I have a business that has cash reserves I wish to store in crypto.
My bank closes down accounts if it perceives as risky and I am concerned transferring funds to crypto company could lead my bank to close the account. Although they would send me the remaining closed funds, if I try to deposit them it could result in the new account getting closed too, look at bitchute as example.
I wanted to try to send to an intermediary to avoid this, something like Wise, but now I've read more here about Wise and it's a Pay-Pal-type-scam. I could try to use an exchange, but I am never off VPN and I rarely stay in one place. I think they wouldn't approve me.
I would prefer to buy XMR directly because if I buy BTC and convert to XMR, that would be a taxable event. I would prefer XMR because if BTC I purchase is ever sold and then used in something the government doesn't like, I don't want an investigator who did blockchain analysis asking me questions.
My bank closes down accounts if it perceives as risky and I am concerned transferring funds to crypto company could lead my bank to close the account. Although they would send me the remaining closed funds, if I try to deposit them it could result in the new account getting closed too, look at bitchute as example.
I wanted to try to send to an intermediary to avoid this, something like Wise, but now I've read more here about Wise and it's a Pay-Pal-type-scam. I could try to use an exchange, but I am never off VPN and I rarely stay in one place. I think they wouldn't approve me.
I would prefer to buy XMR directly because if I buy BTC and convert to XMR, that would be a taxable event. I would prefer XMR because if BTC I purchase is ever sold and then used in something the government doesn't like, I don't want an investigator who did blockchain analysis asking me questions.
