Tried it out immidiately. Intended to buy a 10€-Lightning Voucher, but the service fee is over 10%. Stopped there. Clearly the subsequent redeeming of the voucher into BTC can't be free of charge, too. So the tradeoff for non-KYC is: very high fees.
The redemption part is free.
But yeah, non-kyc sats generally come with a markup. Like 10% in this case.
The lowest I have seen is Bull Bitcoin post office vouchers with a 2% markup but that is only in Canada.
I tried it here in Canada. It was cool that I did not have to explain anything to the clerk, just show the QR code and pay-up. Still not sure how KYC it actually is. I think your identity can be associated somewhere during the flow.
The funding is ‘anonymous’, but once the funds hit your account, IMO you are doing a KYC purchase from your ‘verified’ account.
It’s KYC free if you pay with cash, get the voucher, and redeem.
If you pay with credit cards or something then that starts adding traceable elements.
Not sure about that. The Bitcoin Bull account is asking me to upload gov documents. I can have funds come in anonymously(cash at the post office) but buying Bitcoin is under a verified context.
It’s a cool way to get anonymous money into the account, but calling it KYC-free is a bit of a stretch, IMO
The QR code I present to the clerk effectively identifies me, so I wouldn’t even call that an anonymous cash transaction.
But how Non-KYC is azteco really? Because all those companies if you pay with credit card maintain those financial records and share with the government right?
In some countries you can buy vouchers at the counter with cash. Then it is really KYC-free (given no other surveillance present)
BISQ in Europe is often between 3.5-5%.
But w/o the cost of selling my personal data.
I believe that started in 2021 in UK... Post Office was in partnership with a German company if I am correct...!
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