Post
Topic
Board Beginners & Help
Re: Paranoid about anonymity
by
ChuckBuck
on 26/03/2020, 08:20:06 UTC
Is it worth taking care of anonymity too much, even if I won't be using cryptos for any illegal matters?[/b]
If you don't use it for any illegal purpose and you don't care about paying taxes, I think this will be fine, you don't need to worry about it. Typically, cryptocurrencies will be used for large transactions and for dealing with people with geographical distance, this will reduce transaction waiting time as well as avoid taxes and fees. But any transaction used for tax avoidance is illegal, meaning you have to remain anonymous.