BTC India
First of all: I’m not a fan of Bitcoin, I never was. I’m not convinced that it functions the way electronic cash should function. Maybe it does, what it was intended to do (digital gold, store of value, scarcity), but at least the title of the whitepaper is very misleading, because it’s absolutely nothing like cash.
A public, transparent ledger & a maximum supply may be great for protection against inflation & debasement, but it’s a nightmare for individual & collective privacy. If someone links your public adress to your real identity, your cover is blown. You can’t silently move your coins or pretend you lost them. If you buy something & the receiver adress is also not anonymous, it’d be clear what you bought, how much you spent & how much you hold currently. It’d be fine if the only ones who knew it would be trustworthy people. Unfortunately oppressive, outright evil & diabolical governments exist, which can also find that out.
Bitcoin is simply lacking fungibility & privacy, which is why I can’t call it perfect money.
This is not news, Bitcoin isn’t anonymous, especially with all the regulation these days. Everybody knows this by now, except a bunch of boomers, who still believe Bitcoin is the “currency of the dark web” & that only criminals use it to hide their identity when transacting.
Reason for my post: I may not like Bitcoin, but I must admit I’m bullish long term & I want to hold some (buy & leave it in cold storage for years). I think media will continue to promote/shill it & future generations are more likely to hold something like Bitcoin, rather than Gold.
Stock-to-flow is very high & it simply is scarce, not everyone can own a lot of Bitcoin, it prices people out. That’s kinda all it has going for it, but I believe it’s enough to make the price go up. I’m in it for the momentum & potential & would trade it for assets I really desire, if the price of Bitcoin gets high enough for me to aquire these assets.
My actual question is:
How can I buy Bitcoin safely & anonymously, without KYC?
All the research I did points me to buying with cash. But how can I even make sure that the coins I’m buying with cash aren’t tainted & weren’t mixed?
I may not care if I buy ‘dirty’ Bitcoin, but maybe an exchange will, once I deposit my Bitcoin to sell them. Maybe peer-to-peer options won’t exist 10 years from now due to regulation & trade for fiat will only be allowed through centralized exchanges, which could freeze/confiscate my Bitcoin if they blacklisted my wallet for receiving Bitcoin from another blacklisted wallet in the past.
View Reddit by kapliger – View Source
You should buy bitcoin from another person (peer-to-peer) if you want to buy bitcoin with cash without KYC.
You can buy bitcoin directly from someone that owns bitcoin and that is willing to sell you some. You can buy bitcoin from someone that you meet at a Bitcoin meetup that is willing to sell you some bitcoin. You can buy bitcoin from a bitcoin seller that advertises on a classified ad website like Craigslist or Gumtree. Or you can use a peer-to-peer cryptocurrency exchange to easily find someone that is willing to sell you some bitcoin.
[Bisq](https://bisq.network), [RoboSats](https://learn.robosats.com), [Hodl Hodl](https://hodlhodl.com), [AgoraDesk](https://agoradesk.com), and [LocalCoinSwap](https://localcoinswap.com) are some of the peer-to-peer cryptocurrency exchanges that make it easy to find someone to buy bitcoin from (peer-to-peer) without KYC.
[Bisq](https://bisq.network) is a decentralized and open source peer-to-peer cryptocurrency exchange that does not perform KYC. Bisq is decentralized, so you have to run the Bisq application on your computer in order to buy or sell bitcoin on Bisq.
[RoboSats](https://learn.robosats.com) is a peer-to-peer bitcoin exchange that does not perform KYC. RoboSats has Lightning Network integration so that you can deposit and withdraw bitcoin over the Lightning Network.
[Hodl Hodl](https://hodlhodl.com) is a peer-to-peer cryptocurrency exchange that does not perform KYC. Hodl Hodl has Lightning Network integration.
[AgoraDesk](https://agoradesk.com) is a peer-to-peer cryptocurrency exchange that does not perform KYC.
[LocalCoinSwap](https://localcoinswap.com) is a peer-to-peer cryptocurrency exchange that does not perform KYC.
All five of these peer-to-peer cryptocurrency exchanges that I have listed do not require you to provide them any of your personal information in order to buy or sell bitcoin. Many of the bitcoin sellers on these peer-to-peer cryptocurrency exchanges do not request any of your personal information when you buy bitcoin from them. But some of the bitcoin sellers on these peer-to-peer cryptocurrency exchanges do request your name/ID when you buy bitcoin from them because of certain laws/regulations or to help prevent them from getting scammed by fraudsters paying them with stolen accounts.
Many bitcoin ATMs do not request your KYC info when you buy less than a certain $ amount of bitcoin at a time, but all bitcoin ATMs do have a camera in the front of the machine.
Store it on a trezor, send it to coinbase and trade it for dirty fiat when you need it like the rest of the normies. Idk about anywhere else but it sounds like a ton of people are drowning in debt, living paycheck to paycheck and are too dumb to understand bitcoin. Anyway sorry for the rant, you’re probably looking for Bisq
I don’t think you fully understand how the addresses work. Your cover isn’t blown if someone knows your address. You can generate as many public addresses as you like and senders will only see activity sent to that address. Nobody will know how much you own.
Fans only
this limp dick lol
> how can I even make sure that the coins I’m buying with cash aren’t tainted & weren’t mixed?
You can not
Now go away. Bitcoin does not need you
[deleted]
I’m curious, how can someone link your public address to your real identity if you made any transactions without KYC?
Others have answered your question already, but I am curious about this part.
>not everyone can own a lot of Bitcoin, it prices people out.
I don’t get the reasoning here. How are people priced out? People can buy and hold BTC at any price or personal wealth level above poverty. It’s not like being priced out of a house in the city or holding some expensive asset.
Without KYC nearly impossible now ( p2p but dont meet in person cash vs btc because you will get ripped off)