Best ways of making BTC Not trackable

[fred21]

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

 

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[ABCbits]

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.

Wasabi is Bitcoin wallet with built-in CoinJoin, not mixer.

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.

It's likely they will ask you KYC verification and write all transaction details. If government decide to track you, you'll be tracked easily.

[squatter]

This is Theymos's opinion, at least as of last year:

That said, there are two halfway-decent mixing methods currently:

#1 - Wasabi wallet

The Wasabi wallet uses CoinJoin in order to anonymize BTC.

 - Pros: Easy to use; fairly cheap ~0.15% fee; pretty good privacy; automatically uses Tor
 - Cons: ~0.1BTC minimum; with a great deal of effort and investigation, transaction analysis may still be possible, especially if you leave other traces; the coordinator could possibly do an active sybil attack against specific coins

#2 - Monero

Monero is not a magic black box which provides perfect anonymity! If you use eg. flyp.me to buy XMR and then quickly sell this XMR on flyp.me again, it is blatantly obvious to flyp.me what you've done (if they keep logs), both due to the amounts and the specific Monero inputs used. In order to get decent privacy, you have to do something like this:
 1. Convert BTC to XMR (using your own Monero wallet, not a hosted wallet).
 2. In two or more transactions of random amounts, move XMR from that wallet to a different wallet/account.
 3. Optionally, you can repeat the above step with additional wallets/accounts for greater anonymity.
 4. Preferably in two or more transactions of random amounts, convert the XMR in your last wallet in the chain to BTC.
 
Ideally, all of the above should be performed over as long a period of time as you can tolerate.

 - Pros: Possibly the best anonymity, especially if you're able to stay within the XMR ecosystem to some extent
 - Cons: You should use Tor with Monero, but you have to set this up manually; it's all more difficult; you're exposed to exchange rate risk; transaction fees may be significant

P.S.
If services like ChipMixer operated based on blinded bearer certificates, then they'd be in many ways superior to both of the above mixing methods. Someone should work on this.

Note the postscript at the bottom. ChipMixer may be in the process of implementing a blinded scheme:

If Chipmixer were interested in running such a service, I would be interested in implementing the code to turn Chipmixer into a Chaumian bank.  Trustless for privacy, though you must trust them to not steal your money (just as now).  I would use a protocol designed by cryptographers, not my own concoction; blinded signature schemes are hard to get right (plus there is some existing open-source code I may adapt).

We have contacted nullius about developing Chaumian bank.

[fred21]

It's likely they will ask you KYC verification and write all transaction details. If government decide to track you, you'll be tracked easily.

Those exchanges use KYC only when using important amount.

Wasabi is Bitcoin wallet with built-in CoinJoin, not mixer.

Coinjoin is putting different amounts of BTC from different persons in one or several transaction and then getting several outputs with the same amount so that It is difficult to know to whom the outputs are.
But if your name is tied to a transaction and another transaction in the coinjoin process is tied to criminal activities, The authority will make no distinction even if you are not involve.

Mixer way of working are not so different from coinjoin. You put some BTC with other people's BTC, then several transaction are done. Then you recover your BTC on different addresses.

I have heard that mixers are now illegal in the US. Some mixer have been shut down and mixer owners condemned.


are you from chipmixer (because you promote it)? is it reliable?

is flyp.me reliable?

[anu1908]

Mixer way of working are not so different from coinjoin.

it is different. with mixer you relies on a third-party.

You put some BTC with other people's BTC, then several transaction are done.

no it is not. you sent your btc to a mixer but they can send it in batches, in single tx, or just give you a private key(s) for another address unrelated to yours.

[pakhitheboss]

The problem with exchange it is that upto 2 BTC there is no need for KYC but anything bigger than that you have to go through KYC. I think the best option is to deal BTC over the counter.

Buy BTC using an exchange then transfer it to your wallet and later on convert it to fiat over the counter. The only issue is to find a reliable buyer.

Anyways Bitcoin was not created for the sake of anonymity but for decentralisation. If you want to hide your transactions always use privacy centric coins.

[Nadziratel]

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

 

Unfortunately there is no option that you can make your transaction untrackable.
yes, you can use mixer services and wallets like Wasabi also but Bitcoin transaction is always transparent and it can be trace all the time. With some intelligent.

[suzanne5223]

It's likely they will ask you KYC verification and write all transaction details. If government decide to track you, you'll be tracked easily.

Those exchanges use KYC only when using important amount.

Thats correct but the use of exchange site as anonymity is concern is never a good one because almost all crypto currency use Google ReCAPTCHA which i believe can still be used to collect users data.

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.

Wasabi is Bitcoin wallet with built-in CoinJoin, not mixer.

