It looks like liquid network requires you to "peg-out" to a verified KYC address? Am I understanding this correctly? #asknostr
Discussion
Well that would be concerning. What are you using for a peg out?
Im not using liquid, im simply researching it to understand. If this isn't the case or if they have a backdoor to this 'rule', id like to know.
Are you using Blockstream green wallet?
I downloaded it to test, but its definitely not a wallet i use. Green wallet failed the walletscrutiny binary test.
I should have asked, what wallet or service are you using that is requiring KYC to swap between Bitcoin and liquid?
In other words, who’s asking you to doxx yourself? Lol
I’m pretty positive that KYC is not a requirement to use liquid. But I wouldn’t be at all surprised if certain exchanges require it…
I just read your river link too. I would assume “verified address” means an address you specified or authorized when you swapped in to Liquid. Some way to indicate that the peg-out is going where you intended… But tbh I’m not sure.
One person on this note thread pointed out that the app sideswap allows you to do this nonkyc, which if thats the case, seems like an increasingly better option honestly. The app is open source as well, and while it doesnt qualify as a wallet, seems to be a viable way to hide what youre doing. Gotta research into it more.
No it does . You can use side swap to handle the peg in/peg out.
No it " doesn't "
Its possible to be nonKYC using side swap? With the added privacy of liquid, could it be a viable option to take kyc in and hide whats coming out? Sorry for the questions, youre the first person i found who knows about it.
My guess is that “verified” (river article) and “kyc” (sharing your SSN, your ID, and your firstborn child) are different things in this context
It depends on how you get the funds into liquid in the first place. If the funds to liquid was achieved through a swap service like boltzhq, then that helps because you can then use side swap to peg out from liquid to a fresh BTC address.
If the funds to liquid was achieved through a withdrawal from the exchange, liquid CT could still help but I can't say much on that.
No