bit coin atms better way for privacy?

[adadrian]

hey guys,

sorry if this is the wrong area to post. please advise me where to post or move this post if its in the wrong area.

im looking for a way to turn cash into bit coin as i dont want my bank transfers tracked. atm i use bitcoin atms. but the price difference is huge there is at least a 20 percent loss from the market value for using this way.

im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

 

[Nwada001]

bit coin atms better way for privacy?

Bitcoin ATMs are the worst that you should ever think of, both in terms of privacy and also in their charges; they only claim to offer a stress-free and fast buying solution to those who don't know their way around.

If you need to buy Bitcoin anonymously, a Bitcoin ATM should not even be an option for you, because you are not buying it privately; your primary data will be collected by the ATM, which is against what you are looking for.

The best way to buy bitcoin and remain anonymous is to use an exchange, but not the popular centralized exchanges that you are aware of, but a No KYC P2P exchanges where you can discuss with your seller which payment method you prefer the most: cash, gift cards, etc.

[tread93]

hey guys,

sorry if this is the wrong area to post. please advise me where to post or move this post if its in the wrong area.

im looking for a way to turn cash into bit coin as i dont want my bank transfers tracked. atm i use bitcoin atms. but the price difference is huge there is at least a 20 percent loss from the market value for using this way.

im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

 

Try to to p2p you will get slammed with fees using bitcoin atm

[asriloni]

hey guys,

sorry if this is the wrong area to post. please advise me where to post or move this post if its in the wrong area.

im looking for a way to turn cash into bit coin as i dont want my bank transfers tracked. atm i use bitcoin atms. but the price difference is huge there is at least a 20 percent loss from the market value for using this way.

im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

 

Find someone in AU who can send bitcoin directly to your wallet, while you pay him in cash. I don't see a better method than this to help you in securing your bank account to not be tracked.

I can't think of any ways except person to person transaction that will avoid you to provide personal data.

[Sticky Bomb]

Using Bitcoin ATM cannot guarantee you privacy, although there are some ATMs that collect fewer information to purchase little amounts like $200 - $1k, but they still require your phone number for text verification, so it's not private.

I believe you can achieve such privacy by using DEX and sending the funds straight to your non custodial wallet, that way no KYC would be obtained from you.

[lionheart78]

Find someone in AU who can send bitcoin directly to your wallet, while you pay him in cash. I don't see a better method than this to help you in securing your bank account to not be tracked.

I can't think of any ways except person to person transaction that will avoid you to provide personal data.

This is one of the best methods to keep your privacy since the transaction occurs only between you and the seller, although a bit risky since you need to have a face-to-face encounter and we never know who will be the one we are transacting to,  using a DEX is another option but I wonder how one can transfer funds online without using a payment processor or a bank transaction?  The P2P platform may not inquire about the KYC but the third-party payment app for fiat currency might be one to need the personal data.  

In this case handing fiat directly to the seller is the best choice for privacy just like @asriloni stated.

[_act_]

If you can be patient, the best is to make use of a decentralized exchange like bisq.network if you really want privacy. The transaction will be P2P.

I will not advise you to use a bitcoin ATM for this and also no need to make use of a centralized exchange for it. You do not necessarily need to use bisq if you know other alternatives but I recommend it.

[avikz]

hey guys,

sorry if this is the wrong area to post. please advise me where to post or move this post if its in the wrong area.

im looking for a way to turn cash into bit coin as i dont want my bank transfers tracked. atm i use bitcoin atms. but the price difference is huge there is at least a 20 percent loss from the market value for using this way.

im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

 

I think P2P is the best way to go for you! Bitcoin ATMs are bogus. It definitely helps to increase the visibility of Bitcoin however the fees are exorbitant. So my recommendation is not to use it.

On the other hand, P2P transactions can give you better pricing but it has certain risk involved. Earlier many platforms used to allow in person transactions but I don't think it is the case anymore. So you cannot use cash. You would have to use your bank account to make transactions. So there is no way to be 100% invisible from the system unless you find a miner who is willing to do in person transactions with you.

[OrangeCoinGood]

Bitcoin ATMs are the worst that you should ever think of

My whole stack was built on atms.  I pay around 5 percent, can buy up to a thousand a day with no ID or phone required.  Yes, they probably have my picture, but my money is earned legally and I save all receipts.

I just wanted non-KYC because I'm an ornery cuss.

No way in hell would I risk some sketchy p2p thing at the moment.  I'm fine with paying 5 percent.

So there is no way to be 100% invisible from the system

atms, if you live in a country where that is feasible.

[nemesis_incarnate]

Bitcoin ATMs are the worst that you should ever think of

My whole stack was built on atms.  I pay around 5 percent, can buy up to a thousand a day with no ID or phone required.  Yes, they probably have my picture, but my money is earned legally and I save all receipts.

I just wanted non-KYC because I'm an ornery cuss.

No way in hell would I risk some sketchy p2p thing at the moment.  I'm fine with paying 5 percent.

So there is no way to be 100% invisible from the system

atms, if you live in a country where that is feasible.

There is always a possibility for p2p to end up not well - however, if you are okay with the fees, then yeah, it's the price to pay for the "stability" of how you do things regarding the matter.

