Bitcoin Forum
May 28, 2024, 07:13:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Use Coinbase as a mixer?  (Read 987 times)
carlfebz2
Hero Member
*****
Offline Offline

Activity: 2954
Merit: 730


Seabet.io | Crypto-Casino


View Profile
April 27, 2017, 12:03:31 PM
 #21

I know I can use Poloniex as a mixer to prevent anyone I send BTC to from knowing all of my transaction history but the BTC withdrawal limits there can be a problem.  Can Coinbase be used as a mixer in the same way and is there a limit on BTC sends at Coinbase?  I know there is a buy/sell limit there but I can't find anything about a send limit.
If you don't have interest on using mixers then exchanges would really act as one and talking about coinbase I believe you can use it as a mixer too since transactions cant really be traced up and same as others said here if you are worried about the limit then you must submit valid documents which I assume most of people doesn't really like to expose their identity.For me it would be just fine as long we don't make big transactions which will the limit would really put us on hesitations.

European Central Bank
Legendary
*
Offline Offline

Activity: 1288
Merit: 1087



View Profile
April 27, 2017, 04:26:51 PM
 #22

Coinbase only freezes accounts for two reasons:

Quote
We are required to comply with an order from a court or other authority that has jurisdiction over Coinbase which compels us to restrict access to funds.
Quote
We are required by law to freeze or block assets in compliance with a sanctions program, including, but not limited to sanctions programs administered by the U.S. Office of Foreign Assets Control (OFAC).

https://support.coinbase.com/customer/portal/articles/1905680-does-coinbase-freeze-accounts-

I don't see how I could have a problem if I'm not doing anything shady and only looking to protect my privacy.

ok. and how well do you know the ins and outs of sanctions programs? and have you read all of their terms and conditions, i mean every single one?

there are thousands of people who've been shut down for no reason. i'm sure most of them were doing something stupid but a decent number weren't.

obviously nothing's gonna be confiscated from you, but it would be a pain to lose the ability to use them.
BitcoinNewsMagazine
Legendary
*
Offline Offline

Activity: 1806
Merit: 1164



View Profile WWW
April 27, 2017, 06:20:19 PM
 #23

Coinbase only freezes accounts for two reasons:

Quote
We are required to comply with an order from a court or other authority that has jurisdiction over Coinbase which compels us to restrict access to funds.
Quote
We are required by law to freeze or block assets in compliance with a sanctions program, including, but not limited to sanctions programs administered by the U.S. Office of Foreign Assets Control (OFAC).

https://support.coinbase.com/customer/portal/articles/1905680-does-coinbase-freeze-accounts-

I don't see how I could have a problem if I'm not doing anything shady and only looking to protect my privacy.

Coinbase freezes accounts for a variety of reasons. Read Appendix 1 of the user agreement you consent to when you open a Coinbase account.

Patatas
Legendary
*
Offline Offline

Activity: 1750
Merit: 1115

Providing AI/ChatGpt Services - PM!


View Profile
April 27, 2017, 06:38:03 PM
 #24

I know I can use Poloniex as a mixer to prevent anyone I send BTC to from knowing all of my transaction history but the BTC withdrawal limits there can be a problem.  Can Coinbase be used as a mixer in the same way and is there a limit on BTC sends at Coinbase?  I know there is a buy/sell limit there but I can't find anything about a send limit.
Yes probably,until the user finds out it is a coinbase address and sends them an inquiry asking for details of the sender.They'd give out your history including your IP addresses without any legal notices. 
milewilda
Legendary
*
Offline Offline

Activity: 3122
Merit: 1132



View Profile
April 28, 2017, 06:58:58 AM
 #25

I know I can use Poloniex as a mixer to prevent anyone I send BTC to from knowing all of my transaction history but the BTC withdrawal limits there can be a problem.  Can Coinbase be used as a mixer in the same way and is there a limit on BTC sends at Coinbase?  I know there is a buy/sell limit there but I can't find anything about a send limit.
Yes probably,until the user finds out it is a coinbase address and sends them an inquiry asking for details of the sender.They'd give out your history including your IP addresses without any legal notices. 
This would be the risk if the user would really find out if its an address being used by coinbase he will surely contact support and asking but i would like to know that its possible for coinbase to give details without its users permission? I dont know that they are working that way.If thats the thing then its risky even you hide yourself on the exchange risk of getting traced will be always there.

