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Replying to Avatar Diyana

Sweet thank you for explaining. At this point I am getting familiar with the kyc being custodial and non kyc non custodial wallet kind of situation. I am slow in remembering what the abbreviation translates to.

The utxo is new term to get used to.

So quickie question though...

I'm assuming once someone has moved their transactions from kyc to non kyc wallet they are trackable by gov agencies. And even if they open a new kyc wallet and move everything again from their first non kyc they are still trackable potentially? Or in theory it doesn't have to mean you are transferring your money back to yourself. It could be you sent them to someone else who is unidentifiable?

What's the best way to get off the records?

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BTC_P2P 1y ago

Custodial = means you do not hold the keys to the funds and they aren’t really yours. Wallet of Satoshi is custodial.

Self-custodial = you hold the keys and have sole control of the balance.

KYC means you bought the Bitcoin and it’s tied to your identity. You can deposit that Bitcoin is a custodial wallet or self-custody it the same. It’s just that KYC transactions can be tied to your identity.

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