Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Who is John Galt?
on 29/06/2023, 15:19:00 UTC
⭐ Merited by JayJuanGee (1) ,bitcoinPsycho (1)
Does a DEX offered Fiat deposit? Is there any? Do not know any. So what kind of future is that if average Joe cannot change fiat in BTC anonymous? It is becoming more and more difficult.

But it is not only KYC at KuCoin. They are also looking at the origin of your Bitcoins:

You are absolutely right, the further you go, the more difficult it becomes. And yes, conditions are getting tougher. And they will become tougher and tougher, because, with a shrug, average Joe goes and leaves all his data, agrees to buy bitcoins only on the exchange so that they look “correct” in the eyes of that exchange, and then even stores them on the exchange, because the exchange promises him guarantees and different benefits. And average Joe does not see the difference between those bitcoins that are drawn as numbers in the exchange account and real bitcoins in his own address, the keys to which are only under his control. But don't we see the difference? Yes, it is also difficult for me to manage various opportunities without KYC, centralized projects with KYC look more convenient, but the price of this convenience is not what I would be willing to pay now.