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What’s the best strategy to buy peer-to-peer Bitcoin?
349 sats \ 5 comments \ @nomainvest 4h bitcoin
In the Bitcoin communities everyone suggests that the best way to buy and accumulate BTC is to do it by avoiding exchanges, which by 2025 are extremely regulated and report all transactions, so hodlers are somewhat responsible for reporting their holdings to the government, even if it is held in cold storage later.
I have tried going to BTC meet ups in Barcelona, where I currently live, and buy some with cash, but the guys I met were just like me, scared of exchanging euros for their BTC.
One way that worked out for me was to buy the BTC that a friend has received for a freelance job and I paid her in Euros and all the transaction was made in a safe space and I trusted that the transfer was going to be done.
That wouldn’t be the case with a stranger, it would be hard to trust someone that you meet online or even on a meet-up to give them cash and wait for the BTC transaction to be over.
What are you guys’ strategy to buy peer-to-peer?
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24 sats \ 2 replies \ @DarthCoin 3h
The friend method is good. I also use it. I earn in BTC and I do not have anymore any bank ccount. So giving my sats to a friend willing to pay some bills is the perfect way to start the bitcoin circular economy. In this way you do not give the sats to "Saylors".
Another option you could use Robosats.
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10 sats \ 1 reply \ @nomainvest OP 2h
Nice, thanks for sharing your experience. What is the Robotsats?
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0 sats \ 0 replies \ @Solomonsatoshi 1h
Do you not have duckduckgo?
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1000 sats \ 0 replies \ @nout 1h
Check out #7424
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0 sats \ 0 replies \ @Solomonsatoshi 1h
Ask around the people you know with some discretion and you will almost certainly find several OG hodlers with a stack they might be happy to sell down kyc free. I did it and was amazed by how much was available within one or two degrees of my real world social network...and I am certainly no social butterfly. If that fails try meetups. Ideally start with small transactions and build up trust over time.
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