Someone detected the importance of privacy

[MorganaX]

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

Such mess can be cleared up by doing a reversal of what has been done. How do I mean? Simply sell all those Bitcoin back to your local Fiat which you spent in buying those coins and after the money has settled in your account, use it to buy back the coins you sold but this time around, only buy from a decentralized exchange or from a p2p physical agent. The second suggestion which some people don't like is to use a Bitcoin mixer. Although the first option is very preferable and easily doable.

If you want to do the method you proposed, then it would be very stressful I mean selling off all the bitcoin and then later on buying everything back again? Well if I was the one then I would simply just use the mixing option because that would save a lot of stress and also avoid any extra room for misuse of the money because when you sell to Fiat a whole lot of things can come in mind to do with the money so rather just send with mixer to some other place although mixers come with risks.

[Hazink]

There is nothing to be done that will delete the person's information from the places where it has been submitted. Those services have it forever.

The only thing he or she can try to do now is to break the link which connects those purchased coins on rhe exchange from outside by either using decentralized exchanges to get the coins swapped and move them to a totally different wallet, or just let those coins be and start the privacy thing fresh by not connecting your new wallet to those linked to your identity.

[Bit-Mj1014]

Honestly, I think most of us are in the same situation. We all started with the easy centralized exchanges because that’s how the door was opened for us. It’s starts getting bad when you realize how much of your personal life is connected to your financial data now, but in all this I think the best idea is to keep your old exchange account for quick trades, but move your serious savings into a completely fresh wallet that has never touched a centralized platform.

[Issa56]

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?

Some people might not really know the value of their privacy early, they might have submitted their informations on exchanges before they realize they have made a great mistake, so they will want to look for a way to clean up things which is impossible, but I will say they still have choice at privacy. All what they will do is just to ignore the centralize exchanges which they submitted their details, and start making use of Decentralize exchanges, if the person doesn’t use the centralized exchange any longer, they not going to be able to monitor the person’s financial transactions.

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

Immediately you decide to submit your KYC on any exchange, then your information is already public, and there is no way you going to erase the information, so the only correction which you can make is to stop making use of those exchanges, and start using decentralized exchanges.

[Josefjix]

There is no way you can reverse back your privacy especially if your information had been uploaded in many centralized exchange out there. Once that person detects that privacy is necessary, such person should start withdrawing his assets off these exchanges for decentralized ones.

Then, ask for an account closure if any centralized exchange has the option, and close down all your accounts to invalid every details sent to them, that is necessary maybe.

[UchihaSarada]

There is no way you can reverse back your privacy especially if your information had been uploaded in many centralized exchange out there. Once that person detects that privacy is necessary, such person should start withdrawing his assets off these exchanges for decentralized ones.

Then, ask for an account closure if any centralized exchange has the option, and close down all your accounts to invalid every details sent to them, that is necessary maybe.

It's impossible in modern societies when documents are sent, stored and spread online very quickly. It's almost at the time you submitted your documents, sent it away to any place, your personal sensitive documents will be stored both online and offline by companies and even the other people. You even don't know which entities have your documents after that so retrieving your documents from all these entities is surely impossible.

That means privacy and anonymity after losing, will be lost forever and you will never be able get it back by completely erasing such documents.

Privacy always matters!
The Value of Privacy.

[CryptoYar]

Although you can not wipe personal data and wallet links already kept by main trading sites because of long term tax and check rules, you can move to next step of Working Privacy by breaking link between your name and the future trades.
Cleaning up your digital track might need using either CoinJoin or privacy rules such as Railgun to mix your old, tracked coins, really making shield, so that nobody can follow your path back to when you first used ID to take out your coins.

I believe that you will still keep your privacy even after going through those old name checks, it will just mean that you will have to use those old accounts as your Open Record when it comes to taxes, and begin new no ID friendly habits on your Secret Record. By taking on these new rules now, you are hiding yourself again in such way that your past will be fixed record, but your future wealth will be your business.

[Awaklara]

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

As users of a centralized exchange platform, we cannot cancel KYC. So the personal data information we have sent to them will remain in their hands, even if we no longer use their platform. Notification emails may be unsubscribed from. But our detailed information will still be there. We can only stop that habit for the next transactions we make. We still cannot clean up that mess.

[arzuo]

Privacy is possible, but complete anonymity isn't.
 However, you can control your future privacy.

My following method:

#Stop adding more data.
Only use new KYC platforms if you truly need to.

#Keep identities separate
Use different wallets and don't reuse addresses.

#Improve your operational security 
Use privacy tools. Don't link your accounts.

#Gradually shift.
Move to self custody and privacy-focused platforms.

[mindrust]

Monero is your biggest chance on privacy. Don’t get obsessed with its price. Focus on its fundamentals. It is the OG privacy coin and by default it keeps you anonymous. Even exchanges not accepting monero is a feature because exchanges force KYC randomly. When they don’t accept monero, they force you to use decentralized exchanges and that’s a good thing for you.

If you hold monero and try to do whatever you do with other cryptos with xmr, you’ll have good privacy automatically. It is hard, it is a painful path but nobody said privacy would be easy to acquire. Life is not ez.

