Purchase from the p2p exchange that I believe there is a lot from there you can use wallet that has coinjoin feature or at least mix your money through mixing that can be found in altcointalk and from there your money pretty much anonym.
If you want to exchange from bitcoin to other coin ex. eth than u can use another p2p there is tornadocash and etc
Topic: Anonymizing BTC (Read 313 times)
I don't know that much about blockchain so I'm trying to learn.
I was under the impression that the exchange maintains its own internal ledger of user balances and transaction history. And that the transactions only exist within the exchange's own systems and databases, rather than being publicly visible on the public blockchain while the transactions on a DEX are recorded on the public blockchain.
So I thinking that by using a CEX, it would keep the transactions off the public blockchain. And if CEX like eXch.cx really does delete user's data at the end of the order, it would further obscure the trail.
I was under the impression that the exchange maintains its own internal ledger of user balances and transaction history. And that the transactions only exist within the exchange's own systems and databases, rather than being publicly visible on the public blockchain while the transactions on a DEX are recorded on the public blockchain.
So I thinking that by using a CEX, it would keep the transactions off the public blockchain. And if CEX like eXch.cx really does delete user's data at the end of the order, it would further obscure the trail.
Bybit now does KYC, so it's out of the options of a non KYC CEX, I feel this process is long and may not give complete anonymity, I would have recommended another but such has been band from this form due to some circumstances around it, as that has been the only case i have seem complete anonymity with. Other means could be from a wallet to another where by you don't need KYC as most CEX are now beginning to demand for.KYC, a cold storage wall and back to your trust wallet could help, but im not sure of complete anonymity.
eXch.cx CEXs? Are their transactions recorded on the public blockchain?
Yes eXch is centralized exchange, but I have no idea what do you mean with ''public blockchain''.Every cryptocurrency exchange needs to have transaction on blockchain, and you are sending and receiving coins on blockchain.
If you want to have no trace on blockchain than just use cash.
Monero sounds interesting. Is it really untraceable?
Ask the government for more information about that. 
If you want to achieve a complete anonymity, then you may have to stay away from centralized exchanges, if you don't know how to identify for one, then its something you could use this thread in reading what other members have previously explained concerning it.
Understanding CEX and DEX
https://bitcointalksearch.org/topic/m.62015622
most users will prefer to make use of non custodial wallets for their transaction and if they want maximum privacy, they will use bitcoincore as well for their transaction.
Understanding CEX and DEX
https://bitcointalksearch.org/topic/m.62015622
most users will prefer to make use of non custodial wallets for their transaction and if they want maximum privacy, they will use bitcoincore as well for their transaction.
I'm liking the Monero method.
I don't know much about Monero.
How's this plan of using Monero as an intermediary?
1 Split 0.5 BTC into 3 parts (0.2, 0.15, 0.15) across 3 Electrum addresses
2 Send BTC from these 3 addresses to 3 Wasabi addresses and conjoin (this step doesn't improve anonymity?)
3 Trade each part for Monero on CEX/DEX (any good DEX for this? checked Exch.ex and one can trade BTC for Monero)
4 For each part, send the traded Monero to a personal Monero wallet, and then send it to another personal Monero wallet for increased anonymity
5 Trade the Monero for ETH on CEX/DEX and send to an open-source hot wallet
I'll be using a VPN and Tor throughout the process. Can you review this plan and suggest improvements for maximizing anonymity,
such as using DEX instead of CEX, waiting between steps, or breaking up amounts?
I don't know much about Monero.
How's this plan of using Monero as an intermediary?
1 Split 0.5 BTC into 3 parts (0.2, 0.15, 0.15) across 3 Electrum addresses
2 Send BTC from these 3 addresses to 3 Wasabi addresses and conjoin (this step doesn't improve anonymity?)
3 Trade each part for Monero on CEX/DEX (any good DEX for this? checked Exch.ex and one can trade BTC for Monero)
4 For each part, send the traded Monero to a personal Monero wallet, and then send it to another personal Monero wallet for increased anonymity
5 Trade the Monero for ETH on CEX/DEX and send to an open-source hot wallet
I'll be using a VPN and Tor throughout the process. Can you review this plan and suggest improvements for maximizing anonymity,
such as using DEX instead of CEX, waiting between steps, or breaking up amounts?
