Until now I've always bought btc from an no kyc atm and then swapped it for Monero.
As this costs me roughly 10% extra, my question now is :
How safe is it, to buy bitcoin via an kyc exchange like binance, transfer them to a private cold wallet, and then swap the btc for monero?
As of my understanding it would be even safe enough to just buy monero at a kyc exchange and then use it, but still want to hear your thoughts.
Depending on what volume do you need per / week/ month/ year!
With personal accounts you have some limits...
Also depending what Country is the KYC done... There are big differences country to country ..
With personal accounts you have some limits...
Also depending what Country is the KYC done... There are big differences country to country ..
Valid point that I haven't thought of yet. Located in Central Europe, probably like a thousand per month.
1 thousand / month you do not need to worry !
as soon as you sent from kyc exchange to your own cold non kyc wallets , after XMR you will be good to go!
as soon as you sent from kyc exchange to your own cold non kyc wallets , after XMR you will be good to go!