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Author Topic: What are the alternatives of mixers with the legalities?  (Read 266 times)
cryptoaddictchie
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December 04, 2023, 10:37:35 AM
 #21

Since the use of mixers may face various problems, what can be used as an alternative? Looking for both your opinion and suggestion on this 0_0
Why pick an alternative as if like its prohibited to use mixers now? Its just being not tolerate here in forum but it doesnt mean they will be gone. If you refer to theymos post its just be out here but of course the services will continue. Now the signature part will also be removed so none mixers will be advertise. Well a crazy and instant event in crypto forum.

Theres none alternative that has much safer unless converting your token to monero and other privacy coins.

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December 04, 2023, 10:50:43 AM
 #22

The news has already arrived. Moreover, as a result of using mixing services or making transactions with any wallets connected to mixing services, their wallets are going under the tracing i.e. blacklist.
So my question is that those who are concerned about the privacy of the amount of funds in their wallet or the amount of the transaction from their wallet or the transaction in which wallet, what should they use so that they are not open to everyone? Because I think that anyone would like to make their personal funds visible to the people around them or third-party people.
Since the use of mixers may face various problems, what can be used as an alternative? Looking for both your opinion and suggestion on this 0_0

If you are worried with those funds which has been link to mixers especially to Sinbad then much better if they sell it and exchange it on fiat then create a new wallet which is not been used to any transaction. Then its up to you if you want to buy some bitcoins again for holding purposes and from that I think we can safely say that we are fine with this.

But I really don't think officials will spend some time to investigate those small fish and people should not worry about it. The main target of government is the owner of Sinbad or any mixers who participate on illegal activity and other Big fish or those people who do large transactions to wash up the crimes they have done especially on dark web. Also maybe we should not think about finding an alternative and much better forget about using mixer to avoid any possible issues.

R


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LoyceV
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December 04, 2023, 04:09:40 PM
 #23

It's not a perfect method but a simple way to get rather anonymized coins is to use 2 exchanges not requiring KYC. You can send your BTCs to the first exchange, converting your Bitcoins into another cryptocurrency there and then sending those coins from this exchange to the other one. On the second exchange you can convert the altcoins into Bitcoin and withdraw those funds to a fresh new BTC address. Those BTCs won't be connected anymore to your former BTCs on the blockchain.
If the altcoin is Monero, this will actually be quite hard to link. With any other altcoin it's possible to trace, and depending on the exchanges you use they may or may not keep transaction logs.
But starting next year, you're no longer not allowed to discuss this on Bitcointalk. So anyone interested will have to think of this on their own.

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December 06, 2023, 10:40:28 PM
Last edit: December 06, 2023, 10:51:56 PM by Saint-loup
 #24

If the altcoin is Monero, this will actually be quite hard to link. With any other altcoin it's possible to trace, and depending on the exchanges you use they may or may not keep transaction logs.
But starting next year, you're no longer not allowed to discuss this on Bitcointalk. So anyone interested will have to think of this on their own.
It's not a perfect method, but mixers are not perfect too, we've seen blockchain analyst companies able to track BTC funds across mixers, especially when the amount were large. Theymos said discussions about mixers will still be allowed unless mixer links are posted (I guess mentioning brand names will be discouraged though) so I hope people will continue to talk about privacy and obfuscation here.

It will continue to be OK to discuss mixers in a general sort of way. Just don't direct people to mixers: don't link to a mixer, don't link to a directory with links to mixers, don't tell people to "Google ASDFmixer", don't link to a mixer's telegram, etc.
[...]
Examples of things that are not banned mixers include exchangers (unless they have a mixing function), CoinJoin-supporting non-custodial wallets, and Monero.

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