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.

Reply to this note

Please Login to reply.

Discussion

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!