BTC transactions after exchage | Bitcointalksearch.org

ranochigo

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Quote from: Sekchekkk2 on January 12, 2018, 07:48:44 AM

One more question, does blockchain shows that transaction is shapeshifted? (Like in ethereum exchange they show that transaction are from exchange and shows exchange name near address) or in BTC blockchain this information doesnt appears?

No, none of the blockexplorers that I know tags the address. For Bitcoin, transactions can be analysed and linked to a specific address since exchanges usually use only a few addresses.

Quote from: Sekchekkk2 on January 12, 2018, 07:48:44 AM

And you mean shapeshift can provide ip/address wallet only with court? Random 3rd people cannot ask it for them and get it?

If they keep logs, as long as someone has access to their server, you don't need a court order. Else, no one else can do it with their acknowledgement, its a violation of privacy and its an offence in several jurisdiction that I know of.

Sekchekkk2

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I see, thanks.
One more question, does blockchain shows that transaction is shapeshifted? (Like in ethereum exchange they show that transaction are from exchange and shows exchange name near address) or in BTC blockchain this information doesnt appears?

And you mean shapeshift can provide ip/address wallet only with court? Random 3rd people cannot ask it for them and get it?

AdolfinWolf

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Quote from: Sekchekkk2 on January 11, 2018, 12:15:17 PM

Thank you for your informative message.

So how I understand for example in this way
“Transaction from wallet X was made to shapeshift from BTC to ZCASH (how I know monero ar zcash are most anonymous blokchains?) address where come zcash was exchange (which dont require KYC), in Exchange Zcash was traded for example to ETH, LTC, XRP, BCH and then all these values (eth,ltc,xrp,bch) was withdrawen to wallets E,L,XRP,BCH. So it is possible from now to track these wallets addresses (e,l,xrp,bch) if we start looking from wallet X?”

For “default” people is almost impossible to track this transactions?

If you use ShapeShift with any coin, it would already be impossible for any normal "user" to detect that it was originating from Wallet X ( You), unless you get a court order to ShapeShift, in which case they'll probably release your information. ( wallet adress, IP, etc).

But if you used Zcash Zero knowledge features, no one should or could possibly know it originiated from you, not even the government. https://z.cash/technology/zksnarks.html

Sekchekkk2

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Thank you for your informative message.

So how I understand for example in this way
“Transaction from wallet X was made to shapeshift from BTC to ZCASH (how I know monero ar zcash are most anonymous blokchains?) address where come zcash was exchange (which dont require KYC), in Exchange Zcash was traded for example to ETH, LTC, XRP, BCH and then all these values (eth,ltc,xrp,bch) was withdrawen to wallets E,L,XRP,BCH. So it is possible from now to track these wallets addresses (e,l,xrp,bch) if we start looking from wallet X?”

For “default” people is almost impossible to track this transactions?

buwaytress

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When Bitcoin "hits the exchange", your transaction (deposit) is merely confirmed in the exchange's wallet. When its back-end software detects this, it credits your exchange account internally.

From here, everything that happens to it within the exchange happens off-chain, meaning is all calculated within the exchange using its accounting and database. Nothing is ever transacted on the blockchain.

Once you request a withdrawal, the exchange wallet spends an amount to you. So, blockchain interaction only happens at deposit and withdrawal.

Although this means that your deposit and withdrawals are not directly linked, since inputs and outputs could be selected from other origins, It is still possible to track the trail, especially when certain exchanges are known to use certain wallet addresses. Presumably, with advanced software, this can be quite accurate, as proven by law enforcement when tracking down dark market traders. The field is called blockchain forensics, I believe.

Sekchekkk2

newbie

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What happens when Bitcoin hits exchange and are traded to other cryptos and withdrawen? How it looks in Blockchain?

One example
“Transaction from wallet X was made to shapeshift from BTC to ZCASH (how I know monero ar zcash are most anonymous blokchains?) address where come zcash was exchange (which dont require KYC), in Exchange Zcash was traded for example to ETH, LTC, XRP, BCH and then all these values (eth,ltc,xrp,bch) was withdrawen to wallets E,L,XRP,BCH. So it is possible from now to track these wallets addresses (e,l,xrp,bch) if we start looking from wallet X?”

Topic: BTC transactions after exchage (Read 186 times)