LoKo on Nostr: Depends. How much do you truly care about privacy? Buying USDT on a KYC exchange ...
Depends. How much do you truly care about privacy?
Buying USDT on a KYC exchange means your identity is linked to that purchase. Even if you swap it later on a non-KYC exchange, the original purchase still traces back to you.
Also, USDT is a centralized stablecoin, meaning Tether can freeze addresses if pressured.
If you care about privacy, you’ll pay a premium, but you can buy on various places (depending on location). Alternatively you can use BTC ATMs.
Buying USDT on a KYC exchange means your identity is linked to that purchase. Even if you swap it later on a non-KYC exchange, the original purchase still traces back to you.
Also, USDT is a centralized stablecoin, meaning Tether can freeze addresses if pressured.
If you care about privacy, you’ll pay a premium, but you can buy on various places (depending on location). Alternatively you can use BTC ATMs.