NinRick said:
Fuchs said:
NinRick said:
1) create an account on a platform that sells Bitcoins, like Binance.
2) send money from your bankaccount to your Binance-Account
3) Buy BTC
4) send some BTC to the ToZ and keep some for yourself
5) hodl. =P
BitCoin will most likely rise, so you will most likely also benefit from getting into it.
Better use Monero (XRM) BTC is traceabel with KYC it´s also linked on ToZ donation site:
https://www.satanisgod.org/www.angelfire.com/empire/serpentis666/Donate.html
https://odysee.com/@cryptodefirevolution:1/what-is-monero-(xmr)-monero-xmr:8
Well, I already have some BTC assets so I just send btc =P
Sending via KYC² bought BTC from a KYC registered wallet, is like giving them your adress/name etc, not good. BTC blockchain is puplic.
Buy Monero XRM, it´s should be totaly private even if boaght via KYC.
Here some info about XMR (Monero):
"What is Monero?
Monero (XMR) is the top privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions are remain 100% unlinkable and untraceable. In an increasingly transparent world, you can see why something like Monero can become so desirable.
Origins of Monero
In July of 2012, Bytecoin, the first real life implementation of CryptoNote, was launched. While Bytecoin had promise, people noticed that 80% of the coins were already published. So, it was decided that the bytecoin blockchain will be forked and the new coins in the new chain will be called Bitmonero, which is was then renamed Monero, meaning “coin” in Esperanto language. In this new blockchain, a block will be mined and added every two minutes.
Why Monero?
#1: Unlinkability - Your identity is completely private
You have complete control over your transactions. You are responsible for your money. Because your identity is private no one will be able to see what you are spending your money on. When you send funds to someone’s public address, what happens is that you actually send the funds to a randomly created brand new one-time destination address.
This means that the public record does not contain any mention that funds were received to the recipient’s public address. In Monero, your public address will never appear in the public record of transactions. Instead, a 'stealth address' is recorded in a way that only you, the recipient, can recognize the incoming funds.
#2: Fungibility
Fungibility is interchangeability between one asset and another asset of the same type.
Suppose you borrowed $50 from your friend, you can even return the money in the form of 1 $50 bill or 5 $10 bill, It is still fine. This shows that the dollar has fungible properties. However, if you were to borrow someone’s car for the weekend and come back and give them some other car in return, then that person will probably punch on the face. Cars, in this example, are a nonfungible asset." https://www.coingecko.com/de/munze/monero
²"Know Your Customer KYC Advisory Overview
Know Your Customer or KYC program in the United States obligates financial institutions to develop a Customer Identification Program or CIP to confirm the identity of customers or potential customers who intend to perform financial transactions with the institution. The Know Your Customer program, which was created pursuant to the US Patriot Act, is a financial regulation that targets financial institutions and financiers who do business internationally.
The Customer Identification Program, which is more widely known as Know Your Customer, mandates that financial institutions develop a CIP appropriate for the size and nature of the firm’s business.
Know Your Customer requires trade finance providers to incorporate a continuing Customer Identification Program into the firm’s Anti-Money Laundering (AML) compliance program.
The CIP enacted by a firm must sufficiently enable the formation of a reasonable belief that it knows the true identity of its clients and customers. The CIP must include procedures that specify the identifying information the firm will obtain from each customer. It must also include reasonable and practical risk-based procedures for verifying the identity of each customer."
https://globaltradefunding.com/advisory-services/know-your-customer-kyc/