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It doesn't matter if Monero is used with KYC - transactions are obfuscated.

That means the transactions can't be traced to your KYC wallet on Kraken, meaning you're spending 10% on an ATM for no reason.

discuss

McAtNite|4 years ago

Monero itself is not KYC, sorry if I worded that poorly above.

The transactions to and from Kraken can definitely be tracked since they would have a record of the actual wallet address you sent your funds to. As for things that happen after that money hits your wallet - you’re right they wouldn’t be able to track it.

I checked the Monero subreddit just to see if my understanding of it tracked with what people who actually own it say and it looks like they agree that transferring from a KYC exchange does allow tracking for transactions coming out or into the exchange.

https://reddit.com/r/Monero/comments/ppcusq/moving_funds_bet...

minsc__and__boo|4 years ago

I didn't say Monero is KYC.

I also didn't say you transfer directly into Kraken. Instead, you would use at least 1 or 2 other wallets before transferring into Kraken, because that bypasses their scanning.

Kraken is still cheaper while doing that than paying a 10% fee for an ATM.