Side question on your mentioning of using zaps from a non KYC wallet.. would you consider something like WoS which takes your email, or any sats earned on apps like sMile and thndr games (also takes email I believe) to be KYC?
Discussion
It’s a great question, without a great answer lol
WoS only requires your email to back it up, but there’s no reason you couldn’t spin up a side email (ideally at protonmail) to use just for that. And honestly I’m not sure how much info any of these apps learn by default when you download them from the App Store.
Ultimately, KYC isn’t all or nothing. In the most serious circumstance, it’s an entity having all of your identifying info and associating it with every Bitcoin purchase/transaction you make.
An email or a debit card number is identifiable, but doesn’t result in the same honeypot of hackable personal data.
I like the “separate side by side stacks” model. Two separate wallets, two separate sets of addresses. One is KYC’d and bought on an exchange, using spot purchases, easy DCA, and limit orders. Usually this is someone’s first stack.
Then a separate one, purchased privately peer to peer.
Tagging in #[4] whom I believe has some great resources on this topic, but I can’t find them at the moment
Email only is not KYC, but if your email is firstname(.)lastname@gmail.com then your certainly leaving some very obvious clues!
Lol yea that makes sense! Thank you I’ll def be doing some digging in
It’s a great question, without a great answer lol
WoS only requires your email to back it up, but there’s no reason you couldn’t spin up a side email (ideally at protonmail) to use just for that. And honestly I’m not sure how much info any of these apps learn by default when you download them from the App Store.
Ultimately, KYC isn’t all or nothing. In the most serious circumstance, it’s an entity having all of your identifying info and associating it with every Bitcoin purchase/transaction you make.
An email or a debit card number is identifiable, but doesn’t result in the same honeypot of hackable personal data.
I like the “separate side by side stacks” model. Two separate wallets, two separate sets of addresses. One is KYC’d and bought on an exchange, using spot purchases, easy DCA, and limit orders. Usually this is someone’s first stack.
Then a separate one, purchased privately peer to peer.
Tagging in #[4] whom I believe has some great resources on this topic, but I can’t find them at the moment
Wow thank you so much for all that! I’ll def give
Give them a follow* sorry hit the post button by accident lol
Any time! This is unsurprisingly one of my favorite topics lol
Lol hopefully it’s ok if I follow up with any other questions or insights