2 sats \ 5 replies \ @BlokchainB OP 21 Feb 2022 \ parent \ on: From BlockFi to no KYC -2M sat bounty bitcoin
No yield. Just want NO-KYC sats from fiat to BTC no swaps with so called privacy coins
I guess based on other replies - it's not clear what do you mean by "no-KYC"? What does that mean to you and what is the end result you would like to see?
KYC are guidelines that are enforced as part of AML user exclusion policies. "no-KYC" bitcoin is not a well defined thing, but many people will see it as coins that are not associated with your identity in anyone's system, but only your own (e.g. your computer, or your paper).
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No-KYC means you can buy or sell Bitcoin without government ID.
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Sure, but it's not clear whether OP wants to have a record with government that he/she owns BTC or not (i.e. does OP first need to have a sell event).
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It’s simple actually. Buy with privacy at point of sale. No trace of transaction as of today nothing is more private than cash.
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To ask more directly: Are you ok with having record with government that you own some BTC (since you bought it and not reported any sell event), or do you want the "government" to think that you do not own any BTC?
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