what countries have the best / most privacy fiendly bitcoin laws?

[Anonohmon]

Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.

and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?

It shouldn't be so hard to anonymously buy bitcoin.

[jackg]

Most of the exchanges have to deal with centralised payment organisations (such as visa, mastercard and banks) if you accept cash and don't kyc (wherever you are) you're at a higher risk of being scammed by a chargeback or by something being counterfeited/faked.

There are peer to peer and decentralised options for loading and unloading funds but they're not as trusted because of the higher risks involved (eg bisq only allowing small cash conversions to attempt to mitigate scams).

Even though they're backed by centralised exchanges, stablecoins might be the best alternative to trying to buy crypto without kyc (after mixing funds bought on a kyc exchange in some way or using a proxy).

[Anonohmon]

Most of the exchanges have to deal with centralised payment organisations (such as visa, mastercard and banks) if you accept cash and don't kyc (wherever you are) you're at a higher risk of being scammed by a chargeback or by something being counterfeited/faked.

There are peer to peer and decentralised options for loading and unloading funds but they're not as trusted because of the higher risks involved (eg bisq only allowing small cash conversions to attempt to mitigate scams).

Even though they're backed by centralised exchanges, stablecoins might be the best alternative to trying to buy crypto without kyc (after mixing funds bought on a kyc exchange in some way or using a proxy).

also, I'm wondering. if you're paying via credit card, just wait for the transaction to go through. there is also a paper trail so why do they want you to show ID and face? Now days even videos.

Even more than missing out on the price. I miss being in crypto earlier because it was so easy back then to just buy crypto anonymously.

[Z-tight]

It shouldn't be so hard to anonymously buy bitcoin.

You cannot anonymously buy bitcoin in a centralised exchange, they have their protocols and they must comply to government regulations which include KYC and AML policies. If you live in an area where there are Bitcoin ATM's, then it is a good way to buy bitcoin anonymously with cash, you can also try out other peer to peer options like Paxful, HodlHodl, Bisq were you do not have to provide KYC or identification to exchange your bitcoin.

Even more than missing out on the price. I miss being in crypto earlier because it was so easy back then to just buy crypto anonymously.

Are you so sure about that, buying bitcoin has never been completely anonymous, except through peer to peer decentralized options, or if you want to buy from a friend, you send cash in exchange for bitcoin or the other way round, centralized exchanges have done their business in this way, you either comply or not use them.

[ololajulo]

most exchanges are not restricted to traders in only a particular country, and many countries are tightening their rule on cryptocurrency mainly because of money laundering and the benefit of tax which enforce KYC. One can barely see exchanges with no KYC, although some may allow trade and prevent withdrawal above certain amount, Decentralized exchange is a provision for those not willing to use KYC with its restrictions as well

[Anonohmon]

most exchanges are not restricted to traders in only a particular country, and many countries are tightening their rule on cryptocurrency mainly because of money laundering and the benefit of tax which enforce KYC. One can barely see exchanges with no KYC, although some may allow trade and prevent withdrawal above certain amount, Decentralized exchange is a provision for those not willing to use KYC with its restrictions as well

but which countries are the best for here?

also what true dex's are there? Binance used to have a Dex but apparently that was a lie as they started implementing kyc.

which ones are tor friendly? Kucoin seems to not like me using tor to use their exchange.

Kraken seems to work but i need to select my country of residence. which country has the best/most lax laws?

[jrrsparkles]

most exchanges are not restricted to traders in only a particular country, and many countries are tightening their rule on cryptocurrency mainly because of money laundering and the benefit of tax which enforce KYC. One can barely see exchanges with no KYC, although some may allow trade and prevent withdrawal above certain amount, Decentralized exchange is a provision for those not willing to use KYC with its restrictions as well

but which countries are the best for here?

None, all the centralized exchanges has to comply the regulations of government where they want to operate and that is why more strict regulations in US forced binance to create separate platforms for US citizens alone but wait the centralized exchanges aren't the only way to buy bitcoin there are lot of other ways like no KYC p2p trading platforms let the users to buy bitcoin without any KYC documents.

[Anonohmon]

most exchanges are not restricted to traders in only a particular country, and many countries are tightening their rule on cryptocurrency mainly because of money laundering and the benefit of tax which enforce KYC. One can barely see exchanges with no KYC, although some may allow trade and prevent withdrawal above certain amount, Decentralized exchange is a provision for those not willing to use KYC with its restrictions as well

but which countries are the best for here?

None, all the centralized exchanges has to comply the regulations of government where they want to operate and that is why more strict regulations in US forced binance to create separate platforms for US citizens alone but wait the centralized exchanges aren't the only way to buy bitcoin there are lot of other ways like no KYC p2p trading platforms let the users to buy bitcoin without any KYC documents.

what would happen if an exchange opened in a super crypto friendly nation decided to ignore the US demanding it have KYC?

which nations have the best crypto laws of lack-thereof

[vv181]

also what true dex's are there? Binance used to have a Dex but apparently that was a lie as they started implementing kyc.

which ones are tor friendly? Kucoin seems to not like me using tor to use their exchange.

Kraken seems to work but i need to select my country of residence. which country has the best/most lax laws?

You will hardly get any centralized exchange that doesn't require KYC to buy bitcoin, even if you trying to choose a specific country when you try to register.

Your best bet would be to use Bisq which is already mentioned. In case it doesn't suit your needs or need another option, take a look at Hodl Hodl or Localcryptos. Or heads over to https://kycnot.me/ to see which exchange/services don't need KYC.

