So as the title says I want to hear your ideas for buying and selling bitcoin anonymous with cash but of course this way is like dealing drugs u should trust the dealer and there are so many flaws to it but anyways let's talk about it more because I think buying bitcoin is essential to it's adaption.
21 sats \ 1 reply \ @Brunswick 26 May 2022
I have to ask clarification because the OP seems to be contradictory. "Cash" implies physical bills. "Over the internet" implies the buyer will never meet the seller in-person.
If you mean to use a venmo-like fiat payment system to pay, then robosats is what you're looking for.
If you mean to find people over the internet that you can meet F2F & IRL to exchange bitcoin for fiat bills, you can do this without any bitcoin exchange service. If this is the case, why not just use your lightning wallet?
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20 sats \ 0 replies \ @farbod OP 26 May 2022
Yes both actually all the ways to buy bitcoin without kyc
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21 sats \ 1 reply \ @TheBTCManual 26 May 2022
I am a big fan of more P2P markets, the only ones I think that really work the smoothest would be ones using Liquid since you can buy USDT and then just swap that for L-BTC but it's not ideal
I really like what robostats is doing, with it being a specific key to have an account and the reputation is tied to that key.
Have you also tried vouchers and P2P? you can find a curated list of exchanges/platforms here - P2P Bitcoin exchanges
And a guide on how to do it on LN here
- Buying BTC on Lightning With No KYC
I think you can also do it with bitcoin ATMs, if its under a certain value, if you have one in your area.
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20 sats \ 0 replies \ @Brunswick 26 May 2022
I don't think there is any reputation tied to a robot. The intent with robosats is that each transaction is with a new randomly generated robot identity
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21 sats \ 1 reply \ @P2P_bitcoin 26 May 2022
Related:
How to make local peer-to-peer Bitcoin trading groups (e.g. via Signal)
#11703
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40 sats \ 0 replies \ @farbod OP 27 May 2022
Read it loved the idea but seems a bit hard to gather trusted people and make sure that there will be no failed exchanges
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23 sats \ 0 replies \ @k00b 26 May 2022
Bisq is probably what I'd use if I wanted such a thing: https://bisq.wiki/Cash_by_mail
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21 sats \ 0 replies \ @P2P_bitcoin 26 May 2022
See the entries marked "NO KYC" in the following list:
Person-to-Person bitcoin Trading Platforms
https://cointastical.github.io/P2P-Trading-Exchanges
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21 sats \ 2 replies \ @Brunswick 26 May 2022
Is there a way to derive a reputation score by analyzing the seller's lightning node? The seller signing a message with the node could function as identity verification.
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20 sats \ 1 reply \ @02a17e8bd8 26 May 2022 freebie
Users aren't required to run their own lighting node. You could use a custodial lightning wallet (like Wallet of Satoshi) without any issues whatsoever on robosats.
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20 sats \ 0 replies \ @Brunswick 26 May 2022
I wasn't suggesting robosats and verifying a lightning node. Different threads
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21 sats \ 2 replies \ @BlokchainB 26 May 2022
BTC ATMs
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20 sats \ 1 reply \ @farbod OP 27 May 2022
The btc rate is unfair on most of them
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21 sats \ 0 replies \ @BlokchainB 27 May 2022
Price you pay for privacy. It’s not linked to your SSN address or name
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21 sats \ 0 replies \ @Undergotten 26 May 2022
Bisq, though I've never actually tried it. I hear it works pretty well, most of the time.
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21 sats \ 0 replies \ @maxtrotter 26 May 2022 freebie
If you want to sell bitcoin for cash the best way is to meet the P2P with your Bolt Gift card pre loaded for agreed amount (no phone required at the meet) exchange cash and tap their phone with the bolt card - the NFC will do it magic and the bitcoin is sweept via a lightning wallet MUUN worked like a dream - more info about BOLT >
https://coincorner.com/social/max
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22 sats \ 1 reply \ @zuspotirko 26 May 2022
You can buy Bitcoin via Cash on several p2p plattform like e.g. Bisq.
However, I didn't have good experiences with it. Last time I checked there were like 2 sellers in all of Germany and a +10% spread. The process also involved some special plastic bags to put the paper money in etc.Definitely not a frictionless transaction, high barrier to entry.
It's easier to find local Bitcoin meetups and find people that are willing to buy KYC Bitcoin that disappear into the void in their name. I wouldn't want that on my name even for 10% profit margin...
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22 sats \ 0 replies \ @Majjin 26 May 2022
I really hope that the new API for Bisq will let developers create smooth experiences for the platform. I think that if there's a smoother, simplified UI, more people would use it.
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20 sats \ 2 replies \ @EnormousPony 27 May 2022
I am old enough to remember about Localbitcoin, is it still a thing?
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6 sats \ 1 reply \ @P2P_bitcoin 27 May 2022
They used to have the largest share of P2P trading volume, by a wide margin.
Then they made KYC a requirement. They are still the largest (by trade volume) in some countries, but they've shrunk dramatically in both trade volume as well as market share.
Paxful is now the largest, but some time after LocalBitcoins began requiring KYC, Paxful did the same thing.
OP specifically asked for KYC-free methods, so neither of those will work. There are a number of No-KYC (KYC-free) P2P trading platforms such as Bisq, Robosats⚡, HodlHodl, LocalCoinSwap, LocalCryptos, AgoraDesk, and a handful of others that are smaller or targeted to a specific language or country / region.
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20 sats \ 0 replies \ @EnormousPony 27 May 2022
I use Bisq and Robosats these days. Bisq is by far my favourite
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1 sat \ 0 replies \ @JustDavids 27 May 2022
As a friend with btc who’s willing to sell.
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1 sat \ 0 replies \ @f321x_ 27 May 2022 freebie
Bisq with Cash by Mail or In person trade option
0 sats \ 1 reply \ @Barrabaass 1 Jun 2022 freebie
@lnp2pbot on telegram