[Roosh]

Now that the price is going down, I'll be looking to buy Bitcoin soon but I don't want to use Coinbase. I'm leaning towards the Local Bitcoins option. Any other easy option, preferably with cash?

Also, has anyone considered buying/selling from forum members? I know that requires a high amount of trust, but it's possible we can use some sort of escrow. I'm not sure of the legality of this method.

[NewMeta]

if you come on the crypto slack im sure theres plenty of people who would help you out including myself, just wire me the money and ill buy for you.

Why don't you want to buy yourself? Is it that you have to provide ID when signing up? In which case how do you plan on cashing out if you ever want to?

I wouldn't wait too long, bitcoin is bouncing back hard and getting more expensive by the minute.

[Bill Brasky]

If you're looking for real anonymity, create a wallet on a separate computer and then buy the crypto in person w cash. Obviously do it in a public place and make sure that they agree to wait w you until you receive at least 6 block confirmations. Get a screenshot of the wallet before meeting. People on localbitcoins.com should have ratings as well. Ask them to send you the wallet address and the. Check the wallet at blockchain.info.

You may want to ask for litecoin instead as the price is more stable and the transaction is nearly instant and then convert it to USDT or BTC or ETH.

[churros]

A beginner's guide to GDAX, in the vein of the coinbase guide by SamuelRoberts, would doubtless earn many rep points.

[SamuelBRoberts]

Gdax by definition isn't for beginners.

Why don't you want to use Coinbase?
I would be a little leery of doing escrow payments for someone. I'm not sure about the legality of that, tax-wise.

[Biz]

Gdax is amazing compared to the ridiculous coinbase fee's

[Beyond Borders]

(09-17-2017 01:54 PM)DavidHill Wrote:  

A question for those who have already invested in bitcoins. What profit can I get with bitcoins? I would like to hear good recommendations on how to do it. My mate advised me to read this article https://bitcoinbestbuy.com/ . It's written very well and has a lot of details, so I learned a lot of new things, but I want to hear the sum of money.

[S3K2]

Roosh probably doesn't want to use coinbase since it is highly govn't controlled.

Where to buy bitcoins? Theres a lot of ways but I personally use CEX.IO with a prepaid credit card. Verification is minimal. Spectro and/or kraken's not bad either. Local bitcoins is not a bad way to go however more and more sellers are requireing id now. This destroys any anonomity.

A better way to keep your bitcoins anon is to clean them.

How to clean bitcoins so Government cannot trace on blockchain.info

Bitcoins bought via host os (operating system)=>vpn=>vmware (guest os)=>vpn=>tor.

Next. You keep them in a mixer for a couple hours or a few days (the longer the better) I personally use http://bitmixer2whesjgj.onion/ (I send them to a 2nd mixer personally)
After so, send them to a 2nd bitcoin wallet you created via the opsec described earlier (I use etherum). Next, your going to want to use shapeshift.io (the android app/ios app) runs a bit faster than the url) your going to turn your btc into xmr or monero. Make a monero wallet here: https://moneroaddress.org/ its important the wallet is offline. Next, go back to an e-currency exchange and convert your xmr back to btc. This is 100% untraceble.

Sorry if I went off topic but was discussed above. Think Roosh has plenty of options to buy btc now.

[Independent1]

(09-19-2017 12:44 PM)S3K2 Wrote:  

Roosh probably doesn't want to use coinbase since it is highly govn't controlled.

Where to buy bitcoins? Theres a lot of ways but I personally use CEX.IO with a prepaid credit card. Verification is minimal. Spectro and/or kraken's not bad either. Local bitcoins is not a bad way to go however more and more sellers are requireing id now. This destroys any anonomity.

A better way to keep your bitcoins anon is to clean them.

How to clean bitcoins so Government cannot trace on blockchain.info

Bitcoins bought via host os (operating system)=>vpn=>vmware (guest os)=>vpn=>tor.

Next. You keep them in a mixer for a couple hours or a few days (the longer the better) I personally use http://bitmixer2whesjgj.onion/ (I send them to a 2nd mixer personally)
After so, send them to a 2nd bitcoin wallet you created via the opsec described earlier (I use etherum). Next, your going to want to use shapeshift.io (the android app/ios app) runs a bit faster than the url) your going to turn your btc into xmr or monero. Make a monero wallet here: https://moneroaddress.org/ its important the wallet is offline. Next, go back to an e-currency exchange and convert your xmr back to btc. This is 100% untraceble.

Sorry if I went off topic but was discussed above. Think Roosh has plenty of options to buy btc now.

