Question about legality and use of bitcoin/crypto in general
Hello friends! I've just recently decided to get into crypto, it's always seemed interesting and why postpone further, right?
Now, I set up an account with a broker/exchange (not 100% on terms yet). They asked what I intended to use the platform for, and I answered honestly, stating I wanted to learn to use crypto, long-term saving/investment and the occasional purchase of online goods and services. They asked for a specific example of a purchase I would potentially make and I said Mullvad VPN simply because I know they take crypto and it seemed like an easy way to try using the bitcoins I purchase (or satoshis, I guess?). I was then told they don't allow that. Okay? KYC and compliance, fair enough, I get it. But uh... Where is the line drawn?
My initial thought was "Aha! I move it to a private hardware wallet, then it's not through them!" but I'm guessing it isn't that easy? From my understanding it can still be traced back to me and that the coins came from them. Is that a workaround, or could that lead to me getting a slap on the wrist? What else am I not allowed to do with the coins I purchase, aside from the obvious "anything criminal" category?
I've looked into what DCA is and that's what I plan to do, and when I'm a bit more comfortable I'll get my own wallet and eventually a hardware wallet when I actually know what I'm doing. Exciting adventure so far, but somewhat confusing on legality.
Thanks for reading, I hope you have a really good day/evening!