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UK crypto casinos with no KYC: licensing and payments

Updated October 2026
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Explore no-KYC claims, Bitcoin Cash payments and licensing; the Gambling Act 2005 applies in England, Wales and Scotland.

Understand how UK licensing differs from simply accepting British players, and what to check about crypto payments and account verification.

What “UK Crypto Casino” Means Under UK Gambling Rules

A casino described as “UK” may simply accept customers who live in the United Kingdom. That does not mean it is licensed to offer gambling here. For you, the important distinction is whether the operator holds the relevant licence from the UK Gambling Commission, not the wording on its website or the currency it accepts.

The Commission regulates commercial gambling offered to consumers in Great Britain, including remote casino gambling. Its reach does not depend on where a company keeps its servers or other key equipment. It is the sole regulator for commercial gambling in Great Britain, and it issues operating licences to businesses as well as personal licences to individuals working in the sector. The Gambling Act 2005 applies in England, Wales and Scotland; Northern Ireland has a separate legal framework.

Under the British licensing system, an operator selling real-money gambling to customers in Great Britain must hold a Gambling Commission licence. A casino that serves British customers without one is outside that regulatory system. It may be available to visit from the UK, but accessibility is not evidence that it is authorised to offer gambling here.

There is a further complication for anyone looking for a crypto casino. UK-licensed operators are prohibited from accepting cryptocurrency. No UK-licensed casino can therefore accept Bitcoin Cash as a direct payment method. A site promoting itself as a UK crypto casino is not a UK-licensed casino merely because it accepts UK customers or displays prices in pounds. If it accepts cryptocurrency, you should not assume it holds a Commission licence.

That distinction matters because the UKGC regulatory safety net applies to licensed operators, not to offshore casinos. UKGC licensees must provide an internal complaints process and access to an approved Alternative Dispute Resolution service. If you use an offshore casino, you do not have access to UKGC dispute resolution or an approved ADR route for a disagreement with that operator. You also do not get GamStop integration. A site’s own customer-service process is not a substitute for those protections.

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Licensed casinos must provide responsible gambling tools, including self-exclusion. They must also verify a customer’s age before allowing a deposit. Remote operators must prompt new customers to set a financial limit before their first deposit and provide accessible account-level limit controls. Those requirements are part of the licensed framework; you should not expect an offshore casino to provide the same UKGC protections simply because its website is available in Britain.

If you are considering a UK-licensed gambling service, check the operator’s licence number on the Commission’s public register before depositing. The register can help you establish whether a business is licensed; a logo or claim on a casino’s own page is not the same check. Because licensed operators cannot accept cryptocurrency, this check will not turn a crypto-accepting offshore site into a UK-licensed one. It is a way to verify the operator’s status, not a guarantee about every aspect of your experience.

The legal position for players is different from the operator’s duties. The UK does not criminalise an individual simply for gambling with an offshore operator. That does not make an offshore casino legal to offer gambling to people in Great Britain without the required licence, and it does not give you the protections that come with a UKGC-licensed service. Put plainly, you may not be committing a crime by playing, but you are choosing a service outside the UKGC regulatory safety net.

This is why labels such as “safe crypto casino UK” need care. They can suggest a level of local oversight that the operator does not have. A crypto casino may accept British customers while remaining offshore and unlicensed here. Its use of cryptocurrency does not change the licensing rules, and a claim that it is “UK-facing” does not establish that the Commission regulates it.

For a player, the practical question is not only whether a site will let you open an account or accept a payment. It is also what happens if the operator refuses a withdrawal, closes an account or handles a complaint in a way you dispute. At an offshore casino, you cannot take that complaint through UKGC dispute resolution or an approved ADR service, and the operator will not be connected to GamStop. Those are meaningful limits, even though playing offshore is not itself criminalised.

Regulatory Risk

Using an offshore casino means you forfeit access to the UKGC regulatory safety net, including approved dispute resolution services and GamStop integration.

So “UK crypto casino” is best understood as a description of a site’s intended audience or payment option, not proof of UK licensing. A UK-licensed casino and an offshore casino accepting crypto operate under different rules and offer different protections. If the site accepts cryptocurrency, do not infer that it is licensed in Great Britain; establish its status before you decide whether the remaining risks are acceptable to you.