Withdrawing ETH to Trust Wallet
What are the potential weaknesses in this approach, and are there any alternative methods that could provide better anonymity?
What are the potential weaknesses in this approach, and are there any alternative methods that could provide better anonymity?
Why are you making life difficult for yourself? Send BTC coins from the Electrum wallet to the Trust Wallet. And then make the exchange of BTC for ETH directly in the Trust Wallet itself. This way you will keep your privacy, as you will not have to interact with centralized exchanges.
@ImThour, the service exists, but there are also a lot of negative comments about the same on Reddit, for example. So when a newbie mentions such a CEX, I always wonder if his question is really a question, or just a bad way to promote something. In any case, I agree that all those unknown CEXs should be avoided at all costs.
Maybe you need to try a Non-KYC exchange instead of Bybit as you mentioned in your OP. And I am not sure if Margex is even a real thing, never heard about it. Maybe a regional exchange? I would just stay away from something like that. And I am wondering, you said you bought BTC with Cash, so what more you wanna do here? Just stay with BTC, why even go for ETH?
This is not true for eXch.
eXch.cx does not keep logs, btw they already publicly proven that they are not cooperating with LE, and the user has the option of deleting all their data at the end of the order.
eXch.cx does not keep logs, btw they already publicly proven that they are not cooperating with LE, and the user has the option of deleting all their data at the end of the order.
OK, good to know.
So I guess that when order data is deleted, there is nothing to give to them in the first place.
I still do not recommend using this method for anonymity purposes however, unless you are doing BTC <=> XMR. Because of the inherent risks of trusting a CEX (I mean, it's not trustless - you still have to take them by their word).
Since you bought with cash, what level of privacy do you want? If you want to hide it from the government, Trust Wallet is a bad choice. Also, some Electrum servers are managed by Chainalysis, which means that some of your data will be known to the government no matter how powerful the mixer or service you used to break the link between your coins. Otherwise, using P2P will be enough.
Transactions on most CEXes are recorded on the public blockchain. While they might not show your personal information, they'll still link the original BTC address to the one receiving the ETH. Well Sending BTC to a non-KYC CEX helps obscure the link between your original BTC and ETH, but even non-KYC exchanges may log IP addresses or trading data, especially under regulatory pressure.
Monero considered highly private and resistant to tracking. Its technology (ring signatures, stealth addresses) makes it nearly impossible to trace, which could be a good alternative depending on your goals.
Monero considered highly private and resistant to tracking. Its technology (ring signatures, stealth addresses) makes it nearly impossible to trace, which could be a good alternative depending on your goals.
Are Nonkyc.io and eXch.cx CEXs? Are their transactions recorded on the public blockchain?
Yes, they are. And they've got no KYC either.
However, you'd be foolish to believe that this method provides anonymity, as they may not require KYC, but they keep logs. If law enforcement contacts them, they may or may not send them information on a particular transaction. That's up to them.
This is not true for eXch.
eXch.cx does not keep logs, btw they already publicly proven that they are not cooperating with LE, and the user has the option of deleting all their data at the end of the order.
(for Nonkyc.io I don't know)
Are Nonkyc.io and eXch.cx CEXs? Are their transactions recorded on the public blockchain?
Yes, they are. And they've got no KYC either.
However, you'd be foolish to believe that this method provides anonymity, as they may not require KYC, but they keep logs. If law enforcement contacts them, they may or may not send them information on a particular transaction. That's up to them.
Monero sounds interesting. Is it really untraceable?
Yes but because of that, it's very hard to buy as most of the CEXes have delisted it and are preventing people from buying XMR.
Thanks for all the responses.
The reason for sending to CEX is to improve the anonymity and obfuscate the coins by breaking the link since the CEX transactions are not written on the public blockchain.
Yeah, the CEX bybit and margex were just examples.
Are Nonkyc.io and eXch.cx CEXs? Are their transactions recorded on the public blockchain?
