Don't they bind addresses to your account? So when with deposit eth and trade for something else and come back at some point to sell something for eth then you get that eth back.
Not usually. Yes, each account has its own deposit address. In good exchanges, that deposit address will either automatically change after every use, or you will have the option to request a new deposit address, so you never have to use the same address twice, which is good for privacy reasons. However, most exchanges periodically sweep the funds from every user's deposit address in to a main, central wallet, and then pay out withdrawals from there. Leaving coins in each individual user's address would either leave them with huge amounts of dust, or leave them having to take coins from other users to pay a large withdrawal. So no, you don't usually get back the exact same coins which you deposited.
If you just deposit and not trade won't they just send it back using the same address you just sent it to?
The answer is still probably not. Although that might be cheaper and make more sense, most exchanges deposits and withdrawals are automated and don't have somebody making decisions at the other end. Simply put, you deposit to the address they give you, all deposit addresses are swept to a main wallet, and the main wallet pays out any withdrawals. Even if you try to withdraw exactly what you just deposited, the likelihood is the automated system would still perform as above.
I think it is best if you go from one currency to another and either keep that or trade that currency back to a second exchange and withdraw from there?
Changing currency isn't the stumbling factor to using an exchange for privacy. The stumbling factor is the exchange, and anyone working there or anyone they share data with, can see exactly what you've done. It doesn't matter it you deposit BTC and withdraw BTC, or deposit BTC, trade to ETH, withdraw some as ETH, trade the rest to XMR, and withdraw the rest as XMR. The exchange can still link all your activity, all your addresses, and all your coins.
You are very helpful. This is the second time this week I have read helpful info from you. Thank you very much for clearing that all up for me. It's not something you can just google.
Most of what I said was theoretical and out of interest. I thought that they had a main address they scrape everything to and then payout from there I just wanted to make sure and bring up alternative theories.
I would assume that yes the exchange will know what coins you have since they know what you brought with and what you leaving behind or taking with. They even have a history for that. If they didn't do these things they wouldn't be making any profits.
So it is basically internal is what you saying. Same as chipmixer. Only those internally can see and know what is going on? Or does chipmixer mix so well not even the owner knows?
cryptocurrency exchanges are not good for anonymity. though they are combining users' transactions similar to mixing services but they are not doing that for the purpose of anonymity while bitcoin mixers are specifically designed for that, to anonymize user transactions for more privacy and security.
Is Mixer is exempted of any existing regulation? Although mixers are in favor to those who dont want to exposed their identities that their data privacy will be surely respected and protected but its looks like this kind of transaction might be abuse by the bad people as it might could be use it in money laundering.
What if your government is a corrupt piece of shit?? Is laundering still for bad people then?
