Where and how do you guys buy Bitcoin without an exchange? I'm stuck with Coinbase/Kraken. Then transfer to Ledger from there. The direct ones on Ledger are $$$
Discussion
Delete your exchange accounts RIGHT AWAY!!! Do not use Ledger products. Robosats is a great alternative. ATMs are also great alternatives if you don't mind the fees. A solid, open-source, Bitcoin only hard wallet that is great for beginners is the Blockstream Jade.
Im not so concerned with secrecy and privacy. I use Bitcoin for legitimate purposes. So best rates are my focus. I am however interested in security. I was researching the Ledger breach and it appears it was related to their point of sale system/logistics. What is the alternative? I also have ETH so I can't go to a Cold card.
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Just having an honest conversation here. Any exchange ive used here in the US has verified my identity (by law). So at this point I want the best exchange rate vs hiding my $100 bitcoin purchases. I don't want to be one of those people that wake up and tell everyone all their crypto magically got moved while they slept. So I am open to learn.
Bitbox02 has an option that holds Bitcoin and altcoins. I've had a good experience with it. I've since become more of a btc maxi, though, so I don't really put that capability to use lol
Lol. I'm just trying to wrap my head around how you be concerned about security but not secrecy or privacy. Look, bud. I explained everything in my previous comments. Best of luck.
All have become a huge focus of mine as of late. All DEXs from here one and no co-mingling with my KYC tainted wallets.
Robosats and ATMs, brotha! The best ways, imo. Robosats is still best though.
Easy. Don't want to go to dodgy atms in the ghetto to pay crazy rates to get half the bitcoin I can get from somewhere else. All you said was don't use Ledger. What is your setup? How do you move it around and liquidate it?
Half? The most I've ever paid at an atm was 12%. That was only once and I've used them quite a bit. Still do from tike to time. Robosats is my go to at this point because it can connect to my CashApp account and enable me to do clean transactions. Why would want to liquidate your BTC?
I might need money to buy a house or something (hypothetically). I will look at Robosats. Looked at the Jade, like that it has the built in camera.
The Ledger comment was not all I said.
This can help you find BTC ATMs.
bisq and other decentralized exchanges are much more expensive to buy from.
and they are only good for very small amounts.
if you do not live in a place where there is no extortion, you do not need to care.
even if you do, you can always go to a decentralized exchange and buy monero. no one will know that you even own it
Don't trust Ledger. They had a brief but huge data breach a year or two ago. Imagine how much customer info was leaked. 👀 Not to mention that they aren't open-source, which is a big red flag, imo. Sketchy...
One more thing: don't EVER use Bluetooth when performing BTC transactions! That's a no no!