@anon
sign up
@anon
sign up
29 sats
\
1 reply
\
@DarthCoin
9 Apr 2023
\
on: Privacy regarding LN withdrawals on CEX
bitcoin
The only bad aspect I see about CEX is that you have to do that shit KYC, no matter how you withdraw.
KYC is bad not because of the gov/ taxman, but because your data is in 3rd parties several hands and you don't know where will end up.
If you never sell back your BTC for fiat on those CEX, there's nothing to worry about gov / taxman. FUCK THEM.
I explained more details and aspects in several of my guides:
https://darthcoin.substack.com/p/lightning-cleaning-machine
https://darthcoin.substack.com/p/bitcoin-and-privacy
https://darthcoin.substack.com/p/operating-with-ln-as-a-merchant
https://darthcoin.substack.com/p/lightning-network-submarine-swaps
https://darthcoin.substack.com/p/private-lightning-nodes
P2P exchanges are good for example when you want to:
not giving away your KYC data
want somebody else to pay your fiat bills and you pay them BTC
write
preview
reply
100 sats
1 sat
hot
recent
top
1 sat
\
0 replies
\
@ek
OP
10 Apr 2023
If I already KYC'ed at a service, does it matter if I continue using it?
reply
If you never sell back your BTC for fiat on those CEX, there's nothing to worry about gov / taxman. FUCK THEM.