IP Reddit Mentions | ChartExchange

Yes, I use NDAX for fiat withdrawals only. Kraken Pro has the edge, as you can lower your trading fees over time. However, with regulated Canadian exchanges, I only transact in USDC. Why? Because the government cannot truly know my profit. I buy USDC on Kraken Pro and send it to an offshore exchange that accepts Canadians (like MEXC, Ourbit, Bitget, KCEX, HTX, and Bitrue) to buy Bitcoin. MEXC, KCEX, and Ourbit are the cheapest for trading and withdrawals. This limits the CRA from knowing my gains. Any profits are converted back to USDC and sent to NDAX for amounts under $3500; for larger amounts, Kraken is cheaper despite the $10 withdrawal fee after the wire transfer, if you max out the e-transfer limit.
The main reason for this workaround is that in 2026 the Crypto-Asset Reporting Framework (CARF) is being implemented and it's a worldwide crypto asset tracking system, especially for the 5 eyes countries. Governments will use chain analysis and other metrics to determine your wallets. They may even go after offshore exchanges if they are in a jurisdiction that signs up for CARF, if not those exchanges aren't required to comply to hand over your transactions to the Canadian government. With CARF they will go back in time and try to tax you on old transactions and old wallets that you send to Canadian regulated centralized exchanges, even a lost wallet from 2012 you try to cash in. So, upfront all regulated Canadian exchanges must send your transactions, profit and losses to the CRA starting in 2026. If they only see USDC, they can only tax whatever profit on that which is basically nothing.
According to CARF, they will use chain analysis to try to link your private wallets to you and the regulated Canadian exchanges you sent to and from. So, I use Bitget Wallet for my stablecoins and Stealth Wallet and Wasabi Wallet (desktop only) for my bitcoins. If you want to increase privacy, you can use Wasabi's CoinJoin to obfuscate your trail. Stealth Wallet is the best wallet for Bitcoin. It supports Taproot addresses, which is a must now; you can generate an unlimited number of new addresses; it is open source and supports Tor to hide your IP address. Wasabi Wallet also does this, but it is desktop only, so you can use them both interchangeably.
It sounds like a hassle, and most won't care now. But once CARF is implemented in multiple nations, they will be tracking wallets and transactions. So, this is the best method I devised to get into the habit of hiding my bitcoins effectively. I'm serious; they will be targeting private wallets in 2026. What you do today, will be hunted for in 2026.
I hope this helps!

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