Private strategies for buying/selling crypto

If you're looking to buy or sell crypto, keeping it private is key. We all want to avoid being tracked by governments or nosy people, right? This is mostly for the really cautious folks out there. There are plenty of ways to trade crypto privately. You could use a decentralized exchange, go for face-to-face trades, or hop on a P2P trading platform. Personally, I like to use a P2P exchange called Bisq to trade BTC and then I switch some of it to Monero. How about you? Share your methods here. Appreciate any insights!

I can see there are many instant swap exchanges are avaible which can be used to swap the bitcoin into the known altcoins then use them to buy the altcoins on decentralized exchanges. So we just need bitcoin to buy/sell any crypto privately and to have bitcoin we can use the Bisq which will work for some.

Using DEX is better for me than face to face due to insecurity and for privacy sake. If you want to actually keep transactions private, then the use of DEX is better to keep your transactions private because using CEX that is not private because you have submitted your details in form of KYC, so it is better to use a place that can be safer for you and keep your transactions private. Kycnot.me can help beginners to make good selection of their DEX.

Honestly, I don't really pay special attention to privacy anymore, that's because it seems like all data in our country has already been leaked. Well, there have been a few cases in the past. When it comes to buying & selling crypto privately, I only use Binance P2P, this CEX isn't regulated in our country & I trust that they won't leak any data to our government.

I have few friends that are in crypto domain and need cryptocurrency all the time. I sell them face to face since the status of crypto is still not clear in my country i.e. Pakistan. Although Binance P2P is available here but still authorities summon people who are doing p2p trading on Binance. It depends on country to country that which method is best for buying and selling crypto. I am happy that I am selling my coins through a strategy which doesn't compromise on my privacy.

I have been using instant swap exchanges for some of my trading because they are easy and fast. They also have one of the lowest fees out their and offers a wide range of cross-chain transaction more than some of the DEX out there. In addition, I don't have to take the risk of connecting my wallet to a website like its done with DEX, no registration and no record of me... just the exchange via the wallets. A lot of them ensures privacy and anonymity by bridging to Monero before swapping to any other coins as the final output.

It's an interesting concept, but I however am very skeptical how it works if you are dealing with bigger amounts, because banks will be interested if you are selling a lot and getting money on your bank account depending where it's coming from, they are obligated to report it as well. I am guessing there's nothing wrong if your tax reports will match to amounts, or if you are dealing with amount of money that doesn't trigger automatic flagging. Usually banks are also asking where you are getting your money and how much are you expecting to get. If that doesn't match, they will freeze your assets until they are done investigating.

I think that you're focusing with your privacy through monero and that's good. But my strategy is just the same. Wherever I sell, in some dex or cex then I'll keep it in a while in a stable coin. And by that time, will make me decide if there will be some good times to buy so that I can add more to my stash mostly with bitcoin before converting it to fiat.

That will only happen if you make transactions and receive money in your bank account which OP isn't doing. He's exchanging BTC and XMR, both are cryptocurrencies and immune to freezing. When you want to cash out and convert it into fiat to your bank account, you should exchange it to Bitcoin again through P2P platform or even DEX. Simple.

Maybe you live in a country where crypto is illegal and you have to buy and sell privately but in my case it is different as crypto buy and sell is legal in our country. Most of the time when I sell some of my funds I ask my friends if they will take it and if not I sell it via exchange.

The confidentiality of crypto transactions will decrease every year. The regulator will do its best to address this. I wonder why the government hasn't yet come up with some kind of law "for avoiding transparency \ concealing transactions with cryptocurrencies" or something like that? This isn't paranoia, but a person's legitimate right to privacy. It's sad that this right must be fought for, using various means (and not by default). Why only "some" and not all? Your title says "crypto". So, if by "crypto" you mean XMR, then there are no privacy concerns when buying \ selling, as XMR is the embodiment of privacy. The best private way to buy \ sell crypto is with cash. However, the need to be present in person during the transaction can be a problem (are you ready to take a risk?). Also, your post mentions using the Bisq exchanger, which I don't think is a 100% guarantee (of course not) of privacy, and any other exchanger could be used. This isn't crucial. After this step, should probably add a bitcoin mixer and then convert the received BTC to XMR. Which one should you exchange for cash at the exchanger? At each step, you'll lose some in fees. Maybe it's easier to pay taxes to the government? By the way, why hasn't the government yet "banned" the use of XMR (and similar coins), perhaps under threat of criminal liability? After all, that's a valid reason if can't control or track transactions.

If you want to trade your crypto privately, I feel DEX is just kind of better but I always discourage F2F (face to face transaction) because of the risk which is involved in it. When you involve yourself in F2F (face to face transaction) you can be tracked after buying or selling, and you going to be attacked. When you are trading, if you are considering your privacy, then you should also consider your safety. If you are making use of P2P exchange, then make sure you use a reputable exchange, but I few DEX is just better.