Watch the video presentation https://youtu.be/Y3QM9EHd3pU Let's take a look at existing options for purchasing Bitcoin at the moment. Which of them are private and secure, which of them are cheaper. - Reasons for purchasing (Shopping, Remittances, Investing, Trading) - Define your risk profile - Before Purchasing (Setup a Wallet and Backups) - Purchasing <$1,000 of BTC (Giftcards, ATMs, LocalBitcoin, HodlHodl, Bisq) - Purchasing $1,000-$100,000 of BTC (Exchanges, OTC) - Purchasing >$100K of BTC (OTC)

1. HOW TO
BUY
BITCOIN

2. Reasons For Buying Bitcoin
● Shopping
● Remittances
● Trading
● Investment

3. Shopping With Bitcoin
● Black markets
● Industries not served by banking or credit cards:
○ Parapharmaceuticals
○ Medicine not available in your country
○ Marijuana
○ Vaping
○ Adult entertainment
● Privacy tools:
○ Hosting (Edward Snowden)
○ VPN
Can’t pay with fiat (bitcoin pizza guy). Due to volatility buy and spend
ASAP. Privacy is also important.
Solution: ATM, OTC, P2P, Giftcards

4. Remittances
● $200 average transaction
● 11% fee for $200 transaction (Statcan)
● Bitcoin won’t be cheaper (ATM >5%, Cash out)
● Privacy: most likely not important.
Sanctioned countries (Iran), or faulty financial systems (Venezuela, Africa)
Solution: ATM, OTC, P2P, Centralized Exchanges

5. Trading
● No privacy
● Bank transfer. KYC.
● Lowest fees
● Deposit fees
● Trading fees
● Withdrawal fees
Fiat to crypto trading on exchanges = gambling

6. Investing Long-Term
● Long-term storage
● Need to preserve privacy
● Multisig with Hardware Wallets
● Own node
Solution: OTC

7. Comparison
Method Cost Privacy Limits Speed
Giftcards 6-7% Yes $250/day Few minutes
ATMs 5-20% Yes, for now $1000/tx Few minutes
Centralized
Exchanges
1-2% No Limited by KYC
and Liquidity
($100K)
Days or Weeks for
KYC and Bank
transfer
Decentralized
Exchanges
1-5% Yes $1000 Hours to Days
OTC 2-5% Possible No limits Hours to Days

8. Get a Mobile Wallet
● Tor
● Coinjoins
● UTXO Lables
● Txs fees
● Works with your own node+Dojo server
● Back up your SEED phrase
Samourai - privacy oriented mobile Bitcoin wallet

9. Bitcoin ATM
● Find best rate online (coinatmradar.com)
● Select Receive in Your Wallet (QR-code)
● Let ATM scan the QR
● Feed in cash
● Receive Bitcoin

10. Centralized Exchanges
● Register new email
● Register new account
● 2FA (Backup secret)
● AML/KYC
● Bank transfer (Wire)
● Withdraw to Wasabi for Anonymizing
● Move to Hardware Wallet

11. Over-The-Counter
● Find an OTC location
● Lock price
● Bring cash
● Select Receive in Wallet (QR-code)
● Wait for at least 1 confirmation
● Don’t mix your anonymous coins
● Larger amounts at OTC Desks

12. Gift Cards - Rise Wallet
● Buy Gift Card
● Download Rise wallet
● Backup SEED Phrase
● Scan Gift Card
● Receive Bitcoin

13. Decentralized Exchange - Bisq
● Fully decentralized
(no servers)
● Trade with fiat
(Need BTC collateral)
● Offer book (Craigslist)
● Private
(except fiat transfer)
● Low liquidity

14. P2P Exchange - HodlHodl
● Non-custodial
(multisig)
● Trade with fiat
● Lightning
● Offer book (Craigslist)
● Private
(except fiat transfer)
● Low liquidity

15. P2P Exchange - LocalBitcoins
● Custodial
● KYC for Sellers
● Trade with fiat
● Offer book
(Craigslist)
● Not so private
● Better liquidity

16. Tips
● Backup your seed phrase
● Never Keep Coins on Exchanges
● Protect your addresses
● Learn about security
● Denis Serebryakov
twitter.com/ThatCryptoTO