When buying BTC P2P, how do you pay? \ stacker news ~bitcoin

1902 sats \ 18 comments \ @criptopanas 9 Oct bitcoin

Hello,

I want to make a video about payment methods used when buying BTC in Peer-to-Peer markets, like lnp2pbot, Robosats, Hodl Hodl, etc.

There are many payment methods, but if you want to share the least amount of personal information, which method do you think is the best?

Popular Payment methods: Paypal, Wise, Revolut, Bizum, MBWAY, Instant Sepa, Binance Pay, stable coins, PIX, Zelle, Amazon Gift Card, etc.

I know that for face-to-face transactions, CASH IS KING, but this scenario is not very likely to happen.

What payment method do you consider the most private, besides cash?, why?

Thanks!

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84 sats \ 0 replies \ @Bitcoiner1 9 Oct

Every country has their own best method, as far as I know, for example in Spain Halcash it's a great way.

10 sats \ 8 replies \ @DarthCoin 9 Oct

Why not also using Bitwage? Here is a guide you should read: https://darth-coin.github.io/beginner/be-paid-in-bitcoin-using-bitwage-en.html (Spanish version here)

0 sats \ 0 replies \ @criptopanas OP 9 Oct

Bitwage is a good service, but is not a P2P market for buying or selling BTC. Also, you need to share all your personal data in order to use the service.

0 sats \ 6 replies \ @Wumbo 9 Oct

Thanks for sharing.

Question: I am assuming:

fill in the personal data,

that you mention in your guide is KYC information (name, address, etc..) that many sites require. Is that your experience with Bitwage?

20 sats \ 5 replies \ @DarthCoin 9 Oct

Yes is KYC. But is an easy start to "be paid in BTC". For freelancers working remote or abroad is a nice an easy way to get directly BTC into your own wallet. Keep in mind: the IBAN is not in your name, is in Bitwage name. Is a good decoy.

I was a Bitwage user from the beginning, in 2015. Worked for me perfectly fine. ofc starting with 2018 I didn't use it too much, just sporadically because I start being paid directly in BTC. But when I deal with clients that (still) do not have BTC to pay me, I just send them my Bitwage details and done. No big deals.

10 sats \ 4 replies \ @TheWildHustle 9 Oct

Do you have any experience with Bitpay?

I'm looking for a bitcoin BillPay service in America, and they seem to be the only ones....

Right now I'm getting my direct deposit in bitcoin through cash app, looking to transition to using my node as my main checking account.

10 sats \ 3 replies \ @DarthCoin 9 Oct

Never used Bitpay and will never use it. They should not exist. They are the enemies of bitcoin! Boycott them ! Here is a list https://darth-coin.github.io/beginner/pay-with-bitcoin-en.html

IMHO the best way to pay bills with BTC is to have a pre-coiner friend that pays for you the fiat bills and you give him sats.

22 sats \ 1 reply \ @mo 9 Oct

In this way feels like you just pass the responsibility to pay with dirty fiat to someone else. There are other ways to pay bills does it matter if you own or rent, is just question to learn how.

0 sats \ 0 replies \ @DarthCoin 9 Oct

In some way you help your friend to get rid of his fiat and get sats and in the same time you do not touch fiat (forced to sell sats for fiat and use a bank acc).

0 sats \ 0 replies \ @TheWildHustle 9 Oct

Sprintz finance looks ok, but has way too much crypto stuff for me to feel comfortable using them.

I could use my wife, but It would be be better if she joined me on a bitcoin standard.......might just use my wife until better solutions come about.

0 sats \ 0 replies \ @hasherstacker 9 Oct

Azteco vouchers is ideal for privacy. No kyc

0 sats \ 2 replies \ @TheBTCManual 9 Oct

I use PayPal, which is less than ideal but these are funds I get from overseas that I don't want to bother bringing back into my country and hold in my local 3rd world shitcoin

Sometimes If I do find local orders, i'll use cash/send instant money, its like a voucher code you can redeem at ATMs in South Africa

0 sats \ 1 reply \ @criptopanas OP 9 Oct

Can Paypal reverse a money transfer?

0 sats \ 0 replies \ @TheBTCManual 9 Oct

Yes if you're using standard paypal transfers, but no P2P trader would accept that, they will only accept the friends or family transfer which cannot be reversed

I've had many P2P scammers try to abuse this system, where they will claim I can refund the paypal myself and I should cancel the Bitcoin escrow, but only they can refund a Friends and Family Transfer, lol so I just let it ride let the moderator release the coins

I've been flagged on a few scammer chats with my various nyms so scammers won't often do business with me, and let me scalp those low premium or below market sales

0 sats \ 2 replies \ @alexbit 9 Oct

I think BISQ is the most common decentralized P2P exchange.

In Brazil, it is common to use direct bank transfers (PIX or TED).

0 sats \ 1 reply \ @criptopanas OP 10 Oct

Is PIX or TED instant transfer?, can this transfer be reversed?, what personal data is send to the receiver of the funds? Obrigado!

0 sats \ 0 replies \ @alexbit 10 Oct

Yes, PIX and TED are instant transfer an cannot be reversed. If you use the 'chave aleatória', only that random string and your name is shared with the receiver. In TED, your name, bank, branch and account are shared.

0 sats \ 0 replies \ @Wumbo 9 Oct

Buying physical Gift Card in cash is the most private I have found.

An alternative is to mine BTC yourself. This can be fairly private also.