Is there a good way to privately buy Bitcoin?

SirLancelot

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Quote from: Joshapat on April 25, 2022, 01:50:44 AM

More and more countries legalize Bitcoin will be many rules such as the application of KYC so that it will disrupt investors, it is easy to buy Bitcoin personally, I actively trading and keep Bitcoin in MEXC because MEXC does not need KYC and cheaper transaction costs.

Do we really care if KYC is the result of a great situation? I mean if all nations make bitcoin legal and support it with their laws, then I am fine with KYC as well. If you want to buy bitcoin privately then you could do p2p and that is still a valid situation, nobody could stop you from doing that and government can't find that out.

I personally believe that KYC is a good "annoyance" to something like bitcoin becoming legal. Would you rather have no KYC but also get Bitcoin to be illegal or not in the law at all? That would make things even harder. Remember, governments don’t decide anything about crypto, they decide what you can do with it.

Joshapat

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More and more countries legalize Bitcoin will be many rules such as the application of KYC so that it will disrupt investors, it is easy to buy Bitcoin personally, I actively trading and keep Bitcoin in MEXC because MEXC does not need KYC and cheaper transaction costs.

avikz

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Quote from: thecodebear on April 23, 2022, 09:21:17 AM

With the rise of tracking of Bitcoin transactions by Coinalysis and stuff, keeping your Bitcoin pseudonymous seems harder these days. I normally buy through Coinbase Pro, but I was wondering if there is an easy way to buy Bitcoin privately, and without getting charged a premium? Only things I know of are Bitcoin ATMs and localbitcoins but pretty sure ATMs have a high fee and I don't want to have to go find an ATM everytime I want to buy anyway, and localbitcoins tend to sell at a large premium as well.

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?

If you want to buy large quantity of bitcoins, then I would recommend you to contact a miner instead of going to Decentralized exchange or p2p trading websites. This way, you know that you are getting a freshly mined bitcoin and also it will be anonymous.

There is a board where you can find bitcoin related trades as well,

https://bitcointalk.org/index.php?board=53.0

See if something interests you!

Wong Gendheng

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To buy bitcoin personally, of course, there are many things, currently many exchanges do not implement KYC so we can buy without fear of our identity being known, after buying of course it is to keep it in a cold wallet because I am worried that one day the exchanges will apply KYC to withdraw.

worle1bm

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Quote from: PX-Z on April 24, 2022, 06:58:02 PM

After using one of these Bisq, Hodlhodl, localcryptos, you can use bitcoin mixer such as chipmixer to fully experience privacy in bitcoin transactions. Don't forget to use a non-custodia wallets too for more security.

Yes the major concern after buying btc through any source is to safely hold them in your wallets preferably hardware wallets who will give you ownership of your funds as keys are safe on the wallet but you need to have backup of seeds as it's compromised or you give physical access to your device to someone your funds are at risk so be sure to avoid this.

PX-Z

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After using one of these Bisq, Hodlhodl, localcryptos, you can use bitcoin mixer such as chipmixer to fully experience privacy in bitcoin transactions. Don't forget to use a non-custodia wallets too for more security.

suzanne5223

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I believe the good way to trade Bitcoin and other cryptocurrencies anonymously is through DEX rather than trading with an individual which you don't if the coin he/she's going to trade with you is a stolen or not.
You can try out Fixed float and Crypton exchange.
Note: I haven't used this exchange but I have seen some people who use it without having an issue.

tranthidung

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You can bookmark the website https://kycnot.me/ for later checking in case you need to find non-KYC exchanges or services

Bisq, Hodlhodl, localcryptos are one of non-KYC platforms you can found with kycnot.me

Additionally, you must prepare your coins (inputs, outputs) well enough for your transactions. Use change addresses as well. All of them combine with non-KYC platforms will help you to better privacy when you have Bitcoin transactions, buying or selling.

Leviathan.007

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There can be different ways and you can choose a way depending on your situation, for start let's say you are protecting your privacy you should start it by not buying bitcoin from any platform, the best option is also to choose a p2p trade where there is not any third party element involved in your trades you can try hodlhodl for example since there are many people using it and comparing to another platform there are fewer reports against it, but the next step is how to use your wallet because even if you store this bitcoin in your personal wallet there is still a chance for tracing your transactions so you can use a mixer in this case.

