Bitcoin Address Tracing and Trading Question

[viking02]

I have one bitcoin address where i have over 50 transactions on it.  I notice other address have either 1 or 0 transactions on it.  I heard the irs is now tracking bitcoin etc.


So does that mean if i use an address once or twice etc... then there is less tracking?  Thus imagine i send btc to an exchange like bittrex.  If i use a new btc address to receive btc each time from electrum wallet, is that better?  Or it doesn't matter since its the same program?


I always hear people say dont use the same address more than once.  But are there really ppl that never do it more than one?  Because wouldnt someone have hundreds or even thousands if that is the case?  The thing is if i want to do trading on bittrex, it probably would be good idea to send bitcoin from an address on electrum that has 0-1 transactions only?  I will be using bittrex and only doing small amounts in the beginning to trade.  Would it be better send btc and receive btc from my electrum wallet with an address that is used 0 or 1 time?  Because if i use one that has lot of transactions, would they look at my old transactions back then etc?   

[pawanjain]

Even if they are tracking bitcoin transactions how does it matter ? It should not matter to you unless you are doing anything wrong.
They say that bitcoin is anonymous and tracing it is a tough job, in that case you are good to go and changing the addresses frequently will lower the chances of getting traced.
But what if they have terminology to detect the bitcoin transactions based on an IP address. For example if they have your IP address then they can see all your transactions despite you changing the address. That will surely be a situation of trouble.

[Patatas]

I have one bitcoin address where i have over 50 transactions on it.  I notice other address have either 1 or 0 transactions on it.  I heard the irs is now tracking bitcoin etc.

Don't worry.They can't trace you unless you have revealed that you own that address publicly.It's all a big mess and Irs can't do shit.Even crypto-experts can't trace address like that.

So does that mean if i use an address once or twice etc... then there is less tracking?  Thus imagine i send btc to an exchange like bittrex.  If i use a new btc address to receive btc each time from electrum wallet, is that better?  Or it doesn't matter since its the same program?

There you go,using Bittrex can easily help IRS trace your real identity as the exchange has all your details.No matter where do you store your coins,once it goes to your Bittrex account,it's all revealed.Also it's always a good choice to use a new address for every transaction.

I always hear people say dont use the same address more than once.  But are there really ppl that never do it more than one?  Because wouldnt someone have hundreds or even thousands if that is the case?  The thing is if i want to do trading on bittrex, it probably would be good idea to send bitcoin from an address on electrum that has 0-1 transactions only?  I will be using bittrex and only doing small amounts in the beginning to trade.  Would it be better send btc and receive btc from my electrum wallet with an address that is used 0 or 1 time?  Because if i use one that has lot of transactions, would they look at my old transactions back then etc?   

They wouldn't give a shit.They will just ask Bittrex for your doxx and they'd have it.Are you that concerned ?Stop trading on centralised exchanges.

[viking02]

I have one bitcoin address where i have over 50 transactions on it.  I notice other address have either 1 or 0 transactions on it.  I heard the irs is now tracking bitcoin etc.

Don't worry.They can't trace you unless you have revealed that you own that address publicly.It's all a big mess and Irs can't do shit.Even crypto-experts can't trace address like that.

So does that mean if i use an address once or twice etc... then there is less tracking?  Thus imagine i send btc to an exchange like bittrex.  If i use a new btc address to receive btc each time from electrum wallet, is that better?  Or it doesn't matter since its the same program?

There you go,using Bittrex can easily help IRS trace your real identity as the exchange has all your details.No matter where do you store your coins,once it goes to your Bittrex account,it's all revealed.Also it's always a good choice to use a new address for every transaction.

I always hear people say dont use the same address more than once.  But are there really ppl that never do it more than one?  Because wouldnt someone have hundreds or even thousands if that is the case?  The thing is if i want to do trading on bittrex, it probably would be good idea to send bitcoin from an address on electrum that has 0-1 transactions only?  I will be using bittrex and only doing small amounts in the beginning to trade.  Would it be better send btc and receive btc from my electrum wallet with an address that is used 0 or 1 time?  Because if i use one that has lot of transactions, would they look at my old transactions back then etc?   

They wouldn't give a shit.They will just ask Bittrex for your doxx and they'd have it.Are you that concerned ?Stop trading on centralised exchanges.

Then what exchanges could you trade at that are not centralised exchanges?

[jerry0]

Okay so if i send btc from my address, there will be a trace no matter what right?


So does that mean if i receive new btc now... and have them sent to a different btc address on my electrum... then when i send btc to bittrex or another site... as long as i click send btc from this address, then there is no trace etc?  I dont mind trace but if it can be avoided, i would prefer that as i do want to be more anonymous.

[pooya87]

Okay so if i send btc from my address, there will be a trace no matter what right?


