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Forum » So crypto is really not anonymous?? Wtf
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Thread: So crypto is really not anonymous?? Wtf

post 1651492783 11-25-2021, 03:32 PM
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So crypto is really not anonymous?? Wtf

Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.

So it really is not anonymous?
**^^ gone ^^**
post 1651492933 11-25-2021, 03:38 PM
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Coinbase is the worst - not only your name but yes verify identity, photo ID/passport, verify your bank if you want to transfer etc.

I use both edge wallet and exodus wallet, completely anonymous but if you use some 3rd party service to interact with your bank then you lose that of course. I accept crypto payments with one of my businesses so I prefer to 'make' crypto by just receiving payments rather than buying crypto as an investment transferring from my bank. Also why I didn't gain in wealth over the past 5 years from crypto
Positivity crew
post 1651492943 11-25-2021, 03:39 PM
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No **** you ****ing moron, and literally every transaction is visible. It's basically a patriot act retards are opting into and helping the database.

If you use anything other than XMR or Eth (eth for certain types of tech) you're retarded
post 1651493033 11-25-2021, 03:41 PM
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Identify theft
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1651493263 11-25-2021, 03:46 PM
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Supposedly it's the same as any checking account, where they have to verify your ID, etc.
post 1651493293 11-25-2021, 03:47 PM
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Originally Posted By TryingBB⏩
Tried setting up coinbase. What the fuk type of anonymity is this? They need name and probably ID, etc.

So it really is not anonymous?
You can make as many wallets as you want on metamask, phantom, etc. You can send anonymously from wallet to wallet bud..
post 1651493423 11-25-2021, 03:51 PM
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Lmao if you didn’t load up on coins before KYC laws.
post 1651494283 11-25-2021, 04:15 PM
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  1. badbart
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That is for the exchange, you can buy the crypto and move it to a wallet. If you really want privacy you can swap your crypto from your wallet to a privacy coin, XMR or ZEC. If you can buy ZEC you could transfer to wallet then transfer to a shielded address. Use a coin swap website so you do not have to use an exchange.
post 1651495783 11-25-2021, 04:56 PM
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Think for a second how absolutely fukin retarded it would be if it was completely anonymous . Its purpose has always been to be a fukin public ledger not a way to send digital currency for illegal activities.

What do you need anonymity for OP?
PUREBLOOD CREW
post 1651495853 11-25-2021, 04:58 PM
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Originally Posted By chalup⏩
You can make as many wallets as you want on metamask, phantom, etc. You can send anonymously from wallet to wallet bud..
They get a warrant, the exchange shares the data with them so they know which wallets you sent your crypto too. Now they can track literally every single one of your transactions. Do you really think they aren't doing that?
post 1651495893 11-25-2021, 05:00 PM
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Coinbase is trash. If ur inactive on ur account they can leagally take your money in your account and it happens all the time lmao. Your balance legit go to 0 when this happens

They can restrict you at any point in time for nothing(this can last weeks, months or years) and make it to where your money is stuck there

Go on the Coinbase subbreddit and read the horror stories. To actually talk to anyone you have to wait 2 hours and they put you on the phone with some npc who knows nothing lmao and feeds u prerendered lines
post 1651496163 11-25-2021, 05:07 PM
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pretty much all of the largest centralized exchanges now require KYC with the exception of maybe Kucoin
if you want anonymous then use decentralized exchanges like uniswap or pancakeswap
biddies in tracksuits
post 1651496233 11-25-2021, 05:09 PM
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lol @ coinies
post 1651496283 11-25-2021, 05:11 PM
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Originally Posted By sdmk⏩
pretty much all of the largest centralized exchanges now require KYC with the exception of maybe Kucoin
if you want anonymous then use decentralized exchanges like uniswap or pancakeswap
Which you can't use until you buy Ethereum or Binance Coin...

And then how are you going to withdraw fiat without a centralised exchange?
PUREBLOOD CREW
post 1651496293 11-25-2021, 05:11 PM
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Originally Posted By Barteh⏩
They get a warrant, the exchange shares the data with them so they know which wallets you sent your crypto too. Now they can track literally every single one of your transactions. Do you really think they aren't doing that?
You know what a VPN is right? I'm not saying its easy but its extremely doable to make your crypto trades untraceable to a certain degree. And no, I don't think they are following you and joe blow right now, maybe in the future for sure but not right now.
post 1651496303 11-25-2021, 05:13 PM
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Originally Posted By FilsGoodMan⏩
Which you can't use until you buy Ethereum or Binance Coin...

