Post
Topic
Board Bitcoin Discussion
Re: KYC propagation beyond my ownership
by
Zaguru12
on 01/07/2023, 21:06:51 UTC
I'm curious if coins obtained from all non-KYC sources of Bitcoin are equally at risk of being "flagged". Say I buy some Bitcoin off Bisq. Is there a risk I might never be able to send it to a CEX or other "government compliant" entity as it's flagged? In an ideal world everything would be P2P, and this would be a non-issue, but that's not the reality at this stage. Maybe I'm being unnecessarily paranoid, but these are the questions that come up as I'm trying to learn. Thanks again.

No coins from decentralized exchanges are not flagged or tagged tainted and as such you can send your coins out from them to any wallet or exchange. The reason bisq and it likes was suggested for you was that if you can’t buy coins except from exchanges then do so with decentralized exchanges, this way nothing can be traced back to you because the exchange doesn’t have any information related to you. But for convenience reasons if you are scared the funds you are sending out will get you into trouble then the mixers are complete safe, although you might be worried about getting them out without having it tagged. There are just few centralized exchanges that do not accept coins from them. Other than that mixers are safe to use