| > You can buy bitcoin with cash. Where can I buy 500,000€ worth of Bitcoin with cash? > You can work and get paid in bitcoin. That's usually not anonymous. > You can sell stuff for bitcoin. I don't own stuff worth 500,000€, except cash and stocks. > You can mine bitcoin. Not in a significant way, no. > If you want something, you will find a way. You ran out of arguments. My point still holds: Crypto isn't anonymous, because you can't easily get in and out of it anonymously. |
Practically, there are a ton of ways to turn 500,000 EUR into "anonymous" crypto, depending on what you mean by "anonymous".
You can use an exchange (KYC or non-KYC) that lets you trade USDT/XMR pairs. Wire 500,000 EUR and convert to USDT. Buy the full amount worth of XMR and send it to your own XMR hardware wallet. You now have anonymous XMR (assuming you trust their math).
You can do something similar with ZEC shielded transactions. Many KYC exchanges support ZEC (but without shielded transactions). You can get your ZEC this way and then shield it.
If you're interested in anonymous crypto, XMR or ZEC is probably what you'd want to have anyway instead of BTC.
Also, LTC recently adopted a new privacy-enabling feature. It's not functional yet as far as I know, but it did cause LTC to be delisted from several korean exchanges last week. This one is interesting because of the widespread adoption of litecoin before it added privacy features.
Or if you'd rather use the ETH ecosystem, you can use https://tornado.cash/. Buy your KYC'd ETH, send to tornado.cash, wait, withdraw a partial amount to a fresh anonymous ethereum address.
There are even privacy-oriented wallets like https://unstoppable.money/ that can use tor to further improve anonymity while doing wallet actions.
But let's say you really do want bitcoin only. Take your 500,000 EUR and wire it to a KYC exchange. Buy your bitcoin and send it to your wallet. Send that BTC into renVM pools, wait, send your renBTC to a new address, release renBTC back to BTC on the new address: https://bridge.renproject.io/.
In other words, your point does not hold at all. There are probably a dozen different ways to get anonymous crypto right now. In the near future, many common coins will have privacy features anyway, maybe even by default.
You have to think about what level of anonymity you want and what premium you're willing to pay, but there's a wide spectrum of options.
And if you think it's not easy enough yet, just wait. The math works, it's just not wrapped up into a convenient user experience yet.