Post
Topic
Board Bitcoin Discussion
Re: Is there a good way to privately buy Bitcoin?
by
qwertyup23
on 23/04/2022, 17:19:34 UTC
With the rise of tracking of Bitcoin transactions by Coinalysis and stuff, keeping your Bitcoin pseudonymous seems harder these days. I normally buy through Coinbase Pro, but I was wondering if there is an easy way to buy Bitcoin privately, and without getting charged a premium? Only things I know of are Bitcoin ATMs and localbitcoins but pretty sure ATMs have a high fee and I don't want to have to go find an ATM everytime I want to buy anyway, and localbitcoins tend to sell at a large premium as well.

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?


I think your best bet would be to purchase BTC in this forum, while also providing an escrow for your services. Instead of paying a premium on some exchanges, without the need of KYC, you can at least give something to the escrow which is considerably cheaper and safer. But again, make sure that you get an escrow which is widely recognized here in the forum to avoid any scamming.

Though there may be cases of scams even if a person has a good reputation, this is just one of the risks of transacting with BTC- something that a person cannot avoid. Exchanges will always be there, but with the cost of premiums and providing KYC douments.