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Showing 3 of 3 results by lokamira
Post
Topic
Board Bitcoin Discussion
Topic OP
How can you stay anonymous buying Bitcoin if you’re most likely using fiat?
by
lokamira
on 15/07/2025, 19:36:29 UTC
Hey guys, I understand that Bitcoin is decentralized and doesn’t require ID or permission to use. That part is clear to me and I’m not questioning that. But what I’m still trying to figure out is how to actually get Bitcoin and stay anonymous if at some point you most likely will use fiat to get it.
Let’s say you try to go through a p2p method online, that still involves paying someone and that payment usually has to come from your fiat money. So how do you do that without creating a link to your real identity? That’s the part I find confusing. It’s not about Bitcoin itself, it’s about the process of converting the fiat to Bitcoin in a way that doesn’t leave a trace.
I’m also curious how people used to do it in the earlier days, like in 2014 or 2015. I guess it was easier back then but I don’t know what the usual methods were. Were they just doing regular bank transfers or was there something else people used to stay private?
If someone with real knowledge/experience can explain how this is done in practice I will be grateful for and than you.
Post
Topic
Board Legal
Topic OP
what can you do if your kyc-linked crypto wallet gets hacked?
by
lokamira
on 15/07/2025, 16:54:41 UTC
Hi everyone, I lately been thinking about a worst-case scenario of the following situation: If a crypto wallet that’s linked to your KYC identity (like one tied to a KYC exchange) gets hacked and you lose for example your phrases, what can you actually do about it? Even if there’s no money in it, a hacker could still use it for sketchy stuff, and because it’s linked to your verified identity, that could come back to you.
Is there any way to prove that the wallet is no longer under your control? Can you flag it or disconnect it some how ?
Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Is Bitcoin really decentralized and free if you need to show your 1D to get it
by
lokamira
on 09/07/2025, 11:40:35 UTC
⭐ Merited by stwenhao (1)
Hey guys, forgive me for asking a beginner question but this is something that has been on my mind for some time. People always talk about freedom and decentralization when it comes to Bitcoin or crypto in general. I hear that a lot and I get that it's a big part of the appeal. But from my noob perspective I’m a bit confused. How is it really free and decentralized if most exchanges or brokers ask for your real lnfo like some kind of official lD or documents just to get some Bitcoin? Doesn’t that mean all your transactions can be tracked and traced back to you? I’m not trying to criticize Bitcoin I’m just genuinely trying to understand. Maybe I’m missing something. Are there other ways to buy it that allow more privacy? And what about wallets, how would someone go about things if they really wanted to stay private? If someone with real experience in this area could explain how privacy and decentralization actually work in practice that would help a lot. Thanks in advance and again sorry if this is a really basic question.