Topic: what countries have the best / most privacy fiendly bitcoin laws? - page 2. (Read 580 times)

I would say Switzerland is one of the most privacy friendly countries out there.

You can buy Bitcoin in Switzerland at any train station, and also at many shops around the country.

Usually the maximum you can buy at a time is CHF 500.

Here's more information about it: https://www.sbb.ch/en/station-services/at-the-station/services-from-the-ticket-machine/bitcoin.html

Though Bitcoin is legal or banned, citizens can still use or purchase Bitcoin through decentralized exchange platforms.  Bitcoin has a decentralized nature and no one will stop using it, KYC was prominent on the centralized exchange, they follow each country's jurisdictions and if you don't use them, you'll never implement that KYC stuff.

Those countries that announced Bitcoin become legal tender will be a good place for Bitcoin but in privacy, factors are still undecided for them to adopt.

Third parties on the forum? What do you mean? Buying BTC from person to person?
I think we don't need third parties to buy BTC. If you don't want to drop your KYC, you can choose DEX (decentralized exchange). There is no need for KYC on DEX, you can buy BTC directly from your own wallets. KYC is only applied for CEX (centralized exchange), it is the requirement given by the governments, so every CEX must obey the regulation. So, don't be confused about buying BTC on exchanges, there is two types of exchanges, DEX and CEX. Choose which one you like, dude.

No country allows you to have privacy free buying of bitcoin. Because, with most of the P2P buying we make the transaction with a card or through any of the payment medium which is connected to the bank account. It is the users self ability to make privacy free purchase of bitcoin. In my view it is possible to buy bitcoin through our forum in exchange for other altcoins, exchange for gift cards and so on. This can be found on our currency exchange section and there are people who are making use of it with the help of an escrow.

most local exchanges are governed by their respective Central Bank. so expect that they will ask kyc from their clients. if you find one which is not requiring kyc, then doubt their legitimacy. if you want to buy btc anonymously, there are already known p2p platforms as mentioned by other users above. but if you really go into your local crypto exchange, then i doubt if you will find one which doesn't require your credentials.
even if the country is a crypto-friendly one, they will more then likely require their crypto businesses to be legally registered and so with this kyc requirement from its customers

Buying Bitcoin should not be that hard and it's not necessary to buy Bitcoin on an exchange. We have third parties on this forum which we can buy bitcoin from at good rate without having to go through the stress from exchanges that will allow us to drop our identity. There are different exchanges that do not request KYC which we can use to buy our choice of Bitcoin although the limit to buy can be reduced.

The big problem is trusting an anonymous site, and they'd need to exchange it by themselves, which won't work on other exchangers that require KYC.
Small amounts work well on instant exchangers, but I wouldn't trust them with bigger amounts. You can of course split it into smaller chunks.
Bitcoin <> Monero is much easier than to or from fiat. BestChange has many options, but also check CoinPlaza for good rates on small amounts. Update: they lowered the maximum without KYC to €50 per month.

Oh well that's awesome to hear. I need alt trading with XMR in particular lol. I'm really trying to figure out the cheapest way to trade BTC to XMR and vice versa. Atomic swap takes a bit out percentage. Last time I used it, 100 bucks of bitcoin took out 10 or more dollars worth of crypto so I was left with about maybe 80 something to 90 dollars of xmr. There is another private trading app called the incognito wallet but it's only for very small amounts, anything larger than a couple hundred dollars is going to kill you in trading fees which are very misleading. but for less than a few hundred dollars its only a few bucks per trade. But that adds up if you're sending in btc to get xmr, to send somewhere just to convert it back it's nearly the same amount taken using the atomic swaps. And most non KYC exchanges dont support XMR trading.

But yeah thanks, I'm gonna download it and hopefully the fees will be in the less than a dollar range per swap/trade. All I really want is to easily buy anonymous bitcoin. Damned I really miss not seeing the value in buying it back when I first heard of it. I was like an NPC back then mentally speaking.

Wonder if anyone could open up a purely anonymous crypto exchange like ran on the tor network or something? Idk.

To the government, exchanges are the cryptocurrency version of banks. While banks are the offline version. What they expect from banks is what they expect from exchanges. How they control and manipulate the data in the Custody of banks is what they wish to do with exchanges. They government is always unwilling go give express liberty to the exchanges, it could not also be because of their gainful desire. It could be to regulate the illicit movement of money within and outside the country. Let's not forget that the government desire is to control and nothing but to control.

No. The majority of the volume is Bitcoin and Monero. There are a handful of other alts on there, but I've never used them and the volume is low. If you are looking to trade Bitcoin for alts though, then this is easily done through a number of instant non-KYC swap services. I don't care for alts though, so I'm not the person to recommend a good one.

