Topic: Anonymity of bitcoin/wallet etc... (Read 147 times)

Although DAI is better, buying USDT from any non KYC exchange will provide a reasonable amount of Anonymity. You can use https://exch.cx/ send them USDT ERC20, exchange it for Monero and then return back to USDT ERC20.


You should be reminded that USDT is centralized and the company can freeze those tokens inside your wallet at any time.

It depends on which blockchain you want to do the transfer on. Liquid Network supports confidential transactions so you will be able to transfer USDT anonymously, the amount and the asset which is being transferred will be hidden to outside observers.

You mentioned Metamask, which only supports EVM chains and as far as I know there isn’t any EVM blockchain where you can make anonymous transfers natively on the base layer.

There are still decentralized type of stable coin like DAI but I think their only issue is they can depegged sometimes but if we will convert our money on another medium afterwards, I think we are completely safe from that.

I think there is. What about those privacy coins like Monero? There are no traces on them and even if there are, that is only like a spoof that will lead you nowhere. For those non-private coins, there is still a way to buy them anonymously or without a KYC and that is; either you buy it under their limit or you will use a decentralized exchange. There is also a way to mask your connection or transaction to make it more anonymous.

One way I know is by using a specialized service. They aren't only free and they are getting extinct now, so they can be rare to find nowadays, as the authorities are after them. They think they are only being used by the criminals, that is why but they don't know that there are also people who are only conscious about their privacy.

Seriously? But as he said, he was only just a newbie. Even me that is already a long-timer in crypto, still don't know how to run a node . That sounds complicated but I think we don't need to get involved with that if what we only want is anonymity. The second thing that you said/recommend is valid though.

I am just interested, if you are not a big figure in some project or don't have that much funds, in fact - why some CEX would put its eye on you? Shady/tagged money?

And if we are talking about USDT, we know what coin it is and for what it's better used, for that matter  Didn't get the part about the node as well, because I didn't put any nodes myself, however, isn't it traceable to some degree? At least the wallet to where you get your reward 

Neither your points make any sense.

1. Running your own node is cool and all, but why would running a full node help in any way to make transaction anonymous/untraceable? You aren't downloading some kind of private own blockchain where you can make secret transactions, so what's the deal with that?

2. Centralized exchanges use kyc, so transaction can't be anynymous or even pseudonymous in there.

Run a full node, in so doing, this will help you because you're going to download the whole blockchain in not your device,

Another thing you may do is by making your transaction from a non custodial wallet, the more we are making use of a centralized exchange the more we are getting exposed to the public with our informations with them.

Nothing is anonymous, it's all pseudonymous, and as long there's a link between your kyc:ed purchase and that transaction, those USDT:s can be tracked to the one who is kyc:ed at some point.

I am guessing that "someone" you are referring in another post who wants anonymity, is talking about some kind of mixer, but you might want to stay away from those, as that money will get flagged and will be unusable in the future.

Complete anonymity with USDT transactions is pretty much impossible.  Since Tether is a centralized stablecoin, they keep records on everything.  Your typical crypto wallet wont cut it if you wanna cover your tracks.  Now Im not saying you gotta resort to anything illegal here, but services like mixers and tumblers could help shuffle things around to confuse the money trail a bit and  course you gotta be real careful with those - some might be shady or even set up to snatch your funds.  But if you find a trustworthy one its an option to make those USDT transactions harder to trace back to you specifically.  Still not perfect anonymity though.

USDT is not anonymous because it is centralized as others have said so transactions will still be easily tracked wherever you transfer it, even I have seen news of USDT transactions being frozen due to illegal actions.

You may ask about the anonymity of bitcoin then this can be a privacy transaction that is because it is decentralized, only centralized coins like USDT then there is no anonymity.

Wallet available for USDT? Many almost all wallets are available for USDT.

Your title asking about Bitcoin, but in your post, you're talking about USDT. So, what's actually you're looking about?

USDT is centralized regardless any chain you use, it's possible you're using Tor when you access your wallet and DEX, but if they freeze your coins, you have no way to move your coins.

Make sure you're choose decentralized coins since government and regulations doesn't like someone who protect their privacy.

If privacy is really key, you might look into decentralized exchanges (DEXs) instead of centralized ones, as they don’t require as much personal info.

That guy who told you that they only do USDT for anonymizing transactions probably doesn't know what he's saying or if he knows then you should have asked him directly how he does that. Believe them that the posts above about the privacy coins, they're your only way if you want to increase your anonymity with altcoin transactions.

USDT is a centralized coin and it is one of those that provide the least possibilities for anonymity and privacy. Apart from being a digital currency, it doesn't have much in common with Bitcoin.
As Perfectbaby says, use Bitcoin or Monero if you want more privacy. Of course, since you are a beginner, do your research first of all on what is the best practice for using crypto currencies, how to store them and what you should pay attention to. (Whoever told you "only do USDT" is certainly not a good source of information)

Interesting. Thank you.
I have someone saying they can only do USDT (no reason given as to why) but also want to ensure the people involved in transactions are anonymous as much as possible.

For privacy I will advise you to use bitcoin or Monero, Zcash and Dash.
At least it makes very hard to trace and track transaction, and is entirely decentralized. Usdt is a centralized coin which can be tracked and there is no privacy wallet to store usdt and also note that usdt can decouple and lose it's value. So i am on a higher side to use bitcoin instead of usdt.

Newbie here.

What needs to be done in order to make it completely anonymous/untraceable for transferring USDT to a wallet?
I heard about metamask but also saw that the company tracks all information thus making it not truly anonymous.

And no, im not referring or asking of "illegal" acts either. More about how to remain anonymous for transactions.

I am in the learning stages and thought I'd ask here for knowledge and information to be better educated.

What tools/wallets are available for USDT transactions?