Which currencies are suitable for money laundering?

[jiguang]

Which currencies are suitable for money laundering?

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,

[mk4]

I'm going to assume you're not some low-life PoS(not proof of stake) that's just planning on getting away with stolen money.

1. Physical cash
2. Monero (obviously)
3. Bitcoin, when you use mixers or coinjoin platforms, and assuming you don't mess up your coin control[1]

As for exchanges, use no-KYC peer-to-peer exchanges such as Bisq[2], HodlHodl[3], and LocalCryptos[4].


[1] https://nopara73.medium.com/coin-control-is-must-learn-if-you-care-about-your-privacy-in-bitcoin-33b9a5f224a2
[2] https://bisq.network/
[3] https://hodlhodl.com/
[4] https://localcryptos.com/

[cryptoaddictchie]

Which currencies are suitable for money laundering?

This question quite scary. Any crypto can be used om money laundering. It can be called like that if you can explain your funds when someone centralized (bank) ask you where you grt the fund and you cant give them such proof of employment or earnings from a business. Theres a lot doing money laundering and too bad crypto has been by some people especially those hackers and scammers.

[mindrust]

Which currencies are suitable for money laundering?

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,

Nobody is fully anonymous on the internet. If they want to find you, they will find you.

Almost all exchanges require KYC. Monero is anonymous but your IP is not. You can use a VPN but they can ask your information from the VPN company.

Don't do silly things on the internet.

[Baofeng]

Which currencies are suitable for money laundering?

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,

I don't want to used to term money laundering, but if you wanted to hide your tracks then you can used BTC, but used mixer and other tumbling services out there.

Monero is another one, you can look at other privacy coins that will provide anonymity in your transactions + Tor.

[checkmatesir]

I know about Monero that is anonymous and except that i didn't have much information, you can search about them in other websites but talking about the Monero in which your IP is not anonymous, just like other currencies they can find you easily, which is an effective step for them.

[michellee]

Which currencies are suitable for money laundering?

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,

When you use crypto, you hide your details such as name, address, etc., and in the transaction, people could only see the transaction you made. You can use bitcoin, monero, ethereum, or others but that is about how you can use all of the coins for your benefit. For example, you can send A coin to another wallet, and in that wallet, you convert it into other coins and send it to the other wallet or even exchanges like what @mk4 suggests. That way may be too complicated for you but that can hide you.

[pooya87]

You can't launder money with "money" you launder money by running the dirty money through a legitimate business to make it look "clean". In that process the form of money doesn't matter that much and if tracing is important then cash is the only form of money that doesn't leave any traces behind.

Keep in mind that there is a big difference between "laundering" and "improving privacy". In the later you aren't doing anything illegal and it is your right to have privacy but in the former you are doing something illegal.

[mk4]

I agree, I was about to say Monero. But I think there are some speculations I think from US government they say that they can still track users that using Monero but I doubt it probably they just wanted users not to use such coins since it can really be used to do money laundering.

If they actually could(though I doubt it), it definitely wouldn't be easy.

I really don't like to use P2P or mixers, the fee sucks.

Fees on P2P exchanges are pretty reasonable. As for mixers, some mixers like ChipMixer are free(besides tx fees) as they use the "pay what you want" model.

[palle11]

Which currencies are suitable for money laundering?

This question quite scary. Any crypto can be used om money laundering.

It is not scary to me but funny. I think in terms of fiat, it could be the currency of high volume in exchange. Like the foreign currency such as US$, pounds and Euro. Many times I have heard of money laundering, it is always in those currencies and not in local currency because the value is small in exchange for the above currencies. Politicians take out money or embezzle public money by converting plenty of the local currency to few currencies with high exchange rate. However I have not heard of money laundering on cryptocurrency except scamming and that is quite different from money laundering.

[SquirrelJulietGarden]

Which currencies are suitable for money laundering?

