The original post: /r/mullvadvpn by /u/MineResponsible9744 on 2024-12-25 09:13:40.
I’m new to Monero, from a post titled “does KYC matter?” on the monero subreddit, the top comment explained that:
"When you withdraw XMR from an exchange, that’s like withdrawing cash at a bank. They do not know know what happened with that cash afterwards.
However there remains a permanent record on your name, that you at some point in time did own Monero. It’s probably nothing, but in case your government becomes super-tyrannical and starts rounding up people with crypto, or the exchange gets hacked and your name and the amount you withdrew become doxxed, then things can take a turn for the worse."
I read other comments on here mentioning to use changenow, simpleswap, cake wallet, haveno, or peer to peer markets like bisq, but I am still not familiar with those services.
I am aware that purchasing XMR on a CEX would leave a permanent record of owning XMR, which is not ideal, but for purchasing mullvadvpn and maintaining the highest level of privacy, does it matter if I purchase mullvadvpn with XMR withdrawn from the CEX, or first withdraw the XMR from the CEX into a wallet, then purchase mullvadvpn?
Any help or explanations are much appreciated, thank you