Buying/selling crypto privately: What's your strategy?

[Abiky]

When it comes to buying or selling crypto, one needs to make sure the trade is performed in the most private way possible. Just to keep governments and prying eyes away. Only for the true paranoid, of course.

There are many ways to buy and sell crypto in a private manner. You can either trade via a DEX, F2F (Face to Face), or even a P2P trading platform. My strategy? I buy/sell BTC through a P2P exchange called Bisq, and convert some into Monero. What's yours?

Feel free to share your strategy here. Thanks for your input, in advance.

[Findingnemo]

I can see there are many instant swap exchanges are avaible which can be used to swap the bitcoin into the known altcoins then use them to buy the altcoins on decentralized exchanges. So we just need bitcoin to buy/sell any crypto privately and to have bitcoin we can use the Bisq which will work for some.

[Abu-Naim]

Using DEX is better for me than face to face due to insecurity and for privacy sake. If you want to actually keep transactions private, then the use of DEX is better to keep your transactions private because using CEX that is not private because you have submitted your details in form of KYC, so it is better to use a place that can be safer for you and keep your transactions private. Kycnot.me can help beginners to make good selection of their DEX.

[MAAManda]

Honestly, I don't really pay special attention to privacy anymore, that's because it seems like all data in our country has already been leaked. Well, there have been a few cases in the past. When it comes to buying & selling crypto privately, I only use Binance P2P, this CEX isn't regulated in our country & I trust that they won't leak any data to our government.

[WatChe]

I have few friends that are in crypto domain and need cryptocurrency all the time. I sell them face to face since the status of crypto is still not clear in my country i.e. Pakistan. Although Binance P2P is available here but still authorities summon people who are doing p2p trading on Binance. It depends on country to country that which method is best for buying and selling crypto. I am happy that I am selling my coins through a strategy which doesn't compromise on my privacy.

[Odohu]

When it comes to buying or selling crypto, one needs to make sure the trade is performed in the most private way possible. Just to keep governments and prying eyes away. Only for the true paranoid, of course.

There are many ways to buy and sell crypto in a private manner. You can either trade via a DEX, F2F (Face to Face), or even a P2P trading platform. My strategy? I buy/sell BTC through a P2P exchange called Bisq, and convert some into Monero. What's yours?

Feel free to share your strategy here. Thanks for your input, in advance.

I have been using instant swap exchanges for some of my trading because they are easy and fast. They also have one of the lowest fees out their and offers a wide range of cross-chain transaction more than some of the DEX out there. In addition, I don't have to take the risk of connecting my wallet to a website like its done with DEX, no registration and no record of me... just the exchange via the wallets. A lot of them ensures privacy and anonymity by bridging to Monero before swapping to any other coins as the final output.

[o48o]

When it comes to buying or selling crypto, one needs to make sure the trade is performed in the most private way possible. Just to keep governments and prying eyes away. Only for the true paranoid, of course.

There are many ways to buy and sell crypto in a private manner. You can either trade via a DEX, F2F (Face to Face), or even a P2P trading platform. My strategy? I buy/sell BTC through a P2P exchange called Bisq, and convert some into Monero. What's yours?

Feel free to share your strategy here. Thanks for your input, in advance.

It's an interesting concept, but I however am very skeptical how it works if you are dealing with bigger amounts, because banks will be interested if you are selling a lot and getting money on your bank account depending where it's coming from, they are obligated to report it as well.

I am guessing there's nothing wrong if your tax reports will match to amounts, or if you are dealing with amount of money that doesn't trigger automatic flagging. Usually banks are also asking where you are getting your money and how much are you expecting to get. If that doesn't match, they will freeze your assets until they are done investigating.

[jossiel]

When it comes to buying or selling crypto, one needs to make sure the trade is performed in the most private way possible. Just to keep governments and prying eyes away. Only for the true paranoid, of course.

There are many ways to buy and sell crypto in a private manner. You can either trade via a DEX, F2F (Face to Face), or even a P2P trading platform. My strategy? I buy/sell BTC through a P2P exchange called Bisq, and convert some into Monero. What's yours?

I think that you're focusing with your privacy through monero and that's good.

But my strategy is just the same. Wherever I sell, in some dex or cex then I'll keep it in a while in a stable coin.

And by that time, will make me decide if there will be some good times to buy so that I can add more to my stash mostly with bitcoin before converting it to fiat.

[TastyChillySauce00]

When it comes to buying or selling crypto, one needs to make sure the trade is performed in the most private way possible. Just to keep governments and prying eyes away. Only for the true paranoid, of course.

There are many ways to buy and sell crypto in a private manner. You can either trade via a DEX, F2F (Face to Face), or even a P2P trading platform. My strategy? I buy/sell BTC through a P2P exchange called Bisq, and convert some into Monero. What's yours?

Feel free to share your strategy here. Thanks for your input, in advance.

It's an interesting concept, but I however am very skeptical how it works if you are dealing with bigger amounts, because banks will be interested if you are selling a lot and getting money on your bank account depending where it's coming from, they are obligated to report it as well.

I am guessing there's nothing wrong if your tax reports will match to amounts, or if you are dealing with amount of money that doesn't trigger automatic flagging. Usually banks are also asking where you are getting your money and how much are you expecting to get. If that doesn't match, they will freeze your assets until they are done investigating.

That will only happen if you make transactions and receive money in your bank account which OP isn't doing. He's exchanging BTC and XMR, both are cryptocurrencies and immune to freezing.
When you want to cash out and convert it into fiat to your bank account, you should exchange it to Bitcoin again through P2P platform or even DEX. Simple.