How Do I Buy Bitcoin Privately ? \ stacker news ~bitcoin

How Do I Buy Bitcoin Privately ?

212 sats \ 12 comments \ @J7hT9 26 Aug 2023 bitcoin

I am looking for ways to buy Bitcoin, I know the platforms to use however I don’t how to use these platforms.

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177 sats \ 1 reply \ @nemo 26 Aug 2023

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21 sats \ 0 replies \ @AR0w 26 Aug 2023

Sn really need a pinned posts section where bitcoiners can find best resources and answer to their question

It will be a cool option for sn

Its Like the juice of sn all in one place

100 sats \ 0 replies \ @mallardshead 26 Aug 2023

Here's the full list: www.kycnot.me

I'm active on Bisq, and although it's an absolutely epic TOR-based exchange, it's a little power-userish I'd argue. Avoid if you're a newb.

I also use Robosats the LN TOR-based DEX. It's easier. Never had a problem. You'll need a Tor browser. Here's all the tutorials for it: https://learn.robosats.com/watch/en/

I haven't used Peach but people I trust rave about it, and it's the easiest of all the platforms, because it's clearnet, has a testflight iPhone app, and good volume. Quick start guide: https://peachbitcoin.com/quick-start/

Can't speak for the rest that I have not used.

29 sats \ 0 replies \ @1c8c319862 26 Aug 2023

https://learn.robosats.com/

22 sats \ 2 replies \ @btcs 26 Aug 2023

HodlHodl - Buy and Sell Bitcoin NO KYC https://hodlhodl.com/join/RTTA HodlHodl is a platform that enables users to buy and sell Bitcoin peer to peer with no need for KYC and honeypots of personal information. This video walks through how to use the website.

0 sats \ 1 reply \ @fiatdenier 26 Aug 2023

How do you verify BTC you are buying is not from a KYC exchange?

0 sats \ 0 replies \ @cryptocoin 26 Aug 2023

You don't. But hodhodl doesn't have your info. And holdhodl isn't custodial. But they do get a fee, and that pmt for the fee is a leak, I believe.

So I think there is a way from blockchain analysis to determine that coins withdrawn from coinbase, by customer X, for example, were then traded on hodlhodl -- presumably by X . But x doesn't know you, coinbase doesn't know you, hodlhodl doesn't know you.

But let's say your payment method was bank trsfr. Well, authorities could see X's bank acct transfer, and that you paid $524 to X on the same day X's coins worth $500 were traded on HodlHodl.

But that's generally a little bit more work than what they're going to do unless they're really looking for either you or for X.

So that's why coin joining or other things you can do are still tools to use, if financial privacy is important.

2 sats \ 0 replies \ @cryptocoin 26 Aug 2023

You wrote a six word question, with no details.

The answerss can range from "take your 20 bucks to a Bitcoin ATM", to "to do that large of volume, you would work with a broker who will put you in contact with the seller."

In between those two are 100+ variations, depending on what amount, what frequency ... like is this one time or recurring purchase, what payment methods you have, how important is financial privacy to you, (and what degree of paranoid is justified), how soon do you need the coins, etc.

So the tldr is probably ... azteco if that exists in your area, or Find a Bitcoin ATM that you can pay with cash no kyc, and if you don't like having to give them your phone number there are other privacy tools for that too.

0 sats \ 0 replies \ @kristapsk 26 Aug 2023

Which platforms you don't know how to use? hodlhodl.com is pretty simple IMHO.

0 sats \ 0 replies \ @brianh 26 Aug 2023

I recently discovered Bitcoin vouchers from companies like Azteco. They do take various payment methods, some are more private than not but that's definitely something to look into

2 sats \ 1 reply \ @Joe 26 Aug 2023

One of the simplest and most effective ways to buy Bitcoin without leaving a digital footprint is to use cash and to do it in person. There are several peer-to-peer marketplaces such as LocalBitcoins and Paxful that can connect you to people in your area who are willing to sell Bitcoin for cash. Some buyers also accept gift cards or prepaid debit cards as a means of payment.

However, while meetups are a cost-effective and private way to buy Bitcoin, they also carry the risk of you getting scammed or robbed—especially if the seller knows that you intend to buy a large quantity of Bitcoin.

0 sats \ 0 replies \ @cryptocoin 26 Aug 2023

Sir, Localbitcoins is no longer. And even when they were operating they discontinued the in-person cash trading method.

And after Paxful closed for a long time after the CEO quit, and has now reopened -- i assume law enforcement is in there either ooerating it, or at least monitoring all activity.

Robosats, bisq, hodhodl, and localcoinswap are verification-free (i.e. no KYC) and non-custodial.