You are not allowed to make any transfers for items that may be prohibited in certain jurisdictions. Additionally you can not act as a monetary exchange or transfer service. Several things can get your account closed. If you are doing anything that can be construed as illegal or outside of financial regulations using their wallets etc, you are going back to be shutdown. Just like a brick and mortar bank is going to oversee the wires and credit card purchases you make with their instruments, but is not going to follow you off site to see where you spend your cash. Use the same logic you would with banks and cash and unless you are engaging in criminal enterprise that would raise the attention of law enforcement you have a very good chance of just being considered a good customer.
Exactly. They don't want the feds in their business driving up costs so they are proactive. Just think of BTC as cash and the exchange as your bank. Technically nothing illegal about the massage girl coming to your home or office to provide services but you still pay cash rather than check. Get your BTC away from the exchanges' wallets where they are forced to monitor you from 10' inside the lines. Move your BTC away from the exchange before you spend it. If you were doing that already and this still happened then tell us, but so far every timethis happens it is because people are using the exchange wallet as their personal wallet which takes away any anonymity so idk why people would do that in the first place.
Thanks for bringing the subject up. Hopefully people are paying attention.
That's how it should be done or to add extra protection transfer it to another wallet opened specifically for that one purchase.
Bread creates a one time address for every transaction. A second wallet hop is probably overkill, but the exchanges monitor at least 3 hops I believe. Using VPN's with different IP addresses for the middle hops is probably not a terrible idea if you are really serious, but honestly he deniability created with a single intermediate hop is enough for small spends since you are no longer using the exchange's infrastructure. Kind of like taking cash out of an ATM versus wiring funds from a bank account. The bank isn't going to spend their resources to trace your cash. The exchange wants your business, they just have to comply with KYC regulations.
