Topic: buying bitcoin to buy hard wallet (Read 162 times)

You can go whatever route you want, and hardware wallet is keeping keys offline and it has nothing to so with purchasing any coins anonymously.


Sure, there are some advantages and disadvantages for paper wallets like with everything else:

+plus: Paper wallet is free and it can't get hacked if you store it in secure way; only owner of paper wallet is controlling keys if done correctly offline and without leaks
-minus: Paper can easily get destroyed in time, ink can fade and paper can burn; there are fake and malicious phishing paper wallet websites and codes; you generally can have only one address to use...

 

I am thinking of going the paper wallet route. It seems like either if you have a hard wallet or nothing, the only thing that really matters is if you have your passphrase and private key, so it seems to me the hard wallet does not add anything, other than it makes it easier to buy  monero more securely and and anonymously.

Could you let me know some of  the pros and cons of a papper wallet?

Which is more than enough for your bank to start sharing that knowledge with interested third parties, including government agencies, and is more than enough for your bank to know you are purchasing cryptocurrencies and therefore close your account.

Profit. Your data is an incredibly valuable resource. Pick any exchange which offers non-KYC accounts and read their privacy policy to see just how much data they are collecting on you anyway, and what they are doing with it. Let's take a look at KuCoin, as an example. All quotes taken from their privacy policy here: https://www.kucoin.com/news/en-privacy-policy

You don't, in the same way you don't know if your VPN is actually spying on you or if theymos is passing all your data from this forum on to the CIA. It's all about the balance of risks. If you want trustless mixing, then opt for CoinJoin.

No your bank won't know anything about your purchases, your bank will only know you've sent money to an exchange(if the account is already known to belong to an exchange)

Why would an exchange not imposing KYC would collaborate with a blockchain analysis company?
Moreover sending cryptos to an address on an exchange doesn't mean you are the owner of the address.
BTW how do you know that mixers like Chipmixer are not collaborating with any blockchain analysis company?

When it comes to a large amount of Bitcoin, such a wallet is a must. There are tons of stories of people who neglected safety and paid for it with their money. I think you are doing everything right and it is better to spend a relatively small amount of money and be calm than to save and be left with nothing. One of my friends lost his wallet just because once instead of an address he entered a password in the table. A day later, his wallet was empty, it was sad.

This doesn't prevent your fiat bank from learning about your bitcoin purchases.

A terrible idea, given that most centralized exchanges track deposits and withdrawals and cooperate and share data with blockchain analysis companies.

Did you try Page Down to the arrow keys? Can you Tab through the fields in the form? What is the pop up form anyway? Is it necessary? Can you skip it?

Do you have another device you can try on? Can you boot to a different OS and try that?

You do understand that you will need to write your name and address for ordering Trezor hardware wallet so ordering with Bitcoin (or Litecoin) will link that with your identity.
Some hardware wallet manufacturers like ledger had multiple leaks of customer private information so I would suggest you should read this Guide for purchasing Hardware Wallet the right way and avoiding some mistakes.
Bisq exchange is also not perfect when you want to buy smaller amount of Bitcoins because they have higher fees, but you can also buy BTC on other p2p websites, or try to find local official Trezor resellers and purchase it there.

That page just says how to reproduce the given issue. It doesn't show any way to fix the problem yet.
I tried installing the app on my laptop and everything seems to be fine. I tried to reproduce the issue but everything was working.
Yes, I agree there were many popups and it were terribly slow. But I was able to scroll.
May be you have a slow internet connection or a low end machine which is taking longer to load the page ?
In every pop-up there was a button to close the popup. Try hitting the "tab" button on your keyboard to see if it takes you to the "Close" button and then hit "enter".

Thanks for that but my screen resolution is 1920 x 1080. That is the max that I can use and I even tried a lower resolution and it did not help. In that report it says "Use a resolution of the screen bellow 1600x1024 and press Ctrl+f to open the Bisq Filter tool." What does the filter tool have to do with it, I saw nothing in their that would fix the probem, and since the post was not anwered I wonder if others are still having the same problem, terrible coding if you ask me. Thanks for your reply. Any suggestions on how to fix it? it makes the entire program inoperable.

It sounds pretty weird that your bank doesn't let you buying a Trezor wallet. Are you sure about that? You maybe just encountered a transient bug, you should try another time before trying other options it would be less complicated IMO. If you seek anonymity you can also use a classic fiat exchange and then send your bitcoins to a BTC blender. Instead of using a mixer you can also use a second exchange with no KYC and send some altcoins there to buy your BTCs.

