I wanted to try paying for Mullvad VPN using a private method (Monero). I created a wallet and went to an exchange (Kraken) to buy some XMR, but they want me to enter all my personal details upon registration. How does this make sense? Is there an exchange where I don’t have to provide personally identifying information?
They are bound by anti money laundering laws (AML) and are required to Know Your Customers (KYC).
https://support.kraken.com/hc/en-us/articles/know-your-customer-kyc-questionnaire
Yes it does compromise privacy because now when the exchange is asked who owns this wallet they have to hand your details to law enforcement.
Exchanges without KYC are getting rarer.
There are ways to get Monero without compromising your identity. I suggest looking or asking here: https://monero.town/c/monero
The exchange will see that you bought Monero. They won’t see how you spent it
I mean, what do you expect?
Use P2P instead
Offer a product/service on XMRBazaar, join the Get Your First XMR matrix room and then once you have at least 0.11XMR you can use Haveno
In America, you “have to” due to government regulation(IRS wants their cut of the tendies).
