Post
Topic
Board Bitcoin Discussion
Re: South African Man Loses $900,000 Worth Of BTC After Accidentally Deleting Keys
by
Sithara007
on 22/08/2021, 04:40:03 UTC
It is better to store BTC in an online wallet, such as COINBASE .

And you will be royally screwed when they ask for KYC, in order to access your coins. Already the governments have mandated KYC for all the mainstream exchanges. The online wallets are going to be next. Imagine getting locked our of your coins, just because you don't want to undergo the KYC process. And in case you do the KYC, then it is goin to open a can of worms. The IRS will send you a notice and ask you to explain all the tens of thousands of transactions that are recorded in your wallet. All the best with that!