Followed 🤙

So what are the advantages of KYC free btc?

Reply to this note

Please Login to reply.

Discussion

Just like cash, I can't know that you have it and how much. If you buy it off an exchange, your on-chain adresses it tied to your name forever.

But isn’t it very hard to keep it non kyc? I mean you have to put it in an extra wallet, haven’t you? And never send Satoshis from your kyc wallet to that pr vice versa?

yeah, you have to keep it organized. Depending on your privacy needs, that option can be worthwhile.

Hmm … i really consider to try this. So this non KYC coins would also not be taxable? 👀

speak with your tax advisor 😉

😅🤙

As soon as they’re deposited in a wallet with KYC, they’re traceable and they become “dirty” but if you keep them separate, no way to trace or prove tax liability