Fair point. Fiat tokens are sent through banking rails. But KYC isn’t required to purchase bitcoin – it’s only needed to transfer fiat to another person’s bank account. Therefore, it’s not directly connected to the bitcoin you’re buying. Your counterparty gets to know your identity though. Not ideal, but it's a huge improvement in comparison to exchanges (both virtual and local) or atms, as all of them require IDs.

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E's avatar
E 2 months ago
Yep, struggling to find out how to use USD to buy ANY TOKEN without KYC. All the Bisq, Robosats, etc. don't let send money from US Bank system. Strike, Coinbase, etc. all need IDs to connect a bank....killing me