Post
Topic
Board Bitcoin Discussion
Re: Buying BTC anonymously
by
kryptqnick
on 08/12/2021, 10:34:27 UTC
If I wanted to accumulate some BTC anonymously and just hold it
would this work?

Buy XMR on a KYC exchange.
Withdraw it to a Monero wallet connected by TOR or VPN
Transfer to a second Monero wallet connected by TOR or VPN
Send XMR to a non KYC exchange and buy BTC
Withdraw to BTC wallet connected by TOR

Any corrections, suggestions, or better ideas?
Honestly, this sounds too complicated to me, but maybe it's a good idea, I don't know. In my country, Bitcoin is quite popular, and there are local places where you can buy or sell BTC for fiat without providing ID or any personal information, as far as I know. If I wanted to make an anonymous purchase, I'd probably do it this way, by going to a place like this, but, of course, with a good reputation. You might want to inquire about the situation in your country, and perhaps there's a similar option there as well. Oh, and I think some BTC ATMs allow purchasing Bitcoin for fiat, and up to a certain sum you don't need to provide an ID. They might ask for other information, like as an email address or a phone number, but these might also be easy to anonymize (although I guess this also depends on your country).