What are your current steps/tested recommendations for refilling your LN wallet/s. Asking for a UK-based friend…
#AskNostr
#UK
#Brits
Discussion
buy p2p on robosats
Would you describe your experience as simple for a newbie?
Sure,
people post their sales of btc and highlight acceptable payment options. you pick which buy you want. once picked, you lock a small amt of btc as a temporary bond with robosats. seller of btc then locks in the total amount of sale eith robosats. you and your peer then enter a private chat channel in robosats, where they provide details of how you send them money. once youve sent, peer then confirms in robosats they received, and the btc is unlocked to be sent to you.
Thank you - have you had any issues with it?
Kraken
I guess it depends on preference, and level of inclusion.
Level 1 (Full KYC)
Use Strike, Cashapp to buy btc, and send it to self-custody address.
Level 2 (No KYC but company knows bank details)
Use Relai, Peach bitcoin to buy btc, and send to self-custody address.
Level 3 (Only peer knows bank details)
Use Robosats, Bisq, HodlHodl to buy btc and send it to self-custody address.
Level 1 - Level 3
⬆️ Privacy increases
⬆️ Effort to use increases
⬆️ Discomfort increases
I hope it helps.
Thanks! Yes, it really does come down to a combo of privacy, ease of use, risk and availability. Strike, Cashapp, Relai are also not available to those in the UK for buying Bitcoin.
Hmm, that is bad.
Peach bitcoin is?
Not quite sure about Peach Bitcoin. It’s a P2P model, so more like Robosats, Bisq etc. But as with Relai and Pocket Bitcoin, the problem with the UK is generally with gov regulation that prevents them from operating in the country. Furthermore, the banks prevent/block the transfer of funds to them. It’s basically full KYC or P2P in the UK.