Members Area › Forums › Exchanges / Projects / Lenders / DeFi › Where / how to acquire bitcoin without an exchange and no KYC
- This topic has 3 replies, 2 voices, and was last updated 3 weeks ago by
tccadmin.
-
AuthorPosts
-
June 6, 2024 at 11:16 pm #3928
Jason
ParticipantCan anyone provide advice on where / how to acquire bitcoin without an exchange and no KYC requirements?
Thank you.
June 7, 2024 at 12:34 am #3931tccadmin
KeymasterThis is getting harder.
BullBitcoin used to be the place in Canada but they now have to KYC.
So the first two options that come to mind:
- Bitcoin ATMs often allow it up to $1K at a time
- Earn it. Through affiliate marketing (Swan Bitcoin, etc) or through your business or side gig
I suppose a third option is if you can somehow get some other crypto, KYC, you can then swap it for BTC in a non-custodial wallet like Atomic.
July 20, 2024 at 10:20 pm #3961Jason
ParticipantThanks for the above info; I have investigated several BTC sellers/networks selling via ATMs and US retail stores, and have found the fees to be expensive – 8% to 25%+ – depending on network and location. Also KYC requirements are highly variable and vary by network.
What about https://hodlhodl.com/ for non-KYC options? Any experience with their platform? Are their sellers trustworthy?
Finally, is BTC earned via mining subject to KYC? Might this depend upon the mining pool provider? Any recommended mining pools?
Thank you.
August 2, 2024 at 1:25 pm #3972tccadmin
KeymasterI’m not familiar with HodlHodl other than to know they’ve been around awhile.
On Bitcoin ATMS – yes, the premiums are high, 15% is normal.
Mining is not subject to KYC (at least for now – some of the scarier legislation we’ve seen were going to try, but they all fizzled because it’s not workable)
If you’re willing to try it, you could even mine some other coin (like a GPU mined coin) and then just swap that crypto into Bitcoin using a DEX like Tradeogre
Right now I have my GPUs mining FLUX and sending it straight to my Tradeogre deposit address and then I can use the API to convert it into BTC daily/weekly/monthly The only thing I can’t script is the withdrawal into my wallet, I have to log in to do that.
You could also look at some affiliate programs that pay out in BTC (I was going to say Swan but I can’t remember what info I gave them when I originally set up my account).
The hard part is getting from fiat to BTC, if you’re already in crypto, it’s a lot easier (you can even convert into Wrapped BTC, wBTC in cases where there is no direct bridge available to BTC, it’s not the same thing but it has tracked the price nearly 100% over the years – bridge it at some point).
-
This reply was modified 3 weeks ago by
tccadmin.
-
AuthorPosts
- You must be logged in to reply to this topic.