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20 sats \ 4 replies \ @TheBTCManual 23 Oct 2023 \ on: I pay a 5-8% premium for Non KYC Bitcoin, and so should you. bitcoin
I do both, non-kyc and KYC because I see the value in both, and yeah I am willing to take those risks and that's a personal decision once you weigh up the options.
  • Non-KYC isn't all smooth sailing
  • If you have an amount to allocate, you now need to manually match orders
  • Small-sized purchases aren't always viable non-kyc
  • Premiums can be much higher than 10% depending on your country and payment method, I've seen up to 60% locally
  • KYC is active buying you have to sit and sift through orders, deal with scammers, which are also costs to you
I think people need to know what they are getting into and manage expectations before they go into KYC or you'll end up frustrated and want to ditch it.
Lasly, there's one popular way here in South Africa to get non-kyc Bitcoin is to buy a KYC account or purchase/rent someone's ID and create an account and then go about purchasing your Bitcoin lol people won't be stopped, liquidity finds a way.
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10 sats \ 3 replies \ @Weldergods 23 Oct 2023
I'd be happy to provide BTC peer-to-peer at above the Luno rate. May I ask where you see such large premiums?
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10 sats \ 2 replies \ @TheBTCManual 23 Oct 2023
I saw them on Paxful if you switch to bank deposit, you will often see higher premiums, and sure, where do you trade on robosats?
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0 sats \ 1 reply \ @Weldergods 27 Nov 2023
I haven't done P2P trading in ages but looking at it again as I have too much value in LN BTC right now. I couldn't find any ZAR offers on RoboSats. Checking out Paxful now, looks good but not sure it works with LN.
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0 sats \ 0 replies \ @TheBTCManual 27 Nov 2023
Paxful does support LN you just have to deposit the funds with them unlike robosats that use hodl invoices
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