Tumble Coins for free

[csh686]

My name is Chris and I am a big bitcoin enthusiast. I first heard of bitcoin in 2011 and have been following it closely since. I’m very enthused by Bitcoin’s performance over the year, and I’m very excited to see what the future holds as it continues to grow and gain momentum.

Currently, I’m looking for a way to take advantage of Arbitrage opportunities. Over time, I’ve established high limits on coinbase and I’d like to take advantage of this. My plan is to keep a surplus of cash on hand, as well as coins. I want to sell coins at a premium on localbitcoin, and buy more on coinbase. Essentially, if I sell 1 BTC on localbitcoin for 110% face value, I’ll replace it right away on coinbase at the current rate earning a 10% margin. Since I’m going long and holding these coins anyway, it won’t make much of a difference if the price dips here and there since I plan to hold XX amount of coins anyway.

The problem I am facing is: I heard that coinbase will suspend your account, even freezing your coins at times, if they find out that you are transferring them to localbitcoin. I don’t think that transferring the coins through several different wallets will add enough deniability and I don’t want to run into any trouble with coinbase. I’ve thought about using a coin tumbler, like Helix, but the 2.5% fee really dips into the potential earnings. I was wondering if there was another way to “tumble” coins for free? I’ve heard that if you trade BTC for an alt coin, and then back, this essentially “tumbles” them by getting the coins on/off the blockchain ledger, Is this true? Can anyone recommend a good website/service that trades BTC for altcoins rapidly and securely in a user friendly manner?

I know that there are risks to using localbitcoin (scams, frauds, etc) so I’ll probably stick to local cash transactions in safe places. I also don’t intend on moving tens of thousands of dollars around to raise any red flags. I’m really just looking to trade, help others, and earn some extra coin!

[1714823046]

1714823046

[1714823046]

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[legendbtc]

My name is Chris and I am a big bitcoin enthusiast. I first heard of bitcoin in 2011 and have been following it closely since. I’m very enthused by Bitcoin’s performance over the year, and I’m very excited to see what the future holds as it continues to grow and gain momentum.

Currently, I’m looking for a way to take advantage of Arbitrage opportunities. Over time, I’ve established high limits on coinbase and I’d like to take advantage of this. My plan is to keep a surplus of cash on hand, as well as coins. I want to sell coins at a premium on localbitcoin, and buy more on coinbase. Essentially, if I sell 1 BTC on localbitcoin for 110% face value, I’ll replace it right away on coinbase at the current rate earning a 10% margin. Since I’m going long and holding these coins anyway, it won’t make much of a difference if the price dips here and there since I plan to hold XX amount of coins anyway.

The problem I am facing is: I heard that coinbase will suspend your account, even freezing your coins at times, if they find out that you are transferring them to localbitcoin. I don’t think that transferring the coins through several different wallets will add enough deniability and I don’t want to run into any trouble with coinbase. I’ve thought about using a coin tumbler, like Helix, but the 2.5% fee really dips into the potential earnings. I was wondering if there was another way to “tumble” coins for free? I’ve heard that if you trade BTC for an alt coin, and then back, this essentially “tumbles” them by getting the coins on/off the blockchain ledger, Is this true? Can anyone recommend a good website/service that trades BTC for altcoins rapidly and securely in a user friendly manner?

I know that there are risks to using localbitcoin (scams, frauds, etc) so I’ll probably stick to local cash transactions in safe places. I also don’t intend on moving tens of thousands of dollars around to raise any red flags. I’m really just looking to trade, help others, and earn some extra coin!

You are making good money but you need to very careful with your banks though you are doing face to face transaction but when you are buying with coinbase you need to provide your credit/debit card deatils,so your banks will trace all the transaction. I hope please be careful with all those.

[pooya87]

create a bitcoin wallet, generate an address, send bitcoins from coinbase to that address and then transfer them to localbitcoins.
this may not be the perfect solution and you should use it at your own risk, but it creates deniability because you are not directly transferring bitcoin to localbitcoins, and that address you withdraw coins to can be from anyone who you are paying bitcoin to for example.

