Anonymous BTC wallet over TOR

[Lionel]

Would the following method be good for getting and holding BTC anonymously in long-term ?

1- Create an encrypted BTC wallet on your PC, make sure Bitcoin Core is using TOR

2- Buy BTC on Bitstamp with Fiat ( without TOR, would make no difference due to required ID verification )

3- Send BTC to your local wallet

4- Save the encrypted wallet.dat in cold storage , just to have a backup

Now, adversaries may think you sent coins to yourself , because Bitstamp knows that's you, so that shady local BTC address probably is yours.

BUT, when they knock at your door they will find just encrypted data and you are not going to give them the password.
So they don't have the proof that BTC address is yours, right ?

You can pretend that someone hacked your Bitstamp account and robbed your coins

P.S. Alternatively we can use I2P instead of TOR, but i am not sure it will be more secure, i don't know the differences and implications from a privacy standpoint

Also, would it be safe to navigate with a non-TOR browser while Bitcoin Core runs over TOR?

[nicolioz]

Just buy btc, don't spend it (your public key will never appear in the blockchain), and write down the keys on a piece of paper, then hodl

[TryNinja]

No need to use tor. The safest method would be:

1. Download the bitaddress.org source from GitHub[1], disconnect from the internet and generate a private key.
2. Print your private-key or write it down.

You may also use a Bitcoin Mixer to hide your traces. So you buy from Bitstamp -> Send to mixer -> Withdraw to your address. No one will know if you still has access to the Bitcoins and the exchange can't link you to your address.

[1] https://github.com/pointbiz/bitaddress.org/releases

[Lionel]

Just buy btc, don't spend it (your public key will never appear in the blockchain), and write down the keys on a piece of paper, then hodl

To buy means you have to receive them to your wallet, so your public key does appear to the blockchain.
Then there is no point in having money if you are never going to spend it..

And what's the problem if you use TOR?
Your public key is in the blockchain but they don't know that's from your IP, could be of some hackers that robbed your coins from Bitstamp

"hodl".. what does it mean?

[Lionel]

No need to use tor. The safest method would be:

1. Download the bitaddress.org source from GitHub[1], disconnect from the internet and generate a private key.
2. Print your private-key or write it down.

You may also use a Bitcoin Mixer to hide your traces. So you buy from Bitstamp -> Send to mixer -> Withdraw to your address. No one will know if you still has access to the Bitcoins and the exchange can't link you to your address.

[1] https://github.com/pointbiz/bitaddress.org/releases

Mixers.. there's no guarantee that they are not writing logs. AFAIK they may just earn coins by charging fees to their users without caring  about your privacy .

[wealthium]

You may consider to join a reliable vpn service instead of using tor.

[Cult]

No, that's not how you can have anonymous coins, you'll need to exchange to some other anonymous coin, maybe doing it a few times so blockchain trace can be lost, also using TOR when accessing some key websites.

Bitstamp coins are precisely the opposite of anonymous.

[odolvlobo]

Would the following method be good for getting and holding BTC anonymously in long-term ?

Also, would it be safe to navigate with a non-TOR browser while Bitcoin Core runs over TOR?

You don't need Bitcoin Core (or any wallet software) to hold bitcoins, and so you don't need TOR. Look up "paper wallet".

Furthermore, all information on the Bitcoin network is public knowledge and unencrypted. There is little benefit to using TOR in your case, except to prevent others from discovering that your IP address is on the network.

[mvidetto]

As an option you can use offline wallets and keep BTC on your account. It is safe and reasonably secure on an Internet connected computer.

[Red_Sanford]

No, that's not how you can have anonymous coins, you'll need to exchange to some other anonymous coin, maybe doing it a few times so blockchain trace can be lost, also using TOR when accessing some key websites.

Bitstamp coins are precisely the opposite of anonymous.

Is this effective ? I was sloppy getting my BTC and shuffling between exhanges and wallets. Now I have various different alt's that I plan to hold long term but would like to disconnect myself from them, existing wallets and exchanges.

I want to start over again but how ?

Should I just use shapeshift and send them to a new offline wallet ? Like convert eth to btc and btc to eth and the like ? or should I convert all to monero and then swap from monero to my preferred diversification.

[suppersz]

If you are interested in tor integrated wallets, there is a new coin called deeponion in a current free airdop going on, the wallets have tor integrated into everything and is anonymous if you are interested.

[TryNinja]

I want to start over again but how ?

Should I just use shapeshift and send them to a new offline wallet ? Like convert eth to btc and btc to eth and the like ? or should I convert all to monero and then swap from monero to my preferred diversification.

Option 1: Just use a Bitcoin Mixer. Fast and simple.

Option 2: Exchange BTC --> Monero through ShapeShift, and then use xmr.to to exchange Monero back to BTC. Your coins can't be linked back to you anymore.

Those are the best options I can think off if you want to "clean" your coins.

If you are interested in tor integrated wallets, there is a new coin called deeponion in a current free airdop going on, the wallets have tor integrated into everything and is anonymous if you are interested.

And why exactly would he want to buy a shitcoin? It's not like he is going to do anything other than lose money by doing that. Stop shilling for the sake of your signature campaign.

[pooya87]

when you buy bitcoin on an exchange (your step 2) and then send it to your bitcoin address, you are not anonymous anymore. you have given your identification to that exchange and they (and whoever asks them) know who you are and what your bitcoin address is. using TOR doesn't change anything!

the first thing you need to do is to decide what is it you are trying to hide?
and what level of anonymity you are looking for?

depending on these two, it can be a simple paper wallet which you send the coins from exchange to that, or it can be a complicated route of using mixers, anon coins such as Monero and finally bitcoin in paper wallet. but these cost differently because of their fees.