Should I be worried that my BTC is traceable by the gov on blockchain.info?

[churros]

(09-15-2017 05:08 PM)SamuelBRoberts Wrote:  

Gdax by definition isn't for beginners.

Why don't you want to use Coinbase?
I would be a little leery of doing escrow payments for someone. I'm not sure about the legality of that, tax-wise.

What makes it so complicated? Are there particular risks involved that one wouldn't face on coinbase?

Why are people worried about being identified through coinbase? Taxes?

[Valentine]

LocalEthereum is now open for registration (by the way that's a referral link that gives both of us free credit, simply remove the rest of the URL if you don't want that).

It's basically a decentralised LocalBitcoins (smart contract-based) which also uses uses end-to-end encryption to keep all transactions private between you and the seller.

Quote:

Crypto in your browser

When users make an account, although they only enter a username and password, the password is never actually uploaded — it’s only used as the passphrase to unlock the securely generated 256-bit account key. To prevent brute-force attacks, the password is first “stretched” thoroughly using PBKDF2 to derive something much safer, and encrypted private keys are protected by two-factor authentication.

The cryptography behind localethereum’s messages is adapted from Open Whisper System’s Signal Protocol, which is a trusted open source standard endorsed by Edward Snowden and used by Whatsapp, Facebook and Google Allo.

Each trade is protected by end-to-end encryption using a shared secret key that never touches the Internet. The way this works is through an asynchronous key exchange protocol called Elliptic curve Diffie–Hellman (ECDH) which allows users to derive the same shared secret using one party’s private key and the other’s public key.

So that the secret keys are fully disposable (and so localethereum has perfect forward secrecy), the ECDH agreement uses one-time temporary keys called a pre-keys, that have been generated and signed in advance. For more on this, check out Open Whisper Systems’ “Forward Secrecy for Asynchronous Messages”.

In the case of a dispute, any party can volunteer the secret key to a trusted arbitrator, who’ll then be able to decrypt the past messages and work with both parties to make a fair decision. In ordinary trades, the secret key is erased — effectively erasing the message history forever.

All ether that is used on localethereum is stored in a wallet that is derived from the user’s offline private key. Trades are completely peer-to-peer and ether is sent directly from user to user. This means that no one (not even our staff) can touch your ether nor read your messages.

As the ethereum ecosystem matures, localethereum plans to move the remaining parts of the system into the decentralized web. Our entire website will be hosted on ethereum’s swarm to ensure zero downtime and perfect security. Arbitrators will be selected via a smart contract, which means anyone will be able to work for localethereum, making it an unstoppable decentralized autonomous organization.

[S3K2]

Quote:

Should I be worried that my BTC is traceable by the gov on blockchain.info?

Well that depends on wheather you care about your privacy and what your doing with your cryptocurrency. Do you want your government watching what you buy with your bitcoins? (Almost all major online stores now accept btc) are you buying shit off of the DNM? Are you a scam/fraud artist? Do you have an online bussiness which accepts btc? A VAT scammer (value added tax) recently got caught by having law enforcement (working with a security company) track the companies btc's. It's said if the duo hid there btc, they may have never been caught. I enjoy privacy myself, even if I have to buy it.

[YoungArt]

(09-19-2017 12:44 PM)S3K2 Wrote:  

Roosh probably doesn't want to use coinbase since it is highly govn't controlled.

Where to buy bitcoins? Theres a lot of ways but I personally use CEX.IO with a prepaid credit card. Verification is minimal. Spectro and/or kraken's not bad either. Local bitcoins is not a bad way to go however more and more sellers are requireing id now. This destroys any anonomity.

A better way to keep your bitcoins anon is to clean them.

How to clean bitcoins so Government cannot trace on blockchain.info

Bitcoins bought via host os (operating system)=>vpn=>vmware (guest os)=>vpn=>tor.

Next. You keep them in a mixer for a couple hours or a few days (the longer the better) I personally use http://bitmixer2whesjgj.onion/ (I send them to a 2nd mixer personally)
After so, send them to a 2nd bitcoin wallet you created via the opsec described earlier (I use etherum). Next, your going to want to use shapeshift.io (the android app/ios app) runs a bit faster than the url) your going to turn your btc into xmr or monero. Make a monero wallet here: https://moneroaddress.org/ its important the wallet is offline. Next, go back to an e-currency exchange and convert your xmr back to btc. This is 100% untraceble.

Sorry if I went off topic but was discussed above. Think Roosh has plenty of options to buy btc now.

Could you please make a detailed thread about this. I want to "clean" my btcs and stay 100% ananomous. Thank you!