Monero sounds interesting. Is it really untraceable?
The reason for sending to CEX is to improve the anonymity and obfuscate the coins by breaking the link since the CEX transactions are not written on the public blockchain.
Yeah, the CEX bybit and margex were just examples.
Are Nonkyc.io and eXch.cx CEXs? Are their transactions recorded on the public blockchain?
Monero sounds interesting. Is it really untraceable?
I would like to anonymize 0.5 BTC that I purchased and convert it to ETH and trade on DEX
Why would you want to ''anonymize'' your bitcoin when you are planning to trade coins on DEX?By doing coinjoin with 0.5 BTC you are going to split that amount into many smaller denominations of coins, and when you send them all again you are going to connect them back together.
This is a waste of time and you have to pay additional fees for that.
I would never exchanged Bitcoin to ethereum but you can directly use dex like Bisq or for fast swap you can try using non-kyc exchange eXch.
Withdrawing ETH to Trust Wallet
I would never use that crap closed source wallet.What are the potential weaknesses in this approach, and are there any alternative methods that could provide better anonymity?
And should I send the entire amount at each step, or break it into smaller amounts?
Another options is to swap bitcoin to monero and than to other coins. And should I send the entire amount at each step, or break it into smaller amounts?
When using bybit you would be required to provide personal information so that makes Bybit a KYC demanding exchange. Also just a reminder centralised exchange can't offer you anonymity and even if some claim to do so I won't completely trust them.
If anonymity is what you seek then you are very good using decentralised exchange but first you must learn how to use it so you don't lose you coins
If anonymity is what you seek then you are very good using decentralised exchange but first you must learn how to use it so you don't lose you coins
It would have been better if you converted your btc to monero and make three transfer from one DEx to another and convert your monero back to bitcoin and send it directly to your electrum wallet. or use coinjoin service.
The user already has Bitcoin in electrum wallet and wants to convert that to ethereum privately. It will not help them to end up with bitcoin in their electrum wallet which is exactly where they started off.Why not directly convert monero to ethereum and hold that in a different wallet from trustwallet?
- Jay -
I will go extra paranoid.
1. As said, Electrum alone is not good enough for privacy. This being said somebody (especially if he manages to acquire logs from VPN and Electrum server owner) may already know to link those coins to your IP.
2. Imho coinjoin will not help much unless you send to multiple exchanges.
3. Using CEX is pretty bad, consider using DEX. However, if you use CEX, also https://nonkyc.io/ can be an option (although check the fees and everything!)
Maybe take a look at https://kycnot.me/ for more ideas.
It would have been better if you converted your btc to monero and make three transfer from one DEx to another and convert your monero back to bitcoin and send it directly to your electrum wallet. or use coinjoin service.
I don't know what anonymity capabilities Ethereum has, but I feel like you could simplify your process by buying the ETH directly and then running that through some kind of mixer.
If it is ethereum that he wants, he can do as bitcoin users use to do by converting the bitcoin to monero and convert the monero back to bitcoin. I think that is also a good idea. But if the OP does it directly and not convert to any coins first, that is also good but that would be if he used a non KYC exchange or a decentralized exchange. 
What are the potential weaknesses in this approach, and are there any alternative methods that could provide better anonymity?
Retrospectively, purchasing ETH directly would have been the better option for privacy. You bought with cash, so I'm assuming that was done through an ATM machine. Using a anonymous swap exchange will be the best option now for privacy, you can skip the process of sending to the relatively unknown wallet.And should I send the entire amount at each step, or break it into smaller amounts?
Breaking a transaction into multiple bits is done more for security than privacy and helps when mixing coins, so as not to get out he exact amount you sent for mixing Sending conjoined 0.5 BTC from Ginger wallet to a non-KYC CEX (e.g., Margex or Bybit)
~snip~
~snip~
When a beginner appears and mentions some CEX that no one has heard of before, it looks rather suspicious to me - especially if that same CEX obviously has similar tactics as freewallet, which freezes the user's funds and then requires an insane KYC procedure. In any case, the OP has strange ideas, and if he's legitimate, I hope he doesn't lose all that money with some wrong move.
