#ASKNOSTR #asknostr
I'ma newbie to Bitcoin
I personally use a lot of web proxies
Would you say buying usdt on an kyc exchange
And using an non kyc exchange
To swap that usdt to BTC
What's your take on a strategy like that?
Discussion
Depends. How much do you truly care about privacy?
Buying USDT on a KYC exchange means your identity is linked to that purchase. Even if you swap it later on a non-KYC exchange, the original purchase still traces back to you.
Also, USDT is a centralized stablecoin, meaning Tether can freeze addresses if pressured.
If you care about privacy, you’ll pay a premium, but you can buy on various places (depending on location). Alternatively you can use BTC ATMs.
Thanks 🙏