The original post: /r/cryptocurrency by /u/RandomlyJoined on 2024-10-12 22:15:38.

I’ve been buying crypto from a Coinbase then immediately sending the crypto to my cold wallet and letting it sit for a few years. If I converted the crypto to USDC on a DEX first and send the USDC to Kraken or Coinbase to buy BTC (then move it to cold wallet) would it set off any issues? I’ve seen a lot of comments on reddit about frozen accounts, I wouldn’t want this to happen with my hard earned cash.

For those wondering, yes I will be reporting my taxes, I just don’t want to swap my cypto to USDC at the CEX because of the fees.