Ultegra134

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Quote from: crwth on April 24, 2022, 04:28:51 AM

Usually, P2P transactions are a great way to buy Bitcoin, and you would be able to conserve your privacy with it because it will only be the person you are transacting with knowing your identity. But the problem with this is that if you are going to check posts online, there's no proof that you can trust the person or something. It's going to be a challenge. The best way to avoid that is to use exchanges with outstanding P2P transactions etc.

I think of buying crypto as two sides of a coin

P2P - Fewer fees but can be a hassle
Buy from exchanges - higher fees, KYC but less hassle

That's just how it will be if you were to consider the two. Would it be worth it to pay a couple more dollars towards having it readily available in your wallet or wait for someone to agree with your price and have a risk of scam (if you don't know how to correctly transact)

P2P trading is too much of a hassle to me, that's why I refrain from using such platforms. Nowadays, it's way too simple to use exchanges, I don't mind providing my personal information in exchange. However, I had traded with a few members in the past, on another forum though, quite a few years ago, because I was underage and couldn't sign up to an exchange. Thus, since I'm perfectly allowed to purchase now through a trusted platform, the hassle of P2P trading isn't for me, despite it being more private.

GreatArkansas

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Is buying to centralized exchanges and using some Bitcoin mixers still not guaranteed privacy? Or converting Bitcoins to one another altcoins (but for sure high transaction fees cost)
As what other said, most safe as I know and easy to do is buying on P2P, but you can also if you want more safe buy offline with some people like in meetup with some legit sellers of Bitcoin that you can meet in person.

crwth

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Usually, P2P transactions are a great way to buy Bitcoin, and you would be able to conserve your privacy with it because it will only be the person you are transacting with knowing your identity. But the problem with this is that if you are going to check posts online, there's no proof that you can trust the person or something. It's going to be a challenge. The best way to avoid that is to use exchanges with outstanding P2P transactions etc.

I think of buying crypto as two sides of a coin

P2P - Fewer fees but can be a hassle
Buy from exchanges - higher fees, KYC but less hassle

That's just how it will be if you were to consider the two. Would it be worth it to pay a couple more dollars towards having it readily available in your wallet or wait for someone to agree with your price and have a risk of scam (if you don't know how to correctly transact)

Mauser

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Quote from: thecodebear on April 23, 2022, 09:21:17 AM

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?

I am not aware of such an exchange these days. It became the norm for exchanges to request a lot of information from their customers to avoid the problem of money laundering and tax evasion. Crypto currencies became so mainstream in the last 18 month that exchange companies need to protect themselves. Being labeled as supporting criminal activities can be the end of an exchange.
If you want real privacy, have you thought about finding similar minded people in your area? You could either look for gettogethers of a crypto community, or maybe maybe some local adds that you want to buy crypto currencies. Doing transactions directly with each other - like paying cash for cryptos would give you the highest level of anonymity. Just make sure you meet somewhere in a public place and verify that the funds are real before bringing large sums of cash with you.

Ultegra134

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Quote from: ?? on ??

Quote from: thecodebear on April 23, 2022, 09:21:17 AM

With the rise of tracking of Bitcoin transactions by Coinalysis and stuff, keeping your Bitcoin pseudonymous seems harder these days. I normally buy through Coinbase Pro, but I was wondering if there is an easy way to buy Bitcoin privately, and without getting charged a premium? Only things I know of are Bitcoin ATMs and localbitcoins but pretty sure ATMs have a high fee and I don't want to have to go find an ATM everytime I want to buy anyway, and localbitcoins tend to sell at a large premium as well.

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?

Of course there are many ways to do so.

Check out peer 2 peer exchanges, or even sites like reddit where they exchange privately without asking for ID.

Is there a subreddit for P2P transactions on Reddit? I remember one in the past, but wasn't sure if it's still active. I searched but couldn't find anything. Even if there is, I'd advise anyone to avoid such deals, since it could easily turn into a scam. The recommended P2P exchanges and Bisq that have been mentioned in this thread suffice.

PS. Found it, https://www.reddit.com/r/BitMarket/ I don't know how you could possibly trust a complete stranger, I don't know if escrow or something is provided, but I'd avoid it if I were you.

romero121

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You've got few choices for buying bitcoin privately, but how effective isn't known. First one is the usage of the hodlhodl platform which is being suggested by most users. Next one is the usage of a mixing service with which you can stay private, instead of paying high fee on ATM and premium using a mixer service will be good.

