I originally posted this as a comment, but a kind user suggested I make a separate post so more people can see it and guide me better. They even sent me the sats needed to cover the posting fee! I'm so grateful and happy to find such a supportive community here. I hope to learn a lot from you all.
Could you please spare a few minutes to guide me?
I live in Iran. Because of the crazy inflation here, everyone is trying to move their savings into crypto just to survive. Our national currency loses value every single day. But we face big problems: the government monitors exchange activities closely. If they see us buying crypto, they classify us as "wealthy" and cut off our subsidies and food coupons. On the other hand, major foreign exchanges block Iranians and freeze our assets.
I found a way to buy some LTC and Polygon (MATIC) manually through Telegram groups, but they don't sell Bitcoin because of the fees. Now I have some LTC in my wallet, but I'm terrified of the price dropping and losing my hard-earned savings from years of working in a tailor shop. I’ve been searching for a way to swap LTC to BTC/Lightning without KYC or registration, but I only find big exchanges that require ID.
If you know any safe, non-KYC ways to swap these into Bitcoin/Lightning, please help a fellow pleb out. Since I'm using Google Translate, I apologize if some parts are hard to understand. Thank you for your time and for welcoming me here!
I haven't touched altcoins for years but there are some swap services that you could exchange for Bitcoin. It's pretty intuitive.
Try Fixed Float or Trocador App
https://ff.io/en/
https://trocador.app/en/
This comment is valuable. On those two sites, you can exchange shitcoins for Bitcoin. And on Robosats and the Telegram bot lnp2pbot, you can exchange fiat or stablecoins (USDT-USDC) for Lightning Bitcoin.
Yes, I also thank you for your guidance, dear friend
Thank you. Another person suggested one of these. Thank you too
Can you explain better so we should understand you easily
Try https://stealthex.io/
Or search 'non kyc exchange' and then further research their reputations.
Always try small amounts first until you can be confident of the platform.
Welcome to Stacker News
If you can attach a sending wallet as well as the receiving wallet you have already I will zap you 5000 sats.
It would be amazing to have a genuine Iran citizen here on Stacker News and if you could tell us more about life and events there now at this time it would be much appreciated and invaluable.
Thank you, I will definitely check and research more about that method And I am very, very happy because I am from Iran, it was interesting for you and you would like to hear more about Iran, which is wonderful, and I will be happy to tell you any point you would like to know about Iran and Iranians. In this way, maybe I have compensated myself for one percent of your kindness, SN members. ...... But apart from these Thank you for the offer, but I'm honestly a bit confused and scared now. When I started learning about crypto, I was told two things very clearly: Never click on random links. Never show your wallet balance or address to anyone. I really appreciate the 5,000 sats, but my main priority is just learning how to swap my LTC to BTC safely and keep it in a secure wallet where my savings stay private and invisible to the authorities here. Please don't take this the wrong way—it's not that I don't trust you—but I'm very new to this security stuff. Why do you need to see my wallet address or know how much I have? Does showing my address put my coins at risk? I'm just trying to be careful because this money is all I have.
Not asking you to show your wallet address or how much you have.
You should always keep most of your Bitcoin in a secure wallet on L1...preferably a cold storage wallet if it is a significant amount.
But you can also use BTC for making and receiving sats denominated payments on the L2 Lightning Network (LN).
You must already have a LN wallet to have attached your receiving wallet so I assume you have some understanding of the difference between L1 and L2.
Attaching a LN sending wallet is very similar to attaching a receiving wallet as you already have done except it enables you to send sats rather than receive them.
I would suggest using a LN wallet that is free of KYC, such as coinos.io and only keeping a small sum of money on it.
You are right to prioritise converting from LTC to BTC.
You asked for suggestions and most respondents have warned as I did, to go cautiously with small amounts, and Do Your Own Research.
If you are not serious about SNs and more broadly participating in the wider dialogue on here then no need to attach any wallet...but if you are serious about Bitcoin beyond purely its SoV potential and are interested in its capacity for censorship resistant P2P payments and dialogue then SNs is probably a good place to learn and participate.
SNs is a V4V sats based social media designed to show how Bitcoin can build a censorship resistant social platform with low spam and high quality content.
Attaching a spending wallet is a PoW verification you are here to contribute with reciprocity and not only extract monetary value.
As always - Do not trust - Verify!
Hi friend, first of all I have to say welcome to SN..... But to answer your question, it is better to consult with some other older and more experienced people here to guide you and hear their opinion. But if your decision was to change your currency to another currency and not register and authenticate anywhere, I think fixedfloat is a good option, it is very simple and well designed and you can do it. And do it with a smaller amount of 5 or 10 dollars first, if you could do it without mistakes, then you can do the amount you want. .... I say again, be very careful and definitely wait for the opinion of the experienced people who are here and see what they suggest to you and don't just make a decision based on one person's words. Good luck. I hope you got the answers to the questions.
Hello, thank you. I'm really stuck here, it's like a piece separated from a world full of theft and cowardice, where you can't trust anyone, this is a piece as if it was separated from that world and remained clean and safe... I'm really happy to be here, thank you for your guidance, dear friend.
Who do you think will be insane to give you valuable sats for those shitcoins?
You played with shit, you eat that shit.
SHITCOINERS MUST PAY FOR THEIR STUPIDITY.