Is it true that if you bounce bitcoin back and forth to different wallets

[_BlackStar]

Many people would probably recommend a mixer for your privacy - but that's no guarantee that your privacy will be maintained in the future. If you want to take good care of your privacy - then use a decentralized exchange like Bisq or others. Another suggestion is to use a different wallet when you receive payments - it will also protect your privacy.

For now - I think you should read these tips to protect your privacy. It may not always be reliable - but you also need to do a lot of other things that support your privacy.

• Protect your privacy
  

[Blitzboy]

The concept of 'bouncing' Bitcoin for privacy is intriguing but not fail-proof. Bitcoin moves are on a public stage for all to see. No matter the ricochets, the breadcrumbs are always there for the determined. Yes, the tracing becomes a mind-bender with multiple moves, but it doesn't erase the digital footprints. Too many moves might ring alarm bells to those keeping a hawk-eye on the blockchain. As for 'tainted' Bitcoin, believe me, playing hot potato with it won't wash off the stain. Whoever is on the hunt, if they've got the grit, they can always track the path back home.

[Dr.Bitcoin_Strange]

As for 'tainted' Bitcoin, believe me, playing hot potato with it won't wash off the stain. Whoever is on the hunt, if they've got the grit, they can always track the path back home.

I think It can. With mixers available, it would be possible to do so, because if you send the coin to a mixer, I'm not sure if anybody could be able to detect the particular Bitcoin mixer you sent the coin to, and when you get the output, it's just also to another wallet, which makes it quite different from the formal wallet or impossible to trace, unless the mixer decides to form an alliance with the investigation team, which is going to spoil their mixing business if they do so. I just heard, according to what one user here said, that if you send a mixed coin to a CEX, it can be noticed or treated as tainted. I really don't know how true that is, but I know that once you have mixed your coin from your individual wallet, once you get the output from the mixer to another wallet, it cannot be traced back to that previous wallet.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Onyeeze]

that after a certain amount of time the bitcoin becomes practically anonymous? As in, not being able to be traced back to the original KYC exchange, or in the case of "tainted" bitcoin, that?

No matter how many times you send bitcoins or any other coin from place to another place it most be traceable, unless that the person or team who is tracing the transaction is not ready to trace the coin from one place to another place, another aspect I may think that a coin get their position it will be difficult to trace the coin is when you send the coin to mixer. I don't know if I'm correct, please if it's wrong I will like to need more explanation

[CryptSafe]

that after a certain amount of time the bitcoin becomes practically anonymous? As in, not being able to be traced back to the original KYC exchange, or in the case of "tainted" bitcoin, that?

OP, I do not see this as realistic, bitcoin can be tracked down to anywhere it is being transacted. It is even more easier to trace when you transact direct from a personal wallet. Although it is a bit sketchy from exchanges because it all goes into one wallet and would need a well sophisticated device to do the tracing which is why you see that even hacked exchanges could easily trace their coin to seeing where it was transferred to and as well knowing the account or wallet holder who transacted with such wallets.

Irrespective of how bitcoin is moved around the chain, there are devices that could be used to trace transactions and i believe these are the device the government agencies uses to track bitcoin movement so as to apprehend wallets owners.

[decodx]

Irrespective of how bitcoin is moved around the chain, there are devices that could be used to trace transactions and i believe these are the device the government agencies uses to track bitcoin movement so as to apprehend wallets owners.

I don't understand what you are talking about. What devices? Can you elaborate on that a bit?

There are blockchain explorers and experts who who have knowledge and expertise in tracing transactions and identify patterns or connections on the blockchain, but I have never heard or read that there are any specific physical "devices" that could be used to trace transactions. Maybe you just used the wrong word?

[Eternad]

that after a certain amount of time the bitcoin becomes practically anonymous? As in, not being able to be traced back to the original KYC exchange, or in the case of "tainted" bitcoin, that?

Nope, It can be track if you even if you do this million times since every transaction is recorded on blockchain. Chain analysis is very powerful these days that can track a certain Bitcoin especially if the transfer has no discontinuity and just normal transfer of funds from different wallet.

