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0 sats \ 1 reply \ @orthzar 31 Jul 2023 \ on: Apeing bitcoin with credit cards and personal loans - burn the bridges with fiat bitcoin
Is it feasible to purchase non-trivial amounts of non-KYC BTC with a credit card?
I talk about this in my post. You have to find a way to convert that credit to cash first. A portion of most credit limits can be immediately converted via cash advance, but that is usually 30% max.
The rest, I found one way that worked for me is to buy gold with the credit card from an online dealer. Then sell it back to them for ACH payment. You lose about 8-9% on the arbitrage. If anyone has better ideas for converting credit cards to cash I'm interested.
Once the cash is in your bank you can buy KYC or non-KYC, doesn't matter
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