[ethereumhunter]

create a bitcoin wallet, generate an address, send bitcoins from coinbase to that address and then transfer them to localbitcoins.
this may not be the perfect solution and you should use it at your own risk, but it creates deniability because you are not directly transferring bitcoin to localbitcoins, and that address you withdraw coins to can be from anyone who you are paying bitcoin to for example.

might be a good solution, for the wallet address you can use market exchanges, then you can trade with altcoins to earn more bitcoin, then after you have profit, then you can send it into localbitcoins and sell in there. i think in market exchanges, there is some exchanges that allow us to generates more wallet address and we can use it when we want to transferred it into localbitcoins. and if you know with coinbase disadvantage, then i suggest you to stay away from coinbase and use another third party service.

[csh686]

You are making good money but you need to very careful with your banks though you are doing face to face transaction but when you are buying with coinbase you need to provide your credit/debit card deatils,so your banks will trace all the transaction. I hope please be careful with all those.

I use a bank that has pretty lenient policies in regards to bitcoin. They are aware that I invest into bitcoin and I buy/sell coins frequently. I've easily moved $30-50K from my bank to my coinbase account and vice versa in less than a year. It hasn't been an issue and that's how I earned the high limits with coinbase. It's not like I deposit $10K+ in cash per day to my bank account, and I don't plan to do anywhere near that, even if I start trading on localbitcoin. I also earn commission from my work, so it's not unusual for me to deposit cash into my bank account frequently.

create a bitcoin wallet, generate an address, send bitcoins from coinbase to that address and then transfer them to localbitcoins.
this may not be the perfect solution and you should use it at your own risk, but it creates deniability because you are not directly transferring bitcoin to localbitcoins, and that address you withdraw coins to can be from anyone who you are paying bitcoin to for example.

This just seems too simple. I already use additional wallets because I don't trust my bitcoin on any exchange after what happened with Mt Gox years ago. Right after I get the bitcoin from coinbase, I immediately transfer them to another wallet. I just feel like there's not enough deniability still because the bitcoin path can easily be traced through blockchain analysis, especially for a big company like coinbase. If I simply buy coins on coinbase, then transfer them to another wallet, then to localbitcoins and I repeat this process frequently I'm sure they can establish a pattern. I don't want to loose my coinbase account or run into any issues with them because it took me a while to earn the high limits on there and if I didn't have the high limits, this opportunity wouldn't be possible.

might be a good solution, for the wallet address you can use market exchanges, then you can trade with altcoins to earn more bitcoin, then after you have profit, then you can send it into localbitcoins and sell in there. i think in market exchanges, there is some exchanges that allow us to generates more wallet address and we can use it when we want to transferred it into localbitcoins. and if you know with coinbase disadvantage, then i suggest you to stay away from coinbase and use another third party service.

This is more along the lines of what I was thinking, but coinbase doesn't want you sending the coins to another exchange either. This is why I was thinking: Buy the bitcoin on coinbase, transfer to another wallet, then transfer to another exchange and swap the bitcoin for altcoin, then back to bitcoin. The issue that I have here is that I don't have any experience with other cryptocurrencies.

• What is a good exchange that I can use to trade between bitcoin and altcoins?
• What altcoin should I trade for? Monero? Ethereum?
• How long does the whole process take? I would need it to be relatively quick to mitigate any losses that might arise from fluctuating prices of altcoins.

I don't know enough about altcoins to try and earn money from the fluctuations there, maybe in the future as I get more experience. My goal here is to instantly replenish the coins that I trade on localbitcoin, which I can easily do through coinbase. I already hold XX amount of coins regardless, so if I buy back whatever I trade on localbitcoin right away, it's as if I traded the brand new coins rather than risk selling bitcoins out of my wallet for a 10% premium when the price of coin could rise >10%.

[mocacinno]

This is more along the lines of what I was thinking, but coinbase doesn't want you sending the coins to another exchange either. This is why I was thinking: Buy the bitcoin on coinbase, transfer to another wallet, then transfer to another exchange and swap the bitcoin for altcoin, then back to bitcoin. The issue that I have here is that I don't have any experience with other cryptocurrencies.

