What's the most anonymous way to own bitcoin?

[cheezcarls]

P2P is the best way to anonymously own Bitcoin. I have a friend of mine who likes to own some Bitcoin but wants privacy, so I just simply tell him that P2P transactions are the best way for that. Before the pandemic, I have witnessed some P2P transactions in various areas, where they are doing it with Ledger Nano S or non-custodial decentralized Bitcoin wallet. Both parties must agree to the terms, especially that you will remain an anonymous Bitcoin wallet holder.

[BitcoinGirl.Club]

Yes, there's a fee of 0.003% per anonymity set.

https://docs.wasabiwallet.io/FAQ/FAQ-UseWasabi.html#coinjoin

Yeah and considering the current BTC value in USD it turns out a lot even if you go with a single BTC.

I normally use Chipmixer. Long time ago I tried wasabi and it seemed a long for the highest number of anonymity set. I was playing with the setup at that time. BTC price and mempool congestion was too low at that time.

[LittleBitFunny]

I'm sure op is not asking about mining, he is asked how anyone can get BTC stayed as anonymous, It is not possible for everyone who wants to remain anonymous to start mining Bitcoin.
The simplest way is buy Bitcoin and use a mixer to mix your coin. If you use Chipmixer then they will give you an equivalent amount of chips before you make your deposit, so you will able to stay anonymous cause no one will find the relation between your chips and deposits.

[20kevin20]

So the exchange can see where you sent monero, and from there, when you exchange monero for bitcoin even when done off from the exchange on another platform?

The exchange only knows the address you have withdrawn your Moneros to. If you have a personal XMR address and you move your exchange funds to it, they'll know. But as soon as you move away your funds from your personal XMR address towards another one, things will go dark. All the exchange knows now aboht you is your withdrawal and that's it.

If you're looking for as much anonymity and privacy as possible, Monero might be a better solution for you instead. With Bitcoin, the smallest mistake you make could always turn into the reveal of your entire financial history.

[Ryker1]

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

Well, anything will go into the dark and can't able to trace if all of these did not collect your personal identity.
But why make things more complicated if you can use the bitcoin mixer service to mix your bitcoin. The same as a story that I heard from my friend that he used mixer service and he mixed his bitcoin twice and transfer it to his cold storage wallet. He told the bitcoin was comes from a dirty hand and that is why he used twice the bitcoin mixer to hide and increase his anonymity. However, all suggestion above was right and your plan is slightly safe for me but still vulnerable one.

[Distinctin]

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

Is that basically a way to anonimize your bitcoin? If you buy from most exchanges, they have your info. But once it goes through monero, no one can see anything about where it goes. So when it's traded for bitcoin on your wallet, that could have came from anywhere. There isn't really a way to say where those funds came from right?

Well, using an exchanger will give some hint who you are as they are asking some basic information about you. though it won't directly be pointing you out that you are holding Bitcoin since you are converting it to Monero or any altcoins. However, this never gives you the fullest anonymity. The best thing we do to keep anonymous is to use mixer services, they never ask anything from you and they don't bother to dig who you are.

[romero121]

Mining is the best way to own bitcoin in an anonymous manner. This isn't possible with everyone, because it requires more capital investment to set-up mining farm. There are people who run home miners, but that too requires capital. One can own bitcoin anonymously buying from users through our forum or some other sources exchanging gift cards that can be redeemed.

[mk4]

I'm sure op is not asking about mining, he is asked how anyone can get BTC stayed as anonymous, It is not possible for everyone who wants to remain anonymous to start mining Bitcoin.

I mean, while it's not the option that everyone is going to end up using(obviously because it's going to require a good chunk of time and money), the reason why people are recommending it because it's truly one of the best options when talking about anonymity.

[yat97]

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

Is that basically a way to anonimize your bitcoin? If you buy from most exchanges, they have your info. But once it goes through monero, no one can see anything about where it goes. So when it's traded for bitcoin on your wallet, that could have came from anywhere. There isn't really a way to say where those funds came from right?

Well, using an exchanger will give some hint who you are as they are asking some basic information about you. though it won't directly be pointing you out that you are holding Bitcoin since you are converting it to Monero or any altcoins. However, this never gives you the fullest anonymity. The best thing we do to keep anonymous is to use mixer services, they never ask anything from you and they don't bother to dig who you are.

Thanks for the reccomendation on the mixer service. I'll def look into that.

I'm still slightly confused on converting from bitcoin to monero, and sending monero to an address, if you convert with the wallet, like safepal has an exchange thing on there. No need to give any sort of info about yourself. you receive monero, then convert to bitcoin that has a new address. you guys are saying the original exchange where you bought bitcoin and converted to monero, can see where you sent the monero? I thought anything past the receiving address of monero can't be seen? Not sure.

I'll check the mixer, maybe it will be cheaper than all the sending and converting transaction fees.

[Oceat]

I think it's kind of a waste of money to actually buy Bitcoin then convert to Monero then convert to Bitcoin again. You could just buy Monero instead then convert it to Bitcoin instead, in that way you could own a Bitcoin then use a mixer to really stay anonymous. But the truth is you are not actually totally anonymous since your Bitcoin is still written on the blockchain, thus your Bitcoin wallet address could be available everywhere if someone knew your Bitcoin wallet address.

