Bitcoin Forum

Due to all this demand boom, for many it turns out to be very bad regulations, since it is a way to know who is behind the big money operations, the KYC a problem for those who want to continue operating under anonymity, the solution Are the coins anonymous? The market will take the direction there in the future?

Anonymous coins don't change the fact that you need to do KYC at an exchange. Anonymous coins needs exchange where you can stay anonymous. The problem is that only a few still exists. And the volume of exchange is very low compare to big exchanges which requires KYC. And exchanging your anonymous coins to fiat make you no more anonymous. But it can protects the fact that nobody really know how much coins you are holding on your wallet. As you can't know how much hold a wallet on the blockchain.

It depends on the trader, if you are not withdrawing more than 2BTC per day, Binance will make you to use their exchange without KYC and some other few exchanges allow this. As for Privacy coins it will take time for them to gain tract the way they did in 2017, because for me most people still don't use them unlike BTC

this KYC that you are talking about here only concerns exchanges and when you buy any coin (including the anonymous coins) from an exchange you do NOT have any kind of anonymity! so whatever else you are trying to conclude here based on this anonymous thing is wrong since it doesn't make any difference to investors that are already submitting their documents on exchanges and are trading all the coins from bitcoin to anonymous coins and down to every single shitcoin in the same manner!

Complete anonymity is possible only if a person everywhere pays with only anonymous cryptocurrencies. The first change on the fiat will ruin all anonymity. IMHO all anonymous coins will be restricted in the nearest future. 

It depends upon how you make those transactions that you remain anonymous even with privacy based coins like monero or dark or Zcash and its variant coins which forked off from them, if you are going to purchase something you are doing so with the help of an exchange where you have submitted all your documents revealing your identity, these privacy coins will help to make transactions so that no one follows your steps on where you spent those coins.

yep,, and maybe a decentralized exchange is the answer to stay anonymous in our trading activity my friend
for now, a dex is not so popular if we compared with a centralized exchange,, but maybe in the future dex will be greater than centralized exchange

if you are used to doing transactions with bitcoin then I suggest you to use mixing service especially use chipsmixer, with mixing service your fund will be split to some part and will be send randomly. This thing will be confusing for some people who want to track your transaction and most likely they won't be able to track it. For another coins, you can use monero, zcash, komodo, Zcoin and dash to stay anonymous.

I think you're mistaking coins with tokens. Tokens and investing in ICO cease to be anonymous due to the requirement to pass the KYC verification. Coins and trade still remain anonymous - except you go through KYC to exchange, but you can always use the decentralized exchange and remain completely anonymous.

Except bitcoin all the project release the founder to last developer information. So there is no anonymity for the project itself. If you are looking for the project which can give anonymous factor to the investors, contributors and participants. There are plenty of decentralized projects available on the various projects.

You may check for decentralized without KYC for the better anonymity.

It's not the coins that does require KYC but the projects that allows you to invest and those exchanges. These businesses that are fully operational are conducting KYC for the compliance of their local regulations and law.

It's no longer decentralized if you will comply to those and it won't be called 'anonymous' anymore if there will be a coin that wants to take your privacy. That's why there are privacy coins made and that's the issue that they want to solve.

Anonymous coins have long been popular among those who do not want their transactions and transaction amounts tracked by someone, but recently government officials have often said that it is necessary to de-anonymize wallet users and refuse listing anonymous coins on large exchanges. I don’t know what this will lead to, but I continue to use anonymous coins, mostly Zcash.

Maybe you can use anonymous coins, but not to cash out on exchanges and trade with who want this kind of coins, you will be better without need to buy from exchanges and do kyc, but before you should find a seller and send him bitcoin or an altcoin.

So can you tell me about can we still remain anonymous by used anonymous coin if even that anon coin still pegged with the centralized exchange site? The solution is DEX and centralized exchange will always forced the users to do KYC.

Bitcoin is anonymous. You do not need send any kind of documents, photo or anything to create a wallet. The difference between Bitcoin and Monero is the ledger. Anyone is able to see the transaction made by a Bitcoin address, but in Monero you can not see.

But if you will buy any coin in a legal exchange, you will probably need verify your documents.

Anonymous coins serves only to make it harder to know what you are using your coins. Not to avoid kyc.

all crypto is anonymous
it's just that excange must follow regulations from the government for people registered in the exchange they must fill in the KYC.
but if you have crypto in your personal wallet. no one knows ready to deflect the wallet

how can you say that all crypto currencies are anonymous? please explain to me in more detail, I do not understand why you speak like that?

In my opinion, they can be private but not all cryptocurrencies are anonymous such as bitcoin becaue anyone can easily see the records of all of the transactions that have ever involved your btc address, KYC contrasts with anonymous coins because they are anonymous coins and have great privacy that focus on secure and anonymous transactions such as Mennero, Zcash, PIVX..ect, but large transaction volume is the only negative in the anonymous coins, But I think KYC is good so that criminals do not benefit from the anonymous coins system.

