Jacob | Five Eye Tea on Nostr: I've not been able to get into Bitcoin because of the KYC issue. It's not even so ...

I've not been able to get into Bitcoin because of the KYC issue. It's not even so much of a principle thing for me (though that's certainly part of it), I just don't feel comfortable offering sensitive documents to CEXes, which are undoubtedly one of the largest targets for black hats. Considering the fact that I have no way to verify they're doing due diligence on their security, and considering the fact that the docs they require aren't easy to replace if there's a data breach, I certainly won't give it to them. Most I might consider is a passport.

That said, KYC itself is complete anathema to the core principles of what Bitcoin is supposed to be. I really don't know how anyone is okay with it, but I also don't know any other way to get around it unless you know people in your personal life who can transact with Bitcoin (and I don't, since I live in a rural small town that has a majority of elderly folks). DEXes might be an option but every time I've tried to use one, it just didn't work out, and there are a few Bitcoin ATMs within an hour's drive... but the problem is that they cost a 20% fee, which is absolutely ABSURD.