Never used a mixer, never had to (yet).
I was kind of wondering the same thing. If I send bitcoin to an exchange address, then buy an altcoin (for example)...how is anyone going to track that? I've heard on other threads that that's how you remain anonymous. Is that true?
Topic: Bitcoin Exchanges , a "Free" alternative to mixers ? - page 3. (Read 1990 times)
its not a mixer at all and it is possible to trace the addresses i believe
1) Use a US IP address (VPN) to register an email address on mail.com.
2) Set up a BTC-E or 1Broker account with VPN using the anonymous email address.
3) Deposit and withdraw coins. In the case of 1broker, wait until your deposit has been sweeped (otherwise they may send the same outputs directly back to you).
Yes, there is a still a point of failure -- the VPN. Use a no-log VPN. Even then, can't be sure. Maybe Tor --> VPN.
The problem with exchanges is that you get your details attached to the coins you withdraw. Especially when you have verified your account with ID and stuff. Governments forcing an exchange to release information about you is a realistic danger. Mixers such as Bitmixer removes everything related to you and doesn't save logs and stuff. That's the good thing.
its not a mixer at all and it is possible to trace the addresses i believe
I've been known to get up to this as well and it works fine. I certainly wouldn't do it if my anonymity was vital for whatever reason. They're not in the business of disguising you and I'm sure plenty of logs are kept.
from the point of view of blockchain taint. yes exchanges can be considered mixers as you are not usually going to get the same taint you deposited in, when you withdraw.
however if you registered with an exchange using the same username/email/ip as you use for this forum. then its not really anonymous.
so if you were to talk about something illicit on this forum, where what was said here appears to relate to a real life crime.. authorities can check your post history to see if you mention any particular exchange you have talked about and get a court order for all records related to a username that matches yours on the exchange..
most exchanges have a 'order history' where you can see not only the trades but the deposits and withdrawal logs too..
they then know where you withdrew to, to "follow the money" even after you think you removed taint by syphoning it through an exchange
other scenario
you may even have done a bad trade/escrow on this forum with a employee of an exchange you use. and he decides to revenge-doxx you and reveal all bitcoin addresses linked to you.
however if you registered with an exchange using the same username/email/ip as you use for this forum. then its not really anonymous.
so if you were to talk about something illicit on this forum, where what was said here appears to relate to a real life crime.. authorities can check your post history to see if you mention any particular exchange you have talked about and get a court order for all records related to a username that matches yours on the exchange..
most exchanges have a 'order history' where you can see not only the trades but the deposits and withdrawal logs too..
they then know where you withdrew to, to "follow the money" even after you think you removed taint by syphoning it through an exchange
other scenario
you may even have done a bad trade/escrow on this forum with a employee of an exchange you use. and he decides to revenge-doxx you and reveal all bitcoin addresses linked to you.
your right and i thought that before myself, lets just hope tho that the day you send your bitcoin out that the exchange gets hacked.....lol
I was really wondering If exchanges could be considered as a free alternative for Mixers like Bitmixer ? Mixers make transactions confusing to whoever is trying to track you , and I guess It's the same thing for exchanges as you don't own your address but there are transactions coming to and going from your address.
I was looking to my address at CoinsBank (AKA bit-x) and I couldn't find much about the addresses I was withdrawing to and there is also transactions that I didn't make in the first place . So yeah , could exchanges be an alternative ? (at least a cheaper/free one)?
I guess you could argue that they do act as free mixers, however I think it kind of depends on how the exchange operates and what their set-up is for things like that. I guess it would also be considerably harder to track transactions and who owns what, especially for exchanges that have the rotating address set-ups. I personally think that exchanges could be a viable alternative for mixers and so. I was looking to my address at CoinsBank (AKA bit-x) and I couldn't find much about the addresses I was withdrawing to and there is also transactions that I didn't make in the first place . So yeah , could exchanges be an alternative ? (at least a cheaper/free one)?
I am already using exchanges as alternative of mixers, with my exchange and with my xapo account I do not need any bitcoin mixer system, I think with that service of exchange we do not need any other mixer.
I was really wondering If exchanges could be considered as a free alternative for Mixers like Bitmixer ? Mixers make transactions confusing to whoever is trying to track you , and I guess It's the same thing for exchanges as you don't own your address but there are transactions coming to and going from your address.
I was looking to my address at CoinsBank (AKA bit-x) and I couldn't find much about the addresses I was withdrawing to and there is also transactions that I didn't make in the first place . So yeah , could exchanges be an alternative ? (at least a cheaper/free one)?
I was looking to my address at CoinsBank (AKA bit-x) and I couldn't find much about the addresses I was withdrawing to and there is also transactions that I didn't make in the first place . So yeah , could exchanges be an alternative ? (at least a cheaper/free one)?
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