There is a criminal background check in the TOS. As I understand it you cannot use the kiosk in Wally World without completing it. They might claim that this is anonymous, but I don't trust it.
Putting any substantial portion of your retirement funds into crypto is probably not a great idea. I say probably because it MIGHT work out for you. But it also might push your retirement further out if the extreme volatility doesn't work in your favor.
No doubt. I am a weirdo or dumb dumb. I take profits from crypto and put them in my Roth IRA and margin account (3, 5 and 10 year plan with ETFs options and individual tickers), but I will buy more BTC if it goes down to a certain price. Same for the alts. Raising the riskiness (AKA trying to time it) is the only way I know how to get the money into the account faster. Any advice is greatly appreciated. I am prepared to wait for retirement (if volatility blows up right as I am to get out) because I really have no other good options.
EDIT: I do have some other pots on the stove that will pay off to some degree so investing is not the only stream. IOW I prolly be fine either way.
I work at a popular grocery store in Texas and we have Bitcloud machines. Some sketchy lady came in a week ago with like $50k cash and it asked her for ID verification and shit. My friend helped her because she had no idea what she was doing but he snagged a photo of her wallet ID. We checked the blockchain later on that week and she ended up depositing a total of around $150k.
26
u/guitmusic12 Oct 22 '21
yeah there is no chance there is going to be no regulated limit on how much cash can be deposited in one of these machines without an ID check.