KYC
Corgi Digital Banking & Fintech Infrastructure ETF
stock BATS ETF

bisq is what you want for this, no KYC and you keep the keys from the start. fees are way lower than 7%, more like 1% or so depending on payment method

just need a tiny bit of bitcoin already to make the security deposit when you start buying, kind of annoying but it's how the system works

kudos to you for actually reading the Bitcoin Whitepaper first. That already puts you ahead of 95 percent of people entering the space.
Here is a clear, structured breakdown to answer all your questions:
1: How Wallets Work and How to Stay Low Profile A crypto wallet does not actually store coins inside an app. Your coins always live on the public blockchain ledger. The wallet is simply an interface that stores your private keys (the cryptographic signature that proves you own those coins).
To stay anonymous and avoid KYC (identity verification), you should use open source, non custodial software wallets. You never need an email, phone number, ID, or name to create one:

\- For Bitcoin on desktop: Sparrow Wallet or Electrum.

\- For mobile: BlueWallet or Blockstream Green. When you create the wallet, it will generate a 12 or 24 word recovery phrase. Write this down on physical paper and never type it into any digital device.
2: Buying P2P Without Centralized Platforms If you want to bypass centralized exchanges like Binance and preserve financial privacy under MiCA regulations, you can use decentralized peer to peer platforms:

\- Bisq: An open source desktop application for buying and selling Bitcoin peer to peer using bank transfers or cash without centralized KYC.

\- RoboSats or Peach Bitcoin: Privacy focused peer to peer platforms that use Lightning and multisig escrows to connect buyers and sellers directly. Always start with a very small test amount to get comfortable with how the escrow process works.
3: How Fees and Withdrawing Work True non custodial wallets do not charge commissions or monthly fees to hold your funds. When you send Bitcoin out of your wallet, you only pay the native blockchain network transaction fee to miners who include your transaction in a block. In good wallets like Sparrow or BlueWallet, you can customize this fee depending on how fast you want the transaction confirmed.
4: The Most Important Advice for Beginners:
\- Turn off your Reddit Direct Messages right now. Anyone messaging you privately offering help, wallet links, or customer support is a scammer trying to steal your funds.
\- Always do a small test transaction first when sending or receiving.
\- Never type your recovery phrase into a computer, notes app, cloud drive, or photo gallery.
Take it slow, learn the mechanics step by step, and welcome to self custody!

You can easily shift your existing MF portfolio from ETMoney to Groww without selling anything, just a folio transfer using your PAN and folio numbers. This avoids triggering any capital gains tax and keeps your investments intact. The process usually takes about a week or two, but make sure your KYC and bank details match on both platforms.
About SIFs, Groww generally doesn't need a paid plan like ETMoney does, so it's simpler there. Since you're looking at investing ₹10L lump sum, I'd suggest starting smaller or via SIP to avoid timing risk, and definitely check if the SIF is open for fresh buying. Also, dig into its expense ratio and past returns since these thematic funds can be volatile.
So, port your MFs first to keep things clean, then test the waters with SIF on Groww. Keeps your current investments untouched and lets you explore SIF without extra charges.

What a garbage response when your own logs prove you allowed a russian mule to rapidly and illegally launder my funds within an hour.
Wasn't even advanced laundering methods either.
If you acfually enforced actual AML / KYC standards the funds would be on Kucoin.
How is your plea deal in the USA being honored by Kucoin, my case proves you are still allowing russian and criminal laundering

KYC ISSUES

I may have also listened to this podcast! Did they then talk about if they really wanted to fight model distillation they could implement KYC? However they then argued Anthropic doesn’t want to do this at the cost of growth!

I don't think KYC would fix it here. You have to be able to chase down the middlemen and make them pay when it all turns out to be a huge scam and they try to run off with everyone's money.

They are losing business to Hyperliquid among other exchanges. Basically, it’s a 24/7 centralized exchange with defi connection and no KYC. It got popular and extremely liquid which drew in institutional investors.
If you trade crude oil futures and don’t use Hyperliquid or a competitor you lose money bc they close those futures at 3 pm EST on Friday and don’t open again until Sunday night when they open at the latest crude oil perp price.
NASDAQ doesn’t want all these perps stealing their business which is more expensive fees. XYZ 100 (basically the S&P 100) did $10 billion in volume in the last 30 days. It’s a lot cheaper also and you can choose your leverage up to 30x. It sounds insane but you always have a stop loss & take profit with these & the rule of thumb is the profit should be 2x the stop loss. I get stopped out all the time on 3% drawdowns but when it moves my way I make 25-50% very quickly on 3x-10x leverage. All depends on the product I’m trading. Also, most of the players are using AI to trade & tracking successful wallets trades is a great way to make money.
If it was available in the US (cough VPN with split tunneling & kill switch) and was available on MetaMask & Phantom apps in the US then it will slowly take over a lot of trading.