How Bitcoin Cash Deposits and Withdrawals Work

A Bitcoin Cash payment follows a wallet-to-wallet route. At an offshore casino that accepts BCH, you select Bitcoin Cash in the cashier, receive a deposit address and send funds to it from a wallet that holds BCH. The casino credits the account after the payment is detected and its required network confirmation has arrived. This is different from paying by bank card: the transfer is recorded on the BCH network rather than handled by a card provider.

Before sending, check that the selected currency and network match the address shown by the casino. A BCH transfer sent through a different network, or to an incorrect address, may not reach your account. Use the casino’s own cashier instructions and review the displayed address carefully; do not rely on an old address saved from an earlier payment. If a deposit does not appear, keep the transaction reference and contact the operator through its support channel rather than sending a second payment immediately.

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A specialist review reports that BCH casino deposits are generally credited after one on-chain confirmation, which it puts at around 10 minutes. That is a reported process, not a guaranteed arrival time: the network and the operator’s own crediting system both affect when the balance appears. The casino may show a pending status while it waits for confirmation. A transaction being visible in a wallet does not, by itself, mean the casino has credited it.

Withdrawals reverse the direction of the transfer, but they are not simply an instant refund. You request a payout through the cashier, specify the amount and provide a BCH wallet address. The operator processes the request and, once it releases the payment, the transaction is sent to the network. Check the address character by character before confirming. If the casino requires a particular address format or additional steps, follow its instructions; the details can differ between operators.

A specialist review reports that some casinos send larger withdrawals to a “management review” queue before releasing them. In the cases it describes, the threshold ranges from the equivalent of 0.5 BCH to 2 BCH. This is an operator-side check, so a payment may remain pending even when the casino has received your request. The threshold and handling rules are not uniform across sites. Read the cashier terms before depositing, especially if you expect to withdraw a substantial balance, and ask support how the site handles a review before relying on a particular payout schedule.

Keep a record of the deposit or withdrawal request and its transaction reference. If a transfer is delayed, those details help support staff identify whether the payment is waiting for network confirmation, operator processing or a review. Avoid making repeated requests while one is still pending unless the operator explains that a new request is needed.

Bitcoin Cash Deposit

Select Currency

Choose Bitcoin Cash in the casino cashier to receive a specific deposit address.

Transfer Funds

Send BCH from your wallet to the provided address, ensuring the network matches.

Wait for Confirmation

Wait for the required network confirmation (typically around 10 minutes) for the balance to be credited.

There is an important UK distinction behind these mechanics. No casino on the UK Gambling Commission’s public register currently lists Bitcoin Cash as a direct deposit method, and UK-licensed casinos cannot accept cryptocurrency. A site taking BCH is therefore not a UK-licensed casino, even if it accepts customers in Britain. Offshore play is not itself a criminal offence for you, but it leaves you without the UKGC regulatory safety net, UKGC dispute resolution or access to an approved alternative dispute resolution service. Such a site is also not part of GAMSTOP. These protections do not change according to whether a deposit is credited quickly.

The steps may look straightforward, but the operator controls account crediting and payout approval. Treat the cashier’s confirmation as a record of the request, not a promise that funds have already reached your wallet.

Creating an Online Account Without Traditional KYC

An offshore casino that accepts Bitcoin Cash may ask for less information when you register than a UK-licensed gambling site would. A specialist review reports that many such sites let you create an account with an email address and password, without completing traditional know-your-customer checks at signup. Treat that as a description of the sites covered by the review, not a promise that every operator follows the same process.

The practical appeal is clear: you may be able to open an account without submitting identity documents straight away. But “no KYC” does not necessarily mean no checks at any point. An operator can ask for more information later, and the details requested may depend on its own rules or what prompts a review. Read the registration and account terms before depositing, and do not assume that an account created with minimal details will remain unrestricted.

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Age verification is a separate matter. Gambling operators must verify a customer’s age before allowing them to deposit funds into a gambling account. A short signup form is not proof that this requirement has been met, nor should you treat the absence of an immediate document request as confirmation that an account is ready for deposits.

There is also a distinction between the information you give the casino and the information visible through a payment. Registering with an email address rather than your full details does not make a Bitcoin Cash payment anonymous. Every BCH transaction is recorded on a public blockchain. Chain analysis firms can often trace a deposit back to a known exchange, where an account may be linked to an identity. The casino may therefore have little information from your initial form while the payment still leaves a traceable record.

