Topic: Any free ways to anonimize your bitcoins? - page 2. (Read 3323 times)
I think so.
Does SharedCoin (on Blockchain) not do an adequate enough job?
I mean, to disconnect them from your name.
A Reddit user suggests to send your bitcoins to a Silk Road wallet, then back to another wallet/address:
http://www.reddit.com/r/Bitcoin/comments/1c8yb3/a_stepbystep_guide_to_creating_an_anonymous/c9e99nu
However I am confused: do you actually have to send them to a new wallet as well? A new address in the same wallet (such as Qt, Electrum) will not suffice?
A Reddit user suggests to send your bitcoins to a Silk Road wallet, then back to another wallet/address:
http://www.reddit.com/r/Bitcoin/comments/1c8yb3/a_stepbystep_guide_to_creating_an_anonymous/c9e99nu
However I am confused: do you actually have to send them to a new wallet as well? A new address in the same wallet (such as Qt, Electrum) will not suffice?
This is the best I've seen http://bitmix4you.com/
Blockchain has it's shared transactions too but there is some fee for each repetition.
Blockchain.info shared coin is the best option for now. It does not completely disconnect the chain of payments, but it is safe and easy. Expect all wallets to have this feature in the future.
Always connect through Tor and you are completely anonymous that way.
dark-wallets(but they are very experimental at the moment).
some underground exchange that allows you deposit and withdraw without need of verification, use high anonymous proxy or tor.
mixers.
buy the coins using fake identities or from someone of your real life.
Think this are the best ways, depends from who you are hiding.
some underground exchange that allows you deposit and withdraw without need of verification, use high anonymous proxy or tor.
mixers.
buy the coins using fake identities or from someone of your real life.
Think this are the best ways, depends from who you are hiding.
^ If you send them from wallet to wallet, it's the same bitcoins moving, which can be traced.
I don't want to waste anyone's time, so if there is something online I can read, please say so.
I thought that the addresses and transactions are traceable and part of the blockchain history, but how would the coin itself be traceable? Transactions just consist of moving amounts from one address to another, right? As I understand it, you can't tell where my coin came from except only by looking at transaction history in the blockchain, and if you don't know who has the private key to those sending addresses, how is it traceable?
Guess it's time to go read the whole satoshi white paper...
If I were the FBI or Interpol I would set up a dozen mixer sites out there, with the best interface and lowest fees; and quietly stamp out or co-opt any real ones. That way I would get a list of suspicious bitcoin users and I would not have to chase their btcoins in the blockchain.
Fortunately the FBI and Interpol are dumber than me.
Fortunately the FBI and Interpol are dumber than me.
As others have said, send to an exchange or a casino. Just don't be tempted go gamble them 
.
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Send to an exchange. Transfer to another exchange. Withdraw.
No need to convert to an altcoin or use a mixer. Simply send your BTC to Bter or Mintpal and then withdraw to new wallet. Done!
^ If you send them from wallet to wallet, it's the same bitcoins moving, which can be traced.
Can someone enlighten me?
I must be missing something since most people's solution involves more complication than I thought required.
Why couldn't a person just create a few one-time-use wallets, use tor and transfer the coin through those wallets to a final destination address, and then delete the intermediary wallets. Those addresses would never appear again in the blockchain, so how could someone prove they belong to you?
1. Send your btc to an exchange
2. Buy darkcoin with the btc and send those to a wallet
3. Send them anonymously to another darkcoin wallet.
4. Open another exchange account and sell your darkcoin for btc.
5. Create another wallet address for btc and send newly purchased btc to account.
2. Buy darkcoin with the btc and send those to a wallet
3. Send them anonymously to another darkcoin wallet.
4. Open another exchange account and sell your darkcoin for btc.
5. Create another wallet address for btc and send newly purchased btc to account.
The best way to completely anonimize your coins is the following:
a) Send the coins to Mixing Service A and have the mixed coins delivered to one of your addresses.
b) Send the coins to Mixing Service B and have the mixed coins delivered to one of your addresses.
c) Send the coins to Mixing Service C and have the mixed coins delivered to one of my addresses.
NOBODY will ever know that you ever had those coins
Vanished forever!
Guaranteed!!!
a) Send the coins to Mixing Service A and have the mixed coins delivered to one of your addresses.
b) Send the coins to Mixing Service B and have the mixed coins delivered to one of your addresses.
c) Send the coins to Mixing Service C and have the mixed coins delivered to one of my addresses.
NOBODY will ever know that you ever had those coins
Vanished forever!
Guaranteed!!!
The problem with using the exchanges is that you do not know if they are logging the information. Ditto if the mixing services are not anonymous and they keep logs, then you could be tracked.
A lot depends on the threat you are trying to avoid attack from - is it just a regular person or is it a well funded group who may have compromised any of the exchanges.
Certainly for most "foes" the above is sufficient. For some foes of the Edward Snowden variety, it is not.
DarkWallet will help, other options, even alts like dark coin may too.
:-)
Another advice that I haven't seen anyone give: After you send them to mixers (exchange to dedicated services), don't withdraw the same exact amount, and withdraw them at different times. I just adds another layer of security. For example, if you send 100btc to an exchange, withdraw 25btc first, then 43btc, then the last 32btc. Do it in random time intervals.
