RE: Trading anonymously is hard, but not impossible. (See the Options!) by awesomianist

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bitcoin · @awesomianist · Nov 25 '18

Despite their relatively more lax KYC requirements, they are still in essence a centralized exchange. Personally I feel like a better solution already exist for those that really wants to stay anonymous. 

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@hatu · Nov 26 '18

What is that option?

👍 awesomianist, thegames

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@awesomianist · Nov 27 '18 (edited)

Myself? Hypothetically i'd do it like this...

1) Start with p2p markets if i want to convert my fiat money into BTC/ETH. It helps to be in a local crypto supporter's community. I am in a few here in Kuala Lumpur, Malaysia so it's just a matter of DMing someone "Hey you looking to sell?" (trust bothways is required of course, that is why i make sure it's one of my bros) and then it's just a matter of passing cash money to him during a coffee session or something like that.

2) Once i have the BTC, it's a matter of trading under the radar with non-KYC exchanges.

3) ETH is better since I can use Kyber or Bancor.

Of  course, that is <b>IF</b> i want to trade anonymously.. I do have a few KYC exchanges for easy trades.. But for anonymity and privacy? Nothing beats p2p cash.

As you said, Trading anonymously is hard, but not impossible.

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