You're with what you said because all crypto currency are not anonymous and I believe Pamsugas definitely dont know the concept behind most crypto currency. Besides, the last time I checked bitcoin itself was not totally anonymous if you look deeply But I'm really surprise with Pamsugas statement though.

I would agree with Pamsugas here .
If crypto or Bitcoin is so easy to track or know who is behind every wallet then why Satoshi Nakamot is still unknown at the moment?
They would only know who you are if you would submit your info through KYC and only exchange and local wallet does that.
But if you are using a hard ware wallet then it is impossible that they would know who you are.
They could only have the transaction record but not your information.

The coins are not anonymous but time is going to come that all financial transactions will become anonymous.  The developers of most of the altcoins are faces we know and that makes us to find out about their personality but time is coming that we would have trust on blockchain technology that there might not be any need for kyc and others mode of verification.

Well, I haven't seen any coin carrying out any so called KYC process before because that will beat the reason why it was created since crypto was created to be anonymous, but what you should say is that some coin in the crypto market are not fully anonymous because it is possible to trace someones transaction via the blockchain but I think KYC is tired to the exchange and platforms that includes them and not the coin itself.

The KYC issue was also the reason all crypto are not anonymous because most crypto to fiat exchange usually ask their users for KYC and if ones wallet transaction well search  the owner will be. Have you ever wonder how the FBI caught the previous illegal crypto transaction user?
Nevertheless, there was a discussion on this forum that Satoshi can be find if Theymos release his PM is .

well, in my opinion why cryptocurrencies born is because of privacy
so, in the future a privacy or anonymous coins will growing with huge demands of course
regards

Anonymous coins can be used and remain anonymous, and for their purchases, you can use OTC exchanges or purchase money from private individuals, there are quite a lot of such services, I have been using some of them for a long time, without passing KYC. In the near future, the fight against anonymous coins can be activated, so it is not entirely clear what will happen in the future.

This is a possibility. The idealistic ones will probably move to the anonymous cryptocurrencies.  Many cryptocurrencies could end up implementing strong anonymity.  But people will have to  work anonymously on decentralized platforms to earn  anonymous cryptocurrencies  and avoid being detected

Bitcoin a known anonymous coin before but after few years of its existence.

Then don't comply to KYC if you don't trust the exchange and just focused with your local exchange where you can physically visit their office. And if ever a problem caught on with your KYC, you can complain to them directly.

It's a difficult situation. More and more ICOs and exchanges want KYC now, which makes anonymous coins more valuable in theory, but the problem is that there are fewer and fewer places to exchange them anonymously. I think they will always be around and always serve a purpose, but there is a big effort underway to remove anonymity, it's just an inevitable condition of mass adoption.

Kyc has nothing to do with anonymous coins . kyc exposes your identity if ever the exchange or the ico that you join will require it but anonymous coins are untraceable after you make a transaction  .


After a few year of existence it lost its anonimity ?  No meyt  . bitcoin is still anonymous but its only partial  . anonymous because you dont need to put your name other important details before you can make a transaction  , un-anonymous side of bitcoin is when someone traces you by searching your bitcoin address .  they have the ability to see your bitcoin balances  .

yes, use anonymous coins to keep our privacy safe is the best idea,
and basicly cryptocurrency created by anonymous guy called satoshi nakamoto is because of privacy
so, anonymous coins is the answer is we want to stay anonymous  ;)

There are some centralised cryptocurrencies who does not asking for KYC verification. If you love to use the anonymous mind always there in the marketplace. Paris Bitcoin and ethereum which is heating top in the price as well as in the enormous factor.

Coins with opaque ledger are just coins. No need to call them anonymous coins. As Aristotle definition from 300 BC money have to be fungible. So they are just crypto urrencies. Coins with transparent ledger liek Bitcoin are transparent ledger cryptocurrencies.

The government is imposing the KYC on the exchange, you can enjoy using anonymous coin if you don't buy and sell it in an exchange as regulators can surely trace the origins given the history is available to them when the exchange is fully compliant. Exchange value their clients but they value their business more and they cannot afford to violate a mandate from the regulator that would risk their business future. 

You seems to dont understand what opaque ledger provide you.  When you buy opaque ledger coin and withdraw it to you wallet no one knows how much coins there is on that wallet or where they will go. No one even know if they are still there or not. Well no one beside you.  So it does not matter if you KYC on exchange ( well it matters if you are afraid that exchange will abuse your KYC info).  

But in general KYC matters for those that uses transparent ledger cryptocurrencies. Since their KYC identity gets linked to those coins that they withdraw from that exchange. And then everyone can see where those coins went. Forever. Even 20 years in future. Lets say you donate those coins to some political party that will be forbidden 20 years form now.  You are toasted then!

Anonymous because we do not know who controls demand and controls prices.
we don't even know who traded the coin in exchange.

KYC refers mostly to ICOs. It can also be considered as a tool for translating user data into the commercial field. The most common uses for identification information are:
- Resale listings.
- Use data to track users.

As a result, leaving your data once, the user may face the problem of spam. In the attempt to squeeze maximum funds from their project and its gullible investors, the rigid ICOs do not miss the opportunity to monetize absolutely all the information. Thus, it becomes a threat and no anonymity here is observed.