This matters if you are comparing an online crypto casino in the UK market with a conventional account-based service. The signup screen tells you what the operator asks you to provide at that moment; it does not tell you everything about the identity checks that may follow, or make the transaction private. Avoid entering false details to get around a request. If the operator later asks you to verify your identity, inaccurate registration information can make resolving an account issue more difficult.

A no-KYC label also does not change the site’s regulatory position. An offshore casino is outside the UK Gambling Commission system, so you do not have the UKGC regulatory safety net. You will not have access to UKGC dispute resolution or an approved alternative dispute resolution service, and the site will not have GamStop integration. Playing offshore is not itself criminalised for individuals in the UK, but that does not provide the protections available when using a UK-licensed operator.

Do

Don’t

Before sharing any personal information, consider what the site is asking for and whether you are comfortable with its terms. A minimal registration form may reduce what you hand over at the outset, but it cannot establish that the operator will never request further details. Nor does it erase the public record of a BCH payment. Those are separate questions: what the casino knows about your account, and what can potentially be inferred from the transaction trail.

If a site’s sign-up process seems simple, take time to understand its verification rules before you commit funds. The key point is not whether the form asks for documents on the first screen. It is that limited checks at registration do not guarantee lasting anonymity, privacy, or the protections of a UK-licensed casino.

Web3 Casino Claims and Offshore Licensing

“Web3 casino” describes how a platform presents its technology or services; it is not a gambling licence. A site may use blockchain tools, accept cryptocurrency or promote decentralised features, but those details do not determine whether it is authorised to offer gambling to people in Great Britain. The relevant question is whether its operator holds the required UK Gambling Commission licence.

The distinction matters for anyone comparing crypto casino sites in the UK. Operators offering remote gambling to customers in Great Britain must hold a Commission licence, regardless of where their equipment or business is based. A licence issued offshore does not replace that requirement. A Web3 label does not either.

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UK-licensed operators are prohibited from accepting cryptocurrency. So a site offering crypto gambling should not be treated as a UK-licensed casino simply because it is accessible from the UK, displays a licensing badge or describes itself as decentralised. A specialist review of a particular group of casinos has described those operators as holding Curacao or similar offshore licences. That is a report about the operators covered by that review, not proof that every crypto casino has the same licence or status.

What a licence can establish

A licence is relevant only when you know who issued it and which operator it covers. An offshore licence may indicate that an operator has obtained permission under another jurisdiction’s rules, but it does not show that the operator is authorised by the UK Gambling Commission to serve Great Britain. The regulator’s public register is the place to check whether a business holds a UK operating licence. Match the operator’s identity and licence details against the register rather than relying on a logo or a general claim of being “licensed”.

The word “licensed” on its own is therefore incomplete. It does not tell you that UK rules apply, or that UK protections are available. Equally, a blockchain feature does not make a casino ownerless for gambling-regulation purposes: the question is still which business offers the service and whether it has the required authorisation.

What Web3 does not change

Labels such as “decentralised”, “on-chain” and “crypto-native” can refer to different features of a platform. None changes the UK licensing test. If an operator offers remote gambling to people in Great Britain, the location of its key equipment and its chosen technology do not remove the requirement for a UK Gambling Commission licence. Nor does the use of Bitcoin Cash or another cryptocurrency create an exception to the prohibition on licensed operators accepting crypto.

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That means a casino with crypto deposits and a Web3 interface should not be presented as a UK-licensed option unless its operator appears on the Commission’s register with the relevant licence. A list or review that calls a site a UK crypto casino may be using “UK” to describe its intended audience or accessibility, not its regulatory status. Read those descriptions carefully; they are not substitutes for checking the operator.

If you use an offshore casino, you do not have the UKGC regulatory safety net, access to UKGC dispute resolution or an approved alternative dispute resolution route. The site will not be integrated with GAMSTOP either. Those are practical differences in protection, not technical details that a Web3 claim can reverse. The choice of platform remains yours, but its terminology should not lead you to expect UK oversight where there is none.

