Bank blocked Exodus purchase

[Rolltide61]

but since it's already a struggle to get people to stop sending coins from KYC accounts to vendors, one issue at a time.

Hilarious!

 

[dogmom]

I could never get past the verifications for moonpay or whatever exodus uses. I just buy from coinbase and transfer into exodus.

 

[Flash-BCR]

I could never get past the verifications for moonpay or whatever exodus uses. I just buy from coinbase and transfer into exodus.

Same-Same...

 

[J.Ayden]

You should be using a self-custody wallet, not another KYC exchange.

So, the path should be KYC exchange - > Self-custody wallet (single use, or at least dedicated to grey market) - > Vendor.

The reason to do this is to give your KYC exchange legal plausible deniability, and make it more difficult for the feds to credibly accuse you of anything.

When you pay your vendor from your KYC exchange account, they have a permanent immutable record of you doing something that is not fully legal. In the future when political winds change and feds give them a list of accounts that paid a pep vendor, you're done. Remember, the blockchain is forever.

When you go via an in-between self-custody account, if anyone says anything you can just say you sent the crypto to a friend and you're not responsible for how they spent it. Feds now have to prove that you own the self-custody account, and if you don't blab, they can't.

Also, you can easily completely break the link between you and the peps. You buy KYC coins, you swap them to Monero (aka XMR, fully privacy encrypted coin), then swap it for the coin that the vendor wants.

Anyone who looks at this later simply sees your coins going into the void that is XMR, and on the other side, anyone who looks at the vendor's wallet just sees them coming from a void that is XMR. That's what I do, and what everyone should be doing, but since it's already a struggle to get people to stop sending coins from KYC accounts to vendors, one issue at a time.

So is Exodus not a good account to pay vendors from? I got Exodus specifically for grey, I'm not planning on keeping any money in it or having it linked to anything else. The only reason I went with Exodus specifically is because a lot of people on here recommended it, so I'm not like attached to it or anything. I don't even have any coins in it or anything yet.

Monero sounds interesting, I'll look into it more when I get everything else sorted out, because either way it seems like I'll need to get my ID renewed since I'll have to do that to send crypto from Robinhood to whatever I decide on. But don't you still end up using your own wallet to pay in the end? Or are there wallets that are also encrypted/anonymous, or is it just P2P exchanges that can be? Sorry if these are dumb questions, I have a very basic basic understanding of this stuff. And then any time I look deeper into it, I just get even more confused.

Would you recommend the Monero GUI wallet for someone who clearly has no clue what they're doing, or would one of the non custodial wallets like Cake or Stack be easier to navigate/figure out? I'm wondering if I could send crypto from Robinhood to one of the other accounts, exchange it to XMR, then to whatever the vendor wants, and send from there? Or do you just keep hopping from wallet to wallet with each exchange?

Tbh though, if the feds ever came after me, nothing I do with crypto will make a difference. I've been buying from American resellers using my normal debit card for the last three or four years. Obviously I don't want to make it easy for them, but my main reason for trying to figure out crypto (and grey) is mostly to save money and buy bigger vials.

Sorry this post is all over the place lol, I'm reading about Monero as I'm writing all this so I'm adding and editing as I go.