Someone detected the importance of privacy

[YellowSwap]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

[CryptoHeadlineNews]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

The truth about leaving your coins on centralized exchanges is that no matter the level of KYC verifications you think you might have undergone, it still doesn't give you full control over those assets, despite the fact that those verification might prevent your account from been hacked by third parties. So in a nutshell, if you wants full privacy of your Bitcoin asset, it's best and advisable you opts into saving your coins on non custodial wallets where you owned the private keys and have absolute full control over all assets in it.  But however, if your intention of holding the Bitcoin is short term, you might consider leaving it on exchange wallets, but if it's long term, then non custodial wallets is the best e.g Electrum, Blue Wallet and Unstoppable wallet for both Bitcoin and altcoins.

[BlackHatCoiner]

There is undeniably some non-reversible damage. But, it is still possible to regain some privacy by selling whatever bitcoin you bought recently from a centralized exchange, back to it, get fiat, and buy the same bitcoin from a decentralized exchange like Bisq.

This way you will have erased the history, and chain analysis tracing will stop there.

[Cryptomultiplier]

I understand and share in your concern, OP because it's not as if those personal information can be deleted when we stop doing transactions or use newer CEX platforms.
However one thing am aware about is that privacy is more of a commitment to the discipline in practice and this being said, means that you can from henceforth, start a new life of privacy and regain your control, if you can separate your public or KYC life from your private/cold storage life.

Firstly, get a new wallet with new seed phrases thus severing yourself from your old wallets. Then you progress to using VPN tools to disguise IP address, there's also going to be the need to start using something like a monero bridge to wipe off history of amount of coins transacted.  
Lastly, using the idea of a good email aliases services like Addy.io or Proton Mail aliases for any new sign-ups, would add up to make a great set up for practical privacy improvement.

Visit these links to get better information on the future of improvement of your privacy:

https://www.markets.com/news/crypto-privacy-tips-2025-2944-en?hl=en-US
https://www.bytefederal.com/byteu/academy/articles/bitcoin-privacy-techniques?hl=en-US
https://www.webopedia.com/crypto/exchanges/best-no-kyc-crypto-exchanges/?hl=en-US

[vanesha]

The answer is no. The only thing we can do is trust the exchange where we've placed our data. For example, if we've verified KYC on the website, then privacy is automatically a mere lie. We'll simply be given full access to the exchange, but that comes at the expense of the personal data the exchange already holds. It's simply a matter of whether the exchange is responsible for safeguarding our data, or whether it has truly lost the trust of all its users.

[Stalker22]

If by "mess" you mean your personal information that you left on various centralized services, then, I think no.  You cannot "un-KYC" yourself.  Once a centralized exchange has your passport and a selfie, that data exists forever in a databases you dont control.

[Churchillvv]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

I will always acknowledge that their is no privacy on the internet, as long as you have done one or two things that has to do with online, your footprint is out there, if we seek privacy or to erase our prints online? What’s the purpose? Is it because you plan to commit a crime that will lead to you being untraceable? Or create an innovation that is untraceable, well you can still erase yourself from the internet space like satoshi did, but however if you have bought through CEX there is no need to try to clean up the trace except you did something bad but however you can also change from using CEX to DEX, hence your old trace though the uploaded ID might end at the last thing you did with the CEX, but however, do not have it in mind that with the use of CEx you are not traceable that’s false, its a public ledger and transactions are public things can still lead back to you at any given time.

[GreatArkansas]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

Good question. Hahaha. If you are really concerned with it, which for sure always bothers you now, in my own opinion, to answer your question.
Just don't mind your past if you did such things on centralized exchanges or any platforms, just continue to practice privacy from now on because you don't have any access on those, you can't delete those already even if you asked these centralized exhcanges.

[Hatchy]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

It's as simple as breaking a chain that connects any crypto asset to you. Yes definitely it may seem difficult at some point, but if you some how manage to empty all wallets that had been tied to the coins you purchased using centralized exchanges then it may be possible. All you have to do is get a self custodian wallet, use some privacy tools to clean your coins and send the clean coins to your new wallet. This way, you have increased your privacy by certain percentage, and there literally will be no chance of linking them back to you. But considering all these procedures that normally would come at some cost, people would be lenient to clean up their tracks and increase privacy..

[marsel56235]

That's an interesting perspective. I think the fundamentals matter more than the short-term price action. What indicators do you find most useful for evaluating crypto projects?

[EluguHcman]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

All Privacies are broken on this note while users are only left physically undisclosed to the public except for the technical regulatory agencies who has the users datas.
As a user of such regulatory platforms, loosing the right to your wallets seed phrase as we know that No your key Not your Coin is also due to lose of Privacies, there absolutely no reliable safe tendency for the users, perhaps authorities can always seize the funds if they want to.

What and what do you think they should start doing? Can such mess even get cleaned up?

If you leave trace of your identity through the passing the KYCs, you will remain vulnerable as long as long you keep using the platform for your Bitcoin transactions.

[Y3shot]

That is why it is important, when choosing an exchange, to be mindful of the kind of exchange one uses for buying and selling. Many exchanges don't even care about privacy; they are more interested in getting more users to the platform.

I know there are completely decentralized exchanges, but there are exchanges that are still better for trading. The mistake some people make is that they don't research exchanges; all they want is an exchange that provides access for buying and selling.