Post
Topic
Board Bitcoin Discussion
Re: bit coin atms better way for privacy?
by
LogitechMouse
on 29/05/2025, 06:24:05 UTC
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im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

 
Buying Bitcoins thru ATMs are the worst way to buy if you're thinking about the anonymity of yourself.

Imagine you're physically converting your fiat money into BTC while some robbers are around and waiting for somebody to convert on those ATMs and then after you did it, they will follow you and do the "$5 Wrench attack". Basically, they will just rob you that's all. Security-wise, that's the worst way that you can choose when it comes to buying Bitcoin.

Forget about the banks when you're trying to buy some Bitcoins because it will not make you untraceable at all. I believe there are some non-KYC exchanges out there where you can still buy some Bitcoins, but personally I'm not using them for unknown reasons. Cheesy If you want to be private while buying one, don't do face-to-face at all.