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Author Topic: Buying BTC - concern if been through a mixer?  (Read 251 times)
khaled0111
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May 30, 2021, 06:33:02 PM
 #21

...
I have/will never encourage anyone to use centralized exchanges or any other service that will keep your funds in their custody (unless there is no other alternatives).
I thought OP was asking about CEX policies regarding this matter, hence my reply.

What if I sold something to a friend or acquaintance for the bitcoin in question? Or what if I traded for them peer to peer directly with another person? No exchange history, no receipts, no screenshots, no bank statements, etc.
Then, they will lock your account and seize your funds and you can't do anything about it unfortunately.

o_e_l_e_o
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May 30, 2021, 07:22:53 PM
 #22

Hehe what if almost every bitcoin trader, investor, and regular user would resort to coinjoin and mixing services?
That would be the dream. It would render all blockchain analysis completely useless, cause all these companies to shut down, and improve everybody's privacy significantly. Centralized exchanges already force KYC on everyone so nothing would change as far as using such an exchange is concerned

without any valid reason I don't think you really need to used mixers at all
Basic privacy is a perfectly valid reason. I don't want a bunch of complete strangers tracking my entire financial history, building a profile about my earnings, savings, spending habits, etc., giving that information to the government, and selling that information to advertisers, political research and strategy companies, data analyzers, and more.
dansus021
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May 31, 2021, 03:11:29 AM
 #23

buy through centralized exchanger or through an AMM/Decentralized exchange its safer opinion if you scare your coin going through a mixer

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btc-room101
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May 31, 2021, 03:15:21 AM
 #24

I am considering purchasing some BTC using one of the following sites:

a) Bisq (BitSquare)
b) Hodl Hodl
c) LocalCoinSwap
d) LocalBitcoins

I have discovered online that it is possible for persons to send BTC through a mixer and that if this is done, it may cause issues if attempting to later sell via an exchange.

If I purchase via one of the four sites above from a seller, is there any way to determine if the Sats which I purchase have been through a mixer in advance in case this might cause an issue at some later date if I wanted to sell via an exchange or if I wanted to try to obtain interest for stacked sats, which I believe is also possible.

Is this something which should be of concern?   Huh

most exchanges will no longer accept 'tainted' coins, mixing taints coins

KYC rules by GOV, has said that 'tainted' coins have been used for criminal purpose, thus its sold for a lower value

Three kinds of BTC virgin block chain ( bought for cash/gold no records ) , fresh/clean (never been mixed), and tainted, the virgin are most  valuable and bought by chinese mafia directly from the big-miners, and the 'clean' coin exchanged by likes of 'coinbase', then the 'tainted' crap ends up on the black-market, sold for penny's on the dollar.
Nunoluck
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May 31, 2021, 06:50:25 AM
 #25

I don't think about it too much. I used mixer so many time. Sometimes I think about my anonimity, my concern is make sure that the mixer is not a fake website. A long time ago I used mixer but that is a fake website, I loss a lot of btc. Few years ago mixer fee was cheap so when I want to keep my anonimity then I will use it. Few years ago I used mixer for my btc and send it to exchange site and there is no problem. Maybe government regulate some exchange site so KYC must be clear now. Honestly don't like KYC it is so tiring to do. I prefer like to use my time for something else. Anyway I don't use bitcoin for negative thing.

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May 31, 2021, 07:52:53 AM
 #26

Three kinds of BTC virgin block chain ( bought for cash/gold no records ) , fresh/clean (never been mixed), and tainted, the virgin are most  valuable and bought by chinese mafia directly from the big-miners, and the 'clean' coin exchanged by likes of 'coinbase', then the 'tainted' crap ends up on the black-market, sold for penny's on the dollar.
Well that just isn't true at all. Pretty much every single coin I have ever used is "tainted" according to these nonsense algorithms, and I have never once bought or sold coins on the black market or traded my coins for anything less than the current price of bitcoin. Just because centralized exchanges buy in to these nonsense government regulations doesn't mean the entire ecosystem does. And thinking that not a single "tainted" coin ends up on an exchange like Coinbase is ridiculously naive. And what then? The coin magically becomes clean again just because Coinbase have handled it?

If every coin passed through a mixer or a coinjoin transaction was irreversibly "tainted" for the rest of time and worth "pennies on the dollar" as you suggest, then the bitcoin price would have fallen to close to 0 a long time ago.
Chato1977
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May 31, 2021, 08:20:45 AM
 #27

I am considering purchasing some BTC using one of the following sites:

a) Bisq (BitSquare)
b) Hodl Hodl
c) LocalCoinSwap
d) LocalBitcoins

I have discovered online that it is possible for persons to send BTC through a mixer and that if this is done, it may cause issues if attempting to later sell via an exchange.

If I purchase via one of the four sites above from a seller, is there any way to determine if the Sats which I purchase have been through a mixer in advance in case this might cause an issue at some later date if I wanted to sell via an exchange or if I wanted to try to obtain interest for stacked sats, which I believe is also possible.

Is this something which should be of concern?   Huh
The second post from OELEO is completely explained and being in a mixing company he knows that more than anyone else.

so best to follow His advice and your funds will be safe than ever.

Obito
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May 31, 2021, 08:25:38 AM
 #28

Hehe what if almost every bitcoin trader, investor, and regular user would resort to coinjoin and mixing services? That would be a pain for exchanges that would flag these transactions. They cannot afford to block all of them so they would probably choose force KYCing all of their users. That would be messy but it will be good for decentralized exchanges.
It's not like the traders and investors are going to voluntarily go down that path if they can at the least avoid it. KYC is an inevitable force that will soon take over crypto world because exchanges are going to comply with the laws that govern them and we won't have any choice but to comply too.
dkbit98
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May 31, 2021, 10:56:54 AM
 #29

Is this something which should be of concern?
I don't see people being concerned that 90% of us dollars are tainted with cocaine and other drugs, and nobody in banks are checking for this so why would bitcoin be any different?

Majority of the people don't care about the history of Bitcoin in their wallets, and only few centralized exchanges are pressured by regulators to monitor this with various excuses but I think it's all about tracking regular people.

I would not be worried about using P2P trading websites especially if you are dealing with someone who have good ranking and trading history, you can also use mixers like Chipmixer and make several internal transactions in your wallet to make it much harder for anyone to blacklist your address and coins.

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