OK centralized exchanges and chainanalysis know that I own monero ?
Then what ? How is it bad ? They still can’t figure out what I’m doing with it. The maximum they could ever tell is that I am spending some.
They couldn’t tell in what amounts and to whom.
small detail, centralised exchanges know how much monero went through them. for that particular account. If you KYC’d there, they know how much monero YOU bought or sold on their platform
sorry for the late reply but yes, in a decentralised exchange you are revealing your info to an other peer, rather than to a centralised exchange (or subphoneable entity), that makes a huge difference
OK centralized exchanges and chainanalysis know that I own monero ?
Then what ? How is it bad ? They still can’t figure out what I’m doing with it. The maximum they could ever tell is that I am spending some. They couldn’t tell in what amounts and to whom.
My privacy isn’t affected in any way.
In a dystopian world, just owning XMR will soon become grounds for a criminal investigation leading to harassment.
small detail, centralised exchanges know how much monero went through them. for that particular account. If you KYC’d there, they know how much monero YOU bought or sold on their platform
isn’t it better to use Decentralized exchanges or instant exchange services for Monero transactions in this case?
sorry for the late reply but yes, in a decentralised exchange you are revealing your info to an other peer, rather than to a centralised exchange (or subphoneable entity), that makes a huge difference