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I remember @wiz talking about buying bitcoin on bisq with cash in the mail on a podcast years ago, but didn't understand how that worked and what the limits were. It's all pretty straightforward by the sound of it and the limits are $3,000 (if they haven't changed):
Next, enter the percent premium, or price, to pay but keep the total buy amount below $3,000. If the total is more than $3,000, then the Post Office cashier will be required to ask for identification. This is a trade-off that must be made for non-KYC Bitcoin. However, it is possible to acquire multiple US PMOs across a few days.
If this is your first time buying a US PMO, let me tell you; it is easy as pie. It is your right to use the USPS money service so exercise it. Simply, walk up to the cashier and tell them you want a money order for $XXX.XX. Complete the exchange and ask for a printed receipt (keep this for your records in case of arbitration). Should they ask you for identification, as nicely as possible tell them, “I do not have it on me and I am pretty sure I am not required to show identification for a US PMOs under $3,000.” Alternatively, try a different USPS or return later.
200 sats \ 3 replies \ @BlokchainB 3h
I used to do this with bisq but I gave up. Way more hassle than what it was worth for only $50 in sats. Plus a lot of the sellers just sold you their coins from strike or cash app and took the no KYC premium.
I always thought this was a slow way to end up with less sats than someone who KYC’ed. At the end of the day you end up with the privacy bro ends up with less sats by trying to protect themselves from an unforeseen threat that may never materialize.
Not to be critical of early bitcoiners but they should have pushed back harder on making KYC exchanges a thing the but fiat gains became too juicy to the fact that staunch no-KYC’ers like Matt Odell end up investing in a Major KYC exchange like Strike.
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kyc is a complex topic
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I always thought this was a slow way to end up with less sats than someone who KYC’ed. At the end of the day the privacy bro ends up with less sats by trying to protect themselves from an unforeseen threat that may never materialize.
Typo
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0 sats \ 0 replies \ @k00b OP 3h
I think for anything less than $3000, it'd probably make sense to use robosats these days, but I get your point.
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