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Bonus Terms at Bitcoin Cash Casinos

A crypto casino welcome bonus can look generous on its headline percentage, but the wagering requirement determines how much play is needed before bonus funds—or winnings linked to them—can be withdrawn. The offers described for Bitcoin Cash casinos are offshore promotions, not UKGC-licensed offers. A specialist casino review places deposit matches in the 100%–200% range and wagering requirements at 20x–50x the bonus amount. Treat those figures as the review’s description of offers it examined, not a promise that every casino will offer the same terms.

Read the wording closely before accepting. A match bonus may require you to deposit first, and the wagering may apply to the bonus rather than your deposit. The casino’s terms should explain what counts towards wagering, which games qualify and whether any cashout conditions apply. If those points are unclear, the headline offer alone is not enough to judge what you would need to do to withdraw.

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A “no wagering” label also needs careful reading. It may describe one part of an offer rather than remove every condition attached to it. Check the full terms for withdrawal rules, eligibility and any maximum cashout. Do not assume that a bonus is unrestricted simply because the wording sounds simple.

No-deposit offers

A crypto casino no-deposit bonus does not require an initial deposit to claim, but that does not necessarily make it easy to turn into withdrawable funds. A specialist review characterises no-deposit offers at BCH casinos as less common than at traditional UK sites. When such offers appear, the review says they tend to carry high wagering requirements and a low maximum cashout.

That maximum can matter more than the bonus amount: even if play produces a larger balance, the terms may limit what can be withdrawn. Check whether a deposit is required before cashout and whether the offer is restricted to particular games. The same care applies to a crypto slots no-deposit offer; the label does not establish that slot play is eligible or that winnings can be withdrawn without conditions.

The UKGC rule is different

For promotions offered by UKGC-licensed operators, the Commission’s wagering cap took effect on 19 December 2025 and sets a maximum of 10x. A specialist review reports this change; it is a rule for licensed operators, not a standard that offshore casinos must follow. The deposit-match and wagering figures reported for offshore BCH offers should therefore not be compared as though the same protections apply.

A casino accepting Bitcoin Cash without a UKGC licence is outside that regulatory system. Its bonus terms are not made safer or more favourable by using crypto, and the UKGC cap does not turn an offshore promotion into a licensed one. You also do not have the UKGC complaints route or access to approved alternative dispute resolution for a dispute with an offshore casino, and it will not provide GamStop integration.

Attention: Offshore crypto bonuses often carry high wagering requirements (20x–50x) and low maximum cashouts that differ significantly from UKGC-licensed standards.

Before opting in, read the promotion’s full conditions and consider whether the required play and cashout restrictions suit you. If you cannot find clear terms, it is safer not to treat the bonus as money you can withdraw.

Bitcoin Cash Payments, Transaction Costs and Payout Timing

Bitcoin Cash can be less costly and quicker to transfer than Bitcoin, but a casino payout has more than one stage. The blockchain handles the transfer; the operator first has to approve and send the withdrawal. A faster BCH network does not, by itself, tell you how long that operator’s review will take.

BCH’s block size limit is 32MB, and that capacity is one reason BCH transactions are usually faster and cheaper than Bitcoin transactions. This is a comparison, not a promise that every transfer will be immediate or cost the same. A transaction fee paid to move funds on-chain is also separate from any casino rules or processing time. Check the amount and status shown for your own transaction rather than assuming that Bitcoin and BCH will behave identically.

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For cashouts, a specialist review reported that BC.Game and Stake processed BCH withdrawal requests within 10 minutes, often in under five. Treat that as a report about those operators, not a guaranteed service level or a prediction for your next request. The operator’s handling of a withdrawal and the blockchain transfer are separate parts of the process, so a reported cashout time should not be read as a universal BCH confirmation time.

The practical comparison is therefore not simply “BCH is faster than Bitcoin.” Network speed and cost matter, but they do not settle how quickly an operator will release a withdrawal. If you are comparing a Bitcoin and crypto casino, look at the specific payment method offered and the operator’s stated withdrawal conditions. Do not rely on a broad claim about crypto speed as evidence that a particular casino will pay promptly.

There is also an important limit to the reported timings: BC.Game and Stake operate outside the UKGC system for this type of play. Offshore casino players do not have the UKGC regulatory safety net, access to UKGC dispute resolution or an approved alternative dispute resolution route, and these sites do not integrate with GamStop. A quick reported payout does not replace those protections. If a withdrawal is delayed or disputed, you cannot use the UKGC complaints route for an offshore operator.