[Son Of Blockchain (SOB)]

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

As users of a centralized exchange platform, we cannot cancel KYC. So the personal data information we have sent to them will remain in their hands, even if we no longer use their platform. Notification emails may be unsubscribed from. But our detailed information will still be there. We can only stop that habit for the next transactions we make. We still cannot clean up that mess.

The deed has been done but can still be corrected, those who use Centralised exchange can stop doing that. Then open another secured wallet from a non custodial platform, buy from a decentralized exchange where KYC isn't required and save there, I read where someone in this thread suggested that "you can sell of the coins back to the centralised exchange you bought from to get fait then use it buy from a decentralized one".
 He's on point too cause with that you'll go back to being private again and the mess cleaned up. Maybe after doing that you can delete your account from the centralised exchange if it's possible do so, to ensure the mess is totally cleared up.

[Kruw]

Monero is your biggest chance on privacy. Don’t get obsessed with its price. Focus on its fundamentals. It is the OG privacy coin and by default it keeps you anonymous. Even exchanges not accepting monero is a feature because exchanges force KYC randomly. When they don’t accept monero, they force you to use decentralized exchanges and that’s a good thing for you.

If you hold monero and try to do whatever you do with other cryptos with xmr, you’ll have good privacy automatically. It is hard, it is a painful path but nobody said privacy would be easy to acquire. Life is not ez.

You don't have to switch from Bitcoin to Monero, you just have to switch from a non-private Bitcoin wallet to a private Bitcoin wallet. There are coinjoin transactions on Bitcoin with much larger anonymity sets than Monero.

[snowpega]

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 can be wrong here, but what I think is that if you are not buying a very large amount of Bitcoin on centralised exchanges, there is nothing to worry much about that. Because if you are buying a large amount of crypto, then there is an obvious thing government or centralised exchanges can put you in a kind of inquiry to ask where the moeny come from? I mean, they can ask you the source of money just to validate is you money is black or white.

And another fact is that if you are holding a large amount in crypto on centralised exchanges, then the chances are higher that you may have to pay tax on your holding because you are in the records of the system. That is why it is always recommended to only hold a large amount in crypto from decentralised exchanges if you want to escape the traditional system. DYOR!

[Uhwuchukwu53]

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

As users of a centralized exchange platform, we cannot cancel KYC. So the personal data information we have sent to them will remain in their hands, even if we no longer use their platform. Notification emails may be unsubscribed from. But our detailed information will still be there. We can only stop that habit for the next transactions we make. We still cannot clean up that mess.

Your right, all this happen as result of the information we hard in the process of joining the system, today that a lot of information is available our activities as human is subject to change, even if there is storage of our data possibility of sticking to privacy where one can feel more safer need given attention, centralized exchange is not an advisible please where one asset could be staying for quite a long time. Since KYC has always been the identity measure of users on centralized exchange an once your details is hold by another individual that confidence of privacy is not assured anymore, the use of wallet and exchange where this is less required is the best to privacy.

[Outhue]

If the person now thinks that privacy is far more important to them now than before I believe it's not too late, what is out there is not getting erased for sure but don't keep adding more data, tell him to choose privacy coins instead if he really want to stay privacy online, there is more to do than just avoiding to pass KYC verification online.

Smartphones and computers also have their ways of collecting data, he will need to get rid of his smartphone OS and install a privacy OS that doesn't collect users data, like Graphene OS, staying away from Google engine completely is one of those ways too, he can start afresh but it's going to be inconvenient at first since this is the first time but it's not impossible.

[Easteregg69]

Dont get it mixed up with secrets.

I be in rational privacy. The President grants approval as we speak.

You want a magnet from Bejing? I drink to that.

[BlackHatCoiner]

There are coinjoin transactions on Bitcoin with much larger anonymity sets than Monero.

Two good arguments in favor of Monero I can think of are that, while the anonymity set of ring signatures can actually be less than a big coinjoin (which is followed by more big coinjoins that remix the coins):

• Coinjoin participants can consolidate their coins in a manner to reduce the anonymity set, while in Monero it is not possible. (There is no such thing as accidentally or purposefully consolidating a subset of the rings)
• There are no "liquidity spikes" when a whale moves XMR.

[Jubilee58]

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?

Some of us here have used centralized exchanges at one time or the other for bitcoin and other cryptocurrency transactions, but this doesn't prevent us from being private. Some of us did that when we were very new to bitcoin investing.
To keep privacy, despite having your information on the centralized exchanges, all you just need is to begin to transfer all your bitcoin investment to a safe wallet that is offline, and ensure to keep the seed and secret phrase safe. Your wallet is never affected by the information you have online because it is offline.

[lizarder]

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?  

This can be remedied by selling the Bitcoin we bought from centralized exchanges, but the databases we used for KYC will continue to be stored with them. But to break the chain and better protect privacy, we can start now and stop using centralized exchanges for investment. If we hope for continued privacy, from now on never use centralized exchanges that require KYC so you can protect your personal data regarding privacy.

Nowadays, a lot of public information is stored in databases and even in my country, many ID cards are used by irresponsible people for KYC processes or even to register for something. This is happening so quickly and it seems as if privacy is no longer a concern, as information is being spread everywhere without the owner's knowledge.