TheGrinder's avatar
TheGrinder thegrinder@nostrplebs.com 1 month ago
Yeah I'm also not a fan of sending fiat money across the SEPA banking network to random people. It's a paper trail alright and you don't know your counterpart. He could be a drug dealer, money launderer, pedo... whatever. You don't know them, you don't know if their accounts are flagged and you're exposing yourself to creating a financial connection to someone you maybe shouldn't be tied to. That part of "non-kyc" never made sense to me and never will. How do you plan to buy the Monero? If you can get some stablecoin (somewhere, CEX) then you can just flip that to Monero or Sats @
NonKYC Crypto Exchange
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 But you still have that paper trail of buying the stablecoin. But, you get spot price on your swaps, no premium.
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Replies (8)

SuiGenerisJohn's avatar
SuiGenerisJohn johnlaw@getalby.com 1 month ago
Ya, I’ve been trying to flag this for people. Any one of these sellers on Robosats could be a person just gathering data on everyone who is buying “KYC” free sats and just aggregating that shit for some purpose later. If I was a fed (I swear Im not), you could id hundreds of people every month and just file that shit away for later.
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SuiGenerisJohn's avatar
SuiGenerisJohn johnlaw@getalby.com 1 month ago
To add, using your bank to buy btc from a rando on the internet, you might as well just buy on strike and send it to yourself on bull bitcoin wallet swapping into liquid and later move on chain. At least then you are your own counterparty, but the KYC exposure is the same and at least you don’t have your data being aggregated by secret feds or otherwise entangle your banking information with someone who might be doing crimes and later finding yourself getting subpoenaed.
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.'s avatar
. 1 month ago
Right now cashapp will pay any lightning invoice from the fiat bank connected to it. I saw a user scan a minibits ln invoice from cashapp and pay from their bank fiat. It paid the invoice with no further questions. As far as I could see it was considered a LN withdraw in the limits section but not a buy order or purchase of bitcoin. Square sent the sats to the cashu mint and separately pulled fiat from a bank transfer to square.
Cody's avatar
Cody 1 month ago
Yes they "could" be, but with KYC they are for sure. Robosats is better than full KYC
Brunswick's avatar
Brunswick Brunswick@stacker.news 1 month ago
Good point. Perhaps the most efficient way is to buy L-USDT directly with a bank account, then swap it to L-BTC and swap again to onchain. You could also try swapping L-USDT directly to onchain with robosats.
TS's avatar
TS ts@nostriches.net 1 month ago
If you are paying them fiat you just document it for a service. The coin and the fiat are seperated. Send to them through strike and receive btc through another wallet or ln node.
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