You can also buy an altcoin on one exchange, send the alt to another exchange, then convert back to bitcoin.
One important thing is how many bitcoins are you trying to anonymize. A few hundred or even a few thousand is probably no trouble, but when you get up to more than 10k bitcoins, I think the trail will be more obvious. To anonymize that much would start to involve major slippage or a lot more work.
As Bitcoin (and other cryptocurrencies) grows, it will get easier and easier to anonymize large sums of money. Exchanges all over the world, some in places that don't follow KYC/AML rules, others that don't really have a subpoena process, large altcoin economies to shift, Darkcoin growing, ect.
Hiding(anonymizing) a $million dollars a day in bitcoin is fairly easy right now. In another 5 years, you could probably hide a $billion dollars a day with no problem. And in 10 years, maybe a $trillion dollars a day with no problem.
One important thing is how many bitcoins are you trying to anonymize. A few hundred or even a few thousand is probably no trouble, but when you get up to more than 10k bitcoins, I think the trail will be more obvious. To anonymize that much would start to involve major slippage or a lot more work.
As Bitcoin (and other cryptocurrencies) grows, it will get easier and easier to anonymize large sums of money. Exchanges all over the world, some in places that don't follow KYC/AML rules, others that don't really have a subpoena process, large altcoin economies to shift, Darkcoin growing, ect.
Hiding(anonymizing) a $million dollars a day in bitcoin is fairly easy right now. In another 5 years, you could probably hide a $billion dollars a day with no problem. And in 10 years, maybe a $trillion dollars a day with no problem.
I mean, to disconnect them from your name.
A Reddit user suggests to send your bitcoins to a Silk Road wallet, then back to another wallet/address:
http://www.reddit.com/r/Bitcoin/comments/1c8yb3/a_stepbystep_guide_to_creating_an_anonymous/c9e99nu
However I am confused: do you actually have to send them to a new wallet as well? A new address in the same wallet (such as Qt, Electrum) will not suffice?
A Reddit user suggests to send your bitcoins to a Silk Road wallet, then back to another wallet/address:
http://www.reddit.com/r/Bitcoin/comments/1c8yb3/a_stepbystep_guide_to_creating_an_anonymous/c9e99nu
However I am confused: do you actually have to send them to a new wallet as well? A new address in the same wallet (such as Qt, Electrum) will not suffice?
when i'm using agora i'd like to change the btc address every time
cause the #cops don't know whether the #weed is for violence or peace
...
My experiences only (none FREE, but at low cost):
1) I sent BTC from my blockchain.info wallet via sharedcoin.com to my Multibit wallet
2) Then sent about as much back to my first account via bitmixer.io.
Both seemed to work fine for me, transactions all done (inc. a confirmation or two) in about an hour, per transaction. So it does take some time to use two services in a row, and there are some (low) costs, but in combination they seem to work well.
***
I also did the reverse starting from Multibit wallets to blockchain.info (via bitmixer.io) and then back to Multibit via sharedcoin.com. I did all of this about eight times, and now have my BTC in four wallets (one on blockchain.info and one each of my three computers).
It *seems* to cover the trail pretty well, especially in that it looks like each service uses an intermediary wallet. But, I am not an expert and would like to learn more!
Especially about other well-regarded mixing services
AND
any other easy techniques that help cover the trail of little fishez like us seeking financial privacy.
My experiences only (none FREE, but at low cost):
1) I sent BTC from my blockchain.info wallet via sharedcoin.com to my Multibit wallet
2) Then sent about as much back to my first account via bitmixer.io.
Both seemed to work fine for me, transactions all done (inc. a confirmation or two) in about an hour, per transaction. So it does take some time to use two services in a row, and there are some (low) costs, but in combination they seem to work well.
***
I also did the reverse starting from Multibit wallets to blockchain.info (via bitmixer.io) and then back to Multibit via sharedcoin.com. I did all of this about eight times, and now have my BTC in four wallets (one on blockchain.info and one each of my three computers).
It *seems* to cover the trail pretty well, especially in that it looks like each service uses an intermediary wallet. But, I am not an expert and would like to learn more!
Especially about other well-regarded mixing services
AND
any other easy techniques that help cover the trail of little fishez like us seeking financial privacy.
Isn't it sufficient to transfer from your wallet => any exchange => a second wallet you own (where no one knows the addresses belong to you)?
Now it's only you and the exchange that knows the second wallet belongs to you. If you registered with a false name, not even the exchange knows.
Am I right?
Now it's only you and the exchange that knows the second wallet belongs to you. If you registered with a false name, not even the exchange knows.
Am I right?
deposit them into an exchange and then withdraw. you end up with different coins, as exchanges act like a mixer. and the better part is you dont have to touch legally dodgy sites like silk road.
other options are to swap it for litecoins. and take those litecoins out and then use the litecoins on another exchange to convert back to bitcoins
other options are to swap it for litecoins. and take those litecoins out and then use the litecoins on another exchange to convert back to bitcoins
Both of the above are correct. I find it funny seeing people chasing a thief through the block chain. The thief kept using mixers but even then, he was still relatively easy to chase.
If the thief were to simply use an exchange that doesn't use ID Verification, the outgoing coins should be unrelated.
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