[BIT-BENDER]

Exchange are all about more business now than trying to uphold the values of Crypto-currency, some centralized exchange right now did not start of like that, they where decentralized and didn’t require KYC, but in other to have more business deals and not having any issue with countries law, so they are now compromising and turning centralized, but still you can find decentralized exchange that are private, secured and upholds anonymity.

[pooya87]

also what true dex's are there? Binance used to have a Dex but apparently that was a lie as they started implementing kyc.

which ones are tor friendly? Kucoin seems to not like me using tor to use their exchange.

Kraken seems to work but i need to select my country of residence. which country has the best/most lax laws?

You have to know that centralization and decentralization don't mix ever. In other words if there is a company behind an exchange then it can never be decentralized like the case with Binance and the joke they created called their DEX! Any other ones that don't require KYC or don't enforce it are no different, they can decide to change that rule at any moment and mandate it for everyone.

[Don Pedro Dinero]

Without having made an exhaustive study of the issue, I would say that these are the countries that have not yet regulated it, nor have they banned it, if there are any left. This excludes obvious cases such as El Salvador, where no income or capital taxes are paid on bitcoin.

https://es.cointelegraph.com/news/bitcoin-investors-are-reportedly-exempt-from-taxes-in-el-salvador

But the moment they regulate it, governments will want people to identify themselves in order to tax them, and this has happened at least in the countries I know of.

[Apocollapse]

Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.

None, if the countries have a government, then it's obviously centralized and will ask KYC. A good distribution or each region have a right to control their own region doesn't mean decentralized.

and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?

You have two choice: you want your business got shutdown or still continue but you need to follow the law? As a businessman you will choose the second choice since there's no reason why you should shutdown your business, are you want loss or profit? lol

It shouldn't be so hard to anonymously buy bitcoin.

Yes, that's why you need to understand and use Bisq, hodl hodl or localcryptos.

[PrivacyG]

I do not think there is any country in the world accepting the existence of Exchanges without KYC.  I am pretty confident they all require some sort of AML or KYC policy for suspicious cases.  The times where Centralized Exchanges existed without KYC are pretty much gone.

What is still real however is the existence of Centralized Exchanges known not to selectively scam (a k a require valid proof of identity all of a sudden) their clients and do KYC in very rare cases or, the ones I love the most, Decentralized Exchanges.  With the latter you just have control over your coins and know there is no policy that would steal your money or lock you out of it.

If a country decided to never accept KYC, it has to be a small one and they would likely be automatically threatened and punished by larger powers for doing so.  They would automatically label the country 'pro crime'.  KYC is now more about politics and surveillance and less about anti crime movement.  This is why it became so hard to purchase Bitcoin in a more private way.  Binance used to be a no KYC Exchange until last year when they decided it should be imposed for each and every client of theirs.

Anyway.  If you want a comprehensive list of which Exchanges, either Decentralized or Centralized, are better for privacy, then you should take a look at kycnot.me.

-
Regards,
PrivacyG

[o_e_l_e_o]

also what true dex's are there?

Bisq. No KYC, no accounts, no centralized website. Download the open source software, run it over Tor (which it does automatically), connect directly to other traders peer to peer, set up a trade using your fiat method of choice. Takes a little bit of getting used it, but it is easily the best way to buy and sell bitcoin at the moment without having centralized third parties spying on you and exercising complete control over your money.

what would happen if an exchange opened in a super crypto friendly nation decided to ignore the US demanding it have KYC?

Then they would very quickly be banned from operating within the US or serving US citizens.

[hd49728]

Govermnents don't protect your privacy at least with their laws. You know what happened with Ukraina vs Russoa war and reactions from.many nations including Swiss. Swiss is a nation with neutral approach and strategy from army to finance. They changed it by seize and freeze money from Russian orligarchs.

Fortunately with Bitcoin non custodial wallet, Coin Join transaction, Tor connection, you can have better privacy and anonymity by yourself. You don't have to rely on services provide by governments and their laws which can be changed anytime.

[Mr.sprin]

In the country of elsalvador that legalizes bitcoin, is there any special law regarding bitcoin transactions in that country?
Curious about the fate of the country of elsalvador when the bitcoin price drops like it is today, did the country of elsalvador suffer a big loss?

[lornadane]

In the country of elsalvador that legalizes bitcoin, is there any special law regarding bitcoin transactions in that country?
Curious about the fate of the country of elsalvador when the bitcoin price drops like it is today, did the country of elsalvador suffer a big loss?

Of course they also feel the impact of the current decline in bitcoin prices.
But they may have other money so they can cover their shortfall when the market is not as volatile as it is now.
If you say about losses, of course they feel the loss, especially since the price of bitcoin has fallen very far this time.

[Lucius]

It shouldn't be so hard to anonymously buy bitcoin.

If you are requesting anonymity, then the only option is to buy BTC for cash and leave no trace when it comes to KYC or connection to your bank accounts. That way you can buy BTC at some crypto ATM, although there will certainly be a limit for unverified users, or at physical crypto exchanges that also do not require KYC up to a certain amount.

Such exchange offices exist in at least one EU country (for now), and the amounts you can buy/sell are from 1000 EUR up to 2000 EUR per transaction. However, this is a specific case and you cannot do it online. Try using DEX or find someone in your local community who wants to sell BTC for cash, and stop fooling yourself that Bitcoin should be something anonymous because it never really was.

[sunsilk]

AFAIK, it is Malta who was the friendliest of them all and gave that go signal for those exchanges that they're tax-free. But it is for the benefit of the exchange and they still have to follow policies such as asking KYC for their customers.

As given which is the best for actual dex, go with Bisq.

Just expect that even the friendliest countries will still ask the exchanges to follow their rules and the exchanges will implement KYC for all of their customers as needed and required by law.