Assuming you're in north america, there is no privacy respecting traditional bank. Use cash or monero if you want to hide your transactions
I am not well versed in crypto but when I tried to setup an account at many coin exchanges they wanted my govt id to track transactions due to Canada's KYC laws. Is there a way around this ?
Monero
Exactly. Monero, cash and precious metals are the only private payment methods, but Monero is the only one that works over the internet.
Currently the only 100% option.
If/when privacy.com ever expands beyond the USA that'll be a significant improvement.
EU has regulatory requirements that banks need to satisfy if they want to operate there. Look into KYC requirements and what data they need to store about money transfers if you want to know what data banks absolutely have to collect.
Cash, monero, prepaid visa cards.
Ok, so why is cash not a good idea?
monero. shielded zcash is also an option.
All banks and bank-like institutions you might have access to will comply with the same anti money-laundering and know-your-customer regulations. It's not really up to the individual bank to decide.
The "Swiss bank account" is largely a thing of the past, as they are forced into data-sharing agreements with the United States and possibly others. And even so, you need to be a Swiss national to qualify for a bank account there.
You can use cash as much as possible when it's an option, of course. It's less convenient, but privacy often is.
Noob question: do you think that banks sell info regarding your/our transactions to third party?
Many do, or at least did a few years ago.
do you have more info (articles) related to that? Just curios
What's the drama over using crypto? (Not about OP specifically). I can donate crypto to Lemmy because they don't see a drama, but other apps want my credit details. Honestly, I would rather take the crypto option than trust every business with my credit details.
Privacy Guides
In the digital age, protecting your personal information might seem like an impossible task. We’re here to help.
This is a community for sharing news about privacy, posting information about cool privacy tools and services, and getting advice about your privacy journey.
You can subscribe to this community from any Kbin or Lemmy instance:
Check out our website at privacyguides.org before asking your questions here. We've tried answering the common questions and recommendations there!
Want to get involved? The website is open-source on GitHub, and your help would be appreciated!
This community is the "official" Privacy Guides community on Lemmy, which can be verified here. Other "Privacy Guides" communities on other Lemmy servers are not moderated by this team or associated with the website.
Moderation Rules:
- We prefer posting about open-source software whenever possible.
- This is not the place for self-promotion if you are not listed on privacyguides.org. If you want to be listed, make a suggestion on our forum first.
- No soliciting engagement: Don't ask for upvotes, follows, etc.
- Surveys, Fundraising, and Petitions must be pre-approved by the mod team.
- Be civil, no violence, hate speech. Assume people here are posting in good faith.
- Don't repost topics which have already been covered here.
- News posts must be related to privacy and security, and your post title must match the article headline exactly. Do not editorialize titles, you can post your opinions in the post body or a comment.
- Memes/images/video posts that could be summarized as text explanations should not be posted. Infographics and conference talks from reputable sources are acceptable.
- No help vampires: This is not a tech support subreddit, don't abuse our community's willingness to help. Questions related to privacy, security or privacy/security related software and their configurations are acceptable.
- No misinformation: Extraordinary claims must be matched with evidence.
- Do not post about VPNs or cryptocurrencies which are not listed on privacyguides.org. See Rule 2 for info on adding new recommendations to the website.
- General guides or software lists are not permitted. Original sources and research about specific topics are allowed as long as they are high quality and factual. We are not providing a platform for poorly-vetted, out-of-date or conflicting recommendations.
Additional Resources:
- EFF: Surveillance Self-Defense
- Consumer Reports Security Planner
- Jonah Aragon (YouTube)
- r/Privacy
- Big Ass Data Broker Opt-Out List