What’s the best way to buy crypto now without raising red flags?

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stake1337Member
Posts: 9 · Reputation: 74
#1Aug 22, 2017, 08:55 AM
I've been in the crypto game for a few years but took a little break. Now that I'm back, it seems like everything has changed. Every exchange is asking for ID, selfies, proof of income it's a whole ordeal. I just wanna grab some coins without sharing my whole life story. Not trying to dodge taxes or anything, just don't feel comfortable giving these platforms all my personal info after seeing so many hacks or random account freezes. What’s the deal in 2026? P2P? Decentralized swaps? What’s actually working for folks out there, not just the usual theory?
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Posts: 46 · Reputation: 222
#2Aug 23, 2017, 12:23 PM
Try using a swap aggregator. Fastest way I've found , connects to your wallet, no KYC, done in a couple minutes.
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stack_2017Senior Member
Posts: 201 · Reputation: 1389
#3Aug 23, 2017, 03:26 PM
You already made a similar topic here and you already got some good answers, better continue the conversation there if you have more question than create a new topic: https://bitcointalk.org/index.php?topic=5574384.msg66404252#msg66404252
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alex.shardLegendary
Posts: 1019 · Reputation: 5623
#4Aug 23, 2017, 06:46 PM
Did you notice that he has a negative trust while the person that replied first replied to this and his last topic both have negative trust, I guess those can be his alts. He is probably using his alts to reply himself.
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alexwalletSenior Member
Posts: 347 · Reputation: 1933
#5Aug 23, 2017, 09:04 PM
Wait, you've been around for years and you're still asking beginner questions and starting multiple threads. So what's your next plan, editing the OP to pretend you've found a legit exchanger with zero fees and a millisecond processing time? I'm watching you.
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degen_nonceFull Member
Posts: 134 · Reputation: 434
#6Aug 24, 2017, 01:16 AM
The easiest way to buy crypto is through p2p, you could buy from any exchange that supports p2p but the best could buying from forum member that is from your country you could look for them to buy from directly then you may transfer fiat to their local account which they could provide to you than going through several kyc processes. The forum makes trading very easier if only you had make use of any forum member p2p, thus, if you want to engage yourself with p2p with anyone here you must make sure to use a reputed member here so that you wouldn't be that gotten scammed so easily.
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st4cks4tsFull Member
Posts: 149 · Reputation: 608
#7Aug 24, 2017, 02:11 PM
The question in that thread is about Zcash. I can't say anything about Zcash - I've never used it. But I can give some advice regarding Bitcoin, so I'll answer here. A great way is buying on Robosats. Their community prioritizes privacy. A specific plus is that you receive Bitcoin over the Lightning Network, where no one can track their history. An alternative is LNP2PBOT. It's useful if you don't have any Bitcoin yet. On Robosats, you need a security deposit to make a purchase, and that deposit can only be made in Bitcoin. So, LNP2PBOT is a great way for your first purchase, and Robosats for subsequent ones.
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paulyieldSenior Member
Posts: 518 · Reputation: 1547
#8Aug 24, 2017, 02:58 PM
If you don't want to hand over KYC the only way is to P2P. Even in a simplistic exchange where you just need to swipe your card, you'd be required to upload KYC. Using dex is a no go if you got no bitcoin or any altcoin because it requires gas fee despite it being KYC-less and that stablecoin doesn't magically come from somewhere non KYC route.
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nonce1337Full Member
Posts: 62 · Reputation: 333
#9Aug 24, 2017, 06:19 PM
I know what you mean. Getting back into crypto feels like you are applying to get a bank loan just to buy few coins. You need an ID, a selfie, proof of income, and other stuff and It's annoying, I get that people don't want to hand out their information after all the hacks and account freezes. In my view, the game has just changed. Centralized exchanges have changed and will not go back to how things were. Regulation is here to stay for good, I get that people don't want to get flagged, but instead people just need to adjust how much they depend on these exchanges. A lot of people do P2P for smaller buys and then move their funds to self-custody.  There are people who also buy only once on a regulated exchange and then do all the rest through DEXs from their wallets. Keep your coins in your own wallet. Don't leave them on exchanges, if you have a hardware wallet use it and don’t leave any funds at the exchange. Privacy takes a little more annoying effort,  but it is not gone.
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shard_minerSenior Member
Posts: 359 · Reputation: 1322
#10Aug 24, 2017, 08:19 PM
After being away for the period you did, I don't think it would be proper to assume that there has not been any further developments or advancement when it comes to exchanges and the Blockchain network. There so much upgrades and even AI integration that has been done is still being down to make things more complicated for new comers and old timers that fail to stay abreast with the latest trends. You obviously have information lag and you have to resolve this by doing some research and deep study so as to be current and up to date. However, I can direct you to these links for quick and deep study while I iterate you with some tips to stay safe: For one, you should let funds sit in your account for at least 24- 48 hours before moving it to an exchange. The names you use when buying crypto currency from your bank should match. Lastly, never use a VPN to buy crypto currency mostly when dealing with your bank app.
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stack_2017Senior Member
Posts: 201 · Reputation: 1389
#11Aug 24, 2017, 09:06 PM
Is this actually a thing? If you deposit crypto in your funds, and trade and withdraw shortly after, your account is going to get flagged? This is the first time I'm hearing of this. It's an exchange/trading platform, why would they expect users to keep funds for a certain period of time?
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rocket2014Full Member
Posts: 71 · Reputation: 575
#12Aug 25, 2017, 12:05 AM
I think it does not matter just use better CEXes avoid bad ones, but if you still have KYC or anything on those exchanges such as mexc, I would suggest to do some swaps on spot and then withdraw its considered as action you deposited to CEX to swap something and then try to move it to non custodial its default pratctice nothing weird.
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