Safest no-KYC ways to convert cash stacks into Bitcoin? \ stacker news

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Safest no-KYC ways to convert cash stacks into Bitcoin?

4076 sats \ 24 comments \ @kpa 14h bitcoin_beginners AGORA lightning

Looking for what Bitcoin OGs actually use if it isn't a CEX. Just the methods people here consider the safest practical ways to turn some Bitcoin or cash into BTC. What works, and what would you avoid?

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257 sats \ 5 replies \ @k00b 6h

I hear Bisq’s cash option is pretty good. Otherwise, if you have local friends that are bitcoiners that don’t mind cash you can always buy from them (depending on the amount).

142 sats \ 4 replies \ @WeAreAllSatoshi 6h

local friends?

267 sats \ 3 replies \ @k00b 6h

I recently learned about them. If you leave your home/office, on occasion you might come face to face with another human being and become friends.

150 sats \ 0 replies \ @nichrome 3h

So it's like you /follow them and they /follow you, but IRL

I heard if you get many friends and hang out with them it's like a group chat, but IRL

84 sats \ 1 reply \ @WeAreAllSatoshi 6h

jokes on me, my home is my office lol

78 sats \ 0 replies \ @unboiled 3h

Some people are wild enough to leave both for short stints.

184 sats \ 0 replies \ @optimism 5h

OGs generally turn Bitcoin into cash, not cash into Bitcoin. The way how you do that is your friend tells you they wanna buy some Bitcoin off you and you sell them some for cash.

The other way around, you get yourself an OG friend and you tell them you wanna buy some Bitcoin off them.

98 sats \ 0 replies \ @Signal312 6h

Robosats.
There's an active telegram channel.

8 sats \ 0 replies \ @siggy47 3h

Nice try, fed

7 sats \ 13 replies \ @SkyLords 12h -30 sats

I am curious about this too. It is one of those questions I keep coming back to. Especially from a privacy point of view, I would like to understand what people actually use when they want to move between cash and Bitcoin without relying on a centralized exchange. I will definitely be following the replies here.

7 sats \ 0 replies \ @AilliA 3h -30 sats

I recently wrote a reply to a similar (same?) question about Monero here: https://stasher.news/items/338537/r/AilliA?commentId=338565 and I'm not a Bitcoin OG - I arrived too late to this world for that :))

I’ll quote the relevant parts:

Bisq (https://x.com/bisq_network, https://bisq.network): BTC/XMR over Tor + multisig. Platform fees + security deposit and on-chain fees.
RetoSwap (https://x.com/RetoSwap, https://retoswap.com): https://haveno.exchange/ is the Monero-native Bisq fork. Same model as Bisq, Monero at the core, Tor.
Private XmrBazaar seller (https://x.com/xmragora, https://xmrbazaar.com/search-category/buy-exchange/other/): use ONLY with multisig escrow or a bonded user. ALWAYS. (I try to weed out suspicious offers proactively, but better safe than sorry.)

Avoid:

Private / local meetup cash trades work ONLY if you already know people: random unescrowed "meet at the park" from a random listing is what I’d 100% avoid.
Most Bitcoin ATMs: cameras(!), shrinking no-ID limits, high fees, and a growing paper trail.
Unescrowed cash-by-mail with a no-rep seller.
Gift-card / "I send you a code", e.g. I do not mediate gift card transactions (and it's in my terms https://xmrbazaar.com/mediator-listing/Mhj9z/!) "because it is impossible to determine the cause of disputes when a buyer claims a card is empty or the code is invalid".