kryptqnick
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March 29, 2020, 11:24:58 AM |
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Hello,
I usually get this question of people wanting to anonymize their BTC.
To this, the answer is one of the 2 methods :
1) use BTC mixer such as WASABI But there are talks about people getting involved in illegal things just because their BTC were mixed with illegal related BTC.
2) send your BTC to an exchange like bitbox, kucoin, huobi ... then buy monero, send them to another exchange like bitbox, kucoin, huobi ... and buy back BTC But what if those exchange are linked together so that monero transaction between two of them will be identified.
Are there other methods? what is the best method between the two above?
Thanks
Sell your Bitcoins and Use Cash, Problem Solved. FYI: Dumbest people in the world think they can hide public transactions stored in a public blockchain from the public. Want private transactions , Don't Store them in a Blockchain!Selling BTC for cash without being identified in any way in the process is not easy. If you use an ATM, it would probably require an ID verification. If you're making a deal with someone face-to-face, this person at least knows how you look and perhaps some other info. I do agree that using Bitcoin while aiming for complete anonymity is not that smart because Bitcoin aims for transparency in a certain way and is pseudonymous. One could, however, just use Monero or something similar, and this would ensure a higher degree of privacy. However, I remember an article by iamnotback that casts doubt on the total privacy of the so-called anonymous cryptocurrencies...
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davis196
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March 29, 2020, 11:36:19 AM |
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Hello,
I usually get this question of people wanting to anonymize their BTC.
To this, the answer is one of the 2 methods :
1) use BTC mixer such as WASABI But there are talks about people getting involved in illegal things just because their BTC were mixed with illegal related BTC.
2) send your BTC to an exchange like bitbox, kucoin, huobi ... then buy monero, send them to another exchange like bitbox, kucoin, huobi ... and buy back BTC But what if those exchange are linked together so that monero transaction between two of them will be identified.
Are there other methods? what is the best method between the two above?
Thanks
1.Use mixers at your own risk.I would never use a Bitcoin mixer service.Many people were scammed by mixers. 2.Avoid crypto exchange platforms,if you want to stay anonymous.You can use this forum.It has a currency trading sub-forum. 3.Use multiple BTC addresses and a different address for every transaction.Don't use one BTC address for multiple transactions. Those tips are about Bitcoin only.If you want to buy Monero,just do it.I'm not a expert in regards to anonymity,but whatever you do online,you just can't be 100% anonymous.
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Yatsan
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Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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March 29, 2020, 11:50:52 AM |
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Here's my way to make my BTC not trackable, Use two legit bitcoin mixer, Use the first and the receive wallet address wil be the second one, so that after mixing into the first mixer, it will go to the second and then, it will be transferred to your own wallet. If you are really cautious, then use 3 or more bitcoin mixers to make sure that your bitcoin is going to be not traceable 100%. I personally, use this process and it's effective.
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CarnagexD
Sr. Member
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Leading Crypto Sports Betting & Casino Platform
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March 29, 2020, 11:56:04 AM |
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Here's my way to make my BTC not trackable, Use two legit bitcoin mixer, Use the first and the receive wallet address wil be the second one, so that after mixing into the first mixer, it will go to the second and then, it will be transferred to your own wallet. If you are really cautious, then use 3 or more bitcoin mixers to make sure that your bitcoin is going to be not traceable 100%. I personally, use this process and it's effective.
Most of the people today now are using the bitcoin mixer and this is one of the best techniques that you can do because it is just simple converted your wallet address into other encrypted addresses and now you can use this to send to your funds easily. Also, we have different techniques too like sending the address into different accounts you manage but it looks like a hassle because it takes a lot of time like logging in into different platform and takes a lot of consumable conversions instead you are getting your funds immediately, still, it depends on you how do you manage the transactions.
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fenixosup
Jr. Member
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Activity: 120
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March 29, 2020, 02:19:05 PM |
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I dont think that exchanges is a good idea. They have internal tracking and can just block your account with all coins
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squatter
Legendary
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Activity: 1666
Merit: 1196
STOP SNITCHIN'
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March 29, 2020, 11:38:19 PM |
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In the end I find it easier to just trade it for Monero and use that instead. Monero Cake wallet makes it really easy to use. I'm not as familiar with it but Zcash is another coin that could be used. This is something to keep in mind: More than any other cryptocurrency, Monero users have had their accounts frozen and KYC demanded upon deposit to a third party service. Make sure to avoid all the services on this list. The exchanges listed there are known for selectively scamming Monero users. Zcash shielded transactions are not mandatory. Very few people use them. This makes the anonymity set very low, offering poor privacy guarantees.
