Receiving BTC through wallet pear to pear can put you into problem.

[DYOR+BTC]

Yes I meant what I said, let's say you have fiat and you don't want to buy coin from  exchange since you want to remain anonymous and you decided to look for vendor that will sell to you through non Custodial wallet pear to pear, like sending from electron wallet to electron wallet or meta mask to meta mask, and unknowingly to you that such person got his Bitcoin from scamming someone online and he eventually sent it to you in exchange of fiat without your knowing, do you know that such person might put you into risk? Because if that buyer don't have anyone to sell that coin via wallet p2p and he decided to sell it on exchange, the person can be traced and apprehended as a crimina because he will be seen as the criminal because his identity will be traced from his KYC on exchange Because the transaction has been traced in the Blockchain.

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

My question now is that to be on a safer side which wallet is best needed for me to send him for transaction that can not be traced even though I am not sure if it's from a scam wallet or not.

[Catenaccio]

Custodial wallet pear to pear

There is only Peer-to-Peer (P2P) trades, not Pear to Pear.

like sending from electron wallet to electron wallet

It's not a nuclear related activity so no Electron wallet and there is only Electrum wallet.

My question now is that to be on a safer side which wallet is best needed for me to send him for transaction that can not be traced even though I am not sure if it's from a scam wallet or not.

Bitcoin blockchain is a public blockchain with a public ledger and everyone can trace any Bitcoin transaction with related UTXOs and transactions from the past to present and the future.

You must use your Bitcoin UTXOs very carefully in order to have good privacy and anonymity, but it also relates to whether you run a Bitcoin full node, with or without Tor and use your node for broadcasting your Bitcoin transaction.

Security and Privacy guides.
https://bitcoiner.guide/privacy/
https://www.lopp.net/bitcoin-information/security.html
https://www.lopp.net/bitcoin-information/privacy.html

[kotajikikox]

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

If you have reservations and you are not 100% confident then just don't do it. If something goes wrong, your friendship might get ruined. Better to just tell him that you are not comfortable in exchanging fiat for him.

My question now is that to be on a safer side which wallet is best needed for me to send him for transaction that can not be traced even though I am not sure if it's from a scam wallet or not.

If you still really want to go through this then just make sure to not use exchanges with KYC because if the bitcoin is indeed from scams, you might be investigated by the authorities and you will get in deep trouble.

[IIrik11]

usually its the dirty fiat money that will put u in trouble and not bitcoin

i trade p2p all the time and never had any problems

though, ur friend specifically asking u to sell his bitcoin for him is fishy

and u shouldn't become any part of it

like sending from electron wallet to electron wallet

It's not a nuclear related activity so no Electron wallet and there is only Electrum wallet.

 

[pooya87]

This is not a bitcoin specific concern though. Whenever you perform any kind of deal with another person you could be at risk of receiving "dirty money". Whether you run a simple shop with foot traffic (a cash business) or you do any other form of deal like through online deals on Craigslist or something like that.

First of all it is not the end of the world if that happens as long as you are not part of the criminal activity! And secondly, similar to other cases using fiat, it is up to you to avoid any deal that you find shady to reduce your exposure to such criminal sources.

pear to pear

A Pear-to-Pear Network

[avikz]

Yes I meant what I said, let's say you have fiat and you don't want to buy coin from  exchange since you want to remain anonymous and you decided to look for vendor that will sell to you through non Custodial wallet pear to pear, like sending from electron wallet to electron wallet or meta mask to meta mask, and unknowingly to you that such person got his Bitcoin from scamming someone online and he eventually sent it to you in exchange of fiat without your knowing, do you know that such person might put you into risk? Because if that buyer don't have anyone to sell that coin via wallet p2p and he decided to sell it on exchange, the person can be traced and apprehended as a crimina because he will be seen as the criminal because his identity will be traced from his KYC on exchange Because the transaction has been traced in the Blockchain.

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

My question now is that to be on a safer side which wallet is best needed for me to send him for transaction that can not be traced even though I am not sure if it's from a scam wallet or not.

I will ignore the typo in your thread as people have already noticed it.

