10 sats \ 1 reply \ @lightcoin 23 Jan 2023 \ on: We've changed our mind about Custodial Wallets bitcoin
In the btc world, custodial wallets almost always require kyc.
on a long enough time-scale, all custodial services will either a) kyc, b) exit scam, or c) get hacked
and if they grow to a certain size, kyc is guaranteed
what's the easiest, non-KYC way to go from fiat to sats (not fiat to btc)?
local exchangers who can turn physical cash into sats. this means doing the legwork of building up a local market of exchangers who hold inventories of sats and are willing to meet with people / maintain a storefront and do the exchanges.
otherwise, there are a bunch of options at https://kycnot.me/ , things like azteco, and bitcoin teller machines.
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100 sats \ 0 replies \ @BOLT11Village OP 24 Jan 2023
on a long enough time-scale, all custodial services will either a) kyc, b) exit scam, or c) get hacked
This is unfortunate, but probably true
there are a bunch of options at https://kycnot.me/
What an awesome page, bookmarked, thanks!
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