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Keep the comparison grounded in what each figure actually describes. The BCH-versus-Bitcoin comparison concerns typical transaction cost and speed; the reported times concern cashout processing at named operators. Neither establishes that one casino is the best choice, and neither removes the need to consider the risks of playing offshore.

What No-KYC Really Means for You

“No-KYC” describes a signup or account-check process, not a guarantee that you can gamble without being identified. A specialist review reports that many offshore Bitcoin Cash casinos let customers register with an email address and password, without the traditional checks at signup. That may reduce the information requested at that point, but the operator can still ask for identity documents later, and its own terms determine when it may do so.

It also does not make your payments anonymous. Bitcoin Cash transactions are recorded on a public blockchain. Chain analysis firms can often connect a casino deposit to a known exchange, particularly when the funds have passed through an account linked to your identity. Using a different wallet does not erase the transaction history or guarantee that the path cannot be followed.

The more important limit is what you give up by choosing an offshore casino. A site accepting Bitcoin Cash without a UK Gambling Commission licence is outside the UKGC regulatory system. You therefore do not have the UKGC regulatory safety net: there is no UKGC complaints route or access to an approved alternative dispute resolution service if a dispute with the operator remains unresolved. A site without a Commission licence is also not part of GAMSTOP, so registering with that scheme will not block your access to it.

Playing at an offshore casino is not itself a criminal offence for you in the UK. That does not make the operator authorised to serve British customers, or give you the protections available when gambling with a UK-licensed operator. Keep those points separate: the absence of criminal liability for the player is not the same as having a regulator to turn to if a withdrawal, account decision or complaint becomes difficult.

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So, if you are considering a casino described as anonymous or no-KYC, treat those labels as claims about its account process, not as proof of privacy or protection. Before depositing, consider whether you would be comfortable having limited recourse if the operator restricts your account, and whether you can accept that your blockchain transactions may be traceable. Minimal checks can change what is asked at registration; they do not change the site’s regulatory status, add UKGC dispute resolution or provide GamStop integration.

Cryptocurrency Gambling Winnings and UK Tax

For UK tax purposes, gambling winnings are generally treated differently from investment returns. The stated position is that winnings from gambling are not subject to income tax or capital gains tax, whether you played with pounds or cryptocurrency. The currency used at the casino does not, by itself, change that treatment.

Bitcoin Cash winnings can raise a separate question when you later convert them into pounds. Here, the available guidance is not consistent: one account says gambling winnings are outside both income tax and capital gains tax regardless of currency, while another distinguishes the later conversion of BCH winnings to GBP and says a gain from that conversion may be subject to capital gains tax. These positions should not be presented as if they agree.

The practical distinction is between receiving a gambling payout and subsequently exchanging cryptocurrency. A payout in BCH is still a gambling win; converting that BCH into pounds is a separate transaction that may have tax implications under the latter interpretation. This does not mean that every conversion automatically creates a tax bill. The treatment depends on whether a taxable gain arises, and the stated guidance does not settle how that would apply to an individual case.

Keep records that make the sequence clear: the gambling payout, the amount of BCH received, and any later conversion to GBP. Records can help you explain which part came from gambling and which part arose after you held the cryptocurrency. Do not assume that the general treatment of gambling winnings answers the separate question about converting BCH.

Tax Records

Keep clear records of the gambling payout, the amount of BCH received, and any subsequent conversion to GBP to distinguish gambling wins from potential capital gains.

If you use a cryptocurrency casino in the UK, avoid treating a tax summary as personal advice. The disagreement matters most if you retain winnings in BCH and later exchange them, rather than simply asking whether a gambling win is taxable income. For a decision about your own return, check current HMRC guidance or speak to a qualified tax adviser, especially before reporting or omitting a conversion-related gain.

This is a tax distinction, not a claim that every crypto gambling payout has the same outcome after conversion. The treatment of the gambling win and the treatment of a later BCH-to-GBP exchange should be considered separately.

Using a Crypto Wallet for Casino Payments

A Bitcoin Cash payment typically starts with the casino displaying a deposit address or payment request. You send BCH from your own wallet to that destination; the casino then records the incoming transfer against your account. Check that the selected currency and network match the details shown before confirming, because sending a different asset to a BCH address may not result in a usable deposit.

