Why do you want NON KYC coin

[Beparanf]

There are two main reasons I have why I choose bitcoin over fiat currency, the anonymity makes me feel safe and I am the one who is holding your funds, the other one is to avoid paying taxes, this is also the common reason of every bitcoiners and there is no way for the government to put the tax in every crypto transactions because of being anonymous. We are always seeking a NON-KYC, especially when using an exchange because we want safety and we dont want our identity to be used for other purposes.

Avoinding Taxes is also the reason why Government keeps on pushing themselves to be part of crypto. Gone are the days that we can freely use or cashout any amount of crypto without them knowing, there is app that easily converts our crypto to our fiat before but now it became too stricter and blocked users with high amount transactions since they pursue a KYC almost every transaction says to avoid AML. It’s better to have Non KYC coins   if cashing out will be easily accessible but if the area is not yet fully grown and only banks or government related institutions is the way to make it as fiat then it will just be the same. Just always make sure that the platform have the right to conduct KYC to you.

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[Blowon]

KYC takes a considerable amount of time in its review process. Some people need bitcoin immediately so they choose to buy bitcoin on a non KYC exchange. The KYC process should be accepted as quickly as possible in order for everyone to be interested in KYC. KYC is also very important in maintaining the security of an exchange from money laundering.

[rhomelmabini]

There are two main reasons I have why I choose bitcoin over fiat currency, the anonymity makes me feel safe and I am the one who is holding your funds, the other one is to avoid paying taxes, this is also the common reason of every bitcoiners and there is no way for the government to put the tax in every crypto transactions because of being anonymous. We are always seeking a NON-KYC, especially when using an exchange because we want safety and we dont want our identity to be used for other purposes.

Taxes is the thing that these greedy government needs to be involved with, it's something lucrative on their part I suppose. No wonder this will be part of the whole in the future, these regulations but I think it take amount of time for some consideration. Everyone wants to stay anonymous as possibly as they could not to disclose how much you own or not to harm their personal information online.

[n0nce]

Just interested to hear people's reasoning for wanting NON-KYC bitcoin.  Im guessing its so that one can deny ownership from "the man"

Probably so they don’t have to pay taxes on profits. I know that I would love to avoid paying tax on bitcoin when I sell. I’ve been HODLING many coins for over 7 years, it doesn’t feel fair that I should have to pay 20% tax on profits.

I'm wondering though, how you'll want to cash out millions of dollars, euros, etc. in a couple years without the authorities noticing. It's better to pay 20% taxes than landing in jail or only being able to spend tiny fractions of your holdings at a time to remain 'low profile'..

[ene1980]

Just interested to hear people's reasoning for wanting NON-KYC bitcoin.  Im guessing its so that one can deny ownership from "the man"

Probably so they don’t have to pay taxes on profits. I know that I would love to avoid paying tax on bitcoin when I sell. I’ve been HODLING many coins for over 7 years, it doesn’t feel fair that I should have to pay 20% tax on profits.

I'm wondering though, how you'll want to cash out millions of dollars, euros, etc. in a couple years without the authorities noticing. It's better to pay 20% taxes than landing in jail or only being able to spend tiny fractions of your holdings at a time to remain 'low profile'..

It is impossible to cash out huge amounts without the authorities knowing. The best option is always pay the taxes and live peacefully as you are not going to get away with it and the pressure of doing these illegally will make anyone weak mentally. You can withdraw small amount within the limit and the authorities will not come chasing but with huge amounts there is no way you can get away.

There are ways but what is the end result if you set up a company in free heavens, the risk is higher and if there is any investigation then you will be caught either way.

[Chathusand]

People, especially bitcoin users, demand privacy and anonymity so that the government cannot track them. They also want to safeguard their personal information because some coins requiring KYC are hazardous. While maintaining our anonymity is extremely important to us, others value security over anonymity.

[Ryker1]

Just interested to hear people's reasoning for wanting NON-KYC bitcoin.  Im guessing its so that one can deny ownership from "the man"

Well because of these words, ^privacy, and ^security why do people want non-KYC coins.
We need a decentralized platform and a truly decentralized platform will truly give privacy and there should not require any KYC form.
Simple as that.

[bpovtmg]

Go Monero (XMR) if you want some real privacy and anonymity for whatever reason.

[Boov]

Just interested to hear people's reasoning for wanting NON-KYC bitcoin.  Im guessing its so that one can deny ownership from "the man"

That the preference of individual who keep their identity anonymous and private, because most people is afraid of security breaching. It doesn't matter if we don't confirm ourselves to strangers, so keeping ourselves safe from any fraudulent activities much better if we stay confidential on our personal data. I only provide my personal information with trading site which I usually transact with, but for those non trusted I choose not to divulge everything from my end.