Monero is the best but there are a few more good private coins
Five most private cryptocurrencies:
1. Monero
2. Zcash
3. DASH
4. Horizen
5. Verge
6. Beam

Can you recommend some currencies and exchanges that do not require KYC?

Bisq is the best. Decentralized, no KYC but the disadvantage is low trading volume.

[NeuroticFish]

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

This means you've done something illegal.
If you do this, you give other people your dirty money.
If you do this, you can create problems to others.
If you do this, you give a bad name to crypto.
And then.. why would the community help you?!

[hugeblack]

Monero, Grin, Dash (Many people question the accuracy of this information.)
So unless you know how to hide your identity, using above coins will give you a false sense of security in addition to you breaking the law by laundering money, which means that any mistake means that you will go to prison.
Without technical knowledge, knowing how to hide your identity, use Tor, etc., you will not get 100% anonymity, but Monero is one of the serious projects that focus on privacy.

[BitMaxz]

If you are going to choose monero you still have a record on exchanges unless if you buy monero on no KYC exchange.
And take note you would still need to set up your wallet with Tor to be fully anonymous. Read this monero documentation about how to set up it with tor

Grin would be also an alternative as suggested above this would be a good sample to become anonymous no transaction records even you buy them on no KYC exchange the next transaction would be fully anonymous.

The same goes for Beam the only problem with this coin is that if you don't have a backup wallet file even you have a backup seed/private key there is no way to recover your old addresses.
Unlike Grin coin the transaction will be generated into a file that you can upload or send to someone.

Both Grin and Beam support Dandelion++ which is best if you want to hide your IP and they also support I2P/Tor. It seems Monero also implemented Dandelion last April?

[DarkDays]

Which currencies are suitable for money laundering?

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,

I don't want to used to term money laundering, but if you wanted to hide your tracks then you can used BTC, but used mixer and other tumbling services out there.

Monero is another one, you can look at other privacy coins that will provide anonymity in your transactions + Tor.

Obviously, Monero is the top coin for this kind of thing but I like to think that this is for your own personal protection and not because you've been up to something dodgy.

I would also advise that while Monero might seem like to go to option, it may also become the most tractable coin in the future to prevent fraudulent activity, so looking at alternatives might be another option.

[carlfebz2]

Which currencies are suitable for money laundering?

For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.

Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,

Zcash
Monero
Dash

You can also check out on this list: https://www.investopedia.com/tech/five-most-private-cryptocurrencies/

Fully anonymous and cant really be traced up.

[ccFOUND]

We know of Dash to help you make anonymous transactions.
If you are not telling people what did you buy, we will start assuming it and it's not hard to say that you either bought drugs or deadly weapons. Some users claimed that cash can be the best option for you but even that can be traced if some official knew about you and your deeds from close.

[lalabotax]

I am wondering what transaction you're going to do. But that is your own decision.
Commonly people will use Bitcoin mixers in order to make the transaction or Bitcoin is anonymous and we cannot tract them.
And have you ever tried a DEX that doesn't need any KYC? But that is also quite risky to take it.
Btw, the term "money laundering" is something bad. Do you really do that or you only want your transaction is in secret?

[24Kt]

I am wondering what transaction you're going to do. But that is your own decision.
Commonly people will use Bitcoin mixers in order to make the transaction or Bitcoin is anonymous and we cannot tract them.
And have you ever tried a DEX that doesn't need any KYC? But that is also quite risky to take it.
Btw, the term "money laundering" is something bad. Do you really do that or you only want your transaction is in secret?

Wow, at least he is very direct on what he wants to ask here. But with platforms which don't require KYC as well as DEXs, there are a lot of options to take. Now, it is up to him how he can utilize those services to his own advantage. We can't deny the fact, that right now, some are really into crypto for the intentions of doing such money laundering scheme.

[Cling18]

I hope that you're not committing dirty transactions but if you want to hide your personal details and want to keep your transactions untrackable, any form of crypto would be fine as long as you would use an exchange without KYC. You can also use Monero for anonymous transactions. Things will still depend on how you're going to transact safely.