Receiving bitcoin donations through my website

[Belarge]

When the bitcoin is donated you will understand yourself if the exchange is kyc or not then you will be asked to kyc. As far as I understand both wallets you can use all wallets for donation are same capacity or don't want to mix kyc and non-kyc coins so using separate wallets for kyc and non-kyc donation can keep donation in different ways.

KYC is very important and it's meant to be passed by people that indulges in crypto activities, this is because there's presence of bots. Bitcoin donation is privatized by those investors and holders, but there should be frequent record of every bitcoin transaction coming in and fro. Bitcoin should be stored in custodial wallets for there safety and ensure to keep the 12 phrase discreet. In crypto, we don't expose ourselves to the society, rather we keep them at distant and also executing more projects to ensure there's probably smooth.

[PX-Z]

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Does this really matter? When you are just the receiving point? What's your concern about this aside from getting mix from KYC or not.

As long it's not from hacked platforms, malicious actors, or any kind of criminals, you're good.

[Assface16678]

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Does this really matter? When you are just the receiving point? What's your concern about this aside from getting mix from KYC or not.

As long it's not from hacked platforms, malicious actors, or any kind of criminals, you're good.

True, I don't think there is a factor about that. I mean, is there a case when a coin will not be able to be used just because it came from a non-KYC exchange? I mean, for sure, there are no exchanges that will allow a user to send from an exchange to a different exchange platform because KYC is mandatory right now in all exchanges, even on different platforms, so I think you are good to go. You can use those coins that have been given to you through donations; you don't need to stress yourself out. KYC is very important and mandatory right now, so those who don't comply cannot send any assets or currencies to different platforms. I once tried it, and I can't send anything to another platform. Of course, you cannot risk putting your asset in a non-KYC-verified account because it can be locked up, so it's better to comply.

[mirakal]

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Does this really matter? When you are just the receiving point? What's your concern about this aside from getting mix from KYC or not.

As long it's not from hacked platforms, malicious actors, or any kind of criminals, you're good.

Well said mate. I don’t think it’s still a must to detect whether the donation is from KYC or non-KYC exchange. After all, whatever it is, the edge is all yours. Whether it’s from a scam or not, the fact that those coins are already inside your wallet, then it’s all yours. Except if you are hesitant to accept it because of your issue, then definitely that will be your loss.

[dezoel]

I think you still don't know the answer because if you do, then you won't be here with this thread. And those amount of sats you listed there are not cheap anymore since BTC values have shot up already. To answer your question, I think a huge company such as CEX/KYC-based exchange will always have a special indication on their wallet addresses.

I already read your reason about this and I'd say that you should not worry as long as BTC is legal in your country. They will never restrict you, also as long as you won't do anything that is shady. About segregation, maybe you can put some disclaimer around the donation page about it and you will need to set-up two different wallets for it.

[SickDayIn]

Mixing up KYC and non KYC coins? It's all cryptocurrency. You should really only be worried about receiving coins that come from a darknet market, OFAC sanctioned addresses, or from a OTC russian exchange. That will get your coins locked if you ever move them to an exchange without many hops.

[moneystery]

.....

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Thanks

why do you want to separate it? moreover it doesn't mean that you can separate it because bitcoin from cex or from whoever it is, it is still bitcoin and you can't say that it is bitcoin from kyc user or not kyc because you can't tell the difference. it seems that you still don't understand about bitcoin, you should learn bitcoin and how it works.

[Aanuoluwatofunmi]

If I am receiving some small bitcoin donations - 15,000 to 35,000 sats per donation, then how do I know if that donation is from a KYC exchange or a non-KYC exchange?

Does the answer depend on the address of the sender?

The donation you're receiving is not a thing of consideration on whether its coming from a KYC exchange or an exchange that does not require for KYC, its not amount all these that determined whether the coins will be suspected or not for illegal financial activities, though i still understand this as part of the reason some will come and tell you they will only make use for decentralized exchanges in other to avoids other shows from a centralized one, but honestly one doesn't have to worry himself from those making donations and from the account they are doing that from.

[Darker45]

You try to make some research first whether the addresses belong to exchanges or not. After which, you then make a research as to which exchanges those addresses belong to. Only then can you know whether the exchange requires KYC or not. This is quite easy to know because KYC is normally included in their terms of service.

But if your purpose is to classify your coins according to whether they're coming from KYC or non-KYC exchanges, I don't see a point. Other than the fact that Bitcoin is the same whether they're coming from KYC or non-KYC exchanges, exchanges change their terms and conditions as well. It may be non-KYC today, but it could require KYC tomorrow.

[bitterguy28]

Mixing up KYC and non KYC coins? It's all cryptocurrency. You should really only be worried about receiving coins that come from a darknet market, OFAC sanctioned addresses, or from a OTC russian exchange. That will get your coins locked if you ever move them to an exchange without many hops.

What he is worrying about the chance of Him being monitored by the government as he wanted to have a complete privacy in which I thing
many of us wanted to achieve.
you have your answer mate , though am still confused for your complete reason stated above this post but i will respect that and yeah while I also don't trust government that big but nothing I can do but to follow the rules because I am a citizen .
anyway good luck to your donation business mate , and hope you will grow a lot in keeping those coins and may have privacy in all your spending .

To OP, you don't get to choose who can send to an address, anyone can as long as they have BTC and the address, you no need to worry about receiving if it's actually donations and not just a coverup or laundering the money to avoid taxes, right?

But you can stop using them if you want to, by using coin control feature that can be used to freeze specific UTXOs.

Maybe he already have His answers because never that he posted here again .

[Mrbluntzy]

I'm still a bit confused about this. I don't want to mix up my KYC and non-KYC coins.

Does this really matter? When you are just the receiving point? What's your concern about this aside from getting mix from KYC or not.

As long it's not from hacked platforms, malicious actors, or any kind of criminals, you're good.

If he wants to avoid receiving those donation from a KYC exchange, best way to avoid it is to specifically state it in his website. Let him write a warning telling visitors not to send him Bitcoin from a KYC exchange. It's as simple as ABC.

[PX-Z]

If he wants to avoid receiving those donation from a KYC exchange, best way to avoid it is to specifically state it in his website. Let him write a warning telling visitors not to send him Bitcoin from a KYC exchange. It's as simple as ABC.

Most users or website visitor or potential donators/supporters will read it as weird or something illogical IMO. As i said it does not matter if the coin came from exchanges or not, as well as nothing to worry about. Mentioning such thing will probably give potential donators to send you one from KYC exchanges since there's a little way to can tell if it came from where as donation.