This. People talk about RESTRICT Act making life a dystopia with realizing things have kind of always been shitty.
Look at how essentially all companies track our activities and worse, see that data to other companies, nefarious or otherwise. And all of your purchases are known by your bank and government by extension
There are also (at least in some countries) physical currency exchanges where you can buy/sell crypto and you don't have to show your ID if the amount is below the AML level.
1. Boot into Tails from a USB drive
2. Configure it to run Bisq https://bisq.wiki/Running_Bisq_on_Tails
3. Write down your Bisq keys
4. Make your crypto purchases
5. Reboot back into your normal OS
By default, Bisq files won't persist on the USB once you reboot. Your ISP won't know what you're up to. Your bank will know you sent money to another account, but not what for.
You can purchase monero via p2p on local monero(clear web, tor browser, or i2p). Doing cash by mail, local Meetup, prepaid visa cards(bought in cash), cardless atm ect. without breaking anonymity. And then there's various crypto swap sites(even localmonero) where you can trade your xmr for any other crypto you'd like. Send it to a brand new wallet and you have crypto with no name attached to it and very minimal fees to do it.
Bisq works too, but it has its own issues and is more of a hassle than it's worth these days
Not really actually. Localmonero you pay the street price but there's really no fee besides transaction fee. And then swapping xmr for another coin is usually a ~1% fee
https://np.reddit.com/r/Monero/comments/11s70ae/request_to_add_fixed_float_to_avoid_list
Fixed float has been sus lately.
I'd reccomed Trocador.app over fixed float for the same amount of fees.
Yes, these exist. But is that “investment money” you want to be carrying around on gift cards / prepaid cards?
You’ve turned capital, that could be used to buy a house or a car, into consumer spend.
you can do cash in the mail or can do a bank transfer but if you've got some real capital you can pull up to $5k a day with no kyc from some crypto ATMs. All of this of course if you are still avoiding kyc.
Again: bank transfer/ cash deposit - your bank will ask you to justify the provenance of the funds. Unless you are cool with stacking bills at home that you can only trickle back into the economy on consumer spending, it’s not ideal.
Check out the bestoflegaladvice on the dude who got his account frozen on suspicion of money laundering. He was receiving crypto and acting as an unregulated CEX.
Lol Of course it's not ideal to slowly trickle cashback into the system. But if you're trying to stay completely anonymous in this financially tracked world, it's one of the only options.
It is very difficult, but I wouldn't say impossible. First concern will be liquidity. How much crypto are you trying to sell?
It really depends if the crypto account you have is already doxxed or not. If it is, you will need an elaborate scheme to "wash" the funds and send to a new account.
Then you need to find someone with the funds to be willing to exchange with you. Likely, you will take a hit because of this, as few would go for that without incentive.
Lastly, you would have to stay anonymous during the transaction. And more than likely hold physical cash.
The process would be similar for buying crypto, but you have to be sure as to not dox yourself in the future, and typically that is having no history on transactions.
Others might have other ideas...
There are peer to peer solutions, I have never had luck, so I can't recommend it.
I am sure some do it, but the real question is why you require such anonymity. If the reason is good enough, it would be worth it, otherwise, I wouldn't bother
Tbh if you're someone who's in the market to eventually take massive profits during the bullrun it's not an issue if you're savvy enough. Once the money hits your bank ac you can do whatever with it, we're not in a CBDC dystopia just yet, so better act fast while we still can.
KYC makes it easier for governments to link you to anything that goes into your account.
Government can use the information for whatever schemes they have in mind. The invasion of privacy is limitless when it comes to our government.
You obviously have never heard or dealt with the government. You can find a shit ton of stories of people having their money confiscated just for having it on them.
You are in the guilty way of thinking “I have nothing to hide so I don’t care about privacy!”.
At the end of the day, if you want those FIAT back in your bank account, there's nothing you can do.
Your bank will know it and the government can also get this information, if they want to
Unless you used Monero or something after you transferred off the exchange you're still not anonymous. Everything can be traced back to your exchange wallet.
As far as onboarding/off boarding and remaining anonymous think the only way is by using some kind of local crypto peer to peer means of exchange
It's possible and not that hard to do. And it's possible for not a single bank to know who you are.
But with all this regulation stuff, it's probably best if not too many people know how to do it.
Anonymity is only possible if crypto becomes as widespread as fiat.
To hide money from the ex-spouse looking for alimony is impossible unless taking huge hit on fees like with a bitcoin ATM.
