KYC bitcoin is a big piece of information that can be used to keep track of your money. As a Bitcoin maximalist, you should not do KYC because it goes against everything you believe in. It’s common for people who use bitcoin to not know any different.
As soon as you send bitcoin from one address to another, the bitcoin public blockchain shows it. It’s a good idea to look at a bitcoin block explorer, like mempool.space. There, you can enter bitcoin wallet addresses and see their transaction history. It also helps to go through KYC with an exchange, which lets the exchange keep track of transactions.
In this case, they can link the transaction to your ID number and location. They can also know the amount of bitcoin that was bought and how much was sent to a different wallet address. In the past, many people thought this was not a big deal. I think it’s important for both new and long-time bitcoin users to know what information KYC exchanges are getting.
Percentage of Bitcoin Should Be No-KYC
Neither 50/50 nor 60/40 are the best ways to divide a project into equal parts. This all comes back to what you need and how you use bitcoin in your daily life. KYC bitcoin is yours to decide whether you want to keep it or sell it and buy non-KYC bitcoin.
It’s not a good idea to try to hide or hide bitcoin that has already been KYC’d. If you want to buy non-KYC bitcoin, the best thing to do would be to sell any KYC bitcoin and then use tools like the ones below to try and keep your privacy as safe as possible.
Another tool I use to regain my anonymity is raspiblitz, a bitcoin and lightning node that allows money transfer. You can make this at home with a Raspberry Pi. I use Coinjoin with it. Use Joinmarket with it.
You can send coinjoined transactions to several addresses and not utilize the same address twice. Make a new wallet with plenty of addresses using electrum. This reduces my deterministic utxo history, which many chain-analysis companies employ to monitor bitcoin payments.
By using the two tools mentioned, I can make new and delete old wallets as needed while still being able to send bitcoin to where I want. Now, this isn’t going to work every time. Basically, all the work I did can be undone if I go back to my exchange and deposit bitcoin again because I want money in my bank account.
When you reuse a bitcoin address, it’s the fastest way to connect all the places where you want to send money. It doesn’t matter if you use joinmarket and electrum or not. Your goal is to keep your post-coinjoined KYC bitcoin away from addresses and places where you have to show your ID again. Do not break apart your towers.
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