ROBOSATS - Buy and Sell Bitcoin With No ID

Robosats is a peer to peer platform allowing you to buy Bitcoin without any ID or KYC necessary. It uses lightning payments and the tor browser, and boasts a variety of different payment methods globally.
Robosats Tor Site
robosats6tkf3eva7x2voqso3a5wco...
Robosats Github Page
github.com/Reckless-Satoshi/r...
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www.torproject.org/download/
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[@theamateurinvestors178]

WORD OF WARNING FOR EVERYONE - When I first used RoboSats the copy and paste function for the Nym DID NOT work. Of course my Tor browser crashed after already providing my gift card for the sats. Luckily the person used the code and graciously released the sats. Developers said they need to still fix that. And recommended to manually copy the Nym. I don't know if it is fixed yet just giving everyone a warning.

[@NEEDcreations]

just bought some of my first no-kyc bitcoin on robosats today. Thanks for the help!

[@narwhaltacos2197]

I remember seeing the initial announcement for this on r/bitcoin, and checking it out, and seeing other people poke and prod it and come away thinking this might be really great. Then of course I totally forgot about it…so big kudos to you for jumping on this so early! This might be a major arrow in the sovereignty quiver!

[@hatersgotohell627]

Is this better than bisq? Is the liquidity higher

[@pascalblanchet9964]

WOW!! Just used it before even looking at your vid... Great experience!!!

[@BitcoinAndChess]

But what keeps someone from scamming you by spending their Amazon gift card before you get it? The KYC sats are cool, but I wonder about the security of the fiat being traded for it.

[@pascalblanchet9964]

@@BitcoinAndChess I used PayPal. With Amazon, I guess they have that covered, once you send the gift card, it's no longer yours.

[@pepelapiu2004]

I got some questions. I am a trader on p2p in Canada. Can I trade on Robotsats without having my own node? Because that is not an option for me. Also I was told you can only do smaller transactions on LN. What size transactions would that be?

[@ifh4030]

So who resolves disputes? Edit: Addressed at 23:43.

[@pierrevvr]

Nice video man ! I’ve not tried yet but definitely I’ll do. Got a question, is a mail needed in order to Amazon send directly the redeem code to the person or the redeem code is send to you and then you give it to the person ? If so what stop you to use the Amazon gift code after the deal ?

[@victortapia2606]

The person receiving the card has their Amazon account open in their browser, in order to introduce the code of the card. If it has not been used, the balance is immediately credited on their account, ready to be used in an Amazon purchase. They can then liberate whatever was being transacted with the card.

[@ikust007]

Splendide and thank you ! A recap on Bisk…?

[@ittanbantan]

Robotsats is here to protect and save you.

[@UA-js9fn]

Many thanks for your efforts and supports

[@royceroy2702]

How do I you get SATS without even having SATS?

[@channelbitcoin21M]

@BTC Sessions Ben, is using the “private window with TOR” option on Brave satisfactory? I’m unsure and I feel like you may know since you’re so experienced and technical. Response or not, I really appreciate everything you do for the bitcoin community. I refer a lot of people to your content as it’s high-quality, thorough and accessible. Keep it up!

[@mrt1364]

Hey, I have noticed you use bluewallet quite a lot, any advise on how can i empty a LN wallet completely(if it is possible)?

[@hankwest5662]

at 15 minutes in you say that you have to send a small amount of BTC to post the order. I am following this guiide to try and buy BTC as I have 0 BTC, This cant be right, if i have 0 BTC i cant buy BTC? seems a but of a catch 22.

[@sovoutlaw5931]

Nice vid Ben. Always a good quality production and top notch information. I'm curious on your thoughts for buying the amazon gift card via fold for the 5% back, then send that code since it can redeem if the currency matches up at least? Thanks

[@BitcoinAndChess]

I was thinking of doing the same thing.

[@amjpais]

Thank you. I did my first P2P test today and had difficulty receiving in a wallet that I only later realized I didn't have the liquidity to receive. I had to use a different LN wallet.

[@shuff1111]

Why did you just skip right over the "relative and explicit" option?

[@Chris-tz9ct]

First class 👍

[@BitcoinAndChess]

But wait, couldn't you "double-spend" that Amazon Gift Card payment before the transaction is complete? How is this safe?

[@kozie928]

You should record your screen the entire time, and instantly try redeeming the card you receive. If it fails, you do not accept the trade and open a dispute I assume, showing the screen recording. They could also ask you to record a your smartphone opening the app and showing you haven't redeemed anything. It'd be hard to fake this kind of evidence (but possible if someone was creative, especially with something like gift-card codes which are not linked to a specific account, in which case both parties could provide believable evidence), but I guess that's a reason to not buy/sell very high amounts on peer2peer exchanges, especially with payment methods like gift-cards that are not linked to a specific mail/phone number/bank account.