The US has plenty of influence in other countries too. If an exchange ends up on some kind of US blacklist or banned in the US for flaunting their rules, even if they don't operate in the US, then you can guarantee their life will be significantly harder across most other Western nations. For most exchanges, it isn't worth the trade off.

Does Bisq have a good selection of alt coin trading?

And okay, I can see how they could enforce banning the from operating in the US. But.. how could they force them not to serve US citizens? I dont get that part. Like Krakken apparently doesn't serve US citizens but why does it matter if they do or dont if they're not even operating in the US?

That’s why use P2P Exchanges to buy Bitcoins, in order to remain complete anonymous.
I guess almost all the exchanges in all countries asks for KYC in order to buy Bitcoins.
Maybe there are few countries, but to be honest I don’t know about them.
Moreover the reason for which the government is not legalising Bitcoins in many countries is that due to the decentralised nature of Bitcoins.
So when Bitcoins will be governed by the government, then only they will make it legalised and will impose tax and laws on it.
But I guess this won’t happen ever, and people will secretly do the task with Bitcoins as they are doing right now.

AFAIK, it is Malta who was the friendliest of them all and gave that go signal for those exchanges that they're tax-free. But it is for the benefit of the exchange and they still have to follow policies such as asking KYC for their customers.

As given which is the best for actual dex, go with Bisq.

Just expect that even the friendliest countries will still ask the exchanges to follow their rules and the exchanges will implement KYC for all of their customers as needed and required by law.

If you are requesting anonymity, then the only option is to buy BTC for cash and leave no trace when it comes to KYC or connection to your bank accounts. That way you can buy BTC at some crypto ATM, although there will certainly be a limit for unverified users, or at physical crypto exchanges that also do not require KYC up to a certain amount.

Such exchange offices exist in at least one EU country (for now), and the amounts you can buy/sell are from 1000 EUR up to 2000 EUR per transaction. However, this is a specific case and you cannot do it online. Try using DEX or find someone in your local community who wants to sell BTC for cash, and stop fooling yourself that Bitcoin should be something anonymous because it never really was.

Of course they also feel the impact of the current decline in bitcoin prices.
But they may have other money so they can cover their shortfall when the market is not as volatile as it is now.
If you say about losses, of course they feel the loss, especially since the price of bitcoin has fallen very far this time.

In the country of elsalvador that legalizes bitcoin, is there any special law regarding bitcoin transactions in that country?
Curious about the fate of the country of elsalvador when the bitcoin price drops like it is today, did the country of elsalvador suffer a big loss?

Govermnents don't protect your privacy at least with their laws. You know what happened with Ukraina vs Russoa war and reactions from.many nations including Swiss. Swiss is a nation with neutral approach and strategy from army to finance. They changed it by seize and freeze money from Russian orligarchs.

Fortunately with Bitcoin non custodial wallet, Coin Join transaction, Tor connection, you can have better privacy and anonymity by yourself. You don't have to rely on services provide by governments and their laws which can be changed anytime.

Bisq. No KYC, no accounts, no centralized website. Download the open source software, run it over Tor (which it does automatically), connect directly to other traders peer to peer, set up a trade using your fiat method of choice. Takes a little bit of getting used it, but it is easily the best way to buy and sell bitcoin at the moment without having centralized third parties spying on you and exercising complete control over your money.

Then they would very quickly be banned from operating within the US or serving US citizens.

I do not think there is any country in the world accepting the existence of Exchanges without KYC.  I am pretty confident they all require some sort of AML or KYC policy for suspicious cases.  The times where Centralized Exchanges existed without KYC are pretty much gone.

What is still real however is the existence of Centralized Exchanges known not to selectively scam (a k a require valid proof of identity all of a sudden) their clients and do KYC in very rare cases or, the ones I love the most, Decentralized Exchanges.  With the latter you just have control over your coins and know there is no policy that would steal your money or lock you out of it.

If a country decided to never accept KYC, it has to be a small one and they would likely be automatically threatened and punished by larger powers for doing so.  They would automatically label the country 'pro crime'.  KYC is now more about politics and surveillance and less about anti crime movement.  This is why it became so hard to purchase Bitcoin in a more private way.  Binance used to be a no KYC Exchange until last year when they decided it should be imposed for each and every client of theirs.

Anyway.  If you want a comprehensive list of which Exchanges, either Decentralized or Centralized, are better for privacy, then you should take a look at kycnot.me.

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Regards,
PrivacyG

None, if the countries have a government, then it's obviously centralized and will ask KYC. A good distribution or each region have a right to control their own region doesn't mean decentralized.

You have two choice: you want your business got shutdown or still continue but you need to follow the law? As a businessman you will choose the second choice since there's no reason why you should shutdown your business, are you want loss or profit? lol

Yes, that's why you need to understand and use Bisq, hodl hodl or localcryptos.