Best strategy to stay anonymous with crypto?

Abiky

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Quote from: jaberwock on June 17, 2021, 03:11:30 AM

These days all my usual places like exchanges and gambling houses are asking for identity verification hence staying anonymous is almost completely impossible for me. It might be possible when I am completely not making use of any exchanges for encashing my cryptos for my living then there will be the possibility for staying anonymous in crypto space.

In that case I need to go for P2P trading so that I never need to go for any of KYC thing. For P2P, I am thinking of 2 options: first one is making use of currency board of this forum and the second one is localbitcoin kind of services which allow posting exchange ads without need of KYC.

It sucks real bad to have to deal with KYC for nearly everything we do in crypto land. You can use a decentralized exchange or decentralized gambling application, but the experience is not the same. DEXs have low liquidity and a steep learning curve, while gambling dApps are not as popular as their centralized counterparts. Not to mention, decentralized solutions are not very scalable.

We could say that it's quite difficult to achieve 100% anonymity these days. One way or another, your identity could be exposed greatly defeating the purpose of crypto/Blockchain tech. Your best bet would be to perform everything offline for peace of mind. I'd buy and sell crypto in a P2P manner just to remain out of the radar. Off-chain transactions is where the privacy is. Maybe someday as crypto/Blockchain tech becomes mature, we'd be able to enjoy using decentralized, private solutions without hurdles. In the meantime, off-chain transactions would be the only way to go. Just my thoughts Grin

jaberwock

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Quote from: Abiky on June 11, 2021, 09:45:42 AM

I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)?

These days all my usual places like exchanges and gambling houses are asking for identity verification hence staying anonymous is almost completely impossible for me. It might be possible when I am completely not making use of any exchanges for encashing my cryptos for my living then there will be the possibility for staying anonymous in crypto space.

In that case I need to go for P2P trading so that I never need to go for any of KYC thing. For P2P, I am thinking of 2 options: first one is making use of currency board of this forum and the second one is localbitcoin kind of services which allow posting exchange ads without need of KYC.

MoneyJ

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The best way is never turn your crypto into fiat as long as you like coz doing it will have a KYC process in banks . So just keep it and never spend it while wallets are just Hexadecimal addresses with no human affiliation so it is anonymous all the time.

GreatArkansas

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Do use Bitcoin and decentralized platforms like decentralized exchange will not make you anonymous already?
Yeah, using privacy coins like Monero will just make you more anonymous. And VPNs too, it's like privacy coins and VPNs to me are like additional to make you more anonymous.
So if you don't have really important purpose, you can not need anymore to use these additional tools or ways.

nurilham

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it can't be said to be anonymous anymore because so far there are so many exchange places that implement KYC

Yes, there are too many CEX (centralized exchanges) requiring KYC for their users. This makes all the users not anonymous anymore, their identities are already identified by the exchanges. Although the exchanges don't publish them, it means no anonymous term anymore in the system. With this regulation on CEX, gradually we lose the anonymity in crypto space.

serjent05

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I think the best strategy to stay anonymous is to avoid transactions that need our personal detail such as, cashing out through banks and remittances, never buy products online that requires a dropping zone. In short, do trades face to face but that is too hassle and beat the purpose of being the "internet money". So I guess anonymity ends when the virtual money is converted to tangible stuff.

iTradeChips

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Full anonymity is difficult to achieve in crypto nowadays with all the legit companies doing the KYCs to their customers. What is the purpose of your need to be anonymous though? Is it to avoid taxes? Is it to be able to use crypto in illegal activities? Is it to secure yourself with all the bitcoins you still have and haven't sold like millions of dollars worth? If the latter is the case, then the sure fire way is for you to sell them directly to another person. It has its risks though and you might find that once you have given information to another bitcoiner that you have this amount to convert to fiat then you might be at risk of possible thievery from the said persons. Be careful, sometimes being anonymous just means you are on your own if something happens with your coins.

tabas

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Quote from: CoolerSid on June 16, 2021, 02:14:42 PM

i dont think using tor its a good idea

Why?

Quote from: lalabotax on June 16, 2021, 06:14:06 PM

There is no exact 100% to be anonymous in the crypto world. It may be, but not fully anonymous. It can be still tracked.
And moreover of we are going to withdraw to our bank account, in fact as in my country, everything needs KYC and struct prove that we really don't fake our identity.
Well, staying anonymous is actually very expected. But as long it is not really strict enough I think that it may be okay Using VPN moreover the free one olnly will help us to use the different IP, but actually it can be also tracked.

