I have never got a single piconero from a KYCed source.
Discussion
Why the hell would you? Seems antithetical... But then there are those trader types trying to "dIvErSiFy"
One reason is so that you can immediately transfer it to a custodial wallet.
But then you're KYCed... So that's a non starter
...So? Is it supposed to be a secret that you own or use cryptocurrency? Do you think they can tell what you spend the currency on from a custodial wallet?
Secret and private aren't the same thing. If you've KYCed you've put your information in a honeypot...
Aren't honeypots supposed to like, catch people doing something sus? Seriously, if the only information at risk is the fact that you own cryptocurrency then what is the issue?
No.
Honeypot just means your information is centralized. So it attracts hackers.
It can also work in the way you mentioned.
Read the article I gave if you have questions.
Personally I don't want a hacker having access to my passport, photos, tax ID etc. Everything one is required to submit to be KYCed...
Not to mention the risk of people put on a list of people owning cryptocurrency. Both from hackers or the government. Ever heard of executive order 6102? Sooo many problems. And your questions indicate you probably didn't bother reading the article I linked
Lmao you have absolutely no clue what a honeypot is, but thank you for explaining what you meant.
I'm not sure which of my statements you were referring to when you said it could also work the way I mentioned, but you have a very poor understanding of Monero if you think that a KYC exchange could have any hope of tracking transactions made with a custodial wallet.
If you care half as much as I do about not handing over personal information over to financial institutions then maybe you can help me. Is there a way to own a bank account without handing over the exact same information that KYC crypto exchanges ask for? Is there a way of paying bills and utilities without having a bank account? Is there a way to live your life without paying bills and utilities?
I respect you too much to waste your time sending you fucking homework just to talk with me. The fact that you read and respond to what I write is enough for me; I don't need you to read some canned website written before I even heard your thoughts. And I expect you to continue treating me the same.
Why on earth would I waste my time rewriting what nostr:nprofile1qqs2vrneurk665gq6a2rke572y7mc8ppwr5wnd60mw8fwxharc8xsycpz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0vl44wp took days to write? I have a life and family.
There are no short cuts. Do your homework. I don't respect you because you have misrepresented my position and wasted my time.