Then depending on the P2P website you use, the same information will be stored on their server. Let's say I'm an agency tracking you, I will just need to contact the website to ask for everything I need about you and they will be very happy to send it to me. This is an open door.
Unless you use a decentralized exchange like Bisq where everything is stored on your own computer and not an external server. This is not an open door but if I know the seller, I can convince him to snitch your detail
This probably has to be repeated one hundred times every time somebody says that doing p2p deals will grant you all the needed privacy.
I don't know about you guys but at least in my case, I feel better if all the info from the wire I sent to buy bitcoins would be tossed with a million others than handing them over directly to a random guy on the internet.
Unless you plan to do a face to face trade when you go to another city to do the deal, weak masks and gloves and sunglasses, switch 3 trains and 4 buses back home, mix the coins, burn the clothes you have been wearing only for this deal and get a permanent haircut you will never be truly anonymous, and even those measures might fail. Even in-person deals mean nothing, people should always remember what happened to Burtw,
1,
2, especially the part about asking to hand over his account to them.
So my plan now is to DCA with Swan and then buy crypto on P2P if possible or through Cashapp. I know Swan and Cashapp are KYC but being totally No KYC is too complicated.
If you're already thinking (although reluctantly) to do KYC with all those why not stick with just one and avoid all the possible headaches, including one from your bank who might get suspicious about multiple small sums flowing to those services and random persons in different states?
One thing is for certain, anonymity and convenience are not really blending well when you try to deal with in fiat<>btc.