So does that mean if i receive new btc now... and have them sent to a different btc address on my electrum... then when i send btc to bittrex or another site... as long as i click send btc from this address, then there is no trace etc?  I dont mind trace but if it can be avoided, i would prefer that as i do want to be more anonymous.

this "trace" that you have heard of are the transactions that are always on the blockchain. they are stored there for everyone to see. we can all see bitcoin going from one address to another and another, and so on. this is why they say bitcoin is not anonymous.
but at the same time, we are only seeing bitcoin transactions, we see some address received some amount, and sent some other amount. that is all. what we don't know is who does these addresses belong to. and unless there is a link, we can not say.

[jerry0]

Well i want to use an example.  One of the addresses i used a lot.  When i typed it in the blockchain.info, i notice you could see all the transactions that i have done with it.  The reason being i used this address a lot.   


I want to start using an address once and that is it.  I assume this would not be possible with the bitcoin in my electrum then?  Because if i send btc from that address to one i never used, well it still would trace back to all those transactions i ever did with it?


However, what if i receive btc now and then have the site send the btc to an address i never used before.  Then when i send btc to another site, i would then click send from that address right?  That way the btc i send would be coming from that specific address?  Then when i want to receive btc, i give a new address everytime?  That way from here on out... there would be just the 1-2 transaction trace only as oppose to using the same address say over 25+ times?  Im guessing i phrased it correctly where you know what i mean by this?  I want to make sure from now on... any transaction i do with btc i get i want privacy and to use an address once.  Can you tell me if what i described is the proper way to do this?  Because if i have a site send me btc to a new address of mine in electrum... if i were to then send btc from my electrum to another site, well they would probably send it from my old btc address that i used right that there would be a trace of all those transactions?  I dont mind the tracing but if people say use an address once only so there is no tracing, then i would rather do that.  Would this be more private?  Thus i want to send btc and receive btc to an address once.  Can you tell me exactly how i can do this?  But no matter what, any btc i currently have in my electrum, this would not be possible to do right?  For example if i were to send btc to blockchain... then have it sent to a new address on my electrum, that won't work as it would show the entire btc history transaction right?  But any btc that i receive from a site to a new btc address, that would be fine as starting now, i make sure whenever i send btc, always click send from that address?  And i have to make sure i dont touch any of my btc in my wallet right?  So imagine someone has 0.5 btc in their wallet.  Thus you receive 0.25 btc to a new address.  As long as you send 0.25 or less btc where it doesn't touch the original amount of btc you have and make sure you send it from this address, you would be using an address once only and thus have more privacy?

[13abyknight]

I have one bitcoin address where i have over 50 transactions on it.  I notice other address have either 1 or 0 transactions on it.  I heard the irs is now tracking bitcoin etc.


So does that mean if i use an address once or twice etc... then there is less tracking?  Thus imagine i send btc to an exchange like bittrex.  If i use a new btc address to receive btc each time from electrum wallet, is that better?  Or it doesn't matter since its the same program?


I always hear people say dont use the same address more than once.  But are there really ppl that never do it more than one?  Because wouldnt someone have hundreds or even thousands if that is the case?  The thing is if i want to do trading on bittrex, it probably would be good idea to send bitcoin from an address on electrum that has 0-1 transactions only?  I will be using bittrex and only doing small amounts in the beginning to trade.  Would it be better send btc and receive btc from my electrum wallet with an address that is used 0 or 1 time?  Because if i use one that has lot of transactions, would they look at my old transactions back then etc?   

How do you think these security agencies will even figure out a Bitcoin address to be yours? Unless your country has forbade Bitcoin usage, you should be fine as it doesn't matter if you use one address or hundreds.
If you're really concerned about your security and insist on using a new address everytime, just create a new address for each output transaction and send the balance amount of coins to your new address.

[ditinhu]

In theory they can not track you down unless they know the address is yours, I would not worry unless it's something very wrong and you end up dk complicated if you have high amounts. But he would need someone to know that it was his address they wanted to track.

do not worry too much about it, the work is so great to track down that it would have to be something at the international level to interest you in tracking down.

[squatz1]

I have one bitcoin address where i have over 50 transactions on it.  I notice other address have either 1 or 0 transactions on it.  I heard the irs is now tracking bitcoin etc.

Don't worry.They can't trace you unless you have revealed that you own that address publicly.It's all a big mess and Irs can't do shit.Even crypto-experts can't trace address like that.

So does that mean if i use an address once or twice etc... then there is less tracking?  Thus imagine i send btc to an exchange like bittrex.  If i use a new btc address to receive btc each time from electrum wallet, is that better?  Or it doesn't matter since its the same program?