Palgrin is a Web3 P2P wagering platform that is giving $10 USDC to new members to try it out! 🤝💸
🔥 **The best part?** Absolutely NO KYC REQUIRED.
🛡️ Zero identity verification
⏳ No long checks
🔒 Total privacy
You can register and claim your bonus in under 60 seconds here:
👉 [http://palgrin.com/?ref=10USDC](http://palgrin.com/?ref=10USDC) ⏳

They clearly state that you should only deposit from your own account. The registered name on your Binance account (KYC verification) must exactly match the name on the bank account used for funding.
But of course you can ask them to send crypto to your wallet. I think there aren't that strict rules as from a bank account.

KYC isn’t available to children

I am based in EU and tbh they do offer services outside EU as I went through KYC and security clearance for it. If they don’t accept users outside US they should reject my profile in first place.

How is he supposed to buy USDT at 16yo without KYC on an exchange?

Best way to buy bitcoin (No KYC)

Palgrin is a Web3 P2P wagering platform that is giving $10 USDC to new members to try it out! 🤝💸
🔥 **The best part?** Absolutely NO KYC REQUIRED.
🛡️ Zero identity verification
⏳ No long checks
🔒 Total privacy
You can register and claim your bonus in under 60 seconds here:
👉 [http://palgrin.com/?ref=10USDC](http://palgrin.com/?ref=10USDC) ⏳

Hi, has anybody used Chainflip to swap big amounts above 50k? Is it safe or they can freze your coins with the excuse of KYC/AML docs?

Again, they won't deploy directly on ethereum because they have to be able to correct erroneous transactions and approve users KYC type purposes. "Permissionless" and "immutable" are antithetical to these constraints. In other words, it doesn't matter if eth is the best tech or the most reliable blockchain, they're looking for faster settlement with all the fiduciary, trust based intermediary powers that y'all can't stand

Most the victims tell the police which utxo's got stolen.
5 years later the attacker has used a KYC exchange with a 100 different UTXOs.
20 of those have been reported to the police.
1 person is now connected to 20 UTXOs that was stolen.
Doesn't sound like a smart plan to me.

You're right that smaller chunks have some laundering advantages, they fit under exchange and mixer thresholds and draw less attention per transaction. Where it breaks down is the "harder to prove one entity" part. All those recipient wallets received from the same set of known victim addresses in the same automated sweep, so they're already tied to one actor by their shared source, not by being consolidated later. And the moment you move any of them, the common-input-ownership heuristic links the ones you co-spend, while the behavioral fingerprint (fee policy, timing, the sweep script itself) re-links the rest. That's basically how Galaxy clustered these attacker groups in the first place.
The other catch is operational: 100 recipient wallets means roughly 100 exit points to launder through, each with its own KYC/IP/timing footprint and its own chance to slip. You'd be trading one big laundering problem for a hundred small ones, which isn't obviously easier once you add it all up.

Just so you know why they won't tell you anything: if this was triggered by an anti-money-laundering or KYC issue, they're *legally prohibited* from telling you.
Under the Bank Secrecy Act, when a financial institution files a Suspicious Activity Report (SAR), federal law (31 U.S.C. § 5318(g)) makes it illegal for them — or any employee — to disclose to you that a SAR was filed or even that one might be filed. It's called "tipping off," and the prohibition has no exceptions for the customer asking nicely. Employees can face personal civil and criminal liability for it.
That's why the answer is always the same vague "business decision" and why escalating to a supervisor gets you nowhere. It's not that the rep is being difficult — if the block came from their AML/compliance side, the person on the phone either doesn't know the reason or isn't allowed to say it. "Business decision" is deliberately the answer for *everything*, so the phrase itself doesn't confirm or deny anything.
Doesn't mean you did anything wrong, either. SARs get filed over pattern-matching stuff all the time — wire activity, rapid transfers in/out, third-party deposits, crypto on/off ramps, logins from unusual locations. Most never go anywhere. But the institution will usually just quietly exit the relationship rather than deal with it, and they don't have to explain why.
Practical upshot: don't burn energy trying to get a reason. Get your assets transferred out (they have to let you do that eventually), and expect the closure letter to stay vague.