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5 sats \ 0 replies \ @cryotosensei 15 Jan \ on: How to buy KYC less bitcoin? bitcoin
I share with you my DYOR notes when i wanted to get into non-KYC sats:
- RoboSats and Bisq are platforms where you can get your sats without having to KYC.
- RoboSats is short for Robotic Satoshis. It is named as such because it allows you to generate a robotic avatar when exchanging your sats.
- The difference between them is that RoboSats employs the Lightning Network whereas Bisq facilitates only on-chain Bitcoin payments. So, you can swap Lightning Network BTC to on-chain BTC and vice versa on RoboSats.
- Another difference is that RoboSats requires you to use it with the Tor browser (http://robosats6tkf3eva7x2voqso3a5wcorsnw34jveyxfqi2fu7oyheasid.onion/) while you install Bisq which is a desktop application that has an in-built payment protocol.
- Since RoboSats uses the Lightning Network, it has a 3 million sat limit to ensure that transactions can go through completely.
- Both platforms require you to have BTC first before you can buy BTC - as an assurance that you won’t waste other users’ time with empty promises.
- Many users use platforms like Strike, Revolut, CashApp and even PayPal to accept payments but if you are particular about your privacy, cash by mail orders, Amazon gift cards or even cash in person would be your best bet.
- Bisq is non-custodial and decentralised, which makes it harder to be shut down. RoboSats could be shut down if the sole operator were arrested for whatever reason.