Despite their relatively more lax KYC requirements, they are still in essence a centralized exchange. Personally I feel like a better solution already exist for those that really wants to stay anonymous.
Posted using Partiko Android
Despite their relatively more lax KYC requirements, they are still in essence a centralized exchange. Personally I feel like a better solution already exist for those that really wants to stay anonymous.
Posted using Partiko Android
What is that option?
Myself? Hypothetically i'd do it like this...
Start with p2p markets if i want to convert my fiat money into BTC/ETH. It helps to be in a local crypto supporter's community. I am in a few here in Kuala Lumpur, Malaysia so it's just a matter of DMing someone "Hey you looking to sell?" (trust bothways is required of course, that is why i make sure it's one of my bros) and then it's just a matter of passing cash money to him during a coffee session or something like that.
Once i have the BTC, it's a matter of trading under the radar with non-KYC exchanges.
ETH is better since I can use Kyber or Bancor.
Of course, that is IF i want to trade anonymously.. I do have a few KYC exchanges for easy trades.. But for anonymity and privacy? Nothing beats p2p cash.
As you said, Trading anonymously is hard, but not impossible.