Are you in Europe looking to buy non KYC Bitcoin? \ stacker news ~bitcoin

Are you in Europe looking to buy non KYC Bitcoin?

1221 sats \ 11 comments \ @rod 6 Aug bitcoin

Are you in Europe looking to buy non KYC Bitcoin?

Buy bitcoin with Pocket. It's quick and easy and if you use my code "C8UZS5" there are free SATS for you 🚀.

Get the app: https://pck.et/app

https://m.stacker.news/44002

Is the wallet self custody enabled?

YES https://m.stacker.news/44003

Can I sell and get the FIAT into an European Bank account?

Yes, Pocket has an off ramp as well, you can sell the Bitcoin you bought with them back to them and get the FIAT in your bank account. Quite convenient, for this, they have a widget on their web site, not yet implemented in the mobile app, but they state that they will add it soon.

https://m.stacker.news/44004

Important You can sell non KYC Bitcoin you bought p2p somewhere else via Pocket, but... I won't recommended, regulations in Switzerland will make the user to provide documentation as of source of that Bitcoin etc... So if you are going that path, better use Bisq for any amount, or Peach for low amounts

Does the app support HWs (seed signers)

Yes, it supports Bitbox02 which is a plus, looking forward for them to support Seedsigner in the future as well for more adoption... They support other less ideas as well but well known like Trezor and Ledger

https://m.stacker.news/44001

Does Pocket require KYC

No, so this part is great, no data of you will be in any server of Pocket, however, you will be on ramping with your personal bank account, therefore, Pocket will have access to your bank account details for the transfer, this is better than KYC but bear that in mind.

Is it user friendly?

Very, feels like Bluewallet or Stack wallet. https://m.stacker.news/44005

Remember It's quick and easy and if you use my code "C8UZS5" there are free SATS for you 🚀. Get the app: https://pck.et/app

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24 sats \ 2 replies \ @Coinsreporter 6 Aug

I'm in Asia. Do you have or suggest anything for India?

107 sats \ 0 replies \ @rod OP 6 Aug

I just checked Robosats for India and zero offers for sell or buy related to the INR, you can create your own offers for buying and selling, it is worth trying for sure.

Another option will be opening an account in WISE based in UK, or Revolut. I am not 100% sure, but I believe you can open a bank account as a foreigner with no issues, once you do that, you will have a SEPA account to transact with Pocket for instance. You will be able to fund your EURO account from India using a bank to bank normal fiat transfer, using whatever is best for you.

Once you get your sats in your Pocket wallet, if your intention is to hold, transfer them to your cold wallet. If you are speculating for profit, keep it there and when ready sell it back in Pocket for Fiat

21 sats \ 0 replies \ @rod OP 6 Aug

I suggest you consider getting acquainted with Robosats:

https://learn.robosats.com/

Best wishes!

21 sats \ 2 replies \ @eespn 6 Aug

Excellent, thanks for sharing, good to have another option in EU for on ramping besides Peach, which is actually quite nice.

For the tech savvy, Robosats and Bisq.

142 sats \ 1 reply \ @rod OP 6 Aug

Agree, IMO, for those willing to put the time, Robosats is king of the land. But we need adoption and most people wants convenience. That is why Strike, Cash App and Coinbase are winning big.

Pocket and Peach may not be fully ideal for those hard core private individuals but they beat conventional KYC by miles and are easy to work with and understand.

Unfortunately, business acumen and understanding of market mechanics is not abundant among many hard core bitcoiners, specially the ones that speak louder, quite antagonistic, they are a big part of the problem, the newbs are intimidated and confused by most of those individuals.

Those individuals will Ill speak of solutions like Peach and Pocket and will do worst for KYC solutions that are so necessary for the newbs, as Strike or Cash App or CASA, they do not get that the majority of people is not here for the tech or the Bitcoin ethos as I and possibly you, but for profits and they are happy with KYC and banks and the FIAT system. They dont get it, adoption is key, get them in, once in, let them learn and decide, many will understand Bitcoin and join the ranks.

You will observe some of them jump at this post for sure. I have seen you engage them before. My suggestion, ignore them and mute them, as if they do not exist, if you mute them, their comments show as hidden. Happy days!

21 sats \ 0 replies \ @eespn 6 Aug

Did not know the mute feature existed, nice! Thanks again, very useful! LOL

0 sats \ 2 replies \ @0b1CoinObi 7 Aug

They say that it's not KYC, but your telling Pocket who you are with your bank account details and with that, now your bank knows that you are buying Bitcoin. A lot of banks really don't like that, especially in the UK. So not really flying under the radar.

36 sats \ 1 reply \ @rod OP 7 Aug

The non KYC part either way is quite relevant, non KYC means that Pocket will not hold any photos of you and your passport or ID, nor your home address in their servers, that is already a big plus. Add to that is self custody from the getgo and it is even better.q

To buy and sell Bitcoin you will provide a Bank account, many banks in Europe are Bitcoin friendly (the irony, some things really change), every country with their own, and some internet base like WISE and Revolut are decent options, none is perfect, dealing with banks is never pleasant...

And I agree, buying Bitcoin not p2p with options like Robosats or Bisq or directly from miners (my favorite) is not flying under the radar as you well put it, but most people don't care about that, they trust banks and they want to buy Bitcoin, so this is a good option for them, all Pocket will have is their bank account details, which is miles better than conventional KYC.

Note It is recommended to have a bank account only for buying and selling Bitcoin separated of your more conventional one(s) which you use to pay bills, taxes, your mortgage, loans, etc.

Soon conventional banks will offer Bitcoin ETFs and soon after spot Bitcoin and they will custody it for their customers, those barriers may soon be erased completely either way, unless... Regulation in EU becomes tyrannical and only KYC Bitcoin is allowed and self custody wallets are banned, seems unlikely at this point but after so many years of battles and the well known incompetence of the EU leaders, nothing surprises me any more...

21 sats \ 0 replies \ @0b1CoinObi 7 Aug

True, the less KYC the better and for those who have a bank that is pro BTC or in their language crypto, then they'll be okay. They most be 100% sure their bank is on side before they dive in.

Unfortunately the majority of the UK banks won't see it this way and you run the risk of your account being frozen or closed.

0 sats \ 0 replies \ @anon 6 Aug

cool, c'est une bonne trouvaille, merci pour le partage

0 sats \ 0 replies \ @DarthCoin 6 Aug

if you use my code "C8UZS5" there are free SATS for you

NO! There's always a catch to this trap, linking multiple users to each others. THERE'S NO "free sats" or any "free" stuff". I FUCKING HATE REFERRAL CODES ! Please stop this bad behavior of sharing your referral code on internet just to grab some meaningless sats, SELLING YOUR SOUL for "big data"