Long time since i last traded BTC to ALT on exchanges, but does the exchange use the inputs they got on your deposit address to generate outputs to your withdrawal address (the answer is no IIRC)? If not, there is no need to exchange the BTC to an ALT, the ALT to BTC and then withdraw the BTC from this exchange... It would be exactly the same as depositing BTC and than a couple hours later withdraw the BTC again... You still have:

• transaction fees
• deposit fees
• withdrawal fees

If you really want to break the bond completely, you should
Buy on coinbase => transfer to a desktop wallet => deposit to exchange A => trade BTC to an anonymous-centered ALT => withdraw this ALT from exchange A to the deposit address for this alt on exchange B => on exchange B trade the ALT back to BTC => withdraw the BTC to a second desktop wallet => send the BTC to LBC

If you have criminal intention, you should even do this over TOR/proxy/VPN, even a different method for each step

And some mixers actually have way less fees than the 2.5% you mentioned, so it might be a lot easyer for you to just use a trusted, cheaper, mixer, and just give 1% service fee + a transaction fee...

[NeuroticFish]

Poloniex and Bittrex are the biggest and most reputable altcoin exchanges.
But if you go in this path, beware, nothing is for free. You were told about transactions fees, deposit and withdrawal fees, but I feel the the biggest fees are not those.

First of all, to make it clear. IMHO to lose the path you should use 2 exchanges and an anonymous altcoin. Monero is a good choice, but not the only one.
Now, if you go to Poloniex. convert your BTC into the altcoin, transfer the altcoin to Bittrex and convert back to BTC, you are fine.
But there is a difference between the buy and sell price and also altcoins use to be even more volatile than Bitcoin, you may have some great gains or great loses because of the volatility too.

Well, study the market, do the math and decide for yourself. It may worth it, it may not.

Edit: there are also amount limits and verification levels (AML & Co), at least on Polo, so this scheme also works on certain amounts of money. I don't know your "volumes".

[csh686]

Long time since i last traded BTC to ALT on exchanges, but does the exchange use the inputs they got on your deposit address to generate outputs to your withdrawal address (the answer is no IIRC)? If not, there is no need to exchange the BTC to an ALT, the ALT to BTC and then withdraw the BTC from this exchange... It would be exactly the same as depositing BTC and than a couple hours later withdraw the BTC again... You still have:

• transaction fees
• deposit fees
• withdrawal fees

If you really want to break the bond completely, you should
Buy on coinbase => transfer to a desktop wallet => deposit to exchange A => trade BTC to an anonymous-centered ALT => withdraw this ALT from exchange A to the deposit address for this alt on exchange B => on exchange B trade the ALT back to BTC => withdraw the BTC to a second desktop wallet => send the BTC to LBC

If you have criminal intention, you should even do this over TOR/proxy/VPN, even a different method for each step

And some mixers actually have way less fees than the 2.5% you mentioned, so it might be a lot easyer for you to just use a trusted, cheaper, mixer, and just give 1% service fee + a transaction fee...

Thanks! This information was really helpful. It seems like with the fluctuations, transaction fees, and also the amount limits and verification measures, it might be easier and more cost effective to go with a tumbler that charges 1% fee. Do you know of any reputable ones? In the past I've used helix, but their fee's are high (2.5%).

[mocacinno]

Thanks! This information was really helpful. It seems like with the fluctuations, transaction fees, and also the amount limits and verification measures, it might be easier and more cost effective to go with a tumbler that charges 1% fee. Do you know of any reputable ones? In the past I've used helix, but their fee's are high (2.5%).

I've used the one in my signature a couple of times, IIRC, their fee started at 0.5% + 0.0005BTC. There are a couple other trusted ones around to, but i've never used them.
The fact that i've used them without a hitch does not mean i completely trust them, nor that i'm completely vouching for them... It just means i've used them and got my coins back with a good taint analysis.

[kidoseagle0312]

My name is Chris and I am a big bitcoin enthusiast. I first heard of bitcoin in 2011 and have been following it closely since. I’m very enthused by Bitcoin’s performance over the year, and I’m very excited to see what the future holds as it continues to grow and gain momentum.

