- Motivation for owning non KYC coins? Well it is obvious that you do not want your masters to know how you own or they will steal you, if not just look how the US gouv seiezd all citizens gold with "Executive Order 6102", those who were not "KYC" could not be seized.void said:
what are your thoughts on a (rare) opportunity to buy nonKYC bitcoin where the seller asks for a rather high premium over market price?
- motivation for owning nonKYC coins?
- advantages and potential disadvantages in future?
- premium rate?
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Yesjakubko666 said:
If the bitcoin was bought by someone kyced, and now you buy it from him, but you're kycfree in this deal, is this btc considered as nonkyc now?
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for 500 usd sure
Of course when I answered I did not have in mind a purchase of 500k, does your bank just allow you to transfer 500k to a personal account without giving a reason 😉?
I'm in touch with couple of miners too, as well as companies accepting BTC from their customers - they ask premium, I'm interested what is considered a reasonable/common mark upTracaChang said:
some miners they may sell you directly, I do know some who sell a part of what they mine
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Which premium do they ask you? I would say "reasonable" is between 3 to 5%, in any case, not more than 8%.void said:
I'm in touch with couple of miners too, as well as companies accepting BTC from their customers - they ask premium, I'm interested what is considered a reasonable/common mark up
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more than 8%, ridiculous but otherwise ideal deal 🙄TracaChang said:
Which premium do they ask you? I would say "reasonable" is between 3 to 5%, in any case, not more than 8%.
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Have you looked at hodlhodl? I see some offers around 50k with premiums < 5%, just doing it 10 times you would be set for your goal of 500k. Or if not, why don't you try to post an offer there?
What countries do you know?jakubko666 said:
So you can use crypto ATM or in some countries, there is a news stand chain retailer who sells BTC for cash.
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central European countries are full of crypto ATMs - however the mark up is a between 4 and 12% and limit for nonKYC purchase is usually around 1000eur - hence inefficient