Which currencies are suitable for money laundering?

[Zilon]

Hope you aren't seeking to make away with someone's effort. I'm actually not comfortable with this thread not as if I am trying to criticize but it looks suspicious. But for the benefit of knowledge I will suggest:

• Bitcoin cash
• stellar coin

[RokokGudangGaram]

All coins, all you have to do is to find a an exchange site where you can trade this coins to other currencies of course you are going to choose exchange site that wouldn't ask for KYC and also you can try some gambling sites where they have built in exchange but the fee is a little bit expensive so maybe you should stick with exchange sites.

[cryptoaddictchie]

However I have not heard of money laundering on cryptocurrency except scamming and that is quite different from money laundering.

If you cant explain where did you get your crypto funds from a centralized insitution like bank. Its already considered money laundering. Whatever reason you say as long you cant justify your funds then that term applied already regardless what reason you may deemed explained to them. Even though we get it from profits on trading, they need documents showing that gains or else they could hold your fund without a valid explanation.

[jaberwock]

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.

He's so bold because he is using a new account and doesn't risk anything. It's similar to how people accuse casinos and sportsbooks after losing money with new accounts.

The harsh reality is that unless you follow every step with extreme caution, cryptocurrency transactions can still be tracked quite easily. If even you use mixers and decentralized exchanges, one can still estimate where the coins were sent. This is why most mixers allow you to set time delays.

At some point, you need to cash your coins and that is where most cheaters are caught. You can evade being tracked on the blockchain but when you sell it for fiat, you need to reveal your identity or bank account.

[Kittygalore]

That's a big red flag OP, you don't ask those kinds of question in a public forum unless you're just curious or you're really a money laundering wannabe and you want to learn how to launder money using cryptocurrency, I think people have already failed not to teach OP any way to launder using cryptocurrencies.

[rhomelmabini]

That's a big red flag OP, you don't ask those kinds of question in a public forum unless you're just curious or you're really a money laundering wannabe and you want to learn how to launder money using cryptocurrency, I think people have already failed not to teach OP any way to launder using cryptocurrencies.

Seems like just a curious George to me and but still an alarming one because even if he didn't post/asked it here he'll still find a way just by searching it on search engine sites. I wonder what's the OP's agenda but as I said maybe he's just that curious on the know-how of that. Seems not the kind of post here for Trading Discussion though.

[zanezane]

Seems like just a curious George to me and but still an alarming one because even if he didn't post/asked it here he'll still find a way just by searching it on search engine sites. I wonder what's the OP's agenda but as I said maybe he's just that curious on the know-how of that. Seems not the kind of post here for Trading Discussion though.

We don't know about that though, you know that being curious can be a good excuse to ask something illegal, I mean you can't ask people on how to access child porno sites just because they said they're curious, it's your moral and legal obligation to not tell them about it because it's illegal and deplorable.

[zahed]

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 know about 2 (two) coin are full of anonymous Dash and Monero. You're planning to money laundering ? whether you do not have to eagerness. Centralized exchanges will requiring kyc here you can not anonymous transaction. Dex is kycless but not sure how safe to anonymous transaction.

[maju69]

Even in the eyes of bankers all crypto including money laundering, nothing is excluded. if you are a worker at a bank then when someone takes money from crypto trading results, it must be quite terrible where that person has harmed the bank because they have done money laundering from crypto which is absolutely worthless, what makes it valuable is a group of people which then sets a certain rate on the crypto price. As time goes on crypto lovers increase and make you even more clueless as to why many people have money without having to work (work in the real world) only with coins that they name and then trade.

That's what makes me feel good about crypto, it makes bankers even more dizzy.

[topbitcoin]

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 think there are some market that not ask us to do KYC yet, like Hotbit maybe or Yobit. And there are some gambling sites that maybe can help to mix transaction like 99dice, if me not wrong they will send from their hot wallet address and not user's address.

[rhomelmabini]

Seems like just a curious George to me and but still an alarming one because even if he didn't post/asked it here he'll still find a way just by searching it on search engine sites. I wonder what's the OP's agenda but as I said maybe he's just that curious on the know-how of that. Seems not the kind of post here for Trading Discussion though.

We don't know about that though, you know that being curious can be a good excuse to ask something illegal, I mean you can't ask people on how to access child porno sites just because they said they're curious, it's your moral and legal obligation to not tell them about it because it's illegal and deplorable.

But it doesn't change the fact he'd always get an answer for this and that's a fact we can't ignore. Anyways, I think there's a hidden agenda behind his question and it's really that alarming on OP's end, but we never know that.

