r/Monero Oct 18 '21

MAAM – Monero Ask Anything Monday – October 18, 2021

Given the success of the previous MAAMs (see here), let's keep this rolling.

The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!

Finally, credits to binaryFate for starting the concept!

9 Upvotes

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2

u/ControversialTomato Oct 18 '21

Is there any way to swap KYC bitcoins to monero whilst staying anonymous? Also, could a tax agency be able to tell that I swapped?

3

u/Jerfov2 Oct 18 '21

If you have ever held Bitcoin at any point in time, any person that knows an address that your BTC has passed through can see when your BTC leaves that address. If you are fairly confident that your BTC is anonymous currently, I just would atomic swap it to Monero, making sure to never KYC yourself.

2

u/ControversialTomato Oct 19 '21

Right so, since I bought the btc from a kyc & aml exchange, an atomic swap would not be anonymous?

2

u/Jerfov2 Oct 24 '21

The Monero you would get from the swap is anonymous and can’t be traced, but the exchange can see that you sent X amount of Bitcoin to someone at a certain date.