/biz/ - Business & Finance

>>24874955
he's right you know?

>>24874955
good thing i'm not a mutt

>>24874955
hasn't /biz/ known this for a while? You only use cex's for degenerate gambling, not actually storing your crypto

>kyc wallet to get muh butcorns
>send to another wallet
wallah

>>24875050
The biggest problem is on boarding Fiat

I had to go through kyc.

>>24874974
>paying for a pass

yikes

>>24875098
ya but you won't be able to send out to randoms to obfuscate the trail through your exchange anymore

twitter austim = retardation
4chinz austim = unlimited keks

>>24875135
What is country range ban.

t. euro

>>24875135
it's nice

ok fine i have one too

Already did this last night. I still have almost 2BTC on exchange but I don't mind leaving in there since I intend to pay taxes anyway. Although if we hit 50k I'll withdraw one of them.

If I wanted privacy I'd just use monero, and in fact I'm probably going to set myself up as a local crypto exchanger soon. Just need to set up some materials and print up some small flyers to hang in coffee shops. KYC can kyc my ass.

>>24875419
you're better off paying for a vpn and paying some poojets to fill the captcha unless you really need lower cooldown to shitpost faster

This is bullish af for XMR is it not?

safer on coinbased than anywhere else desu

>>24875734
all major vpns are already banned from posting without a pass, retard

>>24875896
>mayor
found your problem

>>24874955
> try to withdraw coins
> exchange requires you to KYC target wallet
> comply and send fund to a single use address
> you are now in custody of your assets
> send funds to actual wallet

Assuming you are already KYC'd on the exchange, 100% the case for any mouth breathing fuck who stores crypto in a CEX, this only adds the hassle of an extra transaction hop.

>>24875938
WTF does the Mayor of his village have to do with his VPN?

>>24875883
i have stuff on coinbase but i have sent off of coinbase before, will i get traded for cigs in prison?

>>24875955
right but will the exchange see that youve done this and bring the heat on you?

>>24874955
does this mean you'd have to do kyc for any wallet you previously withdrew to, or only the one you plan on transfering to in the future

>>24876046
depends
what race are you?

>>24875439
wow lmao

>>24875135
Get a load of this poor fag that can’t pay $20

>>24875955
I'm a mouth-breathing fuck that store everything on shakepay.
Should i get a paperwallet?

>>24876046
just send it back to coinbased, not a problem

>>24876120
irish german

>>24876079
The exchange already knows about your transactions regardless. The moment you use a CEX all of your stuff is out there.

If BTC is this easily defeated then it has always been worthless.

>>24876079
Unlikely, because that's a lot of extra work on the exchange to keep track of the entire blockchain and they could probably argue in court that once you withdraw your crypto to a KYC wallet, it's out of their hands and the government is putting undue burden on them for something they can't control at that point.

There's really no good way for the government to try to control crypto beyond mandating KYC on and off ramps for exchanges, and maybe going after local cash exchanges. But if they do that, they just drive people to start transacting goods and services in crypto directly, which only helps the cryptocurrency start outcompeting the dollar which now has onerous regulations on usage.

The writing is on the wall for fiat and has been for over a decade now.

>>24874955
“not your keys, truly not your coins”
I don’t get this, I own my coinbase account and it is my password and 2FA key. Why are people paranoid? I don’t see you asking for your bank building key.

>>24876244
checked and seems logical but these people are really evil and im still frighten

>>24874955
What country is a safe haven?

>>24876257
Quadrigua users will understand the risk

>>24876257
your account has been flagged for wrongthink and your assets are frozen, remain in your home and an agent will arrive shortly to inform you of your next steps

>>24874955
This will unironically happen when Democrats win the georgia runoffs, possibly even if they lose.

>autism capital

>>24875135
>being a faggot that says yikes
Ngmi

>>24876343
I'm genuinely tired of fucking US boomers ruining -literally everything- for the sake of their fucking chinese stocks.

>realizing the collapse in society was planned years before you were born
>purely so old fucks who were young then could fucking retire in wealth

FUCK
BOOMERKIND

>>24876257
You don't understand bitcoin or crypto. You think you do, but you actually don't.
Please. Research what a private key is.

>>24875098
>wallah
It’s voila (voilà) you uncultured fucking faggot

>>24876343
They already can't make cryptocurrency illegal, it's protected by too many amendments (just like actual cryptography algorithms). The best they can do is pass anti-money laundering laws and regulations, which basically amounts to
>don't buy slaves with crypto
>don't pay hookers with crypto
>pay your taxes
So they can't make actual transacting in crypto illegal, nor could they even if they wanted to. The system is self-sustaining thanks to how mining rewards are set up and miners exist all over the world, so even if the USA decides to pressure every single Rothschild central bank owned country in the world to ban mining... Iran and NK will still have miners and transactions will still get processed.

Cryptocurrency is literally unstoppable, and any attempt to throttle it will only encourage people to divest from fiat entirely and start transacting directly for crypto. This is literally death throes.

>>24874955
>autism capital
yeah ok.

>>24876178
it's over

>>24876493
"....then they fight you, then you win"
capital gains tax still needs to fuck off though

>>24876623
Yeah, but that's why we have a tax code 100 times longer than the bible. There's always a way around it, it'll just cost you to get a good tax accountant who knows how to set everything up.

>>24876257
Gr8 b8 m8. It actually hurt reading this.

>>24874955
I didn't realize there were even people who can buy crypto without KYC

>>24876463
>voila (voilà)
It’s actually viola you absolutely retarded nigger

>>24875135
>yikes