Do you ever received a request for KYC for a dedicated CRYPTO Wallet?

[Spinat]

I mean, let's say you receive 1 million euro worth in CRYPTO say bitcoins just to make it a general question. Do you think any wallet will ask you to verify your self or is no one caring?

Wallets like Exodus and Blockchain don't ask regardless how much money you receive.

 

[Elve]

did not understand well, what wallet are you talking about? Custodied by you or by an intermediary service such as an exchange?

 

[Bandito]

Lmao

The idea with most crypto currency's is it's P2P, no one should be able to deny you any amount sent to you as long as you hold you're own keys.

 

[Elve]

Yes and that's why I didn't understand blueweb's question well. If one owns their wallet with their own private keys, no one is allowed to ask for anything or KYC or something similar. Also no one should know who owns the adress in question.

Here for example we can see on that adress that there are almost 700 million EUR in BTC Blockchain.com Explorer | BTC | ETH | BCH

Surely no one knows who he is and the owner must have their private keys well hidden.

The problem is when you want to change all that in fiat

 

[Clip]

Some exchanges like Binance doesn't block you receiving funds, but can't ask you KYC for withdrawal. I think only move funds between real wallets that doesn't store your keys