There you go,using Bittrex can easily help IRS trace your real identity as the exchange has all your details.No matter where do you store your coins,once it goes to your Bittrex account,it's all revealed.Also it's always a good choice to use a new address for every transaction.

I always hear people say dont use the same address more than once.  But are there really ppl that never do it more than one?  Because wouldnt someone have hundreds or even thousands if that is the case?  The thing is if i want to do trading on bittrex, it probably would be good idea to send bitcoin from an address on electrum that has 0-1 transactions only?  I will be using bittrex and only doing small amounts in the beginning to trade.  Would it be better send btc and receive btc from my electrum wallet with an address that is used 0 or 1 time?  Because if i use one that has lot of transactions, would they look at my old transactions back then etc?   

They wouldn't give a shit.They will just ask Bittrex for your doxx and they'd have it.Are you that concerned ?Stop trading on centralised exchanges.

This is full of a bunch of stuff that is just so false it's gross.

They can trace you, there are tons of Crypto EXPERTS that are able to find out who you are from your address -- as most likely you're going to be linked to a profile with your addy, which is something that you've used on other sites.

It doesn't even matter if you have more then one address, if you're sending money there's just going to be more then one input -- so all of your addresses are now going to be found out as linked. So this doesn't even help much

If you're really scared, I'd say go with coin mixing as that's your only way of ensuring that no one is able to track your coins -- though ensure to pick a reputable mixer and use the most security that they allow you too.

[AngelSky]

In theory they can not track you down unless they know the address is yours, I would not worry unless it's something very wrong and you end up dk complicated if you have high amounts. But he would need someone to know that it was his address they wanted to track.

do not worry too much about it, the work is so great to track down that it would have to be something at the international level to interest you in tracking down.

Now all the bitcoin addresses are turns as a dynamic address. If you know who is address is that also you will never continue to trace the transaction all the time. Can be check only the concern address you know other auto generated will not be known to you.
There are some active highest amount contains bitcoins address still alive in the Google results and you can check that too.
What international level can track the transaction. Simply stupid to hear your thought.

[patt0]

Then what exchanges could you trade at that are not centralised exchanges?

Decentralized exchanges are not new, and I think there a few for you to try, but they usually don't have to much liquidity because they are still not very popular. They all rely on blockchain so don't forget you will need to download and install a client in order to use them, and you can't just open an account on a website, like you would do with a normal centralized exchange. Finally, it's not very easy to trade tokens that exist outside the decentralized blockchain, at least not until atomic swaps get implemented.

As for a list of decentralized exchanges, you have Waves DEX, BitShares, NXT, Komodo. There are probably more, but these are the ones I've heard of.
I still find them to "difficult" so I haven't tried any one of them yet. If you decide to try them, let us know how it went.

[jerry0]

okay so back to my original question... any btc that i have in my electrum wallet now... one address i used over 25 times already.  So that means if i send/receive from it, it will get tracked to all those previous transactions right?


Now what if i receive btc from now on?  Such that right now i receive btc from a site but give them a different btc address i never used.  Then i send btc to another with it.  Then say i withdraw btc from that site but give them a new btc address every single time.  Then everytime i have btc or receive btc, i give the site a different address everytime.  And everytime i send btc to the site, i have to MAKE SURE I CLICK SEND BTC FROM THIS ADDRESS RIGHT?  That way it doesn't get connected to the btc address i used over 25 times?  I want to make sure from here on out...  any btc i receive and send ... that transaction is used once only.  So can someone tell me how i can do this?


So what about the btc already in my electrum?  So say i send all my btc to blockchain or another site.  Then i withdraw some btc back to my electrum wallet but of course give a different receiving address.  When i receive those btc... would it show the previous history of the btc that i sent them previously or not?  The thing is i want to make the btc i have at the moment have privacy and not when i post on it, it showed all the btc transactions i ever did etc.   Can someone answer this for me?  Right now i want to make sure any btc i receive from now on and then i send only gets used once... so how do i make sure of this?  And is it possible for me to move the btc from my old btc address where i used over 25 times to where it would only show 1 transaction on blockinfo etc?

[shursight]

I have been always using a multi signature wallet, i do not want to my transactions to get compromised, that is why i am always using the multisig option on my nano ledger.
it is much more safer than just using a single addres, because if there are some curious people laying around your addres there is no way for them to check if you are wealthy or not.
I really suggest you to use this method if you do not want to that institution to look for your addreses, and you can still use a mixer too if you want to protect your privacy a little bit more.

[jerry0]

Can someone tell me how i could receive and send btc now where it would only show 1 transaction?  Is the any bitcoin i receive now and then sending it from that address only enough to not show my previous transactions?  The thing is i was told its better to use an address just once as that is better  and more privacy.


Can someone read my previous response and tell me if what im describing is the proper way to go with this?