Acquiring non-KYC bitcoin can be a laborious task; you have to check up on various platforms, review the order book, and filter by the payment method they accept and the size of the orders available. It’s time-consuming, and liquidity isn’t always available to perform specific orders.
It’s part of the many reasons why people avoid using P2P exchanges and are willing to dox themselves on centralised service providers. It’s far easier to buy bitcoin at market price and know that there is liquidity to settle your order and pay the fees to the service provider.
That’s not to say that P2P markets are always expensive. Sometimes people want to move on bitcoin and are willing to take a haircut to do it, so opportunists and privacy bitcoiners tend to hang out on these platforms to try and pick up these bitcoin discounts.
If you want to check up on P2P market order books, but you don’t have the time or patience to scroll through the offers, then you don’t have to; thanks thankfully, some plebs. These helpful shadowy super coders have come up with scripts that pull in offers from P2P networks like Bisq, HodlHold and Robosats.
You can use these scripts to create your own dashboard or use existing tools like Telegram.
In fact, a Telegram bot that leverages these scripts was recently launched, which supports queries on three P2P bitcoin exchanges.
How the Telegram bot works
Once you boot up the bot and start the chat, you’ll be prompted with several requests to try and filter the data feeds to give you the offers you’re interested in looking at from the various exchanges.
What do you want to do?
- I want to buy BTC
- I want to sell BTC
What exchanges do you want to use?
In which currency do you want to pay or get paid?
Which premium are you willing to accept over or under the market price?
- Show all
Which format do you want the results to be displayed in?
- Plain text
Once you’ve made your selection, the bot will take some time before responding with the data based on the parameters you included earlier. It’s as simple as that; you can now use your Telegram to quickly check up on the liquidity on various exchanges and pick up satoshis at the best price without having to put your privacy at risk.
How the nokyc bot came about
The Bisq network script had been out for a while before Twitter @j4imefoo decided to give it a tweak, allowing it to pull in the feeds of both HodlHodl and Robosats, fellow P2P markets. What also makes this script helpful is that you’re leveraging P2P networks that have offers from different layers, such as the base chain, Liquid Network and the Lightning Network.
Once the script was pushed out on Twitter it didn’t take too long before another Twitter user @fgbernal, took it to a new level and created a telegram bot with it.
Get the app
There you have it; now, you can leverage non-KYC exchanges and get access to instant data via your Telegram to start acquiring bitcoin without having to hand over your identification or tie yourself to a specific service provider.
Sure, you’ll have to pay a premium for this additional privacy when compared to centralised exchanges, but for those who want to build a non-KYC stack, it’s worth the cost.
If you’d like to learn more about the app or give it a try, check out the links below.
Are you a bitcoin privacy bro?
Are you using non-KYC bitcoin exchanges? Which app is your favourite? Do you have one you’d like us to cover? Let us know in the comments down below.