Next choice is to use the Currency Exchange section of our forum, this will surely help with the anonymous transaction while exchanged for stablecoins. Here you need to have patience and you can't make transactions whenever required. Finding suitable person in need takes time.

qwertyup23

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Quote from: thecodebear on April 23, 2022, 09:21:17 AM

With the rise of tracking of Bitcoin transactions by Coinalysis and stuff, keeping your Bitcoin pseudonymous seems harder these days. I normally buy through Coinbase Pro, but I was wondering if there is an easy way to buy Bitcoin privately, and without getting charged a premium? Only things I know of are Bitcoin ATMs and localbitcoins but pretty sure ATMs have a high fee and I don't want to have to go find an ATM everytime I want to buy anyway, and localbitcoins tend to sell at a large premium as well.

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?

I think your best bet would be to purchase BTC in this forum, while also providing an escrow for your services. Instead of paying a premium on some exchanges, without the need of KYC, you can at least give something to the escrow which is considerably cheaper and safer. But again, make sure that you get an escrow which is widely recognized here in the forum to avoid any scamming.

Though there may be cases of scams even if a person has a good reputation, this is just one of the risks of transacting with BTC- something that a person cannot avoid. Exchanges will always be there, but with the cost of premiums and providing KYC douments.

Lucius

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Quote from: ?? on ??

Yeah I guess that is something I can look into. I'd personally rather just find a good place to buy privately, but I suppose if it is pretty standard for private buying operations to have a high price premium then maybe a mixer would be a better option.

Of course, try to check all the possible options and you may find something that will meet your needs. In case you decide to use a mixer at some point, be careful which link you click on - especially if you use a search engine, a lot of phishing links have found their way to the top of the results.

thecodebear

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Quote from: Upgrade00 on April 23, 2022, 09:25:58 AM

Quote from: thecodebear on April 23, 2022, 09:21:17 AM

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?

Have you tried bisq or hodlhodl?
You can do your research on what stable coins (I don't think there's any on bisq) are transacted on either platform, and the fee is a certain percentage of the total transaction, about 1% (+/-)

Your privacy is somewhat preserved as it's a peer to peer platform.
You'll however still have to take necessary precautions, like using a coinmixer if you don't want the source of the bitcoins to be traced and practicing safe browsing.

I've heard of hodlhodl but have never looked into it. Haven't heard of bisq. I'll check them out. thanks.

I just don't want a link between the payment and the bitcoin I would be receiving. Like if I can pay with stablecoins (which could be tracked as being mine, from whatever exchange I get them on) to someone and I get their Bitcoin I figure there is no link between the stablecoin transaction and the bitcoin transaction, right? So any analysis tracking would go dead at the point of that stablecoin-for-btc exchange. I don't really care about the source of the Bitcoins being traced, as bitcoins are fungible and traded around constantly, I just want the privacy of not having the bitcoin I'm buying and holding traced to my account from an exchange.

Quote from: Lucius on April 23, 2022, 10:03:17 AM

@thecodebear, instead of looking for a way to buy Bitcoin anonymously, why not use a mixer to achieve the anonymity you seek? Some may not agree that mixing is a good choice, but if you are looking for anonymous buying, then you will most likely have to agree to prices that are at least 5% less favorable than regular prices.

You can check the hodlhodl that would match what you are looking for, the only question is will you find someone who wants stablecoins and what will be the price.

Yeah I guess that is something I can look into. I'd personally rather just find a good place to buy privately, but I suppose if it is pretty standard for private buying operations to have a high price premium then maybe a mixer would be a better option.

haasanjui

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In addition to buy bitcoin privately, there are some exchange and wallets where you can buy bitcoin anonymous. Some exchange like a BitQuick, shapshift and PexFul in which you can check lobstr, paybis and coingate allows you to buy BTC anonymously infact you not need credit card to buy bitcoin using these wallets and exchanges.

Lucius

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@thecodebear, instead of looking for a way to buy Bitcoin anonymously, why not use a mixer to achieve the anonymity you seek? Some may not agree that mixing is a good choice, but if you are looking for anonymous buying, then you will most likely have to agree to prices that are at least 5% less favorable than regular prices.

You can check the hodlhodl that would match what you are looking for, the only question is will you find someone who wants stablecoins and what will be the price.

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