But we can remain not tracked despite it's not 100% of fully anonymity. Not everyone understands the importance of anonymity and as long as you know the basics just as what has been said on this thread and you don't do anything illegal, you're fine to do the basic steps.

Hypnosis00

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Quote from: Abiky on June 11, 2021, 09:45:42 AM

From privacy-oriented cryptocurrencies like Monero and Grin, to mixers, there's always a way to achieve anonymization on crypto land. Some privacy techniques are complicated to understand for the non-tech savvy person, though. Despite the tools available to obfuscate sensitive transactions, there's no method that's proven 100% effective. If you're careless enough about covering your tracks, you'll eventually get caught by governments or other third-parties.

That said, I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)? Your input will be greatly appreciated. Thanks in advance

I'm not sure as well how long this anonymous feature that crypto had coz most exchanges are already asking KYC and we can hide anymore someday. Using a crypto mixer is the best option for now but I'm not sure if it still works in the future. maybe we can hide our wallet address but something difficult when it talks about personal identity.

And it might add more problems when the government takes control of the market as we have no longer escaped and keeping anonymous.

lalabotax

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There is no exact 100% to be anonymous in the crypto world. It may be, but not fully anonymous. It can be still tracked.
And moreover of we are going to withdraw to our bank account, in fact as in my country, everything needs KYC and struct prove that we really don't fake our identity.
Well, staying anonymous is actually very expected. But as long it is not really strict enough I think that it may be okay Using VPN moreover the free one olnly will help us to use the different IP, but actually it can be also tracked.

Dread Pirate Roberts

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Quote from: Abiky on June 11, 2021, 09:45:42 AM

That said, I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)? Your input will be greatly appreciated. Thanks in advance

You are already anonymous when you create a wallet in bitcoin. but for now it seems impossible to be completely anonymous if you need an exchange to trade with fiat because most exchanges will do kyc. the most likely to stay anonymous is with mixer services.

kvok1

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Quote from: Abiky on June 15, 2021, 02:01:27 PM

Quote from: semobo on June 11, 2021, 10:11:56 AM

The first and foremost step is to never buy cryptocurrency from centralized exchanges, that is where most of your privacy data gets leaked. Then we can use VPN or TOR to avoid our traces on internet but my suggestion is TOR since even most of the VPN tracks our data and sell them as well.

Buying crypto in-person or through a P2P exchange, would be your best bet to achieve full anonymity. Of course, there's no such thing as 100% anonymity. There's always the room for error. As a last resort, you can count on "Off-chain transactions" to achieve complete privacy in crypto land. With a physical bearer wallet like OpenDime or Tangem, it's easy to send crypto to another person without leaving any trace on the Blockchain. You'd just hand it in just like you would do with cash.

For on-chain transactions, you can either go through a non-custodial mixer or simply use the combination of TOR + VPN and Monero. Crypto empowers you to take control of your financial life without worrying about governments or other third parties. Privacy is achievable with crypto, but the same cannot be said about Fiat. As long as you follow the necessary precautions to preserve your anonymity, there should be nothing to worry about. Just my opinion

what are the Off-chain transactions ?

isaac_clarke22

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Quote from: Coyster on June 16, 2021, 03:09:16 PM

~

Indeed.
The least that "anonymity" that people can do in crypto is just termed as pseudonymous, due to even address that can be tracked. Full anonymity is gone when people used custodial wallets, because most of it especially the custodial wallet that I use here requires strict KYC requirements.

BIN-BIN

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Crypto anonymous to me is a thing of individual preference and strategies, but it may be hard for none tech users but to some extent, you can compare it to third-party financial institutions like the bank.

Coyster

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The government wants our data by all means possible, they try every means available to make sure people don't stay anonymous, that way it is somewhat difficult to stay absolutely anonymous, they must have been one or two transactions you've made somewhere, sometime that leaves traces of your data.

Most crypto users carry out their transactions through centralized exchanges, and government has a form of control over them and can request your data from such exchanges if need be, you can prolly circumvent that by using P2p or dex exchanges, but the thing remains that only very few crypto persons can succeed in keeping their data totally anonymous.

Having said that, imo responsibility of funds is much more important, if a user takes responsibility and pays close attention to protocols, scammers modus operandi, etc, just basically understanding all the conceptions available for the coin in their possession, thus making it almost impossible for them to lose it, even if their identity is not completely anonymous.

