YoMix warning

[alani123]

How do mixers work? Do they use system similar to P2P if the number of coins of multiple users match each-other? Then it can create serious problems.

I know mixing is not money laundering but look at this:
1. Mixer receives money from someone who has done illegal activity.
2. Mixer stores that money on address A
3. I create a mixing order, deposit money to mixer and hours later I declare address B where I want to receive money.
4. Mixer sends me money from address A to address B. Address A has received money from someone who has done illegal activity, so there is a chain: Laundered money -> Address A -> Address B that belongs to me. This is probably what exchanges see and it's very hard to convince them that you are not associated with illegal activities.

Mixers can utilize coinjoin as well as doing several transaction with new addresses in the outputs to span out their transaction tree and make it harder for detection software and/or sleuths to locate fund origin. Of course this is expensive and many mixers will just do what you describe without and steps in the middle.

At it's most basic, a mixer will pay you with someone else's money just so the trace of your initial BTC ends up going somewhere else. But if a mixer is only doing the latter of the afformentioned however they run into the risk of their users receiving tainted coins which can't at all be used in many services as with OP and might end up getting whoever deals with these coins watched or suspended... However, even with the techniques I mentioned at first, it's still possible for the more sophisticated software to detect fund origin.

[1715649602]

1715649602

[BitcoinsGreat]

OP, I don't know how long you have used crypto, but you have no one else to blame but yourself. If you want complete privacy and custody of your funds, then avoid centralized exchanges. Simple as that.

There are many who make direct deposits from the mixing service to a central platform because the goal of the mixing service is to break the link between your inputs and your outputs and not to clean the coins (I do not want to use this word because there are no clean coins and dirty coins).
We also have more than 50 members participating in signature campaigns for mixing services, and no one complained. I think @OP is linked to an account that mistakenly copied a different address and when mixing to that address he blamed YoMix.

Well, i too thought that we can mix the coins and can put the withdrawal address of any centralized exchange to get the coins which are not linked with our input address, but after reading the comments here, i would refrain from doing so.

Also if i mix the coins and get the non linked coins on my new wallet and from that new wallet i deposit to a centralized exchange will the CEX not mind that ? Can't they see now that the coins were mixed before and then moved to the CEX  (although not directly moved from Mixer to the CEX)

[khaled0111]

Well, i too thought that we can mix the coins and can put the withdrawal address of any centralized exchange to get the coins which are not linked with our input address, but after reading the comments here, i would refrain from doing so.

Yes. You can use a reputable mixer then send the coins to your centralized exchange without any problems.
If the mixer is decent enough then the decentralized service will only know the address from which the coins come from but they will never know your actual address.
To summarize, the service provider may and can realize that you have used a mixer but they can't figure out which address the funds actually came from.

[BitcoinsGreat]

Well, i too thought that we can mix the coins and can put the withdrawal address of any centralized exchange to get the coins which are not linked with our input address, but after reading the comments here, i would refrain from doing so.

Yes. You can use a reputable mixer then send the coins to your centralized exchange without any problems.
If the mixer is decent enough then the decentralized service will only know the address from which the coins come from but they will never know your actual address.
To summarize, the service provider may and can realize that you have used a mixer but they can't figure out which address the funds actually came from.

When we talk about reputable mixers, we have a few of them advertising on this forum and most of them are good ones. If i were ever to mix my coins through mixers. i would use the one of them and also the one i am advertising at my signature/avatar is good mixer.

By the way, is there a list of mixers which are NOT to be trusted ones ?

[Baofeng]

Well, i too thought that we can mix the coins and can put the withdrawal address of any centralized exchange to get the coins which are not linked with our input address, but after reading the comments here, i would refrain from doing so.

Yes. You can use a reputable mixer then send the coins to your centralized exchange without any problems.
If the mixer is decent enough then the decentralized service will only know the address from which the coins come from but they will never know your actual address.
To summarize, the service provider may and can realize that you have used a mixer but they can't figure out which address the funds actually came from.

When we talk about reputable mixers, we have a few of them advertising on this forum and most of them are good ones. If i were ever to mix my coins through mixers. i would use the one of them and also the one i am advertising at my signature/avatar is good mixer.

By the way, is there a list of mixers which are NOT to be trusted ones ?

You mean this kind of list? Scams Bitcoin Mixers List and Services closed.

But in any case, there could still be a lot that is not yet found, and most likely like a copy cat of the original, the UI and feel of the websites. Nevertheless they could be just a phishing site as well so everyone should be very careful.

[PX-Z]

Well, i too thought that we can mix the coins and can put the withdrawal address of any centralized exchange to get the coins which are not linked with our input address, but after reading the comments here, i would refrain from doing so.

That's a no-no, using mixers directly to any centralized crypto entity is a no-no move. Government are well aware on mixers and most of the times this regulated platform are required to follow the aml standards on where these platform are based which has always the same policy regarding to mixers. In fact there are many experiments, threads asking questions about this kind of transactions and it's not recommended of doing so, ever.

[FinneysTrueVision]

OP, I don't know how long you have used crypto, but you have no one else to blame but yourself. If you want complete privacy and custody of your funds, then avoid centralized exchanges. Simple as that.

There are many who make direct deposits from the mixing service to a central platform because the goal of the mixing service is to break the link between your inputs and your outputs and not to clean the coins (I do not want to use this word because there are no clean coins and dirty coins).
We also have more than 50 members participating in signature campaigns for mixing services, and no one complained. I think @OP is linked to an account that mistakenly copied a different address and when mixing to that address he blamed YoMix.

Well, i too thought that we can mix the coins and can put the withdrawal address of any centralized exchange to get the coins which are not linked with our input address, but after reading the comments here, i would refrain from doing so.

Also if i mix the coins and get the non linked coins on my new wallet and from that new wallet i deposit to a centralized exchange will the CEX not mind that ? Can't they see now that the coins were mixed before and then moved to the CEX  (although not directly moved from Mixer to the CEX)

Exchanges normally have only one deposit address per user. Address reuse weakens the effectiveness of mixing.

Centralized exchanges look several hops back from your deposit transaction so if they have a problem with mixers you won't be able to get around a possible penalization by simply sending mixed funds to yourself and then to the exchange.