NeuroticFish
Legendary
*
Offline Offline

Activity: 3682
Merit: 6416


Looking for campaign manager? Contact icopress!


View Profile
April 28, 2017, 07:03:46 AM
 #26

Nothing shady whatsover, just looking to maintain my privacy.  I don't mind Coinbase knowing my transaction history, but not every person I send BTC to.

Xapo may be also useful for this. I've done it a (very) few times in the past for the same reason: "light mixer".
Well, back then Xapo also paid the fees, which I think that doesn't happen anymore.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
alani123
Legendary
*
Offline Offline

Activity: 2408
Merit: 1440


Leading Crypto Sports Betting & Casino Platform


View Profile
April 28, 2017, 07:07:31 AM
 #27

Using Coinbase as a mixer is perhaps the least reliable alternative to anonymising transactions. After a certain transaction, Coinbase will ask you to provide them with ID verification and answer what type of transactions you're sending and receiving if you wanted to keep your account.

Coinbase is NOT a privacy friendly service and their attempts to be in full compliance could have your transaction data shared with authorities (based on terms you agree upon when signing up).

TL;DR: If regarded as one, Coinbase is perhaps the worst coin mixerout there.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Caladonian
Hero Member
*****
Offline Offline

Activity: 1302
Merit: 540


View Profile
April 28, 2017, 07:41:45 AM
 #28

I know I can use Poloniex as a mixer to prevent anyone I send BTC to from knowing all of my transaction history but the BTC withdrawal limits there can be a problem.  Can Coinbase be used as a mixer in the same way and is there a limit on BTC sends at Coinbase?  I know there is a buy/sell limit there but I can't find anything about a send limit.
Yes probably,until the user finds out it is a coinbase address and sends them an inquiry asking for details of the sender.They'd give out your history including your IP addresses without any legal notices. 
This would be the risk if the user would really find out if its an address being used by coinbase he will surely contact support and asking but i would like to know that its possible for coinbase to give details without its users permission? I dont know that they are working that way.If thats the thing then its risky even you hide yourself on the exchange risk of getting traced will be always there.
that's the problem since coinbase really doesn't ask for permission as they banned you without noticed, might prefer to use exchange site like
polo and trex and pay for the fee instead of risking your btc being compromise if receiver finds out about your wallet address.
Patatas
Legendary
*
Offline Offline

Activity: 1750
Merit: 1115

Providing AI/ChatGpt Services - PM!


View Profile
April 28, 2017, 08:19:48 AM
 #29

   
Using Coinbase as a mixer is perhaps the least reliable alternative to anonymising transactions. After a certain transaction, Coinbase will ask you to provide them with ID verification and answer what type of transactions you're sending and receiving if you wanted to keep your account.
To simplyfy it further,they'd want to control what you can do with your bitcoins.The moment they find out something is against their policies,they'd call the FBI and give out your details and take control of your bicoins by locking your wallets.

Coinbase is NOT a privacy friendly service and their attempts to be in full compliance could have your transaction data shared with authorities (based on terms you agree upon when signing up).
Exactly!

TL;DR: If regarded as one, Coinbase is perhaps the worst coin mixerout there.
Coinbase is the worst thing ever happened to bitcoin.
bitcoinrocks (OP)
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
April 28, 2017, 10:30:52 AM
 #30

Coinbase would never give your info out to a non-government entity without a court order.  Even in the case of a government entity they might still refuse under certain conditions as was the case with the IRS.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!