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Privacy Question: Lightning Network and KYC processes on Kraken
1482 sats \ 4 comments \ @0252c570e23 4 Feb 2024 lightning

Hello,

I am still a beginner and I am trying to be careful about my privacy.

Here is my situation : in April 2023, I bought some BTC on Kraken after completing the KYC process. In early 2024, I decided to withdraw them, transferring the BTC from Kraken to my Lightning wallet, and then sending some of the funds from my Lightning wallet to my on-chain wallet.

So, I'm wondering if, due to the KYC process I completed on Kraken, a link between me and the address of my on-chain wallet could be established.

(I believe it's not possible, but I'm not sure.)

I hope I have explained my situation clearly.

Thank you in advance

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350 sats \ 0 replies \ @TonyGiorgio 4 Feb 2024
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100 sats \ 2 replies \ @RocketNode 4 Feb 2024

Depends on how you swapped lightning to BTC. Did you use your own node to withdraw or custodial? If your own, assume Kraken can now associate every on-chain tx your node does as you.

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0 sats \ 1 reply \ @0252c570e23 OP 4 Feb 2024

I use Phoenix as my Lightning wallet, so their node, and I used their system to swap my BTC.

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0 sats \ 0 replies \ @RocketNode 4 Feb 2024
I use Phoenix as my Lightning wallet, so their node, and I used their system to swap my BTC.

Probably fine. May be better to use another service to swap if fees are similar.

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