BTC India
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Hi all. My family is about to receive a large sum of money for selling their house and they want me to buy bitcoin for them. Although I’m having trouble on what would be the best way to go about this, as traditional banks and the big four have made it extremely difficult to buy bitcoin. In fact, I made a phone call to NAB to question them on this very subject and they told me they are flat out denying any single crypto transaction to any single crypto exchange. Not even $100.
So my question is: What is the best way to buy bitcoin (preferably non-kyc)?
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View Reddit by Zealousideal-Lab4174 – View Source
Hey mate I’m in Aus to. Use a small bank. I use heritage after having drama with all the big ones. CBA, . On ramp your Fiat though coinspot …go nuts. If you’re not worried about kyc which you shouldn’t with Bitcoin as it’s transparent.
>What is the best way to buy bitcoin (preferably non-kyc)?
BISQ PR robosats
Otherwise, any solid exchange offers OTC services for large sums.
Above my pay grade.
My only suggestion is to post your plan (once you arrive at that plan) for scrutiny.
Anonymously.
For a house sale? In aus? that’s probably a whack. I would recommend finding an OTC broker [https://coinculture.com/au/exchanges/best-crypto-otc-trading-platforms-in-australia/](https://coinculture.com/au/exchanges/best-crypto-otc-trading-platforms-in-australia/)
something along those lines. Doing it without KYC is kinda tricky at that level without some already establish relationships with people.
If you are buying a house worth of Bitcoin, OTC desk could do that in one purchase order, otherwise you could make incremental purchases on exchange (but yes the banks are scum)
https://old.reddit.com/r/Bitcoin/comments/17tvu7h/best_crypto_exchange_for_aussies/k909036/
But it’s “your money”
Find a buyer that will pay in BTC
OTC because it’s more than 100K (I assume)
Bisq is good but you need to have some Bitcoin on the platform already which is used as collateral/escrow for security purposes.
There are also limits to how much you can buy from individual sellers.
Buying P2P also means higher spreads as sellers can ask whatever they want $$ wise.
Fiat deposit to an exchange is not a “crypto transaction.”
Your first mistake was calling the banks. Now they’re going to put a flag on your account for any huge amounts of transaction regardless of where it’s going to.
Crypto ATM machines