Why not use Exchange instead of Mixer?

[Sithara007]

Earlier, it was not mandatory to provide the KYC information to the exchanges. In such cases, it was OK to use them to anonymize your coins rather than using a mixer. But as other users have pointed out, exchanges are not exactly created to add a layer of anonymity to your coins. If someone wants to trace back the cryptocurrency transactions to you, then he will be able to do that. Exchanges maintain logs containing information about the incoming and outgoing transactions. Anyway, now the question no longer arises, because KYC is mandatory for almost all the exchanges. If you want to trade using an exchange, then you need to provide the scanned copy of your passport or the national ID. BTW, if you are really looking for anonymity, then is 1% to 3% fee that high to afford? IMO, it is not.

[iMark]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

Yeah, I think the benefits will be the same, but I think the answer is the mixer is more simpler than the exchange site. imagine you have to create an account, verify KYC so that your account can be used for large transactions, and other complicated requirements. Whereas in the mixer, you only need 1 click and your money will go to your wallet from an unknown bitcoin address.

[timerland]

Well, if you could use exchanges to shuffle your funds, what would be the point of having a mixer? There's actually been a lot of cases where exchanges have taken or paused a transaction either due to the volume of it, or it being possibly illegal - mixers don't care and wont do this to your funds.

Exchanges will also have/keep your data and it's no way near as safe or anonymous as using a trusted mixer service, for example chipmixer.

[pooya87]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.

it comes down to whom you are trying to hide from when mixing your coins!

for many users it is to prevent any random prying eyes from snooping around in their pocket to know how much bitcoin they own and where they spend it at. and since most of them already have accounts on some exchange site for buying bitcoin or trading altcoins then using that same account for mixing some  coins makes a lot of sense.

although it may not sound like it but using mixers is a lot safer than using exchanges! there has never been any cases of a mixer scamming any user ever (there are scam sites calling themselves mixer but that is different) but there has been lots of cases of popular big exchanges scamming their users and robbing them!

[rijaljun]

There is no full anonymity in this crypto space, including mixer so people who said mixer is to anonymize the transaction is not 100% true. I'm sure the company holds the notes. So the reason why people rather to use mixer than exchange must be in its function, its purpose. Exchange is made for trading and mixer is made for anonymizing your transactions. Have you try to mix your Bitcoin on exchange? Oh your efforts is actually useless because it's not made for it.

[qwertyup23]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

The reason on why most mixers are profitable (and prohibited) are due to the fact that it provides absolute anonymity in the transactions. For example, if you were to use a mixer, the funds will be sent intermittently with necessary intervals to avoid tracking.

Exchanges, on the other hand, require you to fill details about your personal information (basically KYC). Depending on the exchange, some require personal IDs and addresses so you can increase the limits of your account with regard to withdrawal and deposits.

Although both have their corresponding transaction fees, mixers are generally higher in fees but they do provide absolute anonymity if you were to transfer funds from one wallet to another.

[wildey]

from what I know, some exchangers are not anonymous. this is because the exchanger requires its users to do KYC. it makes a person's identity no longer a secret. Because of this, the exchanger team might be able to find out what you are doing to your money, and can prevent if something unexpected happens, can even cover the delivery that we do. in contrast to mixers, which are actually used as a pathway to eliminate transaction traces, and difficult to track

[ashmodeus]

well, i never using mixer service before.
but, based on my knowledge, mixer have more privacy and anatomy after all.
for example : u deposited some btc to binance, then u withdraw ur asset from it.
of course, they have track record about ur transaction,ur data as well.
although they will never share ur history to anyone, but it doesn't make u cant be tracked.
since the history of blockchain can be viewed,and transfer between the exchanges to the users have a simple transaction with original transactions and the final address of the coins.
and the simple explanation about mixer works is attempts to sever the links between your old address and a new address by sending coins from you to other people and coins from them to you with randomizes transaction amounts and sometimes adds time delays to the transactions.

[Lhaine]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.

Unless the exchnage you use doesnt required KYC .  you can easily be tracked if you will use exchange for that . and if the   BTC ypu send is came from illegal activity you will be jailed,

[gunhell16]

Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.

If this is the main reason then i will ask again why we need mixers?
The transaction of bitcoin is anonymous and there will be no identification needed on both parties.
Therefore there will be no one knows who made the transaction.

[meanwords]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

That won't work. Most exchanges ask for email addresses or worst, KYC. if you fill this up, you are already telling them your location so it won't work when you want to do anonymous transactions. Mixer is still a better choice. Well, decentralized exchange can be a choice too if that is what you are saying. I don't know much about the transaction process of decentralized exchange but they don't ask for KYC or email address. Just don't forget to use TOR or VPN.

[The_Voice]

You could use your own wallet as long as it and the chain was BIP65 which many are and someone listed it on BlockDX.

