Hello, community! I'm new to Bitcoin self-custody and would like some help to better understand some issues.
I currently use the Bipa app to buy Bitcoin BTC and then transfer it to my personal wallet (BlueWallet), as I believe that "neither your keys nor your coins". However, with the new 17% tax rule on cryptocurrency profits in Brazil, I'm concerned.
My questions are:
Self-custody vs. Taxation: Does keeping BTC BTC in my own wallet really protect me from being tracked by the IRS?
Legal strategies: Are there ways to not declare or structure transactions to reduce impacts, since the government already collects a lot of money and it all goes to politicians' pockets?
Privacy: Should I migrate to wallets like Wasabi or Samourai (CoinJoin) to increase anonymity?
I appreciate any guidance or experience you can share!
If you want to buy BTC anonymously, use peer-to-peer exchanges like HodlHodl, RoboSats, Bisq, etc. Alternatively, you can use a global Bitcoin exchange like Strike check if it’s available in your country. I don’t believe that Strike, Bull Bitcoin, or similar bitcoin exchanges would easily hand over your personal data to government authorities.
It’s wise to get a hardware wallet like Coldcard or Blockstream Jade. BlueWallet is still a hot wallet and doesn't offer top-level security, since the phone is connected to the internet and your keys can potentially be extracted. With a hardware wallet, on the other hand, the seed and private keys never touch the internet.