Non-KYC to KYC BTC Move | Bitcointalksearch.org

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Quote from: peter0425 on June 30, 2024, 02:30:18 AM

The key here is to make sure that you leave no trace between your kyc wallets and non-kyc wallets. I suggest to not use just one bank account for all of your transactions. It might be a bit of a hassle but one way or another, your wallets can be traced back to each other so careful transactions is the key here.

No KYC wallet should exclusively interact with a no KYC p2p exchange. Any attempt to move the funds from a no KYC wallet to a centralized exchange that asks for KYC means that your privacy has been compromised.

Transactions involving no KYC p2p exchanges are so hard to trace if OP is very careful with his steps. The fiat money he will receive will appear as though someone has made a payment to him for goods and services. This of course is very easy to pull off with little sums of funds

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Quote from: HeartyMarty on June 21, 2024, 11:58:17 AM

The goal is to keep my non-KYC and KYC wallets unassociated. What are my options?

The key here is to make sure that you leave no trace between your kyc wallets and non-kyc wallets. I suggest to not use just one bank account for all of your transactions. It might be a bit of a hassle but one way or another, your wallets can be traced back to each other so careful transactions is the key here.

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All transfers that would include bank transactions are risky, especially if you suddenly start receiving large amounts of money from people with whom you had no transactions before. If you go in that direction, you have to prepare all the evidence about how you bought all that BTC, and be ready to present it to the bank or CEX that you will use.

I don't know where you're from, but in some countries (EU) there are physical crypto exchanges that don't ask for KYC up to a certain amount (for now), but if you have a few BTC that you want to sell, that's not a practical solution.

If you have a CEX in your country, you could contact them and try to arrange sales directly through OTC.

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There's no better option than using that very exchange BisQ. Depending on how much you want to exchange, you might maybe face a challenge of low liquidity. The other option is robotsats if you completely don't want anything to do with KYC

I understand that Haveno (Decentralized exchange for Monero to fiat transactions) has been launched. I have not yet used the platform, so I don't know how good it is, but another way would to swap some of the BTC for monero and then use Haveno to trade it for Fiat.

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Quote from: HeartyMarty on June 21, 2024, 11:58:17 AM

Now I would like to start exchanging from my non-KYC wallet for fiat. My only concern is that I don't want to get flagged or have my BTC seized by one of the major exchanges if someone I got my BTC from in the past is shady. I haven't been keeping up on the latest crypo news so I have no idea how to do this.

The goal is to keep my non-KYC and KYC wallets unassociated. What are my options?

Also, I suppose one option is to just use Bisq again to sell my BTC and have the buyers send me fiat via Zelle or whatever straight to my bank. How does this method compare to any other that is common and safe?

If you can go on without the help of custodial exchanges, that would be better for you. BISQ is probably the most private p2p dex out there, I don't think you can go wrong with them.

But you did mention "a bunch of BTC" in your post, if it's a life changing amount, you may encounter liquidity problems with bisq so maybe look into other alternatives as well for a backup, see: https://kycnot.me/?t=exchange&q=&fiat=on

I'd say any fiat bank/e-wallet could likely flag your account as well if there was suddenly a pretty big transfer so you may wanna split payments up.

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I'm sure this has been asked a million times already, but I guess another time could only help.

I acquired a bunch of BTC via Bisq a few years ago and I also have some KYC exchange accounts.

Now I would like to start exchanging from my non-KYC wallet for fiat. My only concern is that I don't want to get flagged or have my BTC seized by one of the major exchanges if someone I got my BTC from in the past is shady. I haven't been keeping up on the latest crypo news so I have no idea how to do this.

The goal is to keep my non-KYC and KYC wallets unassociated. What are my options?

Also, I suppose one option is to just use Bisq again to sell my BTC and have the buyers send me fiat via Zelle or whatever straight to my bank. How does this method compare to any other that is common and safe?

Thanks!
marty

Topic: Non-KYC to KYC BTC Move (Read 128 times)