Just a remider that there are great nonkyc ways to stack sats. You dont need shit companys like swan.
You can use :
Azteco
Robosats
Bisq
P2P buys
https://bitcoiner.guide/nokyconly/
Also this site has a small mess of posts on how to use these services.
https://bitcoiner.guide/articles/
#fuckkyc
Bisq is TOP!! 😎🤙
⚡️
I cannot recommend robosats enough. It fucking works
I used Bisq many moons ago, but in my opinion it has become way to complex to use.
Robosats is so straight forward and easy to use I'd recommend starting with it.
Might add that I think the absolute best option is to find people in your local community willing to buy/sell BTC to you.
I'm surprise to see there isn't more effort out there trying to bring people together to trade among themselves.
I guess it is because someone is always wanting to get in on the trade by charging a small fee.
Yeah I really like the "sit down have a beer / coffee wait a block and hand cash over" method.
But is KYC still a problem if we use coinjoin? Or just multiple lightning nodes, and shuffle out sats around them? NoKYC is nice and sexy, but more expensive than the exchanges.
Absolutly. Things like coinjoin only give you forward looking privacy if your coming from a KYC exchange.
KYC is a permanent record of buying BTC. The price you pay for "cheaper" bitcoin is giving your identity over to potentially adversarial actors.
If bitcoin really is freedom money and if we really are out here to subvert the FIAT system there might be a point where your door will be knocked on by government goons because you bought Bitcoin on a regulated exchange where you handed over your personal information.
Everyone has their own risk tollerence but Im here assuming that things will get worse before it gets better.
So I checked the available noKYC ways of buying bitcoin. Azteco seems somewhat more difficult to track (in case government goons wanted to), but this can be used only for really small amounts. For somewhat bigger amounts, you would have to use one of the decentralized exchanges. And there the seller can ID you by you fiat payment. And who knows who the seller is, the same gov perhaps? Especially if you are dealing in larger amounts. So it is about who you want to trust, the unknown sellers, or central exchanges.
Purchasing face to face for cash is another matter, of course.
And really, who are the sellers on decentralized exchanges? I understand noKYC exchanges are intresting for plebs like us, but how often do we sell? Almost never? Speculators do not give a damn about decentralization, they are on central exchanges. Perhaps somebody makes a living of buying on Bitfinex and selling on Bisq, but how many such people would there be and how easy for gov to take them over if they wanted? So who are the sellers?
All good questions. And TLDR who knows. It could be a speculator playing the arbitrage between markets, it could be someone who mined before ASICs, it could even be feds, who the fuck knows. Thats kinda the point with a DEX IMO. Thats why you also take care to coinjoin the Sats you get from these markets before spending or storage just in case.
That’s a very smart move - coinjoining after buying at a DEX.
Although I never discovered a bad source for BTC bought at Bisq , there is still a possibility.
You can track the history of your coins using kycp.org
Folks that don’t care about KYC and/or need some fiat.
You guys must try swanxrp.com 🤣
I wish i bought a miner 6 years ago.
I used robosats once and the bank called me afterwards 🤣
Last I checked no one offering zelle usd exchanges now.