[@ImDreamingVideo]

I don't think this is really thought through. I mean how do I get anonymous Bitcoins to have some Sats to lock in my LN wallet?

[@cavb351]

Hello, can anyone help me? I have some sats blocked on robosats because I tried to transfer to escrow through muun wallet and it was unconfirmed since yesterday. Is it possible to get the sats back?

[@HODLGENG]

5% is cheaper than coin joining as of today!

[@MasterYodaaa]

Is there concern to purchase blacklisted bitcoins here? Worried if I moved them to a CEX in future that my funds could get locked. Thoughts?

[@kozie928]

It uses lightning, so you don't buy actual bitcoin. After buying SATS, you can use non-custodial submarine swaps like the Boltz exchange to swap your SATS for actual bitcoin, which should have a very very low chance of being blacklisted coins. If they are indeed blacklisted somewhere, you can swap them to lightning-sats and back to (other) bitcoin UTxOs for a very small fee as many times as you'd like.

[@EYESLAPJEWS]

@@kozie928 all that shit has gas fees keep it simple stupid

[@kanairo3315]

is robosats allowed in africa? kindly someone to respond

[@sabertoothwallaby2937]

Isn't blue wallet not secure?

[@TravisTrades]

Hey since you referred Ledn as a loan against your BTC, have you checked out zero on Sovryn? They just released early access to there 0% interest loans, no KYC, and self custody of the BTC your borrowing against👍🏼

[@fergus247]

Tyvm for this tutorial.

[@lularocha]

Excellent video thank you

[@XaYaZaZa]

Very cool! 🔥🔥🔥

[@sabertoothwallaby2937]

Why blue wallet?

[@Alumbrados-ut9ui]

Yes Ben! 🔥🔥🔥

[@StellarStoic]

n26 is just like Revolut. Both services are widely used in the EU. Amazon gift cards aren't really universal where I'm from :) Maybe Germany but the rest of EU, Amazon gift cards aren't really known. Amazon is mostly just exspensive Chinese stuff so we buy locally or directly from Aliexpress ;)

[@shuff1111]

What the heck is a nim?

[@alphaomegazulu8451]

Much appreciated!

[@n1mbusmusic606]

so if. e transfer then vpn with dedicated protonmail?

[@julian-gen]

What's the best lightning wallet in your opinion

[@brandonholm5812]

Blixt Wallet

[@julian-gen]

@@brandonholm5812 better than muun?

[@brandonholm5812]

@@julian-gen way better than Muun. Muun is shit imo, it’s not really a lightning wallet. All your funds are on chain with Muun and it just interacts with the lightning network via submarine swaps which makes it very expensive for fees over time. Also Muun is very expensive for others to send bitcoin too since Muun’s node “magnetron” charges insane fees to cover the cost of those submarine swaps. Because of this, Muun actually isn’t supported to buy bitcoin on RoboSats, you can only sell bitcoin from Muun. Blixt Wallet runs a full LND node on your phone and opens a lightning channel with the Blixt node or you can manually open channels to any node you want in the network. This is what I consider truly non-custodial lightning. You don’t need to rely on anyone else to use it. If the Blixt node goes down, simply open a channel to a different node, or even your own node.

[@BitcoinAndChess]

@@brandonholm5812 Sounds interesting, but is the UX just as easy as Muun or Blue?

[@hatersgotohell627]

How do you record these for taxes assuming ppl pay taxes doing this kind of stuff. What software can be used for decentralized transaction record keeping

[@brandonholm5812]

Excel

[@basslinejunkie2776]

you don't record NON KYC coins for taxes!

[@Anonymous-pt7el]

@@basslinejunkie2776 but still we are getting funds in our bank account right..?..so we would have to pay taxes on it... Secondly, in these types of peer to peer transaction, suppose one person is in USA having bank account in usd ..now how will this person transfer money to a person living in Australia who has his bank account in AUD...I mean firstly currency conversion charges will apply....and also bank might deny this transaction, bcoz for large amount transactions of outward remittance generally require you to visit the bank and then make the transaction...

[@mandatorymyocarditis]

Lol this is to avoid taxes! To avoid government extortion and theft

[@mandatorymyocarditis]

@@Anonymous-pt7el you don't HAVE to, the criminals in government just tell you you have to, screw them

[@UKBitcoinMaster]

Awesome!

[@uncoolhodler]

Agreed! 👍 This is very cool technology in it's infancy.

[@eagledctr7]

Thanks!

[@ikust007]

I think you lost your voice in Miami …?;)

[@thaidude]

5% premium is too much

[@noajenkins4239]

@btcsessions What is that block counter in the background? Looks interesting