In search of methods to privately buy Bitcoin? There’s a brand new web site for that.
Playfully dubbed KYC, Not ME, the web site compiles a listing of verification-free (or verification-lite) exchanges for privacy-minded Bitcoiners. The checklist contains mainstays just like the Euro-facing Hodl Hodl exchange and the globally-serving Bisq and LocalBitcoins exchanges, amongst others.
It additionally contains Binance, which has tiered verification (essentially the most lax of which lets you join with solely an electronic mail). For all intents and functions, Binance is in a special class than, say, Bisq, which requires its customers to obtain the Bisq software program and run a Bisq server to entry its order e book.
So the checklist is tailor-made to suit the privateness wants of essentially the most KYC-averse Bitcoin customers, and those that simply need slightly buffer between their private lives and the hubs they use to purchase magic Web cash. The location additionally annotates every exchange with badges that inform you extra about its operations.
For instance, Binance’s badges inform us that some KYC may be required (like an electronic mail handle), the exchange is custodial, and also you want an account to commerce. Distinction this with Bisq and Hodl Hodl, which provide utterly peer-to-peer, self-custodied buying and selling. It additionally designates which exchange lets you purchase Bitcoin (or different cryptocurrencies) with cash (equivalent to Bisq, Hodl Hodl, Binance) and which don’t (Commerce Ogre, for instance).
In its try to advertise privacy-preserving instruments, the checklist cuts towards the grain in a time when KYC and anti-money laundering necessities have grow to be the main focus of most Bitcoin companies, particularly these trying to develop and keep aggressive in such a dynamic market.
Quite than lean into KYC, as so many others have in a yr by which Bitcoin has gained extra consideration than ever, kycnot.me is a part of a motion making an attempt to maintain Bitcoin non-public.
A privateness proposal for a CoinSwap implementation is retaining to this objective, as effectively. The implementation, designed by Bitcoin developer Chris Belcher, may significantly enhance Bitcoin’s anonymity set and supply larger privateness options than different designs like CoinJoin.
Belcher not too long ago acquired a grant from the Human Rights Basis to work on the protocol. The group plans to dole out extra of those grants, which may complete as much as $50,000 per developer, within the close to future.
The views and opinions expressed by the creator are for informational functions solely and don’t represent monetary, funding, or different recommendation.