this post was submitted on 17 Nov 2024

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Will my KYC exchange account get restricted if I sell my crypto on XMR-listing, non-kyc exchange like Trocador for let's say ETH and send it to my KYC exchange account? (discuss.online)

submitted 5 days ago by Brylant@discuss.online to c/monero@monero.town

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I've been reading this post

https://np.reddit.com/r/CryptoCurrency/comments/1embjmc/kraken_restricted_my_account_request_to_see_all/

and been wondering whether some big exchange will be mad at me for using smaller, XMR-listing exchanges to sell XMR and buy ETH instead of directly buying it from them by bank transfer or using a small exchange which doesn't list XMR.

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[–] Wave@monero.town 1 points 5 days ago

Will my KYC exchange account get restricted if I sell my crypto on XMR-listing, non-kyc exchange like Trocador for let's say ETH and send it to my KYC exchange account?

No, you can of course read the terms and conditions, but the simple answer is that the KYC exchange cannot see this at all. The best thing to do is to first send the amount for the sale from your normal wallet to a newly created wallet and from there to the instant exchange after a certain amount of time. So take an intermediate step, an additional new wallet.