tracibility of bitcoins

[gvuandrew]

Hi, I've never used bitcoins, but reading a lot on the subject.

I'm not using for laundering or criminal activity, actually I'm an online affiliate and where my 'criminal' part comes in is just a bit black hat seo, that could cause some issues with people, not jail time or anything, but still I want to remain anonymous to be extra safe.

Here is what I was thinking of doing, but I need some advice here fellows

The payments I earn from companies will go to 3rd party and that person will pay me in bitcoins.  This person will not know me, I'll be anonymous to him.
But from what I'm reading, I MUST link my bank account to the bitcoin account. I'm not dealing with small amounts. I'm dealing in the 10,000's per month so it's not going to work with finding small sellers dealing in cash.

Now let's say the US Gov comes down on me and is on my track. If they demand from the bitcoin company with a warrant then they will simply give my bank account. So what can I do if anything? What do these professional hackers do that tell people 'pay up 100k or else you are finished', they obviously have some system in place.

Thanks

[Amph]

they will know that you have those money by the time you have earned them in fiat

there is only one way to be anon in bitcoin, earning bitcoin directly, you can do it via mining for example or buy receiving bitcoin directly with a job(not with bitwage, this is still converting) that it is done online

i think all the other way are traceable in a way or another

[Kprawn]

To even answer your question, would be unethical for us or even illegal in many countries... we would be aiding you or anyone else in a possible crime. The moment when you link your account to a 3rd

party service, where you have to identify yourself and also link your bank account for fiat conversion, you are not pseudo anonymous anymore.  These 3rd party services, like regulated exchanges or

wallet providers infringe on your rights to have private financial transactions.... and we allow them, because we want the fiat... and fiat is very heavily regulated. Stay in Bitcoin.

[MF Doom]

I dont know what you mean by "must link my bank account".  You could always just sell the btc for cash (on localbitcoins or elsewhere) to avoid using a bank acct.

[HabBear]

Depends on the company. No different than the privacy concerns we see with the US government and the tech companies in Silicon Valley.

As for protecting yourself, you could always use a bitcoin mixer which scrambles the addresses so it's harder or impossible to track payments from one bitcoin address to another. Look up bitmixer.io

Now if you're engaged in illegal activity the Government can use your IP address to monitor all sorts of activity.

[aso118]

I dont know what you mean by "must link my bank account".  You could always just sell the btc for cash (on localbitcoins or elsewhere) to avoid using a bank acct.

Read the OP again. He is dealing in tens of thousands of dollars worth of bitcoin. It will be cumbersome to find people willing to transact such large amounts in cash.

[achow101]

So if I understand you properly, you plan on telling people you work for to send fiat to a third party who in turn sends you Bitcoin. There is no prerequisite which states that you must have a bank account linked. If you can find an anonymous third party that you trust to do this, then you won't have your information revealed to that person. If you send the Bitcoin through a mixer and then cash it out at an exchange, then it will be very difficult to track you.

[Patatas]

1.Black Hat Seo is not a crime .I believe you must doing CPA,PPD,lead generation sort of stuff right ?
2.If you don't want bitcoins to be converted in fiat cash by linking your bank account,why not simply use other online wallets (such as paypal) and simply spend the money ex shopping through paypal,if that's an option.
3.You do find dealers who can buy bitcoins in bulk with the mentioned amount but your banks will ask proof for the deposits .
4.Pay Taxes.Register yourself as a freelancer or whatever is in the US law.

[nickenburg]

What you could do is, try to find 1 trustable person, maybe on www.localbitcoins.com
Find a person in your area and get in contact with him, and say you want to make a monthly deal.
You give him the bitcoins he gives you 10k cash, of course he needs to have some money and be trustworthy.
But it is safer then trying to go put everything on your bank account, maybe u could try a swiss one

[odolvlobo]

Here is what I was thinking of doing, but I need some advice here fellows

The payments I earn from companies will go to 3rd party and that person will pay me in bitcoins.  This person will not know me, I'll be anonymous to him.
But from what I'm reading, I MUST link my bank account to the bitcoin account. I'm not dealing with small amounts. I'm dealing in the 10,000's per month so it's not going to work with finding small sellers dealing in cash.

Laws vary depending on where you are, but a person or company paying you $10,000's per month in bitcoin anonymously would be breaking the law in the U.S. For large enough amounts of money the person or company is required to obtain identification so that you are not anonymous. You aren't generally required to link a bank account. That is mostly a convenience.

[QuestionAuthority]

Here is what I was thinking of doing, but I need some advice here fellows

The payments I earn from companies will go to 3rd party and that person will pay me in bitcoins.  This person will not know me, I'll be anonymous to him.
But from what I'm reading, I MUST link my bank account to the bitcoin account. I'm not dealing with small amounts. I'm dealing in the 10,000's per month so it's not going to work with finding small sellers dealing in cash.

Laws vary depending on where you are, but a person or company paying you $10,000's per month in bitcoin anonymously would be breaking the law in the U.S. For large enough amounts of money the person or company is required to obtain identification so that you are not anonymous. You aren't generally required to link a bank account. That is mostly a convenience.