[Vincent Chase]

(09-24-2017 02:09 PM)Valentine Wrote:  

LocalEthereum is now open for registration (by the way that's a referral link that gives both of us free credit, simply remove the rest of the URL if you don't want that).

It's basically a decentralised LocalBitcoins (smart contract-based) which also uses uses end-to-end encryption to keep all transactions private between you and the seller.

Quote:

Crypto in your browser

When users make an account, although they only enter a username and password, the password is never actually uploaded — it’s only used as the passphrase to unlock the securely generated 256-bit account key. To prevent brute-force attacks, the password is first “stretched” thoroughly using PBKDF2 to derive something much safer, and encrypted private keys are protected by two-factor authentication.

The cryptography behind localethereum’s messages is adapted from Open Whisper System’s Signal Protocol, which is a trusted open source standard endorsed by Edward Snowden and used by Whatsapp, Facebook and Google Allo.

Each trade is protected by end-to-end encryption using a shared secret key that never touches the Internet. The way this works is through an asynchronous key exchange protocol called Elliptic curve Diffie–Hellman (ECDH) which allows users to derive the same shared secret using one party’s private key and the other’s public key.

So that the secret keys are fully disposable (and so localethereum has perfect forward secrecy), the ECDH agreement uses one-time temporary keys called a pre-keys, that have been generated and signed in advance. For more on this, check out Open Whisper Systems’ “Forward Secrecy for Asynchronous Messages”.

In the case of a dispute, any party can volunteer the secret key to a trusted arbitrator, who’ll then be able to decrypt the past messages and work with both parties to make a fair decision. In ordinary trades, the secret key is erased — effectively erasing the message history forever.

All ether that is used on localethereum is stored in a wallet that is derived from the user’s offline private key. Trades are completely peer-to-peer and ether is sent directly from user to user. This means that no one (not even our staff) can touch your ether nor read your messages.

As the ethereum ecosystem matures, localethereum plans to move the remaining parts of the system into the decentralized web. Our entire website will be hosted on ethereum’s swarm to ensure zero downtime and perfect security. Arbitrators will be selected via a smart contract, which means anyone will be able to work for localethereum, making it an unstoppable decentralized autonomous organization.

LocalEthereum looks interesting.

Trading commences October 21st, 2017.

[JayJuanGee]

(09-15-2017 07:28 AM)Roosh Wrote:  

Now that the price is going down, I'll be looking to buy Bitcoin soon but I don't want to use Coinbase. I'm leaning towards the Local Bitcoins option. Any other easy option, preferably with cash?

Also, has anyone considered buying/selling from forum members? I know that requires a high amount of trust, but it's possible we can use some sort of escrow. I'm not sure of the legality of this method.

Sure there are various levels of experimentation with decentralized exchanges and escrow - and maybe even trial and error concerning whether one method or another is safe and achieves other objectives in terms of fees and privacy.

Besides local bitcoins there is paxful and there are various bitcoin meet ups as forms to create bitcoin direct trading relationships - and some forms of trading cause a greater paper trail than others, especially if they were to be done through the forum, and maybe why some guys are more comfortable with some of their interactions through slack.

Of course to me it seems a bit problematic to get involved in any forum sponsored escrow - however, surely anyone could informally serve as an escrow, too.. and sure as the person becomes more experienced could become a kind of "go to" escrow.

Gosh, whether it is in-person transactions or forum relationships or some other kinds of relationships that you have established, it seems that you may not know whether someone will fuck you over, until they have an opportunity. I had a few situations in local bitcoins, and don't get me wrong, it seems that the vast majority of folks through local bitcoins are legit - but sometimes when they have an opportunity to screw you over, then it becomes a question whether they are going to do the right thing - for example if the transaction does not go through... and who has the value? And do they do the right thing? Is there any accountability?

As you likely noticed, I continue to work out these matters for myself, too, even though I have been quite a while in bitcoin... so yeah, my preference is cash and in person... .. but if I know someone better, then of course I am going to be more flexible, especially if I know them IRL.. and I know where they live or some other details..... fees can be similar too, in terms of charging lower fees the longer you do business or the more that you know some of the personal details of the counterparty trader.

[Horus]

Any more suggestions on this? Coinbase doesn't support transactions from my country so I'm looking for a decent alternative.

[JayJuanGee]

(01-26-2018 03:48 PM)Horus Wrote:  

Any more suggestions on this? Coinbase doesn't support transactions from my country so I'm looking for a decent alternative.

