BitcoinETF on Nostr: It is not private if you use major CEXs to buy it. In fact, there are exchanges that ...
It is not private if you use major CEXs to buy it. In fact, there are exchanges that do not require the KYC procedure for registration - only an email/phone number.
But as a rule, those who talk about the possibility of bitcoin remaining an untraceable currency, usually do not consider exchanges as a way to buy bitcoin. Usually they are talking about P2P transactions and offline deals. In many countries (for example, in Turkey), there are street exchangers where you can exchange bitcoin or more often USDt for euros/US dollars and vice versa, and no one asks for ID. Such exchangers are in many countries, including the bitcoin ATMs you mention.
In addition, even having a registered account on one of the centralized exchanges, you can buy bitcoin and run it through a mixer, hiding the final address of the wallet owner. You can use the so-called decentralized exchanges, where you can exchange the cryptocurrency purchased somewhere else for bitcoin and, again, run it through a mixer, and then hide it in your secret wallet.
The path of a true bitcoiner also requires a secret computer with installed bitcoin and LN nodes, which is connected to the network via the darknet, and all transactions are signed by some fashionable hardware wallet like Coldcard.
But as a rule, those who talk about the possibility of bitcoin remaining an untraceable currency, usually do not consider exchanges as a way to buy bitcoin. Usually they are talking about P2P transactions and offline deals. In many countries (for example, in Turkey), there are street exchangers where you can exchange bitcoin or more often USDt for euros/US dollars and vice versa, and no one asks for ID. Such exchangers are in many countries, including the bitcoin ATMs you mention.
In addition, even having a registered account on one of the centralized exchanges, you can buy bitcoin and run it through a mixer, hiding the final address of the wallet owner. You can use the so-called decentralized exchanges, where you can exchange the cryptocurrency purchased somewhere else for bitcoin and, again, run it through a mixer, and then hide it in your secret wallet.
The path of a true bitcoiner also requires a secret computer with installed bitcoin and LN nodes, which is connected to the network via the darknet, and all transactions are signed by some fashionable hardware wallet like Coldcard.