Bitcoin Mixer - How to Secure your Identity !

[BitcoinNewsMagazine]

A problem no one talks about much concerning mixing services is it is suspected that the largest volume clients on popular mixers are drug dealers tumbling their coins. In effect drug dealers are exchanging their coins for coins that were deposited by other dealers.

So if you are using a popular mixing service to mix gambling proceeds you may get coins sent back to you that trace back to a darknet drug market. That might raise a red flag at a service like Coinbase.

You might consider using a more private way of mixing your coins using Monero.

[martinacar]

As shorena says it is not needed for everything to ask us to provide ID/selfie with ID and lots of other verification procedures which are needed mostly for lifting the limit for debit cards or using exchanges.
I like the idea of bitcoin mixers because sometimes it is needed to use these, but I hate when it is used by hackers which hide their identity in this way mostly.

That's the problem nowadays, many hackers are using these mixer services which enables them to scam and get a way with crimes.
I hope the community will come to a consensus on how to deal with these kind of cases.

[JeffBrad12]

https://cointelegraph.com/news/bitcoin-mixer-how-to-secure-your-identity

Bitcoin was designed as an anonymous and decentralized currency. But transactions are never truly anonymous, as they are recorded and available on the Blockchain — the distributed ledger which keeps a record of every Bitcoin transaction.

When you use Bitcoin to pay for goods and services, you need to provide your name and address to the seller for delivery purposes. This means that a third party can trace your transactions and find ID information. This is the reason why there are such services as Bitcoin mixer, for example, which allows you to exchange your Bitcoins for different ones which cannot be associated with the original owner.

Martin Albert, Bitalo Owner, explains to CoinTelegraph:

“You cannot overcome the general principles of the Bitcoin network, that means in the end you can only make it very complicated to track individual coins, but still you can track every coin back to the block where the coin was mined.”

And you? What do you think about mixer?

I using a mixer and that is very useful for me to savings my amount, but sometimes the mixer is used by criminal likely to eliminating their tracks because stole the another people amount. in my minds mixer is more to break your amount into some or many partial with a random code.

[davis196]

https://cointelegraph.com/news/bitcoin-mixer-how-to-secure-your-identity

Bitcoin was designed as an anonymous and decentralized currency. But transactions are never truly anonymous, as they are recorded and available on the Blockchain — the distributed ledger which keeps a record of every Bitcoin transaction.

When you use Bitcoin to pay for goods and services, you need to provide your name and address to the seller for delivery purposes. This means that a third party can trace your transactions and find ID information. This is the reason why there are such services as Bitcoin mixer, for example, which allows you to exchange your Bitcoins for different ones which cannot be associated with the original owner.

Martin Albert, Bitalo Owner, explains to CoinTelegraph:

“You cannot overcome the general principles of the Bitcoin network, that means in the end you can only make it very complicated to track individual coins, but still you can track every coin back to the block where the coin was mined.”

And you? What do you think about mixer?

I`m not very familiar with bitcoin mixers and the way they work.

What if the bitcoin mixer developer/owner tracks and gathers all the information about the users who use

that bitcoin mixer?There is no 100% secure way to stay anonymous.

[Herbert2020]

bitcoin mixers are a good thing for bitcoin and it always helps improve the anonymity of bitcoin that a lot of people around here are concerned with. but i think you also have to be careful when using the mixer itself because like anything else they can not be what they seem to be. they may even be keeping logs on you and what you mix so you will only pay some fee without really improving anything.

so better choice a reputable mixer and be careful about what you do.

[SmartIphone]

As shorena says it is not needed for everything to ask us to provide ID/selfie with ID and lots of other verification procedures which are needed mostly for lifting the limit for debit cards or using exchanges.
I like the idea of bitcoin mixers because sometimes it is needed to use these, but I hate when it is used by hackers which hide their identity in this way mostly.

That's the problem nowadays, many hackers are using these mixer services which enables them to scam and get a way with crimes.
I hope the community will come to a consensus on how to deal with these kind of cases.

I don't know how the community can make a consensus and 'track' these people mixing the bitcoins.
Bitcoin was designed as an anonymous and decentralized currency. Because more and more companies are opening every year makes the bitcoin not anonymous anymore because the bitcoin will be transferred from one exchange/company to another one.

[Red-Apple]

As shorena says it is not needed for everything to ask us to provide ID/selfie with ID and lots of other verification procedures which are needed mostly for lifting the limit for debit cards or using exchanges.
I like the idea of bitcoin mixers because sometimes it is needed to use these, but I hate when it is used by hackers which hide their identity in this way mostly.

That's the problem nowadays, many hackers are using these mixer services which enables them to scam and get a way with crimes.
I hope the community will come to a consensus on how to deal with these kind of cases.