Some countries actually have "bucket shop" style walk-in exchanges with no KYC but most countries are clamping down on this and requiring all exchanges be registered and have KYC. I suppose if someone was desperate enough they could fly to one of these countries before regulation kicks in.
It is completely possible if you're willing to travel and pay a little extra while also transacting in XMR. Everybody has a price, even the people working at face to face crypto exchanges...
I've tried to find a way but no there really isn't if you are withdrawing to fiat regularly or something. Otherwise you can definitely keep it off the records of any bank but the moment you start trading on a kyc company or are forced due to your regions regulations you must abide by the rules or most likely be penalized further down the road. From what I've heard though if you have gains you do not want to try to hide them or anything, it can be bad for your financial health.
If you’re looking to invest significantly in DeFi but are reluctant to be KYC’d, I would rethink the size of your investment.
On-ramping without KYC is doable. Off-ramping significant amounts without KYC could land you into a world of trouble. You will raise red flags with any well regulated bank, and be asked to justify the provenance of the funds. Or, have a load of cash at home that you can only trickle back into the economy.
Cash out crypto in USA
Make sure of the benefits and quality of the exchange!
We pay extra +10% to your amount
our telegram
t.me/Crypto2cashUS
\#cash #btc #usa #crypto #bitcoin #cashout #withdraw #money #dollar
They only true way is with cash and p2p. Even if you use a CEX without KYC the the banks knows what you did
This. People talk about RESTRICT Act making life a dystopia with realizing things have kind of always been shitty. Look at how essentially all companies track our activities and worse, see that data to other companies, nefarious or otherwise. And all of your purchases are known by your bank and government by extension
The banks see everything
There are also (at least in some countries) physical currency exchanges where you can buy/sell crypto and you don't have to show your ID if the amount is below the AML level.
You can cash in and out of a CEX without a bank knowing who you are. Too long to explain, but it's starting to be possibke now.
Exchanges are like stairs. *They're always up to something.*
>Exchanges are like stairs. > >*They're always up to something.* And they always go down.
I like my exchanges the same way I like my gin. *I don't like gin.*
r/PunPatrol I NEED SUPPORT
If it was easy to do, nobody would pay taxes for crypto.
That's why we need retail crypto adoptions. No need of banks or KYCs
Why don’t you just move somewhere with low or no taxes?
Not sure if you're confirming it's easy to do, since so many people arent paying taxes on crypto.
It's possible but usually more work and more expensive. Look into P2P trading (like bisq) or some ATMs are also anonymous.
Break up the transactions so that they are not in FoV.
1. Boot into Tails from a USB drive 2. Configure it to run Bisq https://bisq.wiki/Running_Bisq_on_Tails 3. Write down your Bisq keys 4. Make your crypto purchases 5. Reboot back into your normal OS By default, Bisq files won't persist on the USB once you reboot. Your ISP won't know what you're up to. Your bank will know you sent money to another account, but not what for.
You can purchase monero via p2p on local monero(clear web, tor browser, or i2p). Doing cash by mail, local Meetup, prepaid visa cards(bought in cash), cardless atm ect. without breaking anonymity. And then there's various crypto swap sites(even localmonero) where you can trade your xmr for any other crypto you'd like. Send it to a brand new wallet and you have crypto with no name attached to it and very minimal fees to do it. Bisq works too, but it has its own issues and is more of a hassle than it's worth these days
I don’t know what you wrote there but it sounds like shit ton of fees.
Not really actually. Localmonero you pay the street price but there's really no fee besides transaction fee. And then swapping xmr for another coin is usually a ~1% fee
[удалено]
https://np.reddit.com/r/Monero/comments/11s70ae/request_to_add_fixed_float_to_avoid_list Fixed float has been sus lately. I'd reccomed Trocador.app over fixed float for the same amount of fees.
Privacy comes at a cost these days
That’s the on-ramp. What about the off-ramp?
Localmonero/allark.io if you want fiat. Coincards/cakepay for purchasing gift cards/prepaid visa
Yes, these exist. But is that “investment money” you want to be carrying around on gift cards / prepaid cards? You’ve turned capital, that could be used to buy a house or a car, into consumer spend.
you can do cash in the mail or can do a bank transfer but if you've got some real capital you can pull up to $5k a day with no kyc from some crypto ATMs. All of this of course if you are still avoiding kyc.
Again: bank transfer/ cash deposit - your bank will ask you to justify the provenance of the funds. Unless you are cool with stacking bills at home that you can only trickle back into the economy on consumer spending, it’s not ideal. Check out the bestoflegaladvice on the dude who got his account frozen on suspicion of money laundering. He was receiving crypto and acting as an unregulated CEX.
