Got a question, maybe someone can help.
Let’s say I buy BTC on a KYC exchange, then send it through LN to a LN wallet, and later back to L1. Does that make it anonymous or not really?
Thanks!
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111 sats \ 1 reply \ @Scoresby 27 Jun
- if you buy it on a kyc exchange, you can't get rid of that record, so that's there.
- if you withdraw from exchange to a lightning wallet, then send to a different lightning wallet, then swap back to on chain, I'd guess the exchange or anyone will have a very tough time tracing those coins. Maybe if the wallet you send them to only has a channel with a big LSP...AND if the people tracing you get a hold of the swap service's records, but even then, I think they'd have a hard time tracing it back to your initial withdraw from the exchange.
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33 sats \ 0 replies \ @0xbitcoiner OP 27 Jun
That’s what I thought. Not totally impossible, but it makes tracking way harder. Thanks!
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22 sats \ 0 replies \ @hasherstacker 29 Jun
As long as you kyc-tied your transactions, that don't make you anonymous.
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0 sats \ 0 replies \ @021f3af1a6 14h
I’ve been wondering the same! I’m still learning, but I’ve heard that using KYC exchanges means your identity is already linked to that BTC — even if you send it through Lightning.
I guess once it’s connected to your real name, it’s not truly anonymous anymore unless you use tools like non-KYC sources, coinjoins, or privacy wallets.
Curious what others more experienced think — especially about how much privacy Lightning actually gives you.
Thanks for asking this @0xbitcoiner — this helps beginners like me think deeper about Bitcoin privacy.
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