Bitcoin Forum

Economy => Service Discussion => Topic started by: ThatDevAaron on November 15, 2021, 08:48:09 AM



Title: no-kyc hedge fund?
Post by: ThatDevAaron on November 15, 2021, 08:48:09 AM
are there any no-kyc bitcoin hedgefunds? If so please let me know, I want to leave some $$ in a hedgefund to see what happens.


Title: Re: no-kyc hedge fund?
Post by: Poker Player on November 15, 2021, 09:17:57 AM
No, there is not. I don't know if anyone is going to surprise me by proving otherwise.

But what's not clear to me is why, if you want it to be non-kyc, you want it to be a fund, rather than buying non-kyc Bitcoin directly.

Buying a stock fund may make sense because the hedge fund, buying and selling can add value to it, but there is no added value in a Bitcoin fund.

It is like Bitcoin, but more expensive, because they charge you commissions, and more insecure, because you don't have the keys.


Title: Re: no-kyc hedge fund?
Post by: mk4 on November 15, 2021, 03:19:35 PM
Hedge funds require AML/KYC by law, so it would be unrealistic to have one(unless the managers are willing to go to jail).

Really though, if you hate KYC just like most of us here, just buy some bitcoin through peer-to-peer and hold 'em on a mobile wallet or a hardware wallet if you have a good chunk.

P2P exchanges: https://localcryptos.com/ | https://hodlhodl.com/
Software wallets: https://bluewallet.io/ | https://electrum.org/
Hardware wallets: https://ledger.com/ | https://trezor.io/


Title: Re: no-kyc hedge fund?
Post by: sovie on November 15, 2021, 08:54:59 PM
are there any no-kyc bitcoin hedgefunds? If so please let me know, I want to leave some $$ in a hedgefund to see what happens.

If you find a hedge fund that does not require KYC verification then it is most likely a scam and stay away.
Hedge funds usually trade very large amounts of money, so they are almost under the constant supervision of state institutions. It is impossible for someone to invest large sums in hedge fund without verification.


Title: Re: no-kyc hedge fund?
Post by: Slow death on November 15, 2021, 10:37:14 PM
everyone has already answered your question, but I confess that this is the part I didn't understand:

I want to leave some $$ in a hedgefund to see what happens.

do you want to see what happens? I'm sure they won't steal from you because they're regulated, well at least they're not supposed to steal from you. but you know in this world people do pretty bizarre things for money. why don't you just buy bitcoin and leave it in your wallet and keep your private keys? you would have less headaches with things like KYC and fear of one day being robbed in these hedge funds


Title: Re: no-kyc hedge fund?
Post by: mk4 on November 16, 2021, 06:32:53 AM
I want to leave some $$ in a hedgefund to see what happens.

do you want to see what happens? I'm sure they won't steal from you because they're regulated, well at least they're not supposed to steal from you.

Based on how OP described it,  I think OP just wanted to make a small sizeable bet on bitcoin and want to "see what happens" with the investment. Not necessarily referring to seeing if the hedge fund will end up scamming or not.


Title: Re: no-kyc hedge fund?
Post by: AdolfinWolf on November 22, 2021, 09:21:02 PM
Something like Arakne bot is the closest that comes to mind but you probably want to avoid these kinds of trading with your funds unless you know who the operator is.

And more traditional "stockmarket-trading" using crypto obviously don't make much sense on a large scale given the regulations one as an operator of these hedge funds would have to deal with.

Personally I would also love to see real BTC/Stock pairs (I think there was an exchange in the past kinda offering this, but required kyc, forgot their name) but I highly doubt we will ever see this in a decentralized/kyc-free fashion (probably when hell freezes over :P)


Title: Re: no-kyc hedge fund?
Post by: malevolent on November 27, 2021, 12:39:25 AM
Personally I would also love to see real BTC/Stock pairs (I think there was an exchange in the past kinda offering this, but required kyc, forgot their name)

Binance is the biggest one: https://www.binance.com/en/support/announcement/3a0304f3ee1c43668959c1b01f610d59
There also used to be a Tor service: https://bitcointalk.org/index.php?topic=159237.0

but I highly doubt we will ever see this in a decentralized/kyc-free fashion (probably when hell freezes over :P)

With bearer shares being banned almost everywhere there's no chance for that.


Title: Re: no-kyc hedge fund?
Post by: DarkStar_ on December 01, 2021, 03:12:48 AM
And more traditional "stockmarket-trading" using crypto obviously don't make much sense on a large scale given the regulations one as an operator of these hedge funds would have to deal with.

Personally I would also love to see real BTC/Stock pairs (I think there was an exchange in the past kinda offering this, but required kyc, forgot their name) but I highly doubt we will ever see this in a decentralized/kyc-free fashion (probably when hell freezes over :P)

There are decentralized finance platforms trying to bring stocks into crypto. Mirror Finance (https://mirrorprotocol.app/#/trade) on Terra is the biggest one that I'm aware of, and it operates on a similar model as Dai does by having users overcollateralize another coin in order to mint a stock token. It's not quite real stocks, and it's not directly with BTC, but it does seem like a decent bet for anyone wanting to buy stocks without going through KYC.

I don't think we'd ever see a platform with 100% real shares, so the DAI model is probably the best we'll see for decentralized stocks.