Is there a good way to privately buy Bitcoin?

[Wong Gendheng]

To buy bitcoin personally, of course, there are many things, currently many exchanges do not implement KYC so we can buy without fear of our identity being known, after buying of course it is to keep it in a cold wallet because I am worried that one day the exchanges will apply KYC to withdraw.

[avikz]

With the rise of tracking of Bitcoin transactions by Coinalysis and stuff, keeping your Bitcoin pseudonymous seems harder these days. I normally buy through Coinbase Pro, but I was wondering if there is an easy way to buy Bitcoin privately, and without getting charged a premium? Only things I know of are Bitcoin ATMs and localbitcoins but pretty sure ATMs have a high fee and I don't want to have to go find an ATM everytime I want to buy anyway, and localbitcoins tend to sell at a large premium as well.

So is there anything like a decentralized exchange for Bitcoin where you can get current market price and exchange stablecoins with Bitcoin with other people? Or any other good buying option that preserves privacy?

If you want to buy large quantity of bitcoins, then I would recommend you to contact a miner instead of going to Decentralized exchange or p2p trading websites. This way, you know that you are getting a freshly mined bitcoin and also it will be anonymous.

There is a board where you can find bitcoin related trades as well,

https://bitcointalk.org/index.php?board=53.0

See if something interests you!

[Joshapat]

More and more countries legalize Bitcoin will be many rules such as the application of KYC so that it will disrupt investors, it is easy to buy Bitcoin personally, I actively trading and keep Bitcoin in MEXC because MEXC does not need KYC and cheaper transaction costs.

[SirLancelot]

More and more countries legalize Bitcoin will be many rules such as the application of KYC so that it will disrupt investors, it is easy to buy Bitcoin personally, I actively trading and keep Bitcoin in MEXC because MEXC does not need KYC and cheaper transaction costs.

Do we really care if KYC is the result of a great situation? I mean if all nations make bitcoin legal and support it with their laws, then I am fine with KYC as well. If you want to buy bitcoin privately then you could do p2p and that is still a valid situation, nobody could stop you from doing that and government can't find that out.

I personally believe that KYC is a good "annoyance" to something like bitcoin becoming legal. Would you rather have no KYC but also get Bitcoin to be illegal or not in the law at all? That would make things even harder. Remember, governments don’t decide anything about crypto, they decide what you can do with it.