Travel rule & kissing the ring
Does not apply to exchanges sending to plebs holding their own keys .. so exchanges will ask you to confirm you hold those keys
Confirmation is as simple as an attestation, but some exchanges will want to over-comply and talk about white-listing your addresses, or requesting you to sign messages
Smarter exchanges will implement support for Silent Payments so they *and their customers* have less friction and improved privacy. Less friction because as a customer you only have to provide your SP address once, and every withdrawal comes into a discrete address in your wallet; that means ongoing use continues to validate your attestation.
Better privacy .. because that's what Silent Payments is all about .. re-usable addresses that preserve privacy. If you're curious and want to learn more
1. Go play with the new version of Sparrow Wallet on your desktop, or Cake wallet on your mobile; learn through doing!
2. Go dig into the explanation of how this works at
https://bitcoin.design/guide/how-it-works/silent-payments/.. or both!
And then go ask your exchange when they're deploying support for your Silent Payments address!
If you’re wondering what Silent
