Bitcoin Forum

As the title suggests i have some crypto in private wallet and i want to transfer it to CEX anonymously, what would be the best way to do so? I have a few options in mind but not sure if they are safe.
Any other way to do this even more anonymously?

Mixers should also do the trick... I have one in my signature that i use from time to time (but there are others aswell), but you could also opt for coinjoining by using sparrow wallet, or wasabi wallet (eventough the community currently doesn't like them, since they started to blacklist certain transactions).

But yeah, chainswaps also work pretty well

What mocacinno said. Probably just don't send the funds to the CEX immediately after the coinjoin/mix, as to hopefully prevent them from getting suspicious. Probably do a few hops between a few wallet addresses in the span of days or weeks depending on how huge the amount is.

You can't really expect privacy if you are using centralized exchanges. Most of them require that you undergo KYC, so they will know who you are. no matter how many routes your crypto takes before getting from your private wallet to the exchange wallet, if the exchange knows you are John Smith, they will know it's John Smith's coins that were just deposited in his account. CEXs also co-operate with chain analysis companies to de-anonymize their customers.   

If you haven't gone through KYC but taken part in CoinJoins or coin mixing, that might be a reason for the exchange to ask you to identify yourself depending on what they consider to be taint. Have you tried using Bisq, a completely decentralized exchange that runs over TOR?

I don't understand what's the point of doing that when CEX exchange can only be used with kyc verified account, and there is nothing anonymous about that.
Everything that you send or withdraw from CEX will be connected with your real life identity, and only thing you can do is to user mixers to remove this connection.
It's much better to use decentralized exchanges like Bisq, or centralized exchanges without strict kyc rules.

While this is true, there are still those who do not yet require KYC with a daily withdrawal limit. Taking this into account, it is possible to send BTC anonymously to CEX if we make them anonymous in some way before that, and then sell/exchange them there for another coin. However, the whole thing would not make sense if, after all, we sold that BTC and withdrew the fiat to our bank account.

Of course, there are opportunities to hide identities even when it comes to banks, but this is something that still requires additional investment in the form of anonymous bank cards. I'm not talking about something illegal in the literal sense of the word, perhaps rather morally questionable - I think you know exactly what I mean ;)

Afaik Kucoin doesn't ask for KYC so it is still possible to deposit/trade/withdraw crypto from there without revealing your identity. I have an account there since 2017 and so far they didn't ask me for KYC (I use it very rarely though and never with bigger amounts). With that being said, I still wouldn't use them for larger amounts of money if staying anonymous is priority as just because they usually don't ask for KYC it doesn't mean they won't if you try to withdraw bigger amounts.

whether perhaps I am too suspicious, but it seems to me that the OP has no problem at some point associating some amount with his name on any CEX, even if he passed KYC. It seems to me that he has some suspicious funds, or acquired through illegal actions and does not want him to be personally connected to them.

The word privacy has no means when you are using CEX for your funds as we have seen top exchanges doing the cheap tricks and playing with the personal data of users for their personal benefits and this is fact we are aware of like :

1) Coinbase restriction of $1000 CAD to reveal the indentity of recipient and then additional information also

2) Coinbase selling users data to some third party companies with mailing list that are then prone to hacks.

3) Binance selling data to Russian government and many more things we are aware of .

The part is you don't own keys to your funds and they know you are John smith but the funds are actually of the exchange and they can put some restrictions on your easily like the bank accounts.So avoid using these CEX for fund transfer.

Yes if you are small investors then you can use Kucoin for trading purpose as you can deposit funds without going through KYC process and also withdraw easily as there is limit of 2 bitcoin per day without KYC and can increase to 100 or more with verification completed.But if you are long term holder then hardware wallets are the best option without any hindrance.


 Source  (https://m.kucoin.com/news/en-complete-kyc-verification-to-enjoy-higher-withdrawal-limits)

So the best is to avoid them if possible..

Privacy is a behavior that starts with how you purchased those coins and ends only with increasing your technical knowledge about how to enhance your privacy.
why do you want to hide your last addresses? If it is from sources such as gambling and you try to hide it, then transferring it from one wallet to another breaks the chain because most of these sites do not go far.
Using services like Coinjoin may be counterproductive.
You can try Chipmixer, but if you don't know how to manage things, using these mixtures will give you a false sense of privacy.

Not all require KYC, you are right about that, but they reserve the right to request it if you get on their radar by doing anything suspicious. What is considered suspicious depends from exchange to exchange. The sole fact that the money originates from gambling activities or mixing services can be enough for them to say: hey, who are you, and where did you get those coins from?

When we are talking about centralized exchanges, I see FTX being mentioned more and more in the last months. It's got a decent exchange rating on CMC (not that it matters though) and big daily trading volume.

This is already a well-known thing, whether someone made KYC or not the funds in the account can be blocked at any time without CEX having to state the exact reason why it happened. This fact alone is in general contradiction to what Bitcoin represents, and that is why every CEX can be considered a weak link or perhaps better said a Trojan horse that the authorities can always activate as a mechanism of mass attack on what is unfortunately a very important infrastructure when it comes to crypto trading.

