Post
Topic
Board Exchanges
Re: Is Coinbase a safe exchange to work with?
by
RodeoX
on 28/06/2017, 16:39:53 UTC
If your concern is about an exchange working with the government by insisting on KYC/AML rules, then I suggest you consider what it would be like to work with criminals. Any exchange that does not follow the law is a criminal operation and you will be sending your bitcoin to criminals. Maybe they are good, honest criminals with a heart of gold.  Roll Eyes More likely they are going to just keep your money and leave you with absolutely no legal recourse. The police are not going to help you, the courts are not going to help you, you are done.
And for what? You could have made out with your free and clear profits.

Wtf dude...

Bitcoin is there to stand against the government regulations because the governments are the biggest criminal organisations there are.

You have no idea what you are trading and what you are buying and what you are even talking about.

If you want to be regulated so badly just stay with FIAT. Governments and Banks will take care of you so well  Grin

I don't like to be regulated but that doesn't mean I am stupid as I already told above that I don't trust any exchanges at all.


Well, suit yourself. I have been here since 2010 and done quite well with bitcoin. Bitcoin is fair money, not magical money. I know for a fact that EVERY bitcoin Tx in the US is now monitored. One day soon you and others are going to find out the hard way. You risk going from financial freedom to prisoner status. Failure to pay the measly 0-15% tax that you owe can result in a bill for the tax + the interest + penalties + jail time. An exchange that is not doing AML/KYC may have all their your bitcoin seized.
If you don't like paying taxes, join the club. But you are delusional to think it's a good idea to try hiding your coin using unregulated exchanges. That is sooo 2013.