that sense what’s to stop myself from sending my exchange bought KYC BTC to another address that I own. I can say that it was lost and got hacked, coins were transferred out. Technically the new address would be ‘KYC-free’? Maybe this is extremely dumb haha but tell me why.
If you’ve already gone through KYC then it’s trivial for the state to know you’re a current or past owner of bitcoin. If you can’t prove you’ve sold it they would likely assume you still have it. If you have a government that fights rather than embraces bitcoin that’s a stressful situation to find yourself in. Additionally, data leaks from hacking or a release as part of bankruptcy proceedings could reveal your address and the fact you own bitcoin. Not something you’d want to have happen.
If you’ve bought on a KYC exchange I’d recommend doing what the likes of #[4] recommend and sell through the same exchange again then buy elsewhere.
Bisq can be cheaper than a centralised exchange and have no excessive fees to withdraw either.
Followed 🫡 #Plebchain