That's true. The USA controls it's subjects by controlling their money. It may not be as bad in other countries.

[SFR10]

The moment someone send you that amount (on most countries), a red flag will be raised automatically for you and the sender so either way, you'll end up being a target specially that you have to link your bank account using a third party. And also they will demand your identity from bank itself (not BTCitcoin company), since it would be easier to spot out. You'r better off with doing the whole SEO thing in a complete legit/honest way if you want to save yourself a lot of trouble.

[BTCBinary]

when it comes to change Bitcoin for Fiat you always end up losing your anonymity. Unless you sell bitcoin directly to a person who pays you directly with cash it will be traceable. Of course that in your case selling to a person in cash is not feasable but it is the only way I can think of.
Bitcoin ATMs probably would do the trick but they need to be bidirectional and they only buy small ammounts in cash to the same person, anyway they all have Camaras around that can easily identify you.

[gvuandrew]

thank you very much for your replies, so seems not doable for me.

Let me clarify something very related to my above question.

If I need to just pay someone small amount, like less than $100 in bitcoins to their account, and we are in 2 separate countries and won't meet in person, is it possible to send them money like this without me having to connect my bank account?  In other words, what would be the best approach for sending someone $100 in bitcoins to become 100% untraceable?  I can use TOR for logging in purposes to a site obviously to cover that side of the equation.

[gvuandrew]

i read here https://localbitcoins.com/faq that it mentions one doesn't have to show ID, but they said it's much harder to exchange with traders

but i'm not sure it applies to me, because I'm going to have a buyer already.  I know who I need to pay the $100 to, I just don't want to be on the records for paying this person, so if anyone can confirm that it will be super easy for us to go to https://localbitcoins.com/ and just do the exchange without having to show ID that would be great.

[achow101]

If I need to just pay someone small amount, like less than $100 in bitcoins to their account, and we are in 2 separate countries and won't meet in person, is it possible to send them money like this without me having to connect my bank account?  In other words, what would be the best approach for sending someone $100 in bitcoins to become 100% untraceable?  I can use TOR for logging in purposes to a site obviously to cover that side of the equation.

Face to face in cash transactions will provide you the most anonymity. Furthermore, you can just use bitcoin mixing services so that people can't trace where the Bitcoin that you bought is going.

but i'm not sure it applies to me, because I'm going to have a buyer already.  I know who I need to pay the $100 to, I just don't want to be on the records for paying this person, so if anyone can confirm that it will be super easy for us to go to https://localbitcoins.com/ and just do the exchange without having to show ID that would be great.

When you are buying Bitcoin, it all really depends on the seller. Most sellers will want to see an id so that they know that the person they are trading with is who they are actually supposed to trade with. However there should not be any record of that since those trades are for meeting face-to-face. So the seller will know who you are, but no one else will (except maybe your name which might be in chat logs so that the seller knows what name to check for).

Alternatively, instead of buying Bitcoin, you can just get paid in Bitcoin and that way no one will need to know your identity to pay you.

[Kakmakr]

1.Black Hat Seo is not a crime

Yes, It is not a crime but it is highly Unethical and frowned on in the SEO community at large. You are increasing a page's rank in search engines through means that violate the search engines terms of service. So you are effectively cheating the system to favor certain sites or give them a unfair advantage.

I see this as being the same as a player using steroids to boost his performance in sport. It is just a matter of time before they get caught and banned.

[romero121]

1.Black Hat Seo is not a crime

Yes, It is not a crime but it is highly Unethical and frowned on in the SEO community at large. You are increasing a page's rank in search engines through means that violate the search engines terms of service. So you are effectively cheating the system to favor certain sites or give them a unfair advantage.

I see this as being the same as a player using steroids to boost his performance in sport. It is just a matter of time before they get caught and banned.

As you said its not a crime, because various companies are also using related techniques to make their firm in the top list. If this can be considered as a crime then Seo function is also a crime.

[c789]

There are companies which specialize in tracing BTC transactions. Since all BTC transactions are public, and since mixing services only make it more difficult to trace the transaction, it's becoming more difficult to remain anonymous.

Monero is untraceable, private, decentralized, and secure. You can get it on the exchanges. You can even use the xmr.to site to send someone BTC and still remain completely anonymous. You send your Monero and the recipient's BTC address to xmr.to and xmr.to converts the Monero into BTC and sends the BTC to the recipient.

[gvuandrew]

i did some research and came up with what I 'think' could work, i didn't see anyone else mention this exactly, but logically to me it makes since.

here is goes

i get paid in bitcoins, but remember, can't use bank account with it as it's traceable
so money goes into wallet 1
wallet 1 sends to mixer1
mixer1 sends to wallet 2
wallet 2 sends to mixer2
mixer2 sends to wallet3
wallet3 sends to mixer3
mixer3 sends to wallet4, and from wallet4 I connect my bank account to it

so we have 3 mixers here, all 3 would have to cooperate with the Goverment, i don't think that's too likely

Also I would look for mixer companies in countries like N Korea, China, Russia, Iran...

Let me know what you guys think of this and please do add/modify your own suggestions

And I also would like to know if mixer companies are bound by same regulations of disclosing customers as the bitcoin ones are