But the threat is real. If you are using P2P network for buying and selling. The risk remains on both sides. You don't know what kind of Bitcoins you are receiving or what kind of Fiat you are receiving. We have instances, where bank accounts got frozen because Fiat money received from scammers account who was involved in financial crime. This is a real risk.

Catenaccio has given you resources to read and understand how you can navigate through the uncertainties. There's no way to be 100% safe and secure while staying anonymous. Just be very cautious before proceeding to a trade with strangers.

[joniboini]

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

So you're using an exchange address to store your crypto? That sounds like a bad idea (unless I misunderstand you). Anyway, do you ask him why he wanted to sell his coins to you? I can't imagine telling my friend to buy my coins out of nowhere unless I know he's interested in crypto in the first place. There are many options for P2P trades in my area, too, so that's that.

[Alpha Marine]

In my experience, when someone says "I meant what I said" without anybody disputing his statement, it means he knows he has said something illogical and he is doubling down on it even though he knows it's illogical.

First of all, I don't like how people act like the problems or risks we face in bitcoin are problems that would have been eliminated if bitcoin had not been created. Do you know that you can receive fiat money from an account that obtained its funds through fraud or embezzled funds and land yourself in trouble simply by receiving money from that account? I've seen it happen.

You can't control where a person gets their bitcoin from before sending it to you, but since you're paying for it, there is proof that you bought it, right? You sent money to the person's account, so that's proof that you bought the "stolen" bitcoin and paid for it.

[melinoe]

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

So you're using an exchange address to store your crypto? That sounds like a bad idea (unless I misunderstand you). Anyway, do you ask him why he wanted to sell his coins to you? I can't imagine telling my friend to buy my coins out of nowhere unless I know he's interested in crypto in the first place. There are many options for P2P trades in my area, too, so that's that.

I just hope it isn't about some broken account that tries to push something up from the account of a pal...

Otherwise - everything should be well suited for P2P, you are right.

[SquirrelJulietGarden]

So you're using an exchange address to store your crypto? That sounds like a bad idea (unless I misunderstand you).

I see you understood him correctly.

I agree with you that storing bitcoin in accounts on centralized exchanges is very dangerous practice. It is not recommended and many warnings about it everywhere. With Bitcoin, you can have private keys that help you control your bitcoins, and it's free to own so it's hilarious that people give up freedom and full control from non custodial wallets by using centralized exchanges.

Reminder: do not keep your money in online accounts.
Not your keys, not your coins.
47 crypto exchange shutdown by Germany
Recent events should make everyone withdraw all their coins to their own wallets: Part 1
Recent events should make you withdraw all your coins to your own wallet: Part 2
Recent events should make you withdraw all your coins to your own wallet: Part 3
Get your coins out of custodial wallets now: Part 4

[FortuneFollower]

So you're using an exchange address to store your crypto? That sounds like a bad idea (unless I misunderstand you).

I see you understood him correctly.

I agree with you that storing bitcoin in accounts on centralized exchanges is very dangerous practice. It is not recommended and many warnings about it everywhere. With Bitcoin, you can have private keys that help you control your bitcoins, and it's free to own so it's hilarious that people give up freedom and full control from non custodial wallets by using centralized exchanges.

Reminder: do not keep your money in online accounts.
Not your keys, not your coins.
47 crypto exchange shutdown by Germany
Recent events should make everyone withdraw all their coins to their own wallets: Part 1
Recent events should make you withdraw all your coins to your own wallet: Part 2
Recent events should make you withdraw all your coins to your own wallet: Part 3
Get your coins out of custodial wallets now: Part 4

Our custody is truly our right, and when we have a chance, we need to secure it as we can

[Frankolala]

Why will your friend want to send his bitcoin to you so that, you can help him sell it in the first place. Is he in a country that bitcoin is illegal or he doesn't know how to make use of an exchange. Maybe, you know the source of the bitcoin but you want to play smart. If you don't know avoid him, because you might not be able to cover your transaction tracks since you are someone who lack experience in the crypto space.

[Obim34]

Is P2P too difficult for your friend to trade his Bitcoin himself?