[fillippone]

As many have already stated in this thread, ATM were a very good privacy oriented ways of having Sats.
Now things have substantially changed.
There are difference across the various legislations in the world, but some sort of KYC is mostly required.
So, if large spreads were once tolerated because of it was a privacy preserving way of acquiring Sats, today they are almost unjustified.

[UchihaSarada]

im looking for a way to turn cash into bit coin as i dont want my bank transfers tracked. atm i use bitcoin atms. but the price difference is huge there is at least a 20 percent loss from the market value for using this way.

Bitcoin ATMs are not good for your privacy by requesting basic KYC from users. If you care about Privacy, Bitcoin ATMs are not for your need.

Beyond privacy issues, Bitcoin ATMs also charge users very expensive buying and selling fees so if you have other choices, Bitcoin ATM surely is not your choice. It is like your very last choice if there is no other ways for buying or selling your bitcoin.

Bitcoin ATM Deposit Exchange Rate shocks.

[nakamura12]

It's better if you use decentralized exchange rather than using bitcoin atm and one of the reason why is because of the charges when you buy bitcoin using bitcoin atm. Another way to buy bitcoin is through p2p if you have the patience to wait for the other party for the p2p. There are threads here in the forum mentioned about p2p and how it works and also the charge that I mentioned in this post.

[osasshem]

hey guys,

sorry if this is the wrong area to post. please advise me where to post or move this post if its in the wrong area.

im looking for a way to turn cash into bit coin as i dont want my bank transfers tracked. atm i use bitcoin atms. but the price difference is huge there is at least a 20 percent loss from the market value for using this way.

im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

 

I have not really used Bitcoin ATMs for buying Bitcoins, but one thing I am sure of is that it is not the safest way to purchase Bitcoin. In every ATM transactions, your details are been tracked from who is sending and to whom it is being sent. With this, there is no anonymity in such system as you are looking for. While using exchanges is the best by their p2p features, you can easily purchase without trace of what was paid for, and funny enough, you said you don't want to use exchanges. The way out is to create an account with private or not too popular p2p platforms that renders these services without KYC.

[satscraper]

~

I'm not sure how things work in Australia, but in most EU countries you can typically use crypto ATMs to exchange up to around €990 per transaction without needing to go through KYC verification. What’s interesting is that many of these ATMs don’t impose limits on the number of sequential transactions you can make during the single visit. As long as you use the different wallet address for each transaction, you can often break down the larger amount into smaller chunks and exchange them one after the other. Under current EU regulations customer due diligence requirements usually kick in only for transactions of €1,000 or more.

[betswift]

It's better if you use decentralized exchange rather than using bitcoin atm and one of the reason why is because of the charges when you buy bitcoin using bitcoin atm. Another way to buy bitcoin is through p2p if you have the patience to wait for the other party for the p2p. There are threads here in the forum mentioned about p2p and how it works and also the charge that I mentioned in this post.

As it was said - OP doesn't want to go the p2p route, due to what may arise alongside it..

[Aanuoluwatofunmi]

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

Bitcoin ATM should not be your priority if you're mindful of your privacy and wanted to have cheaper transaction fee, because these ATMs are owned by private companies and they charge on the use of any of their machines, not only that, it also have low availability rate, for us to locate one for use.

You may choose not to use a centralized exchange, but considering a decentralized exchange is not a bad idea, because they don't make use of KYC, yet you will exchange your currency and enjoy the use of their services the same way a centralized exchange can do.

[fikrett]

im very private and secure with what i do and dont want to use exchanges, as i know its the best way right now.

Bitcoin ATM should not be your priority if you're mindful of your privacy and wanted to have cheaper transaction fee, because these ATMs are owned by private companies and they charge on the use of any of their machines, not only that, it also have low availability rate, for us to locate one for use.

You may choose not to use a centralized exchange, but considering a decentralized exchange is not a bad idea, because they don't make use of KYC, yet you will exchange your currency and enjoy the use of their services the same way a centralized exchange can do.

To each his own, I guess - we have so many options, and that's great to be in charge of how to behave on the topic of privacy and where to cash out.

Personally, the matter for me goes off via the P2P, and I never got bad results from it: however, it can happen and may happen eventually.

[Ojima-ojo]

Some bitcoin ATMs requires you to verify your government issued IDs to be able to make a purchase, this is the reason, we sax that bitcoin ATMs are like banks so you can't say that you are looking for privacy and the reason you don't want to use bank transfer, so using ATM is almost same as what you are running from.


P2P as suggested by other forum members os the best way to go, if you don't use fully decentralized exchanges.

[kotajikikox]

im in australia, is there a easier way to get bit coins annon like using a atm to get bit coin that i dont know about? or i do i just have to face this is the price to pay for buying bit coin and making it untraceable from my bank?

Use P2P platforms where you’ll be talking to a person directly so you pay them the money and they send you to the bitcoin and vice versa. I don’t know in Australia but in my country we have e-wallets that are not necessarily connected to banks. Though to use e-wallets, we still had to fill in KYC. But it’s less restrictive than banks, imo. We can just deposit money to these e-wallets in any convenience store.