If you totally want to avoid any kyced third party involved, you only can trade in cash either in person or by mail.
Maybe you will find someone willing to trade in cash in the future.
Discussion
Maybe but I'm not at all holding my breath. I'm not moving out of my town at any point in the foreseeable future and like I mentioned prior, I'm in a relatively low-tech small town. Shoot, I took a look at BTC Map and the nearest ANYTHING on it was a single Bitcoin ATM over 30 minutes away and after that, it'd be close to an hour drive before anything else showed up. Goes to show how my town and area is old school.
Fortunately for privacy, this also does mean that most people still use (and accept) cash above payment apps and cards.
bitcoin atm is the second best option
usually the worst of it is authing to a mobile phone number
then you just go with cash if you are like me, saving in bitcoin
Yeah, I thought the same until I found out that they're charging a 20% premium for each transaction. So yeah, unfortunately, that definitely won't work for me when I'm just trying to do a trial run.
oh wow that's steep, i never saw them over 7% before
catching the wave i guess, i'm betting they will say "but muh volatility"
there is this project called "vexl" that i never got around to using but it uses social media graphs to find you trading partners
there surely must be p2p traders out here
#asknostr - does anyone know of decently scammer free p2p trading methods, not including the most well known ones...
Yeah, it's absolutely insane. I don't mind a small premium, but that's just way too high for it to be worth it for me. They don't require any KYC besides your phone number, which is okay with me, but you're obviously paying extra money for the "luxury" of the basic rights of privacy and security.
My concern is that if I'm doing peer-to-peer without a trustworthy mediator of some sort, then I'm basically putting my money at risk and I can't afford that at this point in my life. And honestly, even though I do believe in Bitcoin, I'm not so desperate to use it that I'm going to go to insane trouble just to get it. Hopefully the KYC laws will relax a little now that we have a pro-Bitcoin president on the way, but again, not holding my breath too much.
well, idk, i guess that's the price of minimal bullshit right now... since it's a percentage you can do smaller amounts and it's smaller amounts they take
i've been in this since 2012 and so i'd say that this is probably par for the course, money changers gonna money change, and this is why also a lot of bitcoiners move to more friendly places
Well, I guess it's really out because I don't plan on moving out of my town and if I do, I don't know if I'm necessarily going to find my way to countries that are more friendly towards Bitcoin. 😬
well, this is the world as it is, not as you wish it to be
True, I just hope that I don't get any more grief from some of the Bitcoin maxis (not you) that act as if I'm making excuses for not being able to use it. It definitely does suck, though, that I have to continue using the fiat system because of all their nonsense regulations which keep us locked in.
bah fuck them, if they don't read your account of your experience then they don't deserve your attention
besides, most of them have their ways to get cash and could actually help you out
i'm sure during this bull market there will be a lot of people starting up who have piles of bitcoin, who convert a part of it to cash and start selling it p2p
the amount of bullshit governments are doing these days to try and enforce their protection racket is probably higher than it ever has been
I'll be keeping my eyes open for any kinds of potential ways to get it to work for me, but I'm not going to actively hunt either because it just frustrates me when I realize none of them work (and I definitely don't need more stress on my plate right now).
I guess the best thing I can do is continue to research and keep my eyes open so that if something does come up, I'll know how to use it.
So this is the entire point of Vexl as you never trade with somebody that you don’t have a level of trust with it’s built off of friends and friends of friends, but it does it in a way that’s anonymous, discreet, and totally private from a user perspective.
So let’s imagine that you and I share five common friends. Well, that’s a pretty good start but as your network keeps growing, you’ll start to see that you have not only lots of offers, but offers with lots of mutual friends in common. This is how we do it KYC is dangerous for everyone. Opt out check out to Vexl and start trading purely peer to peer.
First off, I sincerely appreciate the sats! As for Vexl, does this mean I'd need to have friends to trade with? If so, I'm afraid I'd run into the same issue I have with the whole meetup thing. Aside from online acquaintances, I have no friends that have any crypto, much less BTC.
Great question! But this is the network affect in action.
This is a really common misconception . I don’t have any friends…
Of course you do, bitcoin is proof of work, of course you can’t expect to just open the app and there is everything you need. Things of value take time and work to build.
Now you might say I have no friends to trade with but in reality we are all seperated 6 degrees from satoshi himself.
So while you might not think you have any friends, bitcoin is here and you might be surprised to have friends of friends that are bitcoiners.
This is how it works.
My dog walker isn’t a Bitcoiner yet, but she’s someone I trust and multiple other people trust. She’s not on Vexl, she’s doesn’t have bitcoin but one of her friends is a Bitcoiner and is on Vexl.
So we can leverage our trust in our mutual dog walker friend to trade.
Over time it begins to scale. Where you have 25 friends or 50 friends in common.
That’s extortion. Our local machine is 5% fee and price is real time set on kraken price. Hopefully more competition drives things down