[livingfree]

Yes, there's a fee of 0.003% per anonymity set.

https://docs.wasabiwallet.io/FAQ/FAQ-UseWasabi.html#coinjoin

Yeah and considering the current BTC value in USD it turns out a lot even if you go with a single BTC.

I normally use Chipmixer. Long time ago I tried wasabi and it seemed a long for the highest number of anonymity set. I was playing with the setup at that time. BTC price and mempool congestion was too low at that time.

Fees aren't that much before because the price of bitcoin wasn't that high.

But this time, we will think about it first if you want to set into higher anonymity using wasabi's coinjoin. And either of two, chipmixer and wasabi's coinjoin.

Both are the best choices to add more anonymity for our tx's.

[Ewox]

For all I know since I was trading, the only way to anonymise Bitcoin is if you mined it or have claimednit using faucets which is not that productive anymore. I haven’t seen any decent faucets nowadays and you have to spend a lot to mine the amount of Bitcoin you want to accumulate.

[electronicash]

exchanges will ask for KYC which makes you not anonymous already.

what you can do is buy BTC from someone outside the exchanges like from someone here in the forum through the exchange subforum.  there are however many scammers there which you just have to pick which and who is reputable enough to deal with who are selling their BTC for PayPal. after you have some BTC already, you can then trade on DEX which makes you anonymous while trading.

[isaac_clarke22]

~

Exchange?
Well I believe they're putting up KYC policies so that's not so anonymous.
You'll need to use a mixer, just like what majority mentioned in here.
Avoid online wallets as much as you can if you're still aiming for anonymity.

[MatchPS]

The most anonymous way to own bitcoin is to not put it on an exchange! Make a anonymous wallet, go to an BTC machine to swap Fiat for BTC, keep the BTC on hardware wallet.   Reverse the proces if you wanna swap BTC for fiat again.

[blckhawk]

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

Is that basically a way to anonimize your bitcoin? If you buy from most exchanges, they have your info. But once it goes through monero, no one can see anything about where it goes. So when it's traded for bitcoin on your wallet, that could have came from anywhere. There isn't really a way to say where those funds came from right?

Actually, you don't need to convert your Bitcoin to monero just for it to be anonymous. You could have just use a mixer, or perhaps a P2P (which is kinda risky to deal with), buying on exchanges that do not require KYC like DEX would also be an option. Converting your Bitcoin to monero back into Bitcoin again, I think that process alone would spend a pretty decent amount of fee so you don't want to do that unless you are okay with it.So yeah just like what the majority saying mixer service could perfectly fit your case.

[BIT-BENDER]

I guess mining can be the way? You can mine your own bitcoin, and with that no one will know your identity. Or well maybe just like you said, go through some series of process, to get rid of your mark. But of course, it will be really complicated.
And I think, we don't need that much of anonymity in owning bitcoin, it's quite anonymous already, and I think the data is safe. Only if you don't purposely do that because you want to do bad things with it of course haha, doing it in the normal way is fine and safe enough already.

Mining is correct, but how easy is to mine this days than in the past? Am a total -Newbie- at mine but every know it's rigorous right now, mining and the competition, money required for power/energy makes it a discouraging source to earn bitcoin in anonymity, and I can choose to be anonymous for my own many reasons, protection/privacy is one.

[XZERO1]

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?
 

You could face some problems depending how much Bitcoin you're buying from exchanges, most exchanges need you to complete KYC if you are withdrawing more than 2BTC per day, but if the amount is lower than that you can just buy from one of the centralized ones and then withdraw BTC to your personal wallet.

One of the most decentralized ways of buying/trading Bitcoin without having to deal with centralized exchanges is to buy Wbtc which is basically Bitcoin on ethereum network, that way not only you can hold your Bitcoin in your own Ethereum wallet, you can also trade it whenever you want on one of the decentralized platforms like Uniswap but the fees for ethereum network are really high at the moment so if you're buying/trading less than ~$3k it's not a very optimal solution.

One other way is to buy from trusted exchangers that do not require any KYC or even registration in some cases but almost all of them have higher fees comparing to exchanges, around 1% of what the total transaction is worth, you can check https://www.bestchange.com/ for the list of the exchangers, but make sure your read users reviews and do a little test buy with smaller amount first.

[yazher]

I know 3 pretty good ways to get Bitcoin anonymously.
1. Mixers. Although it's unexpected by many, ChipMixer is for free (although paying some extra helps with extra privacy).
2. Sell or offer services directly for bitcoin. For example I've made translations and only the customer knows that address of mine.
3. Buying bitcoin P2P, just beware of scams (for example don't pay before getting at least one confirmation). Again, only the seller and maybe a trusted escrow will know the address.

I go with the Mixers since it's easy to use and no hassle or whatsoever and I prefer the one that has been there for a long time and that has some good reviews from its user. I think the OP way is quite good as well because you completely hide if you do that step but for me, I don't mind using some Bitcoin Mixers or Blenders if I wanted to move my BTC. especially those people who are holding lots of BTC in their wallets because they won't know that they might be watch and their transaction is being traced in the dark.

[pinggoki]

If you really want to be anonymous in some way in order to own or earn a bitcoin is just buy a bitcoin then send it to another wallet by using bitcoin mixer so that the address will not be able to trace then send it back to your main and own wallet. Another thing is that coinbase. Coinbase is producing a multi address wallet in which you can use and chance different address in order for you to be not trackable. Today I am using both so that my anonymity will be unknown always.