Its very very difficult. The SEC forces these companies (Coinbase, Cashapp, ect) to report. Most of them in the US will require you to upload some type of ID verification to buy/sell with USD. So the entry and exit into the crypto world is pretty heavily locked down. Also keep in mind most blockchains are public and readable by anyone. (Monero is an exception to this rule)
With VPNs and foreign exchanges you can run trades without too much interference, but getting in and out of USD is still a bitch.
There are ways to buy with cash in person, but I have not used any of those methods myself.
Don't know about getting in as I mined a while back to get into the crypto space, but for getting out one option is to use online precious metal exchanges to order silver for delivery. Never touch USD, and go straight from Crypto to Silver coins/bars.
Don't know how it'd be tracked unless someone actively opened your mail and found the silver, and started asking questions.
Thank you for that explanation. I really appreciate it. I use a vpn and have for some time, so there's that. I don't object to the ID verification but I suspect that my transactions would be TOO visible....very low, fixed income. I have to set aside funds for everything and it's workable in that way. Putting small amounts in BTC makes sense to me.
I am not a financial advisor, but I am telling you, throwing $50-$100 at BTC every month has been the smartest financial decision I have ever made.
makes sense.
good call.
Is there a way to do that without broadcasting MY business....i.e....no hometown bank involved?
Its very very difficult. The SEC forces these companies (Coinbase, Cashapp, ect) to report. Most of them in the US will require you to upload some type of ID verification to buy/sell with USD. So the entry and exit into the crypto world is pretty heavily locked down. Also keep in mind most blockchains are public and readable by anyone. (Monero is an exception to this rule)
With VPNs and foreign exchanges you can run trades without too much interference, but getting in and out of USD is still a bitch.
There are ways to buy with cash in person, but I have not used any of those methods myself.
Don't know about getting in as I mined a while back to get into the crypto space, but for getting out one option is to use online precious metal exchanges to order silver for delivery. Never touch USD, and go straight from Crypto to Silver coins/bars.
Don't know how it'd be tracked unless someone actively opened your mail and found the silver, and started asking questions.
Thank you for that explanation. I really appreciate it. I use a vpn and have for some time, so there's that. I don't object to the ID verification but I suspect that my transactions would be TOO visible....very low, fixed income. I have to set aside funds for everything and it's workable in that way. Putting small amounts in BTC makes sense to me.
Until it is worth ZERO - You know Q will take it out and it could happen in a blink of an eye
What are you talking about?