That's correct but it a wallet with confidential payment technology which can also be consider was a means of making anonymous payment and shouldn't be consider as mixer but it still good than some mixing company i dont want to mention name.
It better to make use of a mixing company though when anonymity is big priority.

[johnyj]

The most secure way: Buy a mining farm and mine the virgin coins 

[coincruncher1982]

The most secure way: Buy a mining farm and mine the virgin coins 

You can also do cloud mining using Nicehash as well and get virgin coins this way.

[btcholder]

All i know if you don't want to someone track your transaction you should use any well known coinmixer. You can find here some.

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.

Well that's a common trick but i guess it's not good enough. Cause it's depend on how much coin you want to withdraw. Because many of those exchanges will be want KYC if btc withdraw amount is high (more than 2 btc or depends on separate exchanges).

The most secure way: Buy a mining farm and mine the virgin coins 

That was good anyway.

[Sadlife]

Best way to keep your Bitcoins safe is to put it in a ledger nano then send Bitcoins anonymously, i also agree that you can send payments through exchanges but only if that exchange has no KYC needed. One of my recommendations is Yobit but the downside is, it's extremely laggy.

[boyptc]

As quoted above from theymos' post. Using coinjoin requires you 0.1BTC as the minimum amount.

Many doesn't hold that much amount. Using an exchange might also track you as mentioned if you come up to the point that the government will coordinate with the exchange you have used.

Converting to Monero might be the most ideal if you don't think mixers are not good enough.

[klava1983]

The first way is better, I prefer using Bitcoin mixers/tumblers websites too. The second way with buying Monero is more sophisticated, but gives you the same result in the end.

[squatter]

I have heard that mixers are now illegal in the US. Some mixer have been shut down and mixer owners condemned.

A mixer that serves US customers but is not registered with FinCEN would be considered an unlicensed money transmitter, which is technically illegal. From a money laundering perspective, mixers are not illegal unless the mixer explicitly presents the service as a money laundering conspiracy. That is what the operator of Helix did. He also made the obvious mistake of operating the service from inside the United States.

are you from chipmixer (because you promote it)? is it reliable?

It's easily the most reputable custodial mixer. It probably provides better privacy than existing CoinJoin implementations, but the obvious downside is the third party trust involved.

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.

[ChiBitCTy]

I've heard of people having a whole lot of problems when trying to use mixers so be careful when you do. Even though it's not very heavily supported, I believe using Lighting Network makes your transactions private.  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.  Personally I'm afraid of bitcoin becoming private.  Many countries wont even let their women drive or vote for example, why on earth would they allow a private currency to become adopted on a wide spread scale. My hope is the LN layer will run separately and can then be used for private transactions.

[pooya87]

Those exchanges use KYC only when using important amount.

that is a very common mistake a lot of people make that turns out to be an expensive one for them too. when an exchange is asking KYC from even one person that means they can at any time force EVERYONE to submit their KYC. i dare say that even if they had 0 KYC related rules, as long as you are using a centralized exchange you can be forced to submit your documents at any point.

[Rodeo02]

Use exchange that never ask for kyc or if there are high limit for no kyc.

Convert this to other currency then widraw use another exchange then buy another new crypto currency widraw again. Then the last things is use another exchange then convert again to bitcoin then its now different from before.
You can now do what ever you want to use that currency you can also use that to play on gambling site or sell it P2P.

[Assface16678]

Use exchange that never ask for kyc or if there are high limit for no kyc.

Convert this to other currency then widraw use another exchange then buy another new crypto currency widraw again. Then the last things is use another exchange then convert again to bitcoin then its now different from before.
You can now do what ever you want to use that currency you can also use that to play on gambling site or sell it P2P.

Also, you can use those platform or exchange to avoid getting trackable because most of the websites today do not require too much kyc and this is a good thing but the problem is about the security sometimes we cannot avoid facing scammers and having a transaction on them unexpectedly and most of the users today cannot back their money because of the transaction does not have kyc also you can use the other kind of platform like the bitcoin mixer just to avoid your account getting trace easily there are a lot of methods you can do just not been detected still it is your choice if you want and there is a statement above that you can use to find out what kind of process do you want.

[pawanjain]

The most secure way: Buy a mining farm and mine the virgin coins 

You can also do cloud mining using Nicehash as well and get virgin coins this way.

Nicehash has been hacked a few years ago hence I won't recommend using that.
Besides that, you would want to invest in it before you can generate new coins so that's a kind of risk too.

If I were to anonymize my transaction I would use Tor and create a new wallet online which is safe and secure and then use a bitcoin mixer to send the coins to my personal offline wallet.