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As for 2, I would have thought one of the privacy coins could have been utilised: Buy Monero with Biticoin -> Transfer Monero to another wallet -> Buy Bitcoin
by samdoidge 7y ago
As for 2, I would have thought one of the privacy coins could have been utilised:
Buy Monero with Biticoin -> Transfer Monero to another wallet -> Buy Bitcoin with Monero.
But I guess it isn't that easy.
- sametmax 7y agoMost exhanges ask for KYC, so the BTC wallet would still be attached to your ID. You need to do that with individuals, which is much harder, especially for a high amount of money. Not saying this is impossible, but it's no as simple as it used to be.
- deleted 7y ago[deleted]
- magnamerc 7y agoApparently this also breaks Moneros privacy by identifying a BTC address associated it (even without KYC). You need to buy Monero from LocalMonero if you want to be truly private.