F bitcoin

I use Mandela. A lot of exchanges we can’t use bc of KYC bullshit but Binance is another. I like it more than coinbase. I actually hate coinbase
 
myosaurus said:
Where can I find these peer to peer site and how would you pay them?
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What I do is purchase a stable coin like tether or usdt and pay directly out of my bank. Then I will take said stable coin and purchase btc and store it on a cold wallet. IMO this is better than buying BTC direct as there is a paper trail from bank.
 
And if you want to be very untraceable, you can use a site like trocador.app and swap your btc for XMR(monero), which is very simple to do on their site. You'll need to download a XMR wallet like feather.

Then send XMR to your source, if they accept Monero(XMR).

I know it sounds complicated but, once you do it the first time its childs play.
 
DFL said:
And if you want to be very untraceable, you can use a site like trocador.app and swap your btc for XMR(monero), which is very simple to do on their site. You'll need to download a XMR wallet like feather.

Then send XMR to your source, if they accept Monero(XMR).

I know it sounds complicated but, once you do it the first time its childs play.
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Would be nice if all sponsors could handle XMR payments direct as it will be a more secure payment method.
 
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MindlessWork said:
Would be nice if all sponsors could handle XMR payments direct as it will be a more secure payment method.
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Thats why I accept it. Its definitely the most secure option we have at the moment, and its not even close. The fees to send are pennies too, literally.

The Feather Wallet is based on Electrum Wallet, so its very user friendly and super easy to use.
 
DFL said:
Thats why I accept it. Its definitely the most secure option we have at the moment, and its not even close. The fees to send are pennies too, literally.

The Feather Wallet is based on Electrum Wallet, so its very user friendly and super easy to use.
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How are you swapping the coin from BTC to XMR without it creating a taxable event?
 
Kubes said:
How are you swapping the coin from BTC to XMR without it creating a taxable event?
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That's a very good question. I would bet the conversion would be to sell the BTC and then doing a buy of XMR. That ought to trigger the taxable event and whatever exchange would have to send the 1099 for it if over $600. I don't think there's a real way to avoid the taxable event when converting from one crypto to another.
 
MindlessWork said:
That's a very good question. I would bet the conversion would be to sell the BTC and then doing a buy of XMR. That ought to trigger the taxable event and whatever exchange would have to send the 1099 for it if over $600. I don't think there's a real way to avoid the taxable event when converting from one crypto to another.
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Not unless you trade it peer to peer
 
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