There seems to be a fixation on obtaining non KYC Sats, for good reasons. Is there such a thing as KYC Monero? I think there isn’t because the protocol is naturally resistant to such aims. Monero is better currency, Bitcoin is a better security, just pay your capital gains tax like everyone else. At the end of the day CG taxes are orders of magnitude better than taxation as a wage slave. #bitcoin #monero #endthefed
Discussion
You cannot buy Monero on any exchange
False. I bought on Kraken last month.
News to me. That is awesome!!😎
Per your original question, I guess I would say the Monero IOU is KYC while my claim remains on the centralized exchange. But I think KYC is broken immediately upon withdrawal.
Withdrawing doesn't break KYC (the record tying your identity to a Monero purchase - how much and when) it only helps with what you do with it after (forward privacy). Similar to withdrawing cash from an ATM, the bank knows who withdrew, how much, and when, but not what you did with the cash after.
The best thing you can do to "erase" your KYC record is sell it back to the same exchange (and rebuy your Monero elsewhere without KYC like Bisq or LocalMonero) so it looks like you have none left and maybe lost interest.