I have never used paxful, but I hear that it is similar to localbitcoins, and both of those services are just a means for you to connect directly with people who are willing to sell bitcoins. You see the advertisement and their rate, and you decide if it is good for you. Accordingly, you would then get the bitcoins directly into you paxful account, or directly into some other wallet, if the seller is willing to send to another bitcoin address that you provide to them.

When I sell on local bitcoins, I tend to require first transactions to go through the terms of my local bitcoins advertisement and through the local bitcoins system, and if the person chooses to do further transactions with me in the future, then I give them my direct line so they can communicate with me, even though I will still use the rate that is in my local bitcoin advertisement for any subsequent transactions.

Anyhow, what I am saying is that the persons in paxful are just local people in your area, and you can choose with which one of them to meet and if their transaction terms are acceptable to you.

[JayJuanGee]

(08-31-2018 10:33 AM)nickguru Wrote:  

[spam]

I never suggested to buy/sell to forum members, and there may be reasons that guys would NOT want to do that - even though buying and selling directly and in cash is one of the safest and most private ways to go forward with BTC transactions and attempting to keep some privacy in your BTC holdings and practices..

Just depending on how you meet or screen the people with whom you would like to do business. People who I meet and do business with in the real world don't tend to know about my various online activities or my online profiles (unless they happen to know covertly because I tend to NOT share such information with people I know in the real world).

What I am trying to say is that if I am transacting BTC with strangers, then I have to go through some kind of screening process to screen out possible drama. If I just met someone, I might engage in smaller BTC transactions a few times before I might increase the amount of my transactions depending on how comfortable I am with the person not attempting to pull any shenanigans or otherwise engage in drama.

I have found that most of the drama might come from someone who might respond to a buy/sell advertisement that I have where they are trying to negotiate different terms, so those frequently those people get screened out, so by the time I actually meet someone, a vast majority of the time, they are pretty normal and there is no drama.

[joost]

Localbitcoins continue to be the best option around. I use "in-person cash" or bank deposit (just going to the bank and making a deposit without showing ID). It's perfectly legal if you're not dealing in large quantities. You could do it but I'm not advocating to break the law. It's quite dangerous in US since there's a bunch of LEO catching non-registered money transmitters.

Price is never as good as big exchanges but not having KYC and similar shit is a plus. I tend to pay a 3% premium for that convenience.

[JayJuanGee]

(11-25-2018 06:22 AM)joost Wrote:  

Localbitcoins continue to be the best option around. I use "in-person cash" or bank deposit (just going to the bank and making a deposit without showing ID). It's perfectly legal if you're not dealing in large quantities. You could do it but I'm not advocating to break the law. It's quite dangerous in US since there's a bunch of LEO catching non-registered money transmitters.

Price is never as good as big exchanges but not having KYC and similar shit is a plus. I tend to pay a 3% premium for that convenience.

Thanks for providing some personal experience input, joost.

What is LEO?

By the way premium will vary considerably by area (meaning the number of folks on Local Bitcoins and the more options, the more they will drop their prics to compete, but if there is not very much competition in an area, then you could spend 10% or so "premium", and also if the price is moving a lot the premium will be higher and sometimes folks will not be wiling to transact (they become unavailable).

[the_ox]

Roosh, any specific reason why you don't want to use Coinbase?

If it is because of the fees, I would say that there's a way to reduce a lot the cost.

You can bank transfer to it and purchase your coins using coinbase pro, you will save a lot on your purchases

[joost]

^^

LEO means Law Enforcement Officer

Interest thing is that you can see how the currency price should be valued. Brazil was +10%, India +20%, Angola 100%.

A friend of mine worked in Angola for a year in a Telecom. With his salary he could live like a king (apartment in best location, restaurants everyday, etc). But when he tried to buy US dollars, they gave him half the official rate since no banks had dollars. Something similar happened in Argentina few years ago.

[JayJuanGee]

(11-26-2018 06:05 AM)the_ox Wrote:  

Roosh, any specific reason why you don't want to use Coinbase?

If it is because of the fees, I would say that there's a way to reduce a lot the cost.

You can bank transfer to it and purchase your coins using coinbase pro, you will save a lot on your purchases

I agree with you that there are ways, with coinbase, to make transaction fees almost nothing, which is to buy through the trading platform rather than the bank like platform, but I think that people still get worried about coinbase's KYC/AML policies and their sometimes weird ways of locking (or freezing) accounts.

So, you do have to consider that low (or nearly no) fees comes with a certain cost, and might work o.k. with some coins, but maybe not will all coins that a guy, such as roosh, might want to acquire.