CoolerSid

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i dont think using tor its a good idea

Fivestar4everMVP

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Well, to achieve a complete anonymity online I think is rather very difficult but very possible as well, though it will take a great deal of commitment and carefulness, and there's a lot of sacrifice too as there are many good services which one must give up making use of.
But again, I would definitely like to ask why would any one want to be completely anonymous online if they are clean and have absolutely nothing to hide? I understand that some do very heavy transactions that when spotted on the blockchain causes eyeballs to roll, and it likely that such transactions will be followed by some people, but if the money was gotten by legit means, why should the owner of such transaction be worried about tracking it?

Yaunfitda

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Quote from: Abiky on June 11, 2021, 09:45:42 AM

From privacy-oriented cryptocurrencies like Monero and Grin, to mixers, there's always a way to achieve anonymization on crypto land. Some privacy techniques are complicated to understand for the non-tech savvy person, though. Despite the tools available to obfuscate sensitive transactions, there's no method that's proven 100% effective. If you're careless enough about covering your tracks, you'll eventually get caught by governments or other third-parties.

That said, I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)? Your input will be greatly appreciated. Thanks in advance

I don't think there is a bullet proof way to really hide our anonymity is this crypto space, but I would say a good practice might look like this:

1. Used non KYC-exchange
2. Used Air gapped PC
3. Tor is enough
4. Mixers, Join Market, Wasabi, Samourai
5. Split your transactions
6. Definitely, used privacy coins

terrorJR

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Even now, I'm still confused about our data while interacting with crypto until now. because honestly keeping our identity anonymous is very difficult. that's my personal opinion and based on experience and digital footprint so far.

so what you say is true, no 100% anonymous at least 1% trace is left. even without a third party we may not even notice.
p2p exchange can be one way to minimize the leak of identity as a whole. but does it matter when we use crypto not for evil purposes? On the other hand, I don't think we are experts in that area.

tvplus006

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Quote from: semobo on June 11, 2021, 10:11:56 AM

The first and foremost step is to never buy cryptocurrency from centralized exchanges, that is where most of your privacy data gets leaked. ..

In this case, when withdrawing coins from decentralized exchanges, you should definitely use a mixer, if you care about your anonymity. This will help break the existing connection between your exchange wallet, which is linked to you by KYC, and will not allow you to be identified.

laredo7mm

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Quote from: Abiky on June 11, 2021, 09:45:42 AM

From privacy-oriented cryptocurrencies like Monero and Grin, to mixers, there's always a way to achieve anonymization on crypto land. Some privacy techniques are complicated to understand for the non-tech savvy person, though. Despite the tools available to obfuscate sensitive transactions, there's no method that's proven 100% effective. If you're careless enough about covering your tracks, you'll eventually get caught by governments or other third-parties.

That said, I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)? Your input will be greatly appreciated. Thanks in advance

VPN TOR will not do any good if you are using a centralized exchange that requires KYC. Decentralized exchange is far better to protect your privacy. But if you are talking about hiding your location, IP address, mac address then this thing is way more complicated for a non-technical person. Privacy coins can not fully cover your track when you are doing transactions with a centralized exchange.

TheUltraElite

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Quote from: semobo on June 11, 2021, 10:11:56 AM

The first and foremost step is to never buy cryptocurrency from centralized exchanges, that is where most of your privacy data gets leaked. Then we can use VPN or TOR to avoid our traces on internet but my suggestion is TOR since even most of the VPN tracks our data and sell them as well.

A bit extreme there with the craze of privacy. Honestly speaking you cannot be so anonymous that you can hide all your tracks - because if that was true then criminals would not be caught by FBI once a while and put in jail. Obviously they will make have left some tracks.

There is no harm in buying from a centralized exchange if that exchange operates from your country and you have been KYC-approved. If you are looking forward to launder money then this is not the case, in which case you will be caught one day.

The whole point of "remaining anon" with crypto started when some people wanted to use this freedom as fiefdom.
They dont wan to listen to the law and do as they wish, but trust me, majority of users here are law abiding ones - at least they sleep well at night knowing that they are not doing anything illegal.

As for what the OP said, Bitcoin itself is as we say pseudo-anon. There is no harm with that. Go with Monero if you are too conscious about privacy. But I would not spend money on it. Any group which advocates use of its system because is gives "more" privacy is likely feeding on your fear of being caught. Dont let that happen.

cryptoaddictchie

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Quote from: ?? on ??

