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The original was posted on /r/nanocurrency by /u/TheExposedOne on 2023-08-18 13:36:23.

If you buy Nano from a KYC exchange, the government can track your activity on the blockchain forever thanks to Chainalysis.

This is not me being paranoid or fear mongering. They are a major client of Chainalysis. And the regulatory attack on privacy is real. Look at the EU’s attack on self-custodial wallets. Look at the backlash against AOPP. Look at how some governments forced exchanges to delist Monero. Look at the attack on Tornado Cash and the arrest of a dev.

The goal of this post is to share ways to maintain our right to privacy against surveillance states.

So what I do when going from fiat to crypto is buy a low fee coin like Litecoin from a KYC exchange. Or even better, a low fee privacy coin like Monero. Then send it to a non-KYC exchange to swap for USDT then Nano.

I used to buy Nano on Binance until they made KYC mandatory. I then used OKX but since they also made KYC compulsory this year, the volume has plummeted. I now use DigiFinex, which allows you to do some trading without KYC. I think Huobi does as well.

Nano has no privacy tools yet. So until that day comes, feel free to share other exchanges or methods you use to obtain Nano while maintaining privacy.