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89 sats \ 4 replies \ @SwapMarket 27 Jan \ on: What Collateral To Use On Robosats? bitcoin_beginners
p2p using banks is a stupid idea. They will leak any large or frequent transactions to taxman sooner or later, or just freeze the account. I only f2f for cash when I want to sell. I buy BTC on CEXes and immediately withdraw to cold. When I want to pay with it, I swap to LN or L-BTC. Good luck travel ruling my funds.
How do you find the f2f trades?
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Telegram channels for local expats from my country. They always trade USDT for local currency because international banking syndicate banned us. I trade BTC for USDT on non-KYC exchanges (and run one myself).
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Says p2p with banks is stupid.
Buys BTC on CEXs... (DO NOT USE THESE INFORMATION HONEYPOTS). It's not safe, and they will give your information to the IRS or other government agencies that request.
They can't do anything about transactions to "friends and family" which is the default if you leave reference blank.
I use Wise and it's been great.
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Wise is KYC and will also tell on you. I don't use residential address/tax id of the country I live in. I have such a luxury. Significant volume of incoming fiat from p2p will trigger banks.
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