I still have a somewhat substantial amount of Bitcoin in a cold wallet that was paid in KYC's EUR shitcoins. What's the best approach to clean that up without much worry?
#askstr
Discussion
coinjoin through wasabi wallet
Wasabi probably
Or swaps on robosats
Or Swaps with Monero
Or maybe all 3
Nothing will be perfect but should break the link for forward privacy.
Or if your a maxi just use lightning it has better privacy then all of them /s 😬
Depending on the way your taxes are applied. Either keep it, if you have a high risk of getting taxed on the point of sale/swap or don't delay it.
If the purchase is old enough they may not have bank records. How long back is the legal requirements for holding transaction logs in your country etc.
I would preferably swap them into monero in batches and then transfer them to a new clean Monero wallet. After that you can swap them out again to an anon bitcoin wallet or keep them in monero. But, it depends on your situation, make a test before the year ends and see what happens.
1. Conjoin on sparrow
2. You will receive utxo’s in chucks of 100k, 1M, 10M… whatever you select
3. Send each utxo out to another cold wallet in separate tx’s to a new address in your new cold wallet each time.
Thanks for all the helpful responses, friends!