If no ID collection is performed, then the transaction is KYC-free.
Take care if you sell to a peer from your KYC stack. You could be accumulating a bitcoin denominated tax liability depending on your jurisdiction.
If no ID collection is performed, then the transaction is KYC-free.
Take care if you sell to a peer from your KYC stack. You could be accumulating a bitcoin denominated tax liability depending on your jurisdiction.
If you are relying on KYC'd custodial Lightning then your zaps are less free.
What’s the best wallet for lightning?
I'm not a Lightning expert. Everything will have trade offs.
Wallet of Satoshi
Pos: Best UI/UX and as of yet no KYC
Neg: custodial (no privacy from custodians) and pulled from US App Stores
Phoenix
Pos: Pretty good UI/UX, no KYC, self-custody, can use own Electrum server, can use Tor, Splicing
Neg: expensive (min 0.4%), pulled from US App Stores, limited privacy from LSP
Zeus with Olympus
Pos: good ui/ux, no KYC, self-custody
Neg: limited privacy from LSP
Zeus with Own Node
Pos: absolute sovereignty
Neg: managing your own lightning node and channels
I have a feeling the words “Pulled from US App Stores” could become a common theme for self-sovereign Bitcoiners. We need decentralized mobile devices with decentralized App Store!