That's what makes me feel good about crypto, it makes bankers even more dizzy.

If they can't combat it, they'll make more regulations at least to mitigate what they are dizzied about. Regulation will really go hand in hand in the crypto space.

[el kaka22]

I would guess dollar is suitable for money laundering, is it not? Everyone is acting as if money laundering on a bitcointalk forum is a big hush hush but the reality is that money laundering was a thing way  before bitcoin was even an idea, I am pretty sure money laundering was a thing even before satoshi was born let alone bitcoin.

We had so many criminals in history that ended up buying legit business', the cafes around the corner, the pizza shop, the jewelry down the street and all that with their first legit money, and then they made it look like those business' were booming, making so much money, at one point Pablo escobar just used a taxi company to show millions in profit. So long story short, bitcoin is not for money laundering, crypto as a whole is not for money laundering, it is dollars and other fiat currencies that people use for money laundering and have been for over a century.

[fullhdpixel]

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 support a money launderer and I assume you are asking these questions for educational purposes.

The best crypto for anonymity? Hands down Monero, as you said you already know. If you are smart and use mixers then you may easily avoid getting tracked with almost any coin but Monero is just perfect for such purposes.

Exchanges that don't require KYC? It's a tough one but I think P2P platforms should be the best. Beware though, LBC started to ask for identity and they don't shy away from blocking accounts until they get all the information.

You can use instant exchanges and check all such exchanges at bestchange but please do your due diligence and I hope you aren't involved in such things actually.

[Kittygalore]

~

Seems like just a curious George to me and but still an alarming one because even if he didn't post/asked it here he'll still find a way just by searching it on search engine sites. I wonder what's the OP's agenda but as I said maybe he's just that curious on the know-how of that. Seems not the kind of post here for Trading Discussion though.

I don't know about that though, I mean OP is pretty straightforward to throw us off balance because OP thinks that if he/she asked straightforward then they might think that OP is just curious and that there's nothing wrong with what OP does.

[Kayum10029]

The term money laundering is a stigmatized chapter in the world of cryptocurrency. Many have been punished for money laundering in neighboring countries, including our own. The only fear of money laundering My country does not recognize bitcoin.

[Kayum10029]

For money laundering you need to choose some private secured coins. Money laundering can be done with all coins but the following are very important for money laundering.

Monero
Xlm
Beam
Bitcoin cash

[jostorres]

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,

Why would you be trying to do money laundering? I’d just assume that you’re asking that question for a good purpose and not because you really want to do something that is very bad. Any money you’re spending on the internet, I believe, can be traced if they want to trace. It continues for as long till you get noticed for the crimes you’ commit.

If you check most of these people with records of crime, they usually make use of cash and they have vaults where they store their money for themselves, because when such money goes to the bank, it won’t go unnoticed, they are going to notice it and they will be called to defend how they got such amount of money, which they won’t be able to defend it. Some have also said that cryptocurrency is anonymous, but how true is that? There have been instances where people were still caught using cryptocurrency. So it’s best to keep your hands clean.

[Issa56]

Waw your question is suprise but hope you are not trying to do anything illegal using cryptocurrency because that's what people are using now to scam which is very bad lot's of people are just trying to spoil cryptocurrency. Lot's of people are now using cryptocurrency to scam now because they believe they can't be traced easily. But one of the coin which I believe can't be traced is MONERO.

[barbara44]

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.

I am not good at technical knowledge about coins but how is one coin safer than the other confuses me. Someone can deposit the money to any site and then make a withdrawal after some trading or transactions and they will get fresh coins. For example you can deposit money to Binance, trade between some coins and make a withdrawal. No one can track you because Binance doesn't ask for KYC up to a limit.

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.

We can assume anything we want but really only he knows what's going in his mind. There are people doing illegal things on the dark web and there are infinite possibilities.

[Shasha80]

Waw your question is suprise but hope you are not trying to do anything illegal using cryptocurrency because that's what people are using now to scam which is very bad lot's of people are just trying to spoil cryptocurrency. Lot's of people are now using cryptocurrency to scam now because they believe they can't be traced easily. But one of the coin which I believe can't be traced is MONERO.

Actually, there is nothing wrong with asking about cryptocurrencies that are suitable for money laundering if it is only to increase our knowledge.
But it is worried if the question aims to carry out illegal activities, because there must be people who want to do negative things for their
own sake. Moreover, I have found quite a few cases regarding people using crypto for illegal activities. I just remind that the negative things we do
will only get us into big problems later on. So always do good things, so that what we do can have a good effect on our lives.