Hey, I buy all my Bitcoin from Coinbase (mainly for ease of use) and withdraw it straight to my cold storage.
I have always had the thought in the back of my mind, what would happen if Bitcoin became so in demand, the government end up trying to do something like they did with gold and we have to hand it in or convert our Bitcoin back to dollars/pounds/euros?
Having KYC Bitcoin, surely I would be easily identifiable and they just have to knock on my door for my keys. Yes I could hide them or destroy them, but trying to remember 24 words is not something that comes easy to me.
I know they're non KYC options out there but they are not as straightforward for the layman.
Thank you.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments