To protect your privacy with #bitcoin, it's simple...
1. Always buy KYC-free
2. do not reuse the same address.
Discussion
But there are always those geniuses who will tell you...
Buy on exchanges with KYC, it's cheaper, then do a coin join, whirlpool, another coin join (remembering that there are fees throughout this process) and finally do a double twist carpado 🤣🤣🤣
Ha ha seriously!
Another way to turn kyc sats into clean sats is to just use the kyc sats to rent hash power and point it to a pool that doesn't do kyc. But you can lose quite a bit this way if the pool doesn't find enough blocks during that time or if the hash power price is too high.
Lmao I didn't know this strategy, save it in the don'ts folder. 🤣🤣
Money laundering is usually costly no matter how you do it.
I agree with you.
I managed to get a 1:1 exchange a couple times renting hash power on Nice hash and sending it to Braiins pool, but a couple other times I tried it I lost almost half.
I'm always trying different shit with my Bitcoin though. 🤷
😱😱😱
I was thinking about what you said about money laundering...
I had a friend who sold marijuana, he only worked with money because of that. Today he could buy bitcoin p2p, pay with a bank slip directly at the cashier and then use some exchange to get his way back, and to the feds he says he is a good trader. 🤣🤣
The whole reason why exchanges, brokerages, and casinos do kyc is because those are the most efficient methods for laundering money.
Perfect. This reminded me of a curious fact.
In my country, a guy known as a bitcoin geek, rug pulled the two biggest organized crime factions into something like this. 🤣🤣🤣
What’s your fav place to buy non kyc sats?
Any recs for someone who already has a kyc’d stack?
I prefer to find dealers, especially here in #nostr
I already had a KYC stack, in my opinion I prefer to sell everything and repurchase. But you can also just start another stack, remember to never mix the stack in that case. 🤙
I have been using Bisq. Some overhead to set up though.
My favorites are Bisq and Robosats
What’s the best place to buy non kyc bitcoin?
I prefer a dealer, right here in #nostr you can find one that serves your region.
You might want to look into this.
bitcoiner.guide/nokyconly/
I started with a no KYC stack. And then got a KYC stack later, in case I ever need to liquidate for a large amount of fiat to pay a house or start a business. Keep them in separate wallets.