Then you are your own exchange - no KYC unless you are checking your own ID's LOL

Wallet to Wallet trading with ATOMIC SWAPS.


Since its me at my computer and you at your computer - there is no email. You run the dApp which is the Peer to Peer DX.

So you are the maker/taker and so am I with atomic swaps - we are both protected 100% trustless.

Heck we could exchange offer on bitcointalk or for that matter 4chan post it on the BlockDX dApp and neither of us could scam each other.

It needs to use Full Node - REAL wallets (lite wallets in future) so this isnt a newb exchange platform - you need to run your own wallets.

[DabsPoorVersion]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.

Unless the exchnage you use doesnt required KYC .  you can easily be tracked if you will use exchange for that . and if the   BTC ypu send is came from illegal activity you will be jailed,

That's true, in exchange your transactions can be seen the history of transactions where you send your transactions. Using mixer is better it will give you anonymity. Most of the biggest exchanges now requires KYC to be able to withdraw, sometimes it also have a level of how much you can withdraw everyday or every month. In mixer you can avoid those limitation when sending funds.

[Kakmakr]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.

Unless the exchnage you use doesnt required KYC .  you can easily be tracked if you will use exchange for that . and if the   BTC ypu send is came from illegal activity you will be jailed,

The KYC regulations is just one of the things that makes it difficult for exchanges to mix people's coins. These exchanges keeps logs of every transaction that are done on their platform, where most Mixers have no logs of any of their transactions. The exchanges also use transaction analysis software and surveillance methods to determine where coins originate from to enforce their ToS. 

Mixer services do not even look at the previous track history of the coins you are mixing, it just takes any coins and push it through a tumbler with other coins and then push out mixed coins, without asking any questions. 

[Kyraishi]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.

it comes down to whom you are trying to hide from when mixing your coins!

for many users it is to prevent any random prying eyes from snooping around in their pocket to know how much bitcoin they own and where they spend it at. and since most of them already have accounts on some exchange site for buying bitcoin or trading altcoins then using that same account for mixing some  coins makes a lot of sense.

although it may not sound like it but using mixers is a lot safer than using exchanges! there has never been any cases of a mixer scamming any user ever (there are scam sites calling themselves mixer but that is different) but there has been lots of cases of popular big exchanges scamming their users and robbing them!

Agreed, with exchanges you are opening yourself up to a lot of eyes, and we've seen so many issues with big deposits. We've heard all about the stories where exchanges would stop a transaction due to it being dodgy, and we've never seen that happen with mixers.

Mixers are definitely the safer bet, even if they might not be moving as much as exchanges - most of them after the transactions are completed, they won't even record any transactions so it's truely safe.

[shoreno]

Most exchanges ask for email addresses or worst, KYC.

some exchanges dont require manual sign up and dont require a kyc at all . kyc are only for bigger amounts of transactions . also ,  if an exchanger ask for kyc , you can use temporary email to hide your real identity.

decentralized exchange can be a choice too if that is what you are saying. I don't know much about the transaction process of decentralized exchange but they don't ask for KYC or email address. Just don't forget to use TOR or VPN.

dex or decentralized exchange were already anonymous , so why need for tor or vpn ? though you can still use those tools if you are really conscious about your privacy or if the site is blocked on your country

[o_e_l_e_o]

also ,  if an exchanger ask for kyc , you can use temporary email to hide your real identity.

That's not what KYC is. KYC is demanding pictures of driver's licenses, passports, bills, tax forms, paychecks, selfies, and so forth. You can't bypass it with a fake email address.

dex or decentralized exchange were already anonymous , so why need for tor or vpn ?

Just because they do not collect your personal details or ask for KYC, doesn't automatically make them anonymous. They will of course collect your IP logs, browser fingerprints, and other potentially identifying information. If you are trading fiat, then depending on your chosen method you may also reveal your details to the person you are trading with (using a bank transfer, for example). If you want to be anonymous in your usage, then you should be using Tor and an anonymous payment method.

[microsurfer]

You should pass KYC in the exchange often

[khaled0111]

You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.

It is not just because exchanges may ask for KYC when you reach a certain limit, but it is because almost all exchanges log their users personal data such as IPs, browser, OS.. besides they keep a record of all recent transactions and used addresses.

Mixers are completely different from exchanges. They are used for different purposes and hence don't work the same way.

[panganib999]

So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.

Both exchange and mixers are essentially helpful and has its purpose, choosing it will vary according to its purpose and where you're gonna use it, if you're planning of investing, trading, or you want to have a high-powered and reliable security, i think uou should use mixers because it will actually break.the link of your address both the reciever and the sender making it untraceable together with making your privacy key private as it said. , if your gonna have a simple life in crypto you can use exchange instead.