It's not really the privacy issue for me as I intend to stay within the law (as much as I despise taxes, I'm not willing to go to jail over them). My issue is that I am not risking my sensitive information with an exchange. Data breaches can and do occur and the last thing I need is to be bogged down by federal and state bureaucracy to fix the issue, protect my identity and fix any damage to my credit score.
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Some info, but probably not that kind, considering I literally never KYC and keep a very close eye on what data I allow out there (and what data breaches have occurred so that I can take preemptive action).
Even if my data WERE out there, I don't see it as a justifiable action to risk that data even more. I've recently dealt with government bureaucracy on this level and the last thing I need is to be tangled in that mess again just to buy a $50 trial run of something I won't likely go all-in with, despite seeing the advantages.
I know people here don't like that sentiment but that's where I'm at right now.
WTH are you talking about? I’m state side and haven’t had any of this trouble… cold storage if your scared about KYC, and if you staying within taxable laws then why worry about KYC? Purchasing btc has NEVER impacted a credit score or made my identity anymore less secure than using your face to login to phone 🤔✌️🤝
"I am not risking my sensitive information with an exchange. Data breaches can and do occur and the last thing I need is to be bogged down by federal and state bureaucracy to fix the issue, protect my identity and fix any damage to my credit score."