I know only few promising privacy coins

Securypto
uPlexa (upx)

Invest in this coins and you rich

Love Anonymous coins...  ;D

Financial Privacy At Stake..!

https://giphy.com/gifs/KbRwsuC6d3BvJgeg7B

Ability not only to hide your funds but the ability to gain interest on hidden capital should be interesting in coming years


On POS so far only one project has done that - Spectrecoin

Watch this project grow in publicity in coming months

Concerning anonymous cryptocurrencies, many representatives of government bodies express their opinions and all of them believe that owners of anonymous cryptocurrencies should be deanonymized. Obviously, banks and governments do not like the anonymity of payments, because as a result, it is impossible to monitor the movement of funds and to tax. I don’t know how this whole story will end, but one can say for sure that governments will not be allowed to freely legalize anonymous cryptocurrencies without full or partial de-anonymization.

Demand and organic goals of users will create decentralized and anonymous coins to meet those needs. Quite well, in this blockchain industry, newness brings a higher user base. According to me, the direction of the market seems to support concentration but the values ​​of anonymity will still grow and become more and more special.

Yes, it is unlikely that anonymous coins will ever be legitimized. It will be an eternal struggle for control and the desire for freedom (or secrecy).
Therefore, I think that these coins have a future. Sometimes anomcoins will be underground, sometimes at the top of the hype, but they will always be.

Whilst Monero is king, I honestly believe Spectrecoin (XSPEC) has the best tech for true anonymity and would highly recommend you DYOR on it

Of Course, Monero is King of the Privacy coin. I agree with you I choose Spectrecoin The team behind Spectrecoin is now transparent allowing for increased accountability, and increased potential to meet exchange requirements. Release of Proof-of-Anonymous-Stealth (PoAS) algorithm that allows you to stake your private balance. A first for a Trustless Proof-of-Stake coin. Say goodbye to the richlist!

I only know the anynomous coin in cryptocurrencies is Monero. But if I take the reason you bring, I doubt it is true,  the price monero still low and its movement price still same with the other altcoins. I'm sad when most people still have an argument that cryptocurrencis is promising place for money loundering. That view point can make most people doubt to use cryptocurrencies even they will wonted to make a negative statement about cryptocurrencies. It will be good if we as a user of cryptocurrencies give an understanding about it comparing we make a discussion about the negative thing about it.

My point is, if you sell a privacy coin in an exchange, the exchange will know how many and what coins you are selling, and if you are in question for whatever suspicious illegal activities you are doing, your transaction history can be provided to the regulator so they can conduct an investigation.

Of course investigators are smart, though they cannot track the transaction of the privacy coin, but if you cannot justify that transaction that might put your in danger.

Has anyone taken a look at Spectre? It's privacy/anonymous but based on PoS

There are still decentralized exchanges that exist. But centralized exchanges are more faster when it comes to transactions and they have to follow regulations in order to avoid the illegal transactions to be happening. That is why there times that if you try to cash out a high value, you need to pass kyc.

The government will try to make anonymous coins are marginal. At the moment there is the possibility of sharing without disclosing and I think in the future this opportunity will continue.A promising project, to be observed.

If you are suspected of illegal activity no matter what coin you will sell on an exchange you will be checked as a part of a investigation. Bitcoin or Monero no difference.  I really dont see any problem there.  Value of opaque ledger cryptcurencies is that transactions cant be linked and no one can spy on you what you are buying or how much wealth are you holding or where is that wealth coming from. You are giving them just fungible coins. Like on exchange you mention. That exchange knowledge is limited to only the amount of coins you deposited and nothing else. In case of Bitcoin they can see everything, like some sort of mini gods.  That does sounds scary does it not. Specially if you change that exchange with a some bar waiter on an exotic island.

But we can figure it out how this centralized exchange manipulated the price instead of setting into the market demand freely. That is the reason why the most trader will use decentralize exchange for the seek that they could see a high price.

They can't just do that just because they were centralized exchanges while most exchanges today are asking for KYC verification but that doesn't mean that they can change the value of any cryptocurrency on their terms just because they like it. It doesn't work that way if they want to stay in the competition they should stick to the given rules.

If anyone wants to have hidden their financial identity, privacy coin are the best to go with. For your info, the term anonymous and privacy coin are different. Bitcoin itself is a anonymous coin but not a privacy coin. Privacy coins are those which can hide your amount, your address, your ip etc. like as Monero, DeepOnion and more.

Government has to always set an example for its citizen, and should be able to have certain control of their operations within the country, which is what will keep most of the citizens under control physically and financially.

The concept of cryptocurrency is very perfect, especially that aspect where you can send money anywhere without any interference or third party which is never an issue to the government, but one major issue that makes them always kick against the cryptocurrency is that part of anonymity which they believe that it could make some of these countries citizens who behaves lawless even in a lawful country to get out of hand with their financial deal, and such countries that cannot entrust the system of cryptocurrency on their citizens are the ones having issues with cryptocurrency in their country.