How to buy #Bitcoin without KYC?
Where to go? What platforms to use?
The ULTIMATE thread.
🧵 👇
1/11
Why buy Bitcoin without KYC?
Trading Bitcoin without KYC is important for a fully censorship-resistant and free Bitcoin ecosystem.
KYC is costly, lacks efficiency and creates unnecessary barriers.
Your data can also become a target for hackers.
2/11
Money is an element that likes to be uncontrolled and free.
Like water, fire or the air you breathe.
Water that you drink doesn't care whether you're from a sanctioned country.
Law enforcement has outsourced KYC checks to banks that have built themselves a moat.
3/11
But you can't control the stream of liberated corn !
The #1 place to stack non-KYC is @bisq_network.
Bisq is a software that you download locally on your computer.
No need to rely on centralized front-ends.
Real peer-to-peer trading experience!
twitter.com/teemupleb/status/1625901286448308225
4/11
Bisq is currently only on-chain.
With high fees on the main Bitcoin blockchain, a peer-to-peer exchange on the Lightning Network is desperately needed.
One option for trading on Lightning is @RoboSats:
twitter.com/teemupleb/status/1617604668414386177
5/11
If you're in Europe and you want to trade non-KYC Bitcoin on mobile, then @peachbitcoin is your choice.
twitter.com/teemupleb/status/1633667828183355392
6/11
@hodlhodl is another choice and it's available globally, although as a new user I was struggling to find a seller because of my low reputation score.
twitter.com/teemupleb/status/1641110728076832768
7/11
Then we also have the "soft-KYC" platforms that don't require identity verification rituals if you stay under limits.
But since you're sending fiat to their IBAN number, your bank (and therefore potentially the government) knows that you're buying BTC.
8/11
A good app in this category is @relai_app.
Use the referral code TEEMUPLEB for reduced fees.
twitter.com/teemupleb/status/1649042336037625858
9/11
Another "soft-KYC" way is @PocketBitcoin.
It lets you buy Bitcoin directly to your hardware wallet without identity verification.
twitter.com/teemupleb/status/1656090777439846401
10/11
For small amounts, you can buy @Azteco_ vouchers with cash and top up your Bitcoin balance.
Azteco just raised $6 million led by Jack Dorsey.
11/11
You can also acquire non-KYC Bitcoin by accepting Bitcoin for goods and services.
Or be a modern-day alchemist and mine it from used cooking oil!
twitter.com/teemupleb/status/1657407059032428544