Ask about the source of the Bitcoin, if he purchased it himself then he must have exchange to trade for himself. If the source of his Bitcoin is infested, you automatically become an accomplice, it's no longer ignorance to you.

A Pear-to-Pear Network

Don't be like this Pooya87, why make comedy out of a curious newbie  

[moneystery]

it’s a risk that when you make a P2P transaction, you simply will not know whether the bitcoin or fiat you receive is 'dirty' or not. however, if you believe you are not involved in any criminal activity, why should you be afraid? you are simply making a transaction. as long as you have no connection to anything related to the seller or buyer, there should be nothing to be overly concerned about. but if you are unsure about the transaction you are making, you can choose not to proceed with it. it’s entirely up to you.

[EL MOHA]

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

My first question was supposed to how do you know the person but luckily for you it’s your friend and you already know the person so why are you scared when you personally can trace the friend if anything goes wrong. But seriously this is just like traditional fiat transactions which if you’re not comfortable with the person you’re dealing with, you don’t actually proceed with the transaction.

Now general one of the easiest way to maintain privacy with bitcoin is using different addresses for every different transactions and make sure this addresses do not interact with each other. So for your own case I will simply say you just use a different address and make sure while selling off everything from this address it is on DEX or use coinjoin/mixers, this way the UTXO never gets any traction with your other addresses linked to your identity

[luckyspirit]

The risk of this is minor. It exists but it happens very rarely compared to the number of successful transactions. There are many things you can do depending on how unsafe you feel:
1. Use AML tools. Some are free others cost money. You can analyze the coin you received before making a transfer, or you can ask to analyze the coin before the P2P transactions.
2. Decentralized mixing like JoinMarket. Without even knowing if the coins are problematic, you can send them into mixing and hope you get good ones.
3. Swap it on a DEX or do some atomic swap.

In reality you will not be labeled as a criminal as long as you have proof that this comes from some transactions. You may lose the coins for a very long time or forever though. Of course, the same would happen if you received money on your bank account from a very suspicious or dangerous source.

[Lida93]

Now my main aim of creating this thread is that a friend asked me to send my BTC wallet address so that he can send me Bitcoin for me to sell it and send him fiat, but I am curious because of my safety since I don't know the source of his BTC if he got it by scamming someone. A thought cam to me that this might be a risky transaction and I don't want to send him my exchange wallet address.

Has your friend giving you any reason for you to suspect that he is a criminal or a scammer in recent times? Because for you to generate such thoughts on his request for your btc wallet address to help him receive some BTC it means you two have had history that connects him to some scams. Anyway, I get your message clear and it's a point worth taking into consideration.

Well, have you heard of mixers? Not sure you do. Maybe it's time you do a research about it. It will help you get answers to what you looking for.

[lionheart78]

A Pear-to-Pear Network

Don't be like this Pooya87, why make comedy out of a curious newbie  

but this diagram of @Pooya87 does make sense.. this is trully a pear-to-pear network isn't it?  I do not find this offensive but entertaining... it is not bad to have some light atmosphere from time to time , and besides, I don't think @OP will find this offensive, do you @OP?


Anyway, @OP if you are having a second thought of granting your friend request, then don't do it.  Insight often saves us all the trouble, and from your post, you already have insight into what is going to happen if the source of the BTC your friend is trying to cash out is from illegal activity.  

[Mrbluntzy]

If you don't trust someone due to the assumed risk that you think surrounds the person, then you don't have to trade with them, your concern is easily avoidable when you don't even trade with the person that you scared about the genuineness of the coins they are sending to you. Instead of sending your main cold wallet, you can send a new wallet to the person.

[Findingnemo]

I understand OP's concern and that is the biggest risk of trading p2p especially with a fiat pair. The only way to avoid this is not to use a KYCed address when receiving funds from an unknown source. Once the user has accumulated a sufficient amount, they can mix funds, making it safer to use for transactions, including selling on exchanges, unless the exchange explicitly prohibits deposits from mixed trails.

If you are okay with KYC then buy from exchanges instead of p2p even if you pay a little higher price because it is secure when it comes to fiat trades and withdrawal to your bank account.