Post
Topic
Board Exchanges
Re: Is Coinbase a safe exchange to work with?
by
mindrust
on 28/06/2017, 20:50:13 UTC
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.  

1- Nobody can monitor every bitcoin transaction there is. It is impossible. There are many online exchanges where you can use them as mixers. Nobody will be able to track you down.

2- You can convert your bitcoins into monero in the decentralized exchanges. If you feel insecure with the first way and the amount is too big to use on the exchanges, you can completely wash your coins with this way.

Good luck trying to track down monero transactions.