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Author Topic: buying bitcoin and the seeming impossibility of keeping anonymous  (Read 240 times)
Hypnosis00
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May 08, 2021, 02:14:20 PM
 #21

That soon to happen and we can't avoid that.
Because as we more engage online, using emails, social media accounts, the more we are exposing our personal identity to the public.
But the question is how important to keep anonymous? Does there is something we need to hide and don't want other people to know it? I understand about privacy but we are in a new era, no matter how careful we are, keeping ourselves out to know by others, leaks can't be prevented in some other ways, not just only in the crypto world.

R


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May 08, 2021, 05:31:03 PM
 #22

If you want to be fully anonymous to buy Bitcoin then it's quite complicated. Because even you buy through the peer-to-peer exchange where doesn't require KYC, but somehow you are providing your identity by sending money either any electronic cash or bank transfer. That means if you intend to buy Bitcoin then you have to provide at least your bitcoin address, but it could skip by using a Bitcoin mixer. The concern still exists how will you pay the seller. If you don't buy then you have to earn somehow either mining or from other sources. But it can't save your address privacy then you can't save your privacy as well.

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May 08, 2021, 06:19:12 PM
 #23

Localcryptos doesn't have mandatory KYC means you can use a throw away email which created using the proxy network and buy the hardware wallet while surfing via TOR to avoid your IP, by the way why you need to worry about FBI as long as you are not doing anything illegal?

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ILuckyGuyI
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May 08, 2021, 09:33:18 PM
 #24

Yeah, after countries started demanding customer information from the exchanges, the anonymity is gone. And as far as I know, you have to tell the government which wallet you have if you are living in USA (Idk if it exists in other countries too). And now they are searching for a way to reach hardware wallets also to prevent people who have bad goals and choose hardware wallets to move safer.

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May 08, 2021, 09:38:36 PM
 #25

that is what monero is made for, there is no way to follow it, in most countries you pay taxes when you sell crypto so you can still pay them, just keep track of selling monero for fiat
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May 09, 2021, 12:00:47 AM
 #26

It is also good that you cannot remain anonymous when buying cryptocurrencies. This will limit scams from bad guys. I think if I trade Bitcoin properly, there's nothing to anonymize. Any profession that wants to last long must keep its reputation.
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