How to "wash" your coins

[Raimonn]

You can mix your coins on services that do it, or if you want bitcoins with few transactions you can buy it from miners.

[omahapoker]

Why do you want to wash your coins, is the next question...

its always traceable

[BillyBobZorton]

I am ineterested on how to wash your coins. By that I mean that I get my coins inn a new address but untraceable?

It is not that I am doing something wrong. I am just interested.

Different tumblers and mixers do exist but people claim that these are not 100% sure, that they don't work 100% as advertised. This what you want to do is actually quite hard to do, as the address trail will almost always be left somewhere.

Bitcoin is semi anonymous, it protects your real world info very well if you are careful enough not to attach it to the certain address. Addresses on the other hand are quite hard to hide since they are seen and findable by everyone on the blockchain.

The problem with mixers and tumblers is they are centralized. You are basically trusting that they will not keep logs and hand those logs when asked for by the feds or whatever. So if OP is doing something "fishy", i wouldn't 100% trust mixers.

[dexX7]

I'm surprised no one mentioned JoinMarket:

• https://bitcointalk.org/index.php?topic=919116.msg10096563
• https://www.reddit.com/r/joinmarket

[Jeremycoin]

Cash it first and then buy the Bitcoin again.
Also don't use just 1 address, share it to many addresses.

[DiamondCardz]

Why do you want to wash your coins, is the next question...

its always traceable

It's not wholly traceable if you use a mixer that actually works properly. The only thing that could be gathered from your transactions from the address you send from is that you did actually mix your coins, if someone is able to identify it as being obviously mixed.

[anthonycamp]

i find some ilegallity into this but if govs do not promote crime why not go on to govnermets or its like commies into you parties?

[owm123]

I am ineterested on how to wash your coins. By that I mean that I get my coins inn a new address but untraceable?

It is not that I am doing something wrong. I am just interested.

Different tumblers and mixers do exist but people claim that these are not 100% sure, that they don't work 100% as advertised. This what you want to do is actually quite hard to do, as the address trail will almost always be left somewhere.

Bitcoin is semi anonymous, it protects your real world info very well if you are careful enough not to attach it to the certain address. Addresses on the other hand are quite hard to hide since they are seen and findable by everyone on the blockchain.

The problem with mixers and tumblers is they are centralized. You are basically trusting that they will not keep logs and hand those logs when asked for by the feds or whatever. So if OP is doing something "fishy", i wouldn't 100% trust mixers.

Exactly. This. Bitcoin is not not anonymous (http://www.bitcoinisnotanonymous.com/) and these are the issues people need consider.

Also, by mixing you can end up with coins which are dirtier  than your original ones. There is also chance that mixers or similar services are run or by feds, as they now ppl with dirty coins will try to go to them.

[Amph]

Why do you want to wash your coins, is the next question...

its always traceable

it's never traceable actually, if you don't attach your name on something that you need to buy and ship to your address

for gaming for example there is no trace left, mixer is useless in that case

[Goldman Sucks]

Cash it first and then buy the Bitcoin again.
Also don't use just 1 address, share it to many addresses.

How do you cash it? Do you do that in exchanges? Then the exchange will have your information. The exchange will also know which address you send the bitcoin t.

[Soros Shorts]

Why do you want to wash your coins, is the next question...

its always traceable

For the same reasons you would want your banking transactions private. With the blockchain anybody can view your transactions if they know your addresses. This is not so with your banking transactions, where the authorities can only view them with a court order. So to protect your blockchain transactions from being analyzed by the whole world some form of obscurity is required.

A simple way to do this without taking too much risk is to open a localbitcoins account and deposit some BTC there. After sometime, withdraw them to a different address/wallet.

[knowhow]

Well the thing is how you wanna to wash your coins ,using an exchange and creating a new account would easy give no trace where the bitcoins went.

[FruitsBasket]

Use some mixer like the famous site Bitmixer.io .

Or you can send your bitcoin to some dice site or gambling site and don't play it, withdraw your bitcoin to another addres well it done.

Can i ask you ? why you interested to wash your coins ?

Just curious about what you can do with bitcoin, like: store them, use dor illegal activitys, buying and selling.
So I am just interested in how bitcoin works, and why it works that way.

[DiamondCardz]

Can i ask you ? why you interested to wash your coins ?

About half of the people who wash their coins are trying to launder them or not be connected to activities related to scamming, while the other half are genuinely just looking for privacy and do not want to be traced through their transactions, especially for large transactions of thousands of BTC.

[BADecker]

Wallets or the Bitcoin program need to have interior blockchains, built right in, where you can convert the bitcoins from one of your addresses to another, newer, address... right inside your own wallet or program. The interior blockchain would keep you from duplicating coins.

[erre]

Just look at my signature

[carlo_0000]

a way to make no traceable

bitcoin addresse  A     to exchange account 1  buy dash   to darkcoin wallet A

use the darkcoin mixer in the wallet   send to you second darkcoin wallet B

then send to exchange account 2 and withdraw to btc to you btw wallet B


in place of dash  you can use an other coin with mixer or similar
or simply buy more different coins  if you have a lot

you also need to use 2 different ip for you exchange website,using tor is possible

you can also put your wallets on the Tor network (using the proxy)

(you can also make more than 2 wallets and send dash to them, but you also gonna need more accounts on exchange)


never do all of that one 1 computer because you probably gonna forget to change you ip or you accidentally login on your second exchange with ip used for exchange 1 ...

use at lease 2 computers

[ranochigo]

Cash it first and then buy the Bitcoin again.
Also don't use just 1 address, share it to many addresses.

How do you cash it? Do you do that in exchanges? Then the exchange will have your information. The exchange will also know which address you send the bitcoin t.

Yes. The exchange would be able to trace it. However, you can use an alt coin exchange and exchange it into an alt coin, cash it out on another exchange. While using different VPN IPs. It is slightly risky due to the volatility, but it is still better than mixers.

[Battareus]

What happens if I deposited on cryptsy then withdraw this can be tracked? I saw what as soon as I deposited, my bitcoins left my address (on exchange) and when I withdraw they come from others addresses.

[StateOfAffairs]

I am ineterested on how to wash your coins. By that I mean that I get my coins inn a new address but untraceable?

It is not that I am doing something wrong. I am just interested.

Use a mixer?