I don't know how the community can make a consensus and 'track' these people mixing the bitcoins.
Bitcoin was designed as an anonymous and decentralized currency. Because more and more companies are opening every year makes the bitcoin not anonymous anymore because the bitcoin will be transferred from one exchange/company to another one.

that problem will always exist and there is nothing anybody can do about it, and you should know that it is not bitcoin, hackers and all the bad guys will always use anything for their own bad purposes.
they have been using credit cards, and money (fiat) laundering for ages and still do.

[jak3]

i have never used bitcoin mixers , i don't need to be anonymous is it bad to use one address for everything?
if i stole some coins or hacked any exchange than i will use bitcoin mixing servic other way i will not think about it.they are my first wallet when i came to bitcoin world they charged me 0.001btc for every transaction after that i switched to blockchain and they charged me 1/10th of it

[shorena]

i have never used bitcoin mixers , i don't need to be anonymous is it bad to use one address for everything?

Yes. Its bad for your privacy and for the privacy of everyone you trade with.

if i stole some coins or hacked any exchange than i will use bitcoin mixing servic other way i will not think about it.they are my first wallet when i came to bitcoin world they charged me 0.001btc for every transaction after that i switched to blockchain and they charged me 1/10th of it

Exchanges are no wallets and with "blockchain" you probably mean "blockchain.info". These two are completly different things.

[ranochigo]

However I noticed that the address that mixers use are fresh or new with no transaction, so for those who are tracking someone its  kinda like a give away that the coins was sent to an address created by a mixer.

There's nothing wrong with that. Anyone can have a transaction that is sent from an address with no transactions at all. Perhaps someone who just purchased Bitcoin from somewhere? Even if one knows that a someone is using a mixer, there is nothing that they could do to find out the origin. Given that the mixer doesn't keep logs and mixes it well.

Mixers aren't foolproof. They can always keep logs even though they promise not to. The best way is to just use several of the mixers and hope that the information won't be leaked.

[Hirose UK]

I have never used a mixer as of yet but I have been thinking of using it in the future if I need to keep my Bitcoin transactions anonymous.   Most of the services I use do not store much personal information about me.

same here. I've also never mixed my bitcoin because I think I don't have problems that require need to be totally anymous so far.

probably only those who want to share their bitcoin anymously or those who have got their bitcoin in wrong way.

[Carlsen]

Just like it is said, the coins can be traced back to the original block.
But that does not mean you can put an Id to the owner of the coin.
If you send your coins from one wallet to another, I think that it is already after this one transaction hard to prove who the owner is (as long as no ip address is recorded).

[jostorres]

If you're worrying about bitcoin's pseudonymous feature, mixers are good to use to completely erase your tracks as you would be having coins from different sources.

Mixers have their purpose like to hide where your coins are from so you can ensure your privacy.

[jt byte]

You think that using a mixer for your bitcoins will keep your identity safe?
Think again! It has been proven that this is false.

[BitcoinNewsMagazine]

You think that using a mixer for your bitcoins will keep your identity safe?
Think again! It has been proven that this is false.

Anyone can make a statement can you back that up with links to articles or academic papers that prove your point?

[jt byte]

^^^
From an article that I read. no link to it cause it was when their services first came out.

[bjman]

I think the best use case for a mixer is when you are sending coins that you don't want traced to you. So you send to a mixer and then the mixer sends somewhere else. Done.

It gets more complicated if you want to receive coins from a mixer--as has been stated already you may be getting coins that are more tainted than you may want.

[justdimin]

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

[sniveling]

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

The largest mixers have been running for years, and there's a low chance one will suddenly close at the exact time someone decides to mix his coins through it. There is more profit to be made from running a mixer for a year than suddenly closing and scamming whoever was mixing their coins through it for a duration of six Bitcoin confirmations.

Using smaller mixers is risky because there's less profits from them for the owners.

[talkbitcoin]

People should that bitcoin is pseudonymous, not anonymous. They must be very careful when use bitcoin to keep their anonymity.

That's true that bitcoin mixer service can help keep your anonymity, but what if they keep your transaction or turned to be scam?
For normal people, i think one-time address should be good enough.

If you use a trusted mixer, the chances that the mixer turns into a scam is small but still there.
Personally, I only use one wallet, and it works perfectly fine. I just use Bitcoin normally, and I only occasionally use mixing when it's absolutely necessary.

The largest mixers have been running for years, and there's a low chance one will suddenly close at the exact time someone decides to mix his coins through it. There is more profit to be made from running a mixer for a year than suddenly closing and scamming whoever was mixing their coins through it for a duration of six Bitcoin confirmations.

Using smaller mixers is risky because there's less profits from them for the owners.

sometimes being paranoid is not a bad thing, especially when your hard earned money is involved. you can send your bitcoins to the mixer in a couple of batches instead of all at once, this way you reduce the risk of what he mentioned, also the fees are percentage of what you send so it doesn't matter.
also this way it can add to your anonymity because you will receive them out on the other side with bigger intervals.