Stay anonymous by buying privacy Coin and buy a Stable Coin with it?

[PhilTheBit]

Can we stay anonymous by buying privacy Coin (monero, zcash...) and buy a Stable Coin (like Tether) with it?

Someone asked me this question today, I have no idea if some people can do that. What do you think, there is a way to do that?

[ghonkz]

Almost, i mean even if you buy any privacy coin and you want to buy any other cryptocurrency with it, you need register to some exchanger site first though, and exchanger site mostly need some id verification or something like that so you can withdrawit to you bank account. The conclusion is if you still use your real id in any exchanger you use, there no thing such privacy.

[kevoh]

Almost, i mean even if you buy any privacy coin and you want to buy any other cryptocurrency with it, you need register to some exchanger site first though, and exchanger site mostly need some id verification or something like that so you can withdrawit to you bank account. The conclusion is if you still use your real id in any exchanger you use, there no thing such privacy.

I think there are withdrawal limits where you will not be asked for I.D verification, anyone choosing to stay anonymous can decide to stay under those limits using multiple accounts. It might sound tedious but it's one of the sacrifices one can make for privacy.

[PhilTheBit]

Thank you all for your answers

[cryptoprophecy]

Can we stay anonymous by buying privacy Coin (monero, zcash...) and buy a Stable Coin (like Tether) with it?

Someone asked me this question today, I have no idea if some people can do that. What do you think, there is a way to do that?

These coins are very unlikely outdated by most of the new privacy coins which gives a 100% anonimity in each of our transactions,one of the new privacy coins i am talking about is XSPEC with OBFS4 feature which surely a far more ahead than any existing privacy coins.

[PhilTheBit]

Can we stay anonymous by buying privacy Coin (monero, zcash...) and buy a Stable Coin (like Tether) with it?

Someone asked me this question today, I have no idea if some people can do that. What do you think, there is a way to do that?

These coins are very unlikely outdated by most of the new privacy coins which gives a 100% anonimity in each of our transactions,one of the new privacy coins i am talking about is XSPEC with OBFS4 feature which surely a far more ahead than any existing privacy coins.

Thank you, I will look at it