Bitcoin & Anonymity - page 2. | Bitcointalksearch.org

Charles-Tim

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Quote from: krashfire on January 12, 2023, 10:51:42 AM

1) How are the authorities able to track our bitcoins?

Assuming the person use an SPV wallet, using IP address with it instead of Tor. Because some use exchange for the coins and exchanges can know the person through KYC.

Quote from: krashfire on January 12, 2023, 10:51:42 AM

2) How do we continue to remain anonymous while trading bitcoins?

Use Tor with everything concerning your coins.

Quote from: krashfire on January 12, 2023, 10:51:42 AM

3) Are there cryptocurrency exchanges that does not require our ID to trade in large quantity?

Use a decentralized exchange like Bisq.

Z-tight

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Quote from: krashfire on January 12, 2023, 10:51:42 AM

2) How do we continue to remain anonymous while trading bitcoins?

Most bitcoiners can't ever be anonymous because they use and only know of centralized exchanges, and before they know that they can trade in a decentralized way, they have already given away all of their privacy to many centralized exchanges and services. Most newbies to bitcoin are introduced to centralized exchanges first before anything else, so they don't even care about privacy from the beginning of their BTC journey. I think to remain anonymous a BTC user has to first value privacy and use decentralized exchanges or trade directly with people they trust, doing this helps, and unless the government is specifically looking for you, which is rare, you may remain anonymous.

buwaytress

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To add what others already have

Quote from: krashfire on January 12, 2023, 10:51:42 AM

1) How are the authorities able to track our bitcoins?

By analysing utxo (the actual coins moving from wallet to wallet) on the blockchain. Even you could do this if you knew the addresses and coins involved.

Quote from: krashfire on January 12, 2023, 10:51:42 AM

2) How do we continue to remain anonymous while trading bitcoins?

You can't really. You can always be identified by your wallet, your username, your IP, many things. But P2P (trading with other people rather than with companies or intermediaries) is probably your best bet. Platforms like Bisq are safe enough and don't require KYC. You could, of course, be unknowingly trading with someone who intends to track or identify you. I trade majority p2p with people I've known for years. It's still a risk for sure, but that's a sort of trust circle that, if broken, they stand much more to lose.

Quote from: krashfire on January 12, 2023, 10:51:42 AM

3) Are there cryptocurrency exchanges that does not require our ID to trade in large quantity?

None I know of that you could trust enough. If they claim they do, they're not safe enough for large deposits.

raybucks

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because blockchain is transparent everyone and anyone with internet can see you bitcoin transactions, so when you or a robber stole bitcoin , authorities are able to track coins where the coins are moving and, when they transfered to an centralised exchange they can determine who is owner of this address

you can avoid this by coins mixing many sites offer coin mixing services , there you can mix you coins and authorities will get confused because of many small transactions.

Many stolen coins are mixed daily ,

And bybit is exchange where you can trade without KYC but for a certain limit

you can use decentralised exchange instead

pawel7777

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Quote from: krashfire on January 12, 2023, 10:51:42 AM

I have read that authorities are able to track the bitcoins if they are being move illegally. For example, if a wallet was hack and also most cryptocurrency exchange would require you to show ID when you sign up.

So my questions are..

1) How are the authorities able to track our bitcoins?

2) How do we continue to remain anonymous while trading bitcoins?
3) Are there cryptocurrency exchanges that does not require our ID to trade in large quantity?

Bitcoin is a public ledger, anyone is able to track bitcoin movement, be it government or private individual. There are plenty of block explorers available. You lose you anonymity when specific address can be connected to you, so i.e. when you buy something online with btc using your real name/address or when you deposit/withdraw to centralised exchange on which you've verified your identity.

There are still exchanges that you can trade on anonymously, but usually they'll have some limits for non-verified customers.

Quick google search:
https://www.marketplacefairness.org/cryptocurrency/best-no-kyc-crypto-exchanges/

Lucius

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Quote from: krashfire on January 12, 2023, 10:51:42 AM

1) How are the authorities able to track our bitcoins?

All transactions are public because the blockchain is public and everyone has insight into every transaction that has ever happened and will happen in the future. Given that most centralized exchanges have KYC, and that there are many companies that analyze the blockchain, it is not surprising that it is very difficult to remain anonymous if you use Bitcoin the way most do. In addition, it is a well-known fact that some top secret agencies were working on detecting and analyzing bitcoin users even 10 years ago, and for that they used very specialized tools.

Quote from: krashfire on January 12, 2023, 10:51:42 AM

2) How do we continue to remain anonymous while trading bitcoins?

One of the ways is to use DEX (decentralized crypto exchanges - example Bisq) where there is no KYC, or to trade with people live (which is still a risk), or to try to find a crypto ATM that does not ask for any information about you (the downside of such trading is a large fee).

Quote from: krashfire on January 12, 2023, 10:51:42 AM

3) Are there cryptocurrency exchanges that does not require our ID to trade in large quantity?

I know that there are some CEXs that do not require KYC up to a certain amount for withdrawal, but you must know that at any moment they can block you for any reason and ask you to verify yourself. There are some specific crypto exchanges in Europe where you can trade without KYC (physical stores), but this is still an exception that can be canceled at any time.

kizlod

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They can track you if you're using exchanges, all of them require some form of verification from you. You can remain anonymous if you're using a wallet, that won't track you and buy BTC P2P.

krashfire

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I have read that authorities are able to track the bitcoins if they are being move illegally. For example, if a wallet was hack and also most cryptocurrency exchange would require you to show ID when you sign up.

So my questions are..

1) How are the authorities able to track our bitcoins?

2) How do we continue to remain anonymous while trading bitcoins?
3) Are there cryptocurrency exchanges that does not require our ID to trade in large quantity?

Topic: Bitcoin & Anonymity - page 2. (Read 257 times)