Currently, I’m looking for a way to take advantage of Arbitrage opportunities. Over time, I’ve established high limits on coinbase and I’d like to take advantage of this. My plan is to keep a surplus of cash on hand, as well as coins. I want to sell coins at a premium on localbitcoin, and buy more on coinbase. Essentially, if I sell 1 BTC on localbitcoin for 110% face value, I’ll replace it right away on coinbase at the current rate earning a 10% margin. Since I’m going long and holding these coins anyway, it won’t make much of a difference if the price dips here and there since I plan to hold XX amount of coins anyway.

The problem I am facing is: I heard that coinbase will suspend your account, even freezing your coins at times, if they find out that you are transferring them to localbitcoin. I don’t think that transferring the coins through several different wallets will add enough deniability and I don’t want to run into any trouble with coinbase. I’ve thought about using a coin tumbler, like Helix, but the 2.5% fee really dips into the potential earnings. I was wondering if there was another way to “tumble” coins for free? I’ve heard that if you trade BTC for an alt coin, and then back, this essentially “tumbles” them by getting the coins on/off the blockchain ledger, Is this true? Can anyone recommend a good website/service that trades BTC for altcoins rapidly and securely in a user friendly manner?

I know that there are risks to using localbitcoin (scams, frauds, etc) so I’ll probably stick to local cash transactions in safe places. I also don’t intend on moving tens of thousands of dollars around to raise any red flags. I’m really just looking to trade, help others, and earn some extra coin!

If you already heard about for what coinbase can do, I guess you act wisely about it or else you might gonna take yourself  in a very risk decision that you wanna make. I guess you create or generate another bitcoin wallet address its for the good I think and safe anyhow.

[jacee]

I was wondering if there was another way to “tumble” coins for free?

Not that I know of.
Cryptomixers fee is cheaper than that tumbling website you mentioned tho. They have a 0.5% fee + 0.0005 btc for every incoming transactions. Plus they have a discount everytime you use them often, you're discount will grow.
 https://[banned mixer]/fees.html

 

I’ve heard that if you trade BTC for an alt coin, and then back, this essentially “tumbles” them by getting the coins on/off the blockchain ledger, Is this true? Can anyone recommend a good website/service that trades BTC for altcoins rapidly and securely in a user friendly manner?

This was also suggested to me to save fees from using mixing services. I usually use c-cex or poloniex when I do this. Both are a well known alt teading webaite and withdrawals and deposits are done instantly.

Goodluck with trading!

[Mr.ExtraOrdinary]

My name is Chris and I am a big bitcoin enthusiast. I first heard of bitcoin in 2011 and have been following it closely since. I’m very enthused by Bitcoin’s performance over the year, and I’m very excited to see what the future holds as it continues to grow and gain momentum.

Currently, I’m looking for a way to take advantage of Arbitrage opportunities. Over time, I’ve established high limits on coinbase and I’d like to take advantage of this. My plan is to keep a surplus of cash on hand, as well as coins. I want to sell coins at a premium on localbitcoin, and buy more on coinbase. Essentially, if I sell 1 BTC on localbitcoin for 110% face value, I’ll replace it right away on coinbase at the current rate earning a 10% margin. Since I’m going long and holding these coins anyway, it won’t make much of a difference if the price dips here and there since I plan to hold XX amount of coins anyway.

The problem I am facing is: I heard that coinbase will suspend your account, even freezing your coins at times, if they find out that you are transferring them to localbitcoin. I don’t think that transferring the coins through several different wallets will add enough deniability and I don’t want to run into any trouble with coinbase. I’ve thought about using a coin tumbler, like Helix, but the 2.5% fee really dips into the potential earnings. I was wondering if there was another way to “tumble” coins for free? I’ve heard that if you trade BTC for an alt coin, and then back, this essentially “tumbles” them by getting the coins on/off the blockchain ledger, Is this true? Can anyone recommend a good website/service that trades BTC for altcoins rapidly and securely in a user friendly manner?

I know that there are risks to using localbitcoin (scams, frauds, etc) so I’ll probably stick to local cash transactions in safe places. I also don’t intend on moving tens of thousands of dollars around to raise any red flags. I’m really just looking to trade, help others, and earn some extra coin!

i guess you create a new Bitcoin Wallet address so in that  your money is safe now because i heard about from coinbase ,so act wisely  about it and don't take your miney go to scammer the best way is create a new bitcoin wallet address that your coins be safe to scammer so act wisely