Lets be frank here, there's no such thing as true privacy in digital age like this, the best we can do is to conceal our identity but until how long? we can't keep watching our asses every minute, we even don't know whether using tor as you mentioned is truly secure.

Actually somehow I agree. As much as we want to stay anonymous, we are probably gonna get out of the veils somehow. Even we do strictest way to conceal our identity or hide our assets portfolio some can still track it somehow. Using mixer and other ways to get avoid can help but surely the big question is are we not being watched by some organization based on our data online?

cabron

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Reason why there are some users who are still taking a path of registering someone else ID to buy on some exchanges. This is shady but you know how important privacy for these people and they have good reasons to do so. I don't have to ask my parole officer for that. Cheesy

If it dangers me I would also go through lengthy procedures just to cover my track. I'm wondering if over-the-counter transactions provide privacy as well. Is it?

Little Mouse

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Quote from: Abiky on June 11, 2021, 09:45:42 AM

Or is it best to acquire a privacy coin like Monero completely off-chain (in person)?

You mean purchasing Monero from someone you know. Does it really make any sense? People tend to use privacy crypto to hide their financial asset or to hide their illegal transactions. You are revealing your identity if you are doing so.
Instead, you can own bitcoin and convert them for Monero. There are few sites which allow swapping bitcoin for monero and vice versa without revealing your identity.

kidbounty

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first for what purpose do you use crypto? if the transaction is only peer-to-peer no need vpn and TOR, using a mixer or private coin is enough, you will not be tracked. but if you want to stay anonymous when buying something at an online merchant or buying coins on an exchange, you need a VPN or TOR. and don't use the main account, you should also pay attention to the regulations regarding KYC. Remember to always create a new account for every transaction you want to make.

target

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Once you use a wallet to send in and out of the exchange, this wallet will always going to be connected to you even if this is a monero wallet. Hard to protect privacy when you have already been KYCed on exchanges even if you send your coins from centralized exchanges going to DEX.

Bounty hunters have some advantage when they send you some coins going to a newly created wallet either ETH or BTC because it's definitely a new identity.

Abiky

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Quote from: semobo on June 11, 2021, 10:11:56 AM

The first and foremost step is to never buy cryptocurrency from centralized exchanges, that is where most of your privacy data gets leaked. Then we can use VPN or TOR to avoid our traces on internet but my suggestion is TOR since even most of the VPN tracks our data and sell them as well.

Buying crypto in-person or through a P2P exchange, would be your best bet to achieve full anonymity. Of course, there's no such thing as 100% anonymity. There's always the room for error. As a last resort, you can count on "Off-chain transactions" to achieve complete privacy in crypto land. With a physical bearer wallet like OpenDime or Tangem, it's easy to send crypto to another person without leaving any trace on the Blockchain. You'd just hand it in just like you would do with cash.

For on-chain transactions, you can either go through a non-custodial mixer or simply use the combination of TOR + VPN and Monero. Crypto empowers you to take control of your financial life without worrying about governments or other third parties. Privacy is achievable with crypto, but the same cannot be said about Fiat. As long as you follow the necessary precautions to preserve your anonymity, there should be nothing to worry about. Just my opinion

Kunotcoin

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I think it is too complicated to stay anonymous for long, especially if you are living in crypto regulated countries, like in the US and other parts of the world, and using those available privacy tools won't be a guarantee that your anonymity will preserve forever especially now that the IRS is doing all in its power to tract all possible crypto users in the US alone to tax them. but I don't know in some other parts of the world. if those methods like VPN- TOR- privacy coins are still working.

semobo

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The first and foremost step is to never buy cryptocurrency from centralized exchanges, that is where most of your privacy data gets leaked. Then we can use VPN or TOR to avoid our traces on internet but my suggestion is TOR since even most of the VPN tracks our data and sell them as well.

Abiky

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From privacy-oriented cryptocurrencies like Monero and Grin, to mixers, there's always a way to achieve anonymization on crypto land. Some privacy techniques are complicated to understand for the non-tech savvy person, though. Despite the tools available to obfuscate sensitive transactions, there's no method that's proven 100% effective. If you're careless enough about covering your tracks, you'll eventually get caught by governments or other third-parties.

That said, I'm wondering which is the best strategy to stay anonymous with crypto? Will using a VPN + TOR + Monero do the trick? Or is it best to acquire a privacy coin like Monero completely off-chain (in person)? Your input will be greatly appreciated. Thanks in advance

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