RATE Group | Bitcoin Traders Are Finding Creative Ways to Avoid KYC
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Bitcoin Traders Are Finding Creative Ways to Avoid KYC

17 Nov Bitcoin Traders Are Finding Creative Ways to Avoid KYC

Posted at 00:55h in Bitcoin News by

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Bitcoin Traders Are Finding Creative Ways to Avoid KYC

Cryptocurrency traders on Bisq are using Revolut to buy and sell bitcoin without the need for KYC/AML. The decentralized, peer-to-peer marketplace allows anyone to buy or sell cryptocurrency via a range of payment processors and traditional banking services. With Localbitcoins now a twisted nightmare of KYC, privacy-conscious traders have few platforms to which they can turn. But in Bisq, they appear to have found a solution of sorts.

Also read: The Bank of Google Wants Your Spending Data

Trading Bitcoin Without the Awkward Questions

Unlike services such as Localbitcoins or buy.Bitcoin.com which work in-browser, Bisq requires users to first download the application before buying and selling crypto, with Windows, Mac and Linux systems all supported. A popular method of purchasing BTC on Bisq (formerly Bitsquare) is with Revolut, with many users opting for the virtual banking service on account of its speed and convenience. Although quick and easy at…

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