BTC_Matters on Nostr: KYC free stacking on bisq basics for idiots (like me) 1-take cash to bitcoin ATM at ...
KYC free stacking on bisq basics for idiots (like me)
1-take cash to bitcoin ATM at your seedy local convenience store (you have to have bitcoin for escrow to complete a bisq transaction)
2-use one-time text verification service (don’t use your phone number) to complete bitcoin ATM transaction and get paper receipt
3-Create login on bisq (write down seed phrase and use a VPN anytime you are on bisq)
4-transfer ATM sats into bisq (you no longer need your ATM keys) using your ATM receipt
5-choose payment method in bisq and look for offers (I use strike…but Zelle and other options are available)
6-look for offer to sell at 2-3% premium to spot price. If none exists make an offer to buy. You will get a bite within a day or so. Avoid the scammers asking for huge premiums.
7-once you click ‘buy’ in an offer, the bitcoin escrow is in effect and you wait for blockchain confirmation
8-after confirmation, USD payment sent to seller outside bisq (via strike or Zelle, etc)
9-congrats you now own kyc free bitcoin
10-periodically transfer your bisq bitcoin (leaving enough for escrow) to sparrow premix wallet and conjoin directly to your coldcard 2 of 3 multi-sig cold storage
If I can do it, anybody can do it!
1-take cash to bitcoin ATM at your seedy local convenience store (you have to have bitcoin for escrow to complete a bisq transaction)
2-use one-time text verification service (don’t use your phone number) to complete bitcoin ATM transaction and get paper receipt
3-Create login on bisq (write down seed phrase and use a VPN anytime you are on bisq)
4-transfer ATM sats into bisq (you no longer need your ATM keys) using your ATM receipt
5-choose payment method in bisq and look for offers (I use strike…but Zelle and other options are available)
6-look for offer to sell at 2-3% premium to spot price. If none exists make an offer to buy. You will get a bite within a day or so. Avoid the scammers asking for huge premiums.
7-once you click ‘buy’ in an offer, the bitcoin escrow is in effect and you wait for blockchain confirmation
8-after confirmation, USD payment sent to seller outside bisq (via strike or Zelle, etc)
9-congrats you now own kyc free bitcoin
10-periodically transfer your bisq bitcoin (leaving enough for escrow) to sparrow premix wallet and conjoin directly to your coldcard 2 of 3 multi-sig cold storage
If I can do it, anybody can do it!