Payment on non-kyc platforms like RoboSats & HodlHodl

[suchaburden]

I'd like to start buying btc on a non-kyc p2p platform, so I've been looking at RoboSats, HodlHodl and others. Many questions have come up, but I'll keep it short for this post. Some sellers accept bank transfer as payment, but their fees are often quite high. (And of course a bank account is kyc, but the transfer should not show any signs of its purpose of buying btc.) Many other sellers, usually with lower fees, accept only stablecoins like USDC, USDT and Eurite, and my question is: how is one supposed to get these stablecoins without using a kyc exchange? What would be a good way to approach this?

[rat03gopoh]

You mean from fiat to stablecoin?
They use P2P trading methods on exchanger with a maximum volume that doesn't require KYC, cash trades or P2P/F2F (but with higher physical risks), or use a DEX (AMM) if they already own other crypto.

What would be a good way to approach this?

My best bet is to sell digital services and only transact with people you trust.

[Upgrade00]

(And of course a bank account is kyc, but the transfer should not show any signs of its purpose of buying btc.)

As your first entry into crypto, you'll inevitably have to purchase it using a regulated channel like a bank account. This exposes privacy a little but far less than using a centralized exchange that logs all of your personal details and less risky than trying to trade directly with cash.

Many other sellers, usually with lower fees, accept only stablecoins like USDC, USDT and Eurite, and my question is: how is one supposed to get these stablecoins without using a kyc exchange? What would be a good way to approach this?

Their target audience are those that want to swap their stable coins for Bitcoin. If you want those stable coins you can get then through the same process you would to get bitcoins.

[dkbit98]

Many other sellers, usually with lower fees, accept only stablecoins like USDC, USDT and Eurite, and my question is: how is one supposed to get these stablecoins without using a kyc exchange? What would be a good way to approach this?

You can can also try PeachBitcoin app and see if there are local offers available for your area and country.
I would not hold anything is stablecoins, and I would be careful purchasing them in any way because they can easily be frozen.
For example, you can see on BLocksec website that 9,469 USDT addresses have been frozen worth $4.65 Billion!
https://blocksec.ai/usdt-freeze

[Trêvoid]

Buying LTC with cash at an ATM and then converting it to XMR via my service or Bisq, Retroswap further using cash-by-mail are among the private methods.

You could check https://coinatmradar.com

It's better to use reputable, trusted services even if they charge higher fees than to risk your crypto being seized or frozen just to save a few bucks.

Best regards,
— Trêvoid

[Hazink]

Buying LTC with cash at an ATM and then converting it to XMR via my service or Bisq, Retroswap further using cash-by-mail are among the private methods.

ATM's are not KYC free. Once you approach them to perform a transaction, your image is captured, the deposit address is also recorded and most of them also ask for their mobile number. This information, especially the selfie, attributes the buyer's full identity, if not for the risk associated with F2F, that could have been the only possible way to buy and pay with cash without leaving any trace.

[Trêvoid]

Buying LTC with cash at an ATM and then converting it to XMR via my service or Bisq, Retroswap further using cash-by-mail are among the private methods.

ATM's are not KYC free. Once you approach them to perform a transaction, your image is captured, the deposit address is also recorded and most of them also ask for their mobile number. This information, especially the selfie, attributes the buyer's full identity, if not for the risk associated with F2F, that could have been the only possible way to buy and pay with cash without leaving any trace.

Hello Hazink, across the USA, most ATMs just ask for a phone number, so you can use a burner phone and avoid giving personal info. Some of my clients use them regularly with no issues. ATMs have cameras, but store staff usually won’t say anything if you wear a balaclava. For extra OPSEC, walk to the ATM so outside cameras don’t capture your car. It depends on your threat model actually but fees are little high.

As I always say,

It's better to use reputable, trusted services even if they charge higher fees than to risk your crypto being seized or frozen just to save a few bucks.

Best regards,
— Trêvoid

[satscraper]

I'd like to start buying btc on a non-kyc p2p platform, so I've been looking at RoboSats, HodlHodl and others. Many questions have come up, but I'll keep it short for this post. Some sellers accept bank transfer as payment, but their fees are often quite high. (And of course a bank account is kyc, but the transfer should not show any signs of its purpose of buying btc.) Many other sellers, usually with lower fees, accept only stablecoins like USDC, USDT and Eurite, and my question is: how is one supposed to get these stablecoins without using a kyc exchange? What would be a good way to approach this?

I'm not trading on RoboSats or HodlHodl , I use Bisq/Bisq2. The fees aren’t really high; they’re basically standard, and you can always trade slightly above market to offset any costs. KYC also isn’t the problem because you’re free to use Wise for example and select the appropriate payment tag for your account. The common bisq policy doesn’t allow traders to reveal the source of funds, which keeps everything consistent with your privacy.

[Pipswizard]

Many other sellers, usually with lower fees, accept only stablecoins like USDC, USDT and Eurite, and my question is: how is one supposed to get these stablecoins without using a kyc exchange? What would be a good way to approach this?

I would not hold anything is stablecoins, and I would be careful purchasing them in any way because they can easily be frozen.

This is something I hadn't considered at all since i start learning about crypto currency


I was actually thinking of purchasing few stablecoin, but if neariy 10,000 USDT addresses worth billions have been frozen, that seems like a huge risk just to save on fees.


So is the general advice for beginners to just accept the higher fees with bank transfer and skip stablecoins entireiy?

[BlackBoss_]

This is something I hadn't considered at all since i start learning about crypto currency


I was actually thinking of purchasing few stablecoin, but if neariy 10,000 USDT addresses worth billions have been frozen, that seems like a huge risk just to save on fees.


So is the general advice for beginners to just accept the higher fees with bank transfer and skip stablecoins entireiy?

You can use stablecoins like you can use centralized exchanges and custodial wallets but by being aware of risks, you will not save all money you have in stablecoins or in your centralized exchange accounts and custodial wallets.

You can use them if it is only with small part of your capital that you afford to lose. With centralized exchanges, there is another thing you must accept, losing your identity documents and privacy by fulfill their KYC requirement that is part of their AML.

There are proposals from the EU and some countries about KYC stablecoin addresses and users and it might be another risk with stablecoins in the future.

Reminder: do not keep your money in online accounts

[ImGenius]

I'd like to start buying btc on a non-kyc p2p platform, so I've been looking at RoboSats, HodlHodl and others. Many questions have come up, but I'll keep it short for this post. Some sellers accept bank transfer as payment, but their fees are often quite high. (And of course a bank account is kyc, but the transfer should not show any signs of its purpose of buying btc.) Many other sellers, usually with lower fees, accept only stablecoins like USDC, USDT and Eurite, and my question is: how is one supposed to get these stablecoins without using a kyc exchange? What would be a good way to approach this?

I would not recommend it but sometimes I buy crypto from trusted people or group. Some group made for buying and selling crypto. And this kind of group has admin deal option, admin deal mean the one who sell crypto sent crypto to admin wallet when buyer pay fiat to crypto seller then admin sent crypto to buyer wallet that's how a admin deal happens in this process admin charge small fees. Beware of scamming group, many scammer create this oind of group to scam people. The best option to buy crypto is to buy  from your friend or if kyc isn't issue then reputated p2p platform like binance.