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boyptc
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March 30, 2020, 08:42:58 AM |
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As quoted above from theymos' post. Using coinjoin requires you 0.1BTC as the minimum amount.
Many doesn't hold that much amount. Wasabi Wallet requires that, but others don't. Samourai Wallet's Whirlpool only requires a 0.01005 BTC minimum to access its 0.01 BTC pool. Its privacy guarantees aren't as good as Wasabi, though. Another great information. Thanks. I'll check and see this whirlpool from Samourai.
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bbc.reporter
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Activity: 3150
Merit: 1503
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June 08, 2020, 02:45:48 AM |
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The skeptical me thinks that the Europol is encouraging criminals to use Wasabi because it might be a honeypot. I have heard stories that the development team inject their own liquidity in the mixing process. It certainly will make mixing easier, however, it might also be considered similar to a sybil attack. Help me understand, I shake my head. Europol, the European Union’s law enforcement agency, internally presented a two-part report on Wasabi Wallet earlier this year, primarily analyzing the wallet’s use for criminal activities.
The report went on to say that “things are not looking good,” meaning it is not easier to trace bitcoin transactions taking place via Wasabi Wallet. It is also difficult to “demix” transactions, it added.Source https://www.theblockcrypto.com/linked/67493/bitcoin-mixer-wasabi-wallet-under-europols-lens-for-facilitating-dark-web-transactions
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metenjean
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June 08, 2020, 04:02:31 AM |
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Best way and most effective how to make money with bitcoin by trading or investing, many people become new rich person after investing and trade on bitcoin, but many people lost much money after know with bitcoin and altcoin as their trading way and now looks frustrated with bitcoin and never want to be part of bitcoin as investing or trading assets, we must careful when have to invest or buy bitcoin and when have to sell bitcoin.
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stiffbud
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June 08, 2020, 04:13:17 AM |
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Hello,
I usually get this question of people wanting to anonymize their BTC.
To this, the answer is one of the 2 methods :
1) use BTC mixer such as WASABI But there are talks about people getting involved in illegal things just because their BTC were mixed with illegal related BTC.
2) send your BTC to an exchange like bitbox, kucoin, huobi ... then buy monero, send them to another exchange like bitbox, kucoin, huobi ... and buy back BTC But what if those exchange are linked together so that monero transaction between two of them will be identified.
Are there other methods? what is the best method between the two above?
Thanks
You can exchange your bitcoins P2P for an anonymous cryptocurrency like monero and then you send them to another wallet and then your funds will be untraceable for sure. Or as a second option you can search for an exchange that doesn't require you to submit a KYC for initiating an exchange, then again send your coins buy monero, send them to another address and you will be anonymous. The privacy features of Monero makes it untraceable to prying eyes and this should be adapted by other coins also to make them more useful.
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Reatim
Sr. Member
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Activity: 3038
Merit: 383
Wheel of Whales 🐳
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June 08, 2020, 04:44:46 AM |
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Hello,
I usually get this question of people wanting to anonymize their BTC.
To this, the answer is one of the 2 methods :
1) use BTC mixer such as WASABI But there are talks about people getting involved in illegal things just because their BTC were mixed with illegal related BTC.
2) send your BTC to an exchange like bitbox, kucoin, huobi ... then buy monero, send them to another exchange like bitbox, kucoin, huobi ... and buy back BTC But what if those exchange are linked together so that monero transaction between two of them will be identified.
Are there other methods? what is the best method between the two above?
Thanks
Why there is specific Mixing company that you mentioned,cannot we use other mixer than that WASABI? Lol we have Chipmixer that is the most trusted and famous in this forum and outside so why needed to use that Wasabi exchange?and also you need to CAPITALIZED the mixer company name for promotion? I would rather use Chipmixer if i really wanted to stay anonymous ,even there are some extra expenses using mixing company but this is the best way to at least keep our privacy in our position. Thanks for sharing your thoughts but we already new what we need to do if this is the issue. Privacy is not that much demand if you are hiding nothing Bad in your transactions.
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