I wonder how I am supposed to sell bitcoins on an exchange. I have been considering several and have gone through the KYC/AML process for three exchanges. The problem is once I sell my coins they might ask me to prove where I got them from. Keep in mind I am not intending to withdraw the FIAT, I just want to sell high and rebuy lower, and withdraw the coins.
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
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that's sounds fishy, an exchange asking where does your bitcoin came from. That's not good I think, you better stay away in that exchange. besides there are many other exchange site where they are asking where you bitcoin come's from just important is you buy bitcoin on their exchange site platform
Are you saying bitcoin is coming from exchanges who sell it? Every bitcoin is generating via the mining process and it will consumes the network fees for the every transaction. Via exchanges you can just buy or sell bitcoin as normal person or you can be start trading as trader and make profit.
Best selling places to get fiat for bitcoin are Yobit, localbitcoins, polenix and coinbase.