Your wallet does not make the payment private. Bitcoin Cash transactions are recorded on a public blockchain, where the movement between addresses can be examined. Chain analysis firms can often connect a casino deposit to an address associated with a known exchange. If you bought BCH through an exchange that has your identity details, the transaction path may therefore be less detached from you than a wallet interface suggests.

Using a separate wallet can help you keep casino payments distinct from other activity, but it does not erase the public transaction record or guarantee that the addresses cannot be linked. Treat wallet separation as organisation, not anonymity.

The label “legitimate” also needs care when you are choosing where to send funds. No UK-licensed casino currently accepts Bitcoin Cash directly; a site taking BCH without a UK Gambling Commission licence is an offshore casino. You do not have the UKGC regulatory safety net there, including UKGC dispute resolution or access to an approved alternative dispute resolution service, and the site will not have GamStop integration. Keep that distinction in mind before transferring funds, even if the payment instructions appear straightforward.

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A low-deposit option does not change the wallet’s privacy limits or the operator’s status. Before sending anything, read the casino’s payment instructions and consider whether you are comfortable with the destination being visible on the blockchain. Once a transaction is broadcast, the public record can persist independently of what happens to your casino account.

No-KYC Claims, Plinko and What You Can Verify

“No KYC” can describe a light-touch signup, not a promise that an account will never face identity checks. A Bitcoin Cash casino operating outside the UK Gambling Commission’s licensing system may use wallet-based deposits and ask for little information at registration. A specialist review has reported that some such casinos let customers create accounts with an email address and password, without traditional checks at signup. That description should not be read as a guarantee about every operator or every later stage of an account.

If Plinko is the game you are looking for, check the casino’s own game lobby and terms before creating an account or sending funds. A promotional reference alone does not tell you whether the game is available to you or what rules apply. Do not assume that a crypto payment method or a “no KYC” label confirms a particular game offering.

There is also an important distinction between an offshore casino’s signup process and the rules for licensed gambling in Britain. UK rules require operators to verify a customer’s age before allowing deposits. They also prohibit online slot autoplay, and each online slot spin must last at least 2.5 seconds. These requirements apply to licensed gambling in Britain; a site’s claims about minimal checks do not establish that it follows UK rules.

Using an offshore casino does not itself make you a criminal, but you do not have the UKGC regulatory safety net. You also have no access to UKGC dispute resolution or an approved alternative dispute resolution service, and the site will not have GamStop integration. Treat “no KYC” as a description of the initial account process, not as a substitute for checking what protections you would be giving up.

Can I legally deposit Bitcoin Cash at UK casinos?

No UK Gambling Commission-licensed casino accepts Bitcoin Cash. You are not criminalised simply for gambling with an offshore operator, but a casino offering gambling to customers in Great Britain without the required licence is outside the UK regulatory system.

Are Bitcoin Cash casino winnings taxable in the UK?

No. Gambling winnings are not subject to UK income tax or capital gains tax, whether you play with pounds or cryptocurrency.

Do I need to verify my identity to play at a BCH casino?

At offshore BCH casinos, identity checks are often minimal: many let you create an account with just an email and password. Checks can vary, so do not assume that every site will let you play without verification.

Does any Gambling Commission-licensed casino currently accept Bitcoin Cash deposits?

No. UK-licensed operators are prohibited from accepting cryptocurrency, and no UK-licensed casino currently accepts Bitcoin Cash as a direct payment method.

What happens to identity verification at a Bitcoin Cash casino operating outside UK licensing?

Checks are usually minimal, and many offshore BCH casinos allow account creation with only an email address and password. These sites are outside the UK Gambling Commission’s regulatory framework.

How fast are Bitcoin Cash casino withdrawals?

Some BCH casinos, including BC.Game and Stake, have processed cashouts within 10 minutes of a request, often in under five. Other sites may hold withdrawals above a threshold for management review.

Is Bitcoin Cash gambling legal in the UK?

You are not criminalised simply for gambling with an offshore operator. However, an operator offering gambling to customers in Great Britain must hold the required Gambling Commission licence, and UK-licensed operators cannot accept cryptocurrency.

Are Bitcoin Cash casinos safe for UK players?

An offshore BCH casino does not provide UK Gambling Commission protections: you cannot use UKGC dispute resolution or an approved ADR service, and the site is not connected to GamStop. BCH transactions are also recorded on a public blockchain and can often be traced back to a known exchange.

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