I have a little bit of cash in a piggy bank I have been saving up for my niece. I want to convert that to btc and create a wallet for her so when she's an adult can actually use those savings as btc.
My question is if I can convert that cash into btc without going through a bank nor do a kyc.
Thanks in advance.
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If there's a local meet up to you there's a fair chance you can find someone who'd be able/willing to make the exchange
this is the way
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This is certainly the easiest way to achieve your aim
It's new and so far, only available publicly on Android: https://vexl.it
Basically, Tinder for Bitcoiners.
Requires phone number and it seems entirely based on your contacts. Would prefer location based app and completely anonymous.
Yes, that is exactly how it work. It's uses your social graph.
That was you have a way of sanity checking the other party.
You only see offers when you have contacts in common. If need be, you reach out to you contact in common and ask 'you know this person'?
Your contacts are hashed, and matches are done on those hashes. On one presentation I saw, they said they don't want your private information, because they would need to protect it then.
As for requiring your number, it's spam mitigation, you can use a burner number all the same.
The system you have describe would unfortunately be flooded by spammers. This unfortunately is the nature of the internet.
I tried to download Vexl 2.0 but it says it's not available in my country 😔
Fajne <3
Orange Pill app is another one
I tried it this week, though Vexl is free to use. It's not for profit company. https://www.vexl.foundation/
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Your social graph for Bitcoin non KYC trading Craiglist style.
You can try buying azteco vouchers, but they are a little pricy and you'll be able to get your sats on LN
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Yep, a bunch of places even ones not listed on the site have the option, I can even buy them at informal stores people run from their homes here
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Use Bisq. They support cash-by-mail as a payment method. Make sure you read the page on their wiki about cashbymail. They have some good instructions about how to package and send it in case theres a dispute.
Hm interesting... but risky
way less risky than you think. read the wiki page about that method and about how dispute resolution works.
depending on the amount (if it's less than a thousand dollars), you can also get a postal money order with no ID. that comes with a serial number you can use to cancel it if it gets "lost" along the way. Bisq also supports postal money orders as a payment method.
I've never received a money order before. Can you also redeem one kyc free? Eg, walk into a bank and get cash?
Funny thing about money orders, you don't redeem them at banks. You redeem them at post offices and other places that are registered I think like certain gas stations (yeah money orders are weird)
Oh weird. That's actually great for privacy. If I ever want to sell btc for cash online, this might be the way. Thanks for the info!
Go to a Bitcoin ATM
Is that the only way? BTC atms are way too expensive
yah the ATM fees are painful but so is holding fiat
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Faaaaaaak I'm gonna have to swallow them fees but I'm just gonna convince myself it will be worth it... which it will lol
If you're in the US, bitcoin ATMs are not kyc-free. You could try https://localsats.org/
There is one very close to my work place. I have just seen the price on them and walked away, I didn't note if they were kyc or not, I'll check it out.. thank you
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Here https://coinatmradar.com/ you can check the premium they charge.
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It's what I thought, eventually those fees will be basically insignificant
Thank you everyone for your input here, it is greatly appreciated and full of information... I love this community!
In Canada Bull Bitcoin allows to do that
https://www.bullbitcoin.com/blog/bull-bitcoin-launches-no-kyc-bitcoin-purchases-with-cash-or-debit
Only way to do it is to mine it yourself
It is not hard and fun 😁👍🏻
What type of miner do you use?
S19 XP
Let me take advantage of the situation and ask you thus. Since you have been mining btc (I assume for some time) what do you think it's a best buy, a btc miner or btc coins? Tia
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Yeah. Can’t do it if you live in an apartment
HodlHodl - Buy and Sell Bitcoin NO KYC
https://hodlhodl.com/join/RTTA
HodlHodl is a platform that enables users to buy and sell Bitcoin peer to peer with no need for KYC and honeypots of personal information. This video walks through how to use the website.
https://www.youtube.com/watch?v=FmyYxrZM3Ms
Canadians actually have the best set up with this with bull Bitcoin.
We can walk into any post office and exchange cash for non KYC Bitcoin.
It's the one thing we have over everyone else lol
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BISQ (don't buy their stupid ass shitcoin)
Yes, by using hodlhodl.com or Bitcoin ATMs, for example. But details depends on a country where you are located.
All you need is going to Bitcoin Conference/ the community people willing to sell by P2P method. Also you need to learn self custody that mean you are the Bank.
With the Tor Browser one can visit Robosats.com and purchase BTC with NO-KYC cash.
Is not easy but I guess in every country are different options.
Maybe buying a voucher from Azteco or any other company. In some places you can find like a gift card loaded with btc and you pay it with fiat.
The easiest way, will be p2p, you can take a look on:
Hope this help you.
Check vexl.it
Some P2P exchanges have cash options
You could try https://localsats.org/
In the US , I think Coinstar machines will allow you to convert coins to btc. Can anyone confirm this?
Confirmed.
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