And then how are you going to withdraw fiat without a centralised exchange?
Why would you need to withdraw it when they have USDT and BUSD? ETH will continue to make buying anything cheaper on the same timeline as any fiat currency.
post 1651496313 11-25-2021, 05:13 PM
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Yes, and you also have to pay taxes on gains.
post 1651499413 11-25-2021, 06:46 PM
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Originally Posted By FilsGoodMan⏩
Think for a second how absolutely fukin retarded it would be if it was completely anonymous . Its purpose has always been to be a fukin public ledger not a way to send digital currency for illegal activities.

What do you need anonymity for OP?
The whole fuking reason I did not fuking get in on crypto was cuz I thought it’s all anonymous and all illegal bullchit goes on. I didn’t want anything do do with it.

seems like everything is traceable don’t matter how many websites and transfers and wallets are used. Someone has to own a wallet or an account. Right? Money gets put into a wallet - how?

Can I just go an open a wallet and transfer $1000 cash into the wallet? What if the wallet is stolen? How do I prove that wallet is mine? And I own it?

I don’t fuken get it
**^^ gone ^^**
post 1651499523 11-25-2021, 06:49 PM
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Originally Posted By Barteh⏩
They get a warrant, the exchange shares the data with them so they know which wallets you sent your crypto too. Now they can track literally every single one of your transactions. Do you really think they aren't doing that?
Exactly. I am fuking making an account or wallet and buying some coins in the next 24 hours. Mutherfkn stupid chit. I stayed away all these years!

Next steps? Get an account at coinbase or where?
**^^ gone ^^**
post 1651499573 11-25-2021, 06:50 PM
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a blockchain is a public ledger with every single transaction EVER recorded on it. if you want privacy, buy monero.
Lol, lmfao
post 1651499603 11-25-2021, 06:51 PM
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Originally Posted By TryingBB⏩
The whole fuking reason I did not fuking get in on crypto was cuz I thought it’s all anonymous and all illegal bullchit goes on. I didn’t want anything do do with it.

seems like everything is traceable don’t matter how many websites and transfers and wallets are used. Someone has to own a wallet or an account. Right? Money gets put into a wallet - how?

Can I just go an open a wallet and transfer $1000 cash into the wallet? What if the wallet is stolen? How do I prove that wallet is mine? And I own it?

I don’t fuken get it
Create a wallet on metamask, make password and safe seedphrase. Cash app yourself 1000USD from a friends phone and convert it into BTC, send to wallet, do all this on VPN. ??
post 1651499673 11-25-2021, 06:52 PM
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also KYC = kuck your customer.
Lol, lmfao
post 1651499743 11-25-2021, 06:53 PM
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Cuckbase is awful.
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post 1651499793 11-25-2021, 06:54 PM
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It's the same as everything else. An idea comes out that's too good to be true, govt and corporations work together to hijack it, then people keep marketing it as the original idea.

Now it's just like every other currency except less secure. lol
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post 1651499853 11-25-2021, 06:56 PM
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Some very stupid people in this thread. Exchange your coins for monero, monero can’t be traced. Then if you want you exchange monero for another coin.
post 1651500153 11-25-2021, 07:02 PM
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I just want to know how to make coin gains without getting fuked on taxes.

The process of tracking the gains for IRS reporting seems way too tedious to even risk getting audited by the IRS
post 1651500183 11-25-2021, 07:03 PM
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Originally Posted By chalup⏩
Create a wallet on metamask, make password and safe seedphrase. Cash app yourself 1000USD from a friends phone and convert it into BTC, send to wallet, do all this on VPN. ??
In this transaction why cant the Bitcoin in the wallet be traced back to the friend’s phone?

Also, convert it to BTC how? What service/exchange to use to convert from cashapp into BTC?
**^^ gone ^^**
post 1651500213 11-25-2021, 07:04 PM
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Originally Posted By jreacher⏩
I just want to know how to make coin gains without getting fuked on taxes.

The process of tracking the gains for IRS reporting seems way too tedious to even risk getting audited by the IRS
Does coinbase or crypto.com provide a year end report / tax form? Like a brokerage account does?
**^^ gone ^^**
post 1651500313 11-25-2021, 07:05 PM
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Originally Posted By jreacher⏩
I just want to know how to make coin gains without getting fuked on taxes.

The process of tracking the gains for IRS reporting seems way too tedious to even risk getting audited by the IRS
Big brother needs his cut. I’ve heard if someone is busted for illegal activities they still need to pay taxes on any gains they made doing it!
**^^ gone ^^**
post 1651500443 11-25-2021, 07:08 PM
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Originally Posted By TryingBB⏩
In this transaction why cant the Bitcoin in the wallet be traced back to the friend’s phone?

Also, convert it to BTC how? What service/exchange to use to convert from cashapp into BTC?
cashapp itself can convert it to BTC, if you truly wanted to you could use a pre-paid burner phone.
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