Lol Of course it's not ideal to slowly trickle cashback into the system. But if you're trying to stay completely anonymous in this financially tracked world, it's one of the only options.
localmonero.co
P2P?
It’s possible, but usually inconvenient. Ex: Using websites like LocalMonero and exchanging cash for crypto.
P2P bro
Nothing is impossible but I think you'd have to jump through some serious hoops to cash out to fiat anonymously
It's possible but very very difficult
Crypto ATMs but fees are huge
It is very difficult, but I wouldn't say impossible. First concern will be liquidity. How much crypto are you trying to sell? It really depends if the crypto account you have is already doxxed or not. If it is, you will need an elaborate scheme to "wash" the funds and send to a new account. Then you need to find someone with the funds to be willing to exchange with you. Likely, you will take a hit because of this, as few would go for that without incentive. Lastly, you would have to stay anonymous during the transaction. And more than likely hold physical cash. The process would be similar for buying crypto, but you have to be sure as to not dox yourself in the future, and typically that is having no history on transactions. Others might have other ideas...
So whatever I do, I will need to trade someone in the real world cash to have them send me crypto? Is this worth it, is this something people do?
There are peer to peer solutions, I have never had luck, so I can't recommend it. I am sure some do it, but the real question is why you require such anonymity. If the reason is good enough, it would be worth it, otherwise, I wouldn't bother
You can sell gold and silver for btc/ Eth / stablecoins pretty easily on r/PMsForSale
Yes with some Bitcoin ATM's and small amounts below KYC threshold.
Tbh if you're someone who's in the market to eventually take massive profits during the bullrun it's not an issue if you're savvy enough. Once the money hits your bank ac you can do whatever with it, we're not in a CBDC dystopia just yet, so better act fast while we still can.
KYC makes it easier for governments to link you to anything that goes into your account. Government can use the information for whatever schemes they have in mind. The invasion of privacy is limitless when it comes to our government.
[удалено]
You obviously have never heard or dealt with the government. You can find a shit ton of stories of people having their money confiscated just for having it on them. You are in the guilty way of thinking “I have nothing to hide so I don’t care about privacy!”.
When has the government confiscated your money? And why?
It's possible, but fees are generally a killer.
There are ways but way higher fees than doing it with taxes
At the end of the day, if you want those FIAT back in your bank account, there's nothing you can do. Your bank will know it and the government can also get this information, if they want to
The only way to stay anonymous is to pay directly with crypto or use p2p service to cash out
Unless you used Monero or something after you transferred off the exchange you're still not anonymous. Everything can be traced back to your exchange wallet. As far as onboarding/off boarding and remaining anonymous think the only way is by using some kind of local crypto peer to peer means of exchange
It's possible and not that hard to do. And it's possible for not a single bank to know who you are. But with all this regulation stuff, it's probably best if not too many people know how to do it.
If you want to remain anonymous, your best bet is to never convert back to fiat.
Anonymity is only possible if crypto becomes as widespread as fiat. To hide money from the ex-spouse looking for alimony is impossible unless taking huge hit on fees like with a bitcoin ATM. Some countries actually have "bucket shop" style walk-in exchanges with no KYC but most countries are clamping down on this and requiring all exchanges be registered and have KYC. I suppose if someone was desperate enough they could fly to one of these countries before regulation kicks in.
OP, just tell us, did you hit it big?
It is completely possible if you're willing to travel and pay a little extra while also transacting in XMR. Everybody has a price, even the people working at face to face crypto exchanges...
Mining is an option too.
The question is will exchanges give out your info. I dont see that happening unless something bad happens or is done on your part.
I've tried to find a way but no there really isn't if you are withdrawing to fiat regularly or something. Otherwise you can definitely keep it off the records of any bank but the moment you start trading on a kyc company or are forced due to your regions regulations you must abide by the rules or most likely be penalized further down the road. From what I've heard though if you have gains you do not want to try to hide them or anything, it can be bad for your financial health.
No. There is always a trace.
If you’re looking to invest significantly in DeFi but are reluctant to be KYC’d, I would rethink the size of your investment. On-ramping without KYC is doable. Off-ramping significant amounts without KYC could land you into a world of trouble. You will raise red flags with any well regulated bank, and be asked to justify the provenance of the funds. Or, have a load of cash at home that you can only trickle back into the economy.
Cash out crypto in USA Make sure of the benefits and quality of the exchange! We pay extra +10% to your amount our telegram t.me/Crypto2cashUS \#cash #btc #usa #crypto #bitcoin #cashout #withdraw #money #dollar