What are the security implications of paying for bitcoin on robosats via strike in usd?
Discussion
I've done it, and i think there's not much of an issue with security, since all you're doing is sending a payment to an individual, but no one would know what its for. But i'm no privacy expert.
It's like using the other fiat rails. There is still a risk. Your trade partner learns your name but the bank doesn't explicitly know you bought Bitcoin in the transaction.
Eh. Strike knows you bought something but had no way to tell that you bought bitcoin for yourself. Maybe you paid me for a good or service?
And even if they assume that you bought bitcoin, they have no way of directly identifying your UTXO.
You're decreasing the plausible deniability of a transaction and paying a fee to do so.
Feds can be on the other side of the trade.
If you just send to your own wallet fresh address via the cash side of your Strike app, you have more plausible deniability IMO.