Use mixer and your worries about anonymity will be solved since mixer use different wallet that is not connected to the source wallet of your funds. One of the best mixer to do this stuff is [banned mixer] because it has low mixing fee and guaranteed anonymity of mix since 2019.

[Fivestar4everMVP]

that after a certain amount of time the bitcoin becomes practically anonymous? As in, not being able to be traced back to the original KYC exchange, or in the case of "tainted" bitcoin, that?

This is an old speculation, and I rather happy to say that this is something I've tried in the past, and like several other users here have said, it's a myth and does not work.

The bitcoin blockchain Explorer is very transparent and there is absolutely no way your coins will just disappear simply because you sent them to different wallets back and forth, except on the account that you employ the services of a mixer, even at this, there are still transaction history visible On your wallet address, but it's just hard to tell exactly where you sent or receive your bitcoins from.

[Cricktor]

Only the part of your coins that turns into the transaction fee for every of your movement transactions gets kind of anonymized because it gets distributed to the miner of the block in which your transactions are confirmed. After a maturity period of 100 blocks the block subsidy (transaction fees are part of it) is spendable and enters into circulation.

Of course, you don't have a part anymore on the transaction fees that you have to pay for your transactions. So, as others have said already, it doesn't work as you said.

[Casdinyard]

that after a certain amount of time the bitcoin becomes practically anonymous? As in, not being able to be traced back to the original KYC exchange, or in the case of "tainted" bitcoin, that?

Picture this my friend. I have a ball named bitcoin that I wanted to hide from a cop that thinks I stole it (spoiler alert: I didn’t). Now I have this trusted friend we should call “wallet 2” where I could entrust the ball with for the meantime as I try to evade the law. With enough leads and evidences, there’s no doubt that the bitcoin ball will be traced back to wallet 2, and from there, I’m toast, the bitcoin’s gone, my identity’s blown, and people now see me as a ball thief in the neighborhood.

Now picture the same scenario, but instead of having only one friend to entrust the bitcoin ball with, I have 18 other friends correspondingly named wallets 3-18 which will pass the ball around in random to confuse investigators and the cops. They’d still suspect that I’m accomplices with the other 18 people in my friend circle, but there’s sure as shit no chance that they’d find the ball.

The principle applies to bitcoin too, merely passing the ball around doesn’t change the fact that the bitcoin cane from you, so with enough dedication and time for research any guy could trace bitcoins back to its original owner, but at the same time this doesn’t necessarily equate to them being able to find where the bitcoin is at the moment.

[The Cryptovator]

Please note that you can choose to terminate the transaction, but all the details will still be visible on the blockchain. The transaction history cannot be erased. For instance, if you sent me 1 BTC, I can send it back to you from a different address to one of your multiple addresses. This way, the transaction is separated from you, making it difficult for others to identify the coins as yours, except for me. However, even with this method, complete anonymity cannot be guaranteed. Mixing services operate on a similar principle, ensuring that recipients of the coins remain unknown.

[Ultegra134]

Please note that you can choose to terminate the transaction, but all the details will still be visible on the blockchain. The transaction history cannot be erased. For instance, if you sent me 1 BTC, I can send it back to you from a different address to one of your multiple addresses. This way, the transaction is separated from you, making it difficult for others to identify the coins as yours, except for me. However, even with this method, complete anonymity cannot be guaranteed. Mixing services operate on a similar principle, ensuring that recipients of the coins remain unknown.

Even mixing services cannot always guarantee 100% anonymity, let alone bouncing your Bitcoin from one wallet to another. It might make it a little more complicated and time-consuming, but eventually your transaction will be tracked back to the original address. Mixers also depend on how much fee you're charged and the transaction amount, which is why mixers often recommend withdrawing fungible amounts, such as 0.01, 0.10 BTC, and so on, instead of 0.1523 BTC, because there won't be an abundance of transactions with such a specific amount.

Others suggested P2P exchanges or the decentralized exchange Bisq, but they aren't as convenient as centralized ones. Generally, Bitcoin isn't the ideal coin for anonymity; there are others, such as Dash or Monero.