Too early to celebrate 100k again?? ![]()
My KYC-free labled UTXOs are just 8% of the total holdings. (Those Iām pretty sure have no traces to a credit card, KYC, IPs etc.)
Iād like to increase that to at least 25%.
How would you do that? Any practical experiences? Whirlpools, via L2s?
(For new ones Iāll try vexl, hodlhodl and orangepillapp)
Hmm, what do you mean exactly by this and how to verify what is KYC-labelled? A link would suffice.
I labled them āKYC freeā in Sparrow. Itās just locally. I cannot verify it now, but at the time I was sure it was ācleanā (e.g. BTC ATMs or some defi swapping long time ago).
L2: swap them into Lightning with RoboSats (or Boltz), then swap out again.
But the harder part is explaining where your KYC coins went (with documentation), if you donāt want to tell anyone about the non-KYC coins. The āboating accidentā story will not suffice in most scenarios.
Iāll declare them as usual
. Nobody asked me for an address so far⦠just the total (and resonable change from year to year).
If youāll be declaring everything, whatās the advantage of non-KYC coins? Like, who do not want to know theyāre your coins? A bank or exchange? An unknown third party?
Because it will be harder to go the other way later. If you want to sell non-KYC coins on a regulated exchange, you canāt just claim they were always yours, you may have to prove provenance.
Thatās why 25% and not all. Maybe the time will come that having KYC free coins will be an advantage. Just in caseā¦
Yes. Itās on my list, but in connection with liquid and sending out to Aqua wallet. But I think it doesnāt matter if Liquid or Lightning, maybe fee wise.
Boltz does up to 0.25 BTC in one junk, for 0.5% fee
RoboSats has varying limits and fees, but around the same usually.
Both work reliably in my experience. Test with small amounts first, then increase, per usual ![]()
coinos.io works fine as well, but is custodial, and I wouldnāt abuse it for huge amounts.
Many thanks. I didnāt know about coinos.io.
0.25 BTC would be too big for my gusto⦠I suppose blitz hasnāt any liquidity issues, but anyway. Iād go with varying 0.01 - 0.1 chunks. I have time.
Hm, there must be a way to buy freshly mined BTC with ⦠BTC. Maybe one of the mining as a service platforms? Should be straightforward to check that they are, in fact, new coins.
You can also use Wasabi wallet, which does repeated coinjoin transactions, the UX is quite simple.
Since it does repeated L1 transactions, the fees can add up (you can set limits, of course).
Works fine in low-fee times.
not bad idea⦠I know some miners.
Does wasabi support sub 1 sat fees? That would be now a days a cheap solution. Iāll have to checkā¦
edit. no moreā¦
any tips where to store the history? Whether itās for taxes or selling (havenāt thought of that one), I guess itās a nice to have.
(I understand @stojano is looking for the exact opposite)
your wallet should have all the historyā¦
Mmh, I mean the path from bank account / fiat, to some exchange, to some crypto, to some other crypto, to some other wallet. If thatās the final destination, I only have last hop there.
Edit: thatās what I would expect if I get asked.
It still works AFAIK, but the fee is determined by the CoinJoin coordinator:
They donāt ship with a preconfigured coordinator anymore, to get around the US restrictions. You manually enter a non-US coordinator now, and itās like before.
You are right. I have there deliberately āMut zur Lückeā
.
But I have on all my wallets and all my transactions managed by Sparrow the lables āfrom Krakenā or āfrom Relaiā etc. So probably, I can somehow reconstruct it.