Do you own any Monero at present? I will happily buy some Monero from you in exchange for the bitcoin you need to buy the Trezor wallet.

Localbitcoins is not decentralized, and has pretty invasive KYC procedures. I would avoid it if you can. Other non-KYC options if Bisq is not working for you are LocalCryptos or Hodl Hodl.

What OS are you using? Have you tried scrolling using Page Up/Page Down/Arrow keys?

I found this open bug report on their GitHub: https://github.com/bisq-network/bisq/issues/4036. It seems to suggest if you use a higher screen resolution you might be able to fit the whole pop up in one screen without the need to scroll.

The DEX you mentioned is Bisq ^[1], not Bsiq. Please correct your typo. Additionally, when I recommend an exchange, wallet, service, etc. I would like to leave a link. It is a responsibility of readers to do their researches and double-checks, but if I leave all for them as exercises, they might end up with phishing sites from search engines.

Help: A list of LocalBitcoin alternatives (P2P marketplaces). Among them, Hodlhodl.com is another truly DEX (not all P2P marketplaces in that list are truly DEX).

[1] https://bisq.network/

I thought you needed decentralized exchange to purchase bitcoin so you can use it to buy Trezor? That is why I said it is better to buy bitcoin directly.

This is not what what I meant, as you can see from this same post above reply, but very possible to use third party exchange on Trezor to exchange from one coin to another, but they are centralized exchanges like Changelly and ChangeNow.

For privacy, make use of Bisq.

I will buy monero LATER when I get the hardwallet. Trezor only accepts 2 payments on their website, cc or bitcoin, check for yourself.

I am having a little problem with your english, but are you saying I can buy monero with bitcoin directly when I have the trezor model t hardwallet? Somehow I dont think this is true, I thought the hard wallet was to be used just to make sure your funds are more secure and anonymous.

Are there any any decentralized, p2p, exchanges that don't require kyc. I know there are I just can think of any of the top of my head, remember I am new to this.

Why buying monero when it is bitcoin you need to purchase Trezor directly from the company, or you can use litecoin as it is only the alternative option for crypto payment to buy Trezor directly from the company.

Bsiq is a decentralized p2p exchange, no need of worrying to buy monero, maybe because you think the transaction can not be tracked, but it is just decentralized p2p exchange (bsiq) you are using and no need to care thinking about buying bitcoin or litecoin for the purchase as well, it can not be traced. Buying the coin you can use directly to buy Trezor wallet will be better.

Why mentioning LocalBitcoins, if p2p centralized exchanges are allowed in your country, then you can make use of a good reputed one, but know that you can not have full control on anything centralized, also that privacy is not possible on such exchanges. But, if possible and that you do not care about privacy (but privacy matters), then you can make use of such service, but it required kyc.

I want to buy bitcoin, to buy a Trezor model t hardware wallet. Their site only allows credit cards or bitcoin payments, but my bank stopped the payment because they have a policy against anything bitcoin.

I then intend to buy monero with bitcoin on a p2p site like bisq.

I have heard that basically there is no way to know, I know there is always a chance that there is some way, but I am talking realistically speaking, that you bought monero if you do it the right way, by getting your monero not only on a p2p exchange but on an app like bisq.

Is there really any difference in getting total anonymity between p2p on bisq and p2p on a decentralized p2p exchange like localbitcoins.com? Is there a better exchange option for this than localbitcoins, that has p2p and no kyc?

I am in a hurry, and bisq is giving me a fucked up technical problem where in order to do things a pop up window comes up and you have to confirm things, but the fuckin popup window can not be scrolled on to get to the bottom where you confirm things! I even have to wait a day to get an answer in their forum because of some kind of limit to the amount of messages you can post!

So if I only want to use the bitcoin to buy the hardware wallet, and use a p2p decentralized exchange like localbitcoins.com, is this also a safe way to buy bitcoin?

Any future buys of monero would be done on bisq, which supposedly pretty much assures total anonymity as concerns that you bought bitcoin. Of course me even talking like this on the internet is being listened to, but I think they need a legally provable method before they can ask for your monero, and even then you could say your sorry, I lost the passphrase!

Excuse my french, but these are fucked up times when just to use your own money and not the new mark of the beast cryptocurrency that they are going institute around the world, you have to jump through so many hoops.