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mleku | 16 days ago (raw) | root | parent | reply | flag +2 
 well, i say, put your eggs in one basket, that is far away

i use xapo bank, based in Gibraltar, and i live in EU, they are UK, so it's two degrees of bullshit bureaucracy for the local extortionists to get the gist of what i'm doing... better than nothing i say

but thety are charging an arm and a leg for annual membership fee... $1000 now... so unless you are a tech worker like me where that is under 1/3 of my monthly pay ... not feasible

i'm not sure what problems you have been having with robosats... i found it worked ok, but you pretty much have to KYC with the revolut or whatever that you use with it

not gonna lie, it's very hard to do bitcoin trades without KYC, they have put guards on every gate

i remember the good old days of localbitcoins.com when i did many trades just based on reputation and in person with cash and watch them sign off on broadcasting a tx
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Jacob | Five Eye Tea | 16 days ago (raw) | root | parent | reply | flag 
 "It's very hard to do Bitcoin trades without KYC" is exactly the problem. Hell will freeze over before I KYC for anything willingly and I'm certainly not doing it for $50 of Bitcoin in a personal trial run... which sucks to say because I do see many of the ways it can significantly improve our future. However, if governments can simply block all the entries like this, I'm not sure it's quite the be-all/end-all that many claim.

The dumb thing is, I'm not even explicitly anti-KYC because I want financial privacy (though that is still quite important). It's that I'm not about to give sensitive documentation (which is difficult to replace) to a centralized platform that's highly targeted by blackhats, especially not when I'm incapable of verifying that they're doing due diligence. I'm also not about to give selfies to these platforms for Lord knows what purpose, which would make a data breach even WORSE for the victims involved.