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Question about moving funds from cold wallet to CEX

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by COINS NEWS 61 Views

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.

submitted by /u/RandomlyJoined
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