I would like to anonymize 0.5 BTC that I purchased and convert it to ETH and trade on DEX
I don't know what anonymity capabilities Ethereum has, but I feel like you could simplify your process by buying the ETH directly and then running that through some kind of mixer.
Bybit is no longer a non KYC exchange.
This is my first thought upon reading his example. Although it could just be an example but maybe it helped that everyone told him that Bybit is no longer a CEX.And, if you OP is going to send coinjoined/mixed BTC to these exchanges, you should be ready for consequences.
Withdrawing ETH to Trust Wallet
Why not use Metamask instead? 
Sending conjoined 0.5 BTC from Ginger wallet to a non-KYC CEX (e.g., Margex or Bybit)
Trading 0.5 BTC for ETH on the CEX
Bybit makes KYC mandatory. I am using MEXC . The current minimum withdrawal on MEXC is crypto amount worth 10 BTC. You can use it instead of using Bybit. I do not know about an exchange called Margex but I can recommend you MEXC. Or you can use instant exchange that allows Tor and VPN like exch.cxTrading 0.5 BTC for ETH on the CEX
Withdrawing ETH to Trust Wallet
Trustway is not open source at all, it is a close source wallet. You can give wallet like Unstoppable wallet a try. It is an open source wallet and I can recommend it.You do not necessary need to convert your bitcoin to ethereum before you achieve your goal, you can withdraw bitcoin later instead
You can use eXch to exchange BTC to ETH without any KYC. You can also do it through Trust Wallet, which uses the decentralized cross-chain DEX THORChain. I believe Trust Wallet is not open source so you might want to use Cake Wallet instead, it also uses the same DEX. Swapping BTC to ETH will be cheaper on eXch because it is centralized, so that is one tradeoff to consider.
Your mistake is send the Coinjoined coins to CEX, it's not even non-KYC CEX because Bybit already force all users to submit KYC. I don't really know with Margex, it's not a popular CEX and risky to use.
Don't link your coins to CEX, instead use no KYC P2P exchanges like Bisq, Robosats, etc.
It's up to you whether you want to use CoinJoin, mixer or trade it to Monero.
Using Electrum with VPN at all times aren't make you anonymous, VPN could be a honey pot, it's recommended if you use Bitcoin Core and run full node using Tor.
Don't link your coins to CEX, instead use no KYC P2P exchanges like Bisq, Robosats, etc.
It's up to you whether you want to use CoinJoin, mixer or trade it to Monero.
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Using Electrum with VPN at all times aren't make you anonymous, VPN could be a honey pot, it's recommended if you use Bitcoin Core and run full node using Tor.
Bybit is no longer a non KYC exchange. I don't believe I have heard of margex before. An alternative to that would be to use exch exchange and trade to either ETH as you're planning to, or to XMR which is a better option for annonymity
I would like to anonymize 0.5 BTC that I purchased and convert it to ETH and trade on DEX
I purchased 0.5 BTC with cash and sent it to an Electrum wallet address.
The PC with Electrum is connected to a VPN at all times.
Here are the steps I'm planning:
Sending 0.5 BTC from Electrum to Ginger wallet and conjoining
Sending conjoined 0.5 BTC from Ginger wallet to a non-KYC CEX (e.g., Margex or Bybit)
Trading 0.5 BTC for ETH on the CEX
Withdrawing ETH to Trust Wallet
What are the potential weaknesses in this approach, and are there any alternative methods that could provide better anonymity?
And should I send the entire amount at each step, or break it into smaller amounts?
I purchased 0.5 BTC with cash and sent it to an Electrum wallet address.
The PC with Electrum is connected to a VPN at all times.
Here are the steps I'm planning:
Sending 0.5 BTC from Electrum to Ginger wallet and conjoining
Sending conjoined 0.5 BTC from Ginger wallet to a non-KYC CEX (e.g., Margex or Bybit)
Trading 0.5 BTC for ETH on the CEX
Withdrawing ETH to Trust Wallet
What are the potential weaknesses in this approach, and are there any alternative methods that could provide better anonymity?
And should I send the entire amount at each step, or break it into smaller amounts?
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