The more people use DEX and the more people understand what "not your keys, not your coins" means, the better for all of us.

Middle man swapping is just a baptismal name for CEX. They might operate differently but some how they have your details meaning you arrant completely anonymous

Except you use Bitcoin ATMs which is still not available in many nations or better still ShapeShift, BitQuick, and LocalBitcoins.com, Paxful which will still demand some sought of KYC no matter how much the claim to be anonymous

No, not really and this depends mainly on the platform you are going to use to buy/sell the voucher. Even if you use two different platforms they may cooperate and exchange information to track your transactions and link your wallets.
Better use a reputable mixer first (if you choose to use the mixer mocacinno suggested then make sure to use the .onion website) then exchange the mixed coins for a privacy coin like montero on a decentralized exchange. You can then send the privacy coins to the CEX and exchange them to whatever coins you want.

My suspicions are the same as yours. As far as I can see, the OP is not concerned about his anonymity on the CEX exchange, but he wants to hide the trail leading back to his original wallet. We can only speculate as to why he wants to do this.

First of all thanks to all of you who took your time and posted such elaborate replies, i appreciate it  :)


I want to transfer funds from my private wallet to CEX who don't need KYC, like KuCoin, Bybit, etc.. the amount isn't much around $300 and i want to use it for trading, trading on DEX is nowhere similar to trading on CEX. also i don't see myself withdrawing massive amounts of CEX anytime soon, so withdrawal won't be an issue too.


I never want to withdraw to bank, want to earn online spend online on basic stuffs. Just want to move form private wallet to CEX for trading, i don't have BTC in private wallet only some altcoins

If you're only transfer your coins from non custodial wallet to centralized exchanges without using a mixer, you're not anonymous since the exchanges know your IPs and device you used to access. Also they're already know your full name and email, since you're not allowed to use fake name/alias. Those information they got from you are enough to search your other information, especially you ever giving KYC to other platforms.



Also you're confusing between anonymous and pseudonymous, both are different. Imagine no one know the holder of A and B address, when A address send a coin to B address, the transaction can be viewed by anyone including me. It's pseudonymous since I can still view where the coins belongs to. But if you're understand how to correctly do that with high level of privacy concern, you can make Bitcoin is fully 100% anonymous. In basic you need to understand how to use Tor network, decentralized exchange e.g.Bisq, and mixing service. Learn about mixing service here [Education] Bitcoin Privacy and Anonymity (https://bitcointalk.org/index.php?topic=5229148.msg53928622#msg53928622)

On CEX, you will mostly have to do KYC at different levels. There are very limited centralized exchanges that don't require KYC.

• Get non-KYC exchange/ platform list: https://kycnot.me/ but remember that because they are centralized, they can require KYC in future
• Why KYC is extremely dangerous – and useless (https://bitcointalk.org/index.php?topic=5221497.0)

When you make a transaction, there are three main components that affect your anonymity and privacy, inputs, outputs, and connection to the network. In order to control your coins, including inputs and outputs, you have to use non-custodial wallets with Coin control features. To have privacy, you must either run your own full node and connect to the network via Tor.

Additionally, don't check your address, transaction hash on block explorers without Tor. They can collect your IP, leak it, whatever.

Actually a lot has been suggested already. But in the end, youll end up being drawn your identity when you used prominent exchange cause your funds are growng we cant be sure in the future that they will not lower the cap of non kyc for deposits and withdrawals limit since as we go deeper on blockchain and crypto the stricter weve upgraded. If you really want anonymity then stay on dex.

There is a good alternative to LocalBitcoins called LocalCryptos (https://localcryptos.com/). LocalBitcoins is custodial (I believe). LocalCryptos is a non-custodial P2P marketplace where you don't have to undergo KYC.

The .onion website is the only one that works currently because the .com version has been taken down. Even if it was online, the TOR browser offers a privacy boost that the clearnet version can't keep up with. You shouldn't be using the .com version if you can do it through TOR.

If you plan to stick to the smaller amounts then chances are that Kucoin won't ask you for KYC, just keep in mind that if you end up being successful at trading and end up with a lot of money, Kucoin will most likely ask you to go through KYC process.


Another thing to keep in mind are withdrawal  fees are those are not negligent at all, especially since you mentioned that you wanna use your crypto to pay for stuff. For example, both Kucoin and Bybit have 0.0005 BTC fee.

My innocent question would be – Why use Cex if you seek absolute privacy while you can do your transactions on Dex, OP? Even on Trust Wallet app, you can do your business without anyone peeping. Even if they peep, no one sees anything. There is BTC option among others. Come to think of it, if you go the way of Cex that doesn't ask a KYC now; there isn't a guarantee that they wouldn't in future. I remember getting on Binance in 2017 without a KYC but look at where we are today with Binance.