Crypto Payment Processing, does Coinbase Commerce Report to Authorities?

[singp3]

Does Coinbase Commerce, or other well known crypto exchanges that allow to accept payments, report to authorities?

I.e. will problems arise if you do not declare the sales from those platforms? Obviously, if you are not using your real name but no more fancy hiding.

 

[aniglo22]

You could host it yourself :SHKeeper - cryptocurrency gateway payment processor for business, e-commerce.

 

[JackAlabama]

do it yourself and exchange the crypto yourself

https://btcpayserver.org/

 

[JohnLocke]

You want to watch the video and read short article at the below thread
https://www.offshorecorptalk.com/th...about-digital-wallets-gateways-exposed.44726/

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[singp3]

Thanks. I am aware of the self-hosted solutions but interested in non-self hosted solutions.

If a crypto payment gateway does not do any KYC stuff, can the gateway report to authorities? I.e. Coinbase previously (before they changed their systems this year, or CoinPayments, etc)?

Would be great to know whether this is done sometimes or not if they dont have KYC files/ documents on their end. Because if they want, they could investigate deeper and check the website where your API calls coming from, login IP, etc.

 

[JackAlabama]

singp3 said:
Thanks. I am aware of the self-hosted solutions but interested in non-self hosted solutions.

If a crypto payment gateway does not do any KYC stuff, can the gateway report to authorities? I.e. Coinbase previously (before they changed their systems this year, or CoinPayments, etc)?

Would be great to know whether this is done sometimes or not if they dont have KYC files/ documents on their end. Because if they want, they could investigate deeper and check the website where your API calls coming from, login IP, etc.
Click to expand...

yes they can. As they all use the blockchain analytics, a lot of kyc can be done without asking for it specifically.
clownbase especially is known to work with the alphabet soup agencies.

 

[aniglo22]

singp3 said:
Thanks. I am aware of the self-hosted solutions but interested in non-self hosted solutions.

If a crypto payment gateway does not do any KYC stuff, can the gateway report to authorities? I.e. Coinbase previously (before they changed their systems this year, or CoinPayments, etc)?

Would be great to know whether this is done sometimes or not if they dont have KYC files/ documents on their end. Because if they want, they could investigate deeper and check the website where your API calls coming from, login IP, etc.
Click to expand...

All major ones , have aml policies and will hold your funds frozen .

 

[Choosing7269]

singp3 said:
Thanks. I am aware of the self-hosted solutions but interested in non-self hosted solutions.

If a crypto payment gateway does not do any KYC stuff, can the gateway report to authorities? I.e. Coinbase previously (before they changed their systems this year, or CoinPayments, etc)?

Would be great to know whether this is done sometimes or not if they dont have KYC files/ documents on their end. Because if they want, they could investigate deeper and check the website where your API calls coming from, login IP, etc.
Click to expand...

if you're this concerned then try this out : Malum - Payment Processor
No kyc, instant payouts, option for accepting crypto. But fees is on higher side (5%) if you have low volume (<10k)
If you want to register I would be grateful if you use my affiliate link.