Buying BTC anonymously | Bitcointalksearch.org

Distinctin

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Quote from: qwertyup23 on December 16, 2021, 12:27:46 PM

Quote from: BitMaxz on December 04, 2021, 06:33:16 PM

Why not buy Bitcoin directly to any KYC exchange and use a mixer instead?

Your process is too long so buying bitcoin directly would be the best option than buying XMR to BTC.

There are lots of Bitcoin mixers or tumblers you can try Wasabi it has a feature to mix them or use Chipmixer.

I agree with this statement.

The process that you follow OP is definitely tedious as you can skip some steps which are unnecessarily convenient. As what Bitmaxz had mentioned, purchasing BTC from your local exchange (though some require KYC documents) and using a mixer can easily acknowledge and follow the anonymity factor that you are hoping for. Another tip of advice, avoid putting your BTCs in an exchange if you plan on long-term HODLing. I suggest purchasing a hardware wallet to store your BTCs safely and securely.

But if you do big purchases, I'm afraid they'll ask KYC for you then. That was DaveF saying, it was better to make $1000 than $20,000 as this certainly gives a way to show your identity. If I were into hiding my personal information, I'll use Non-KYC exchanges with a little amount of purchases only. Plus, using mixing services is always the best option to absolutely makes become untraceable.

No, we should have to keep/hold our coins in our controlled wallets, not from exchanges if we wanted security and anonymity.

qwertyup23

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Quote from: BitMaxz on December 04, 2021, 06:33:16 PM

Why not buy Bitcoin directly to any KYC exchange and use a mixer instead?

Your process is too long so buying bitcoin directly would be the best option than buying XMR to BTC.

There are lots of Bitcoin mixers or tumblers you can try Wasabi it has a feature to mix them or use Chipmixer.

I agree with this statement.

The process that you follow OP is definitely tedious as you can skip some steps which are unnecessarily convenient. As what Bitmaxz had mentioned, purchasing BTC from your local exchange (though some require KYC documents) and using a mixer can easily acknowledge and follow the anonymity factor that you are hoping for. Another tip of advice, avoid putting your BTCs in an exchange if you plan on long-term HODLing. I suggest purchasing a hardware wallet to store your BTCs safely and securely.

m2017

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Quote from: Badbouy on December 04, 2021, 05:40:50 PM

If I wanted to accumulate some BTC anonymously and just hold it
would this work?

Buy XMR on a KYC exchange.
Withdraw it to a Monero wallet connected by TOR or VPN
Transfer to a second Monero wallet connected by TOR or VPN
Send XMR to a non KYC exchange and buy BTC
Withdraw to BTC wallet connected by TOR

Any corrections, suggestions, or better ideas?

By using this scheme, you will pay an exchange commission for each trade operation. By using this scheme, you will pay an exchange commission for each trade operation.

The best anonymous currency is cash. None of the banknotes are specifically tied to an individual. During the day, the same banknote can change many owners and no one can say where that banknote was and where it will be in the next moment. No one is able to trace the movement of cash and therefore, cash will gradually be eliminated. Until that happens, you can use it and trade cash for BTC. How and where to do it? Pay attention to the signatures of some high-ranking forum members.

zaesvlas

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Alternatively, you can use exchangers, but you can guess about security yourself. And what's the problem then? Taxes?

ItsEzMkay

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Quote from: Badbouy on December 04, 2021, 05:40:50 PM

If I wanted to accumulate some BTC anonymously and just hold it
would this work?

Buy XMR on a KYC exchange.
Withdraw it to a Monero wallet connected by TOR or VPN
Transfer to a second Monero wallet connected by TOR or VPN
Send XMR to a non KYC exchange and buy BTC
Withdraw to BTC wallet connected by TOR

Any corrections, suggestions, or better ideas?

Yes. Find somebody with Bitcoin in real life. Offer to pay them cash for it. Done deal basically. Or you could find somebody on peer to peer. I believe that website is still up and going. Lastly, you could facilitate a deal on here. More risky, but somebody will probably send you funds if you e-transfer them.

DoublerHunter

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Quote from: tyz on December 11, 2021, 02:30:35 PM

Quote from: BitMaxz on December 04, 2021, 06:33:16 PM

Why not buy Bitcoin directly to any KYC exchange and use a mixer instead?

Alternatively, buy XMR (on an exchange with or without KYC) and use Atomic Swaps to exchange/swap XMR for Bitcoin. By doing this at least two times you can also disguise the origin of your Bitcoins very well. However, you should use decentralized exchanges with atomic swap, which have favorable transaction fees.

^ Never engage on a centralized entity if you really want to have BTC anonymously, from the start OP buy XMR in centralized exchange which is that part could be his mistake, just buy it in decentralized exchange. The problem is the transaction fee in exchange I don't know how much but for sure it will harm your wallet. Using a BTC mixer is not having good privacy?
I thought that is enough to hide your privacy upon buying BTC or buying on decentralized exchange is enough to be anonymous.

tyz

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Quote from: BitMaxz on December 04, 2021, 06:33:16 PM

Why not buy Bitcoin directly to any KYC exchange and use a mixer instead?

Alternatively, buy XMR (on an exchange with or without KYC) and use Atomic Swaps to exchange/swap XMR for Bitcoin. By doing this at least two times you can also disguise the origin of your Bitcoins very well. However, you should use decentralized exchanges with atomic swap, which have favorable transaction fees.

o_e_l_e_o

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Quote from: Sweminer777 on December 11, 2021, 12:39:06 PM

Local bitcoins would be your best way to buy directly from a seller paying whit cash and whit out traces.

LBC requires KYC and so is a very poor choice.

Quote from: icopress on December 11, 2021, 12:47:00 PM

If you are ultimately pursuing the goal of making your bitcoin savings legitimate, then you will have to sacrifice something, (after all, you need anonymity so that you are not pursued by the law at the moment, right?)

There are a thousand reasons to want anonymity that having nothing to do with evading the law.

Quote from: icopress on December 11, 2021, 12:47:00 PM

In addition, you yourself know that there are trusted persons on the forum who earn money by acting as intermediaries, and after a year or more no one will remember your name because thousands of parcels pass through the hands of such people.

There is no way you can think you are private or anonymous simply because x amount of time has passed since you compromised your privacy. You have no idea what kind of records the person you are buying from keeps, how good their security is, who else might have access to the details you send them, if they have been intercepted, how they are stored, who else might have looked inside your package, the list is endless.

Dhaniii

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buying bitcoins anonymously can cost a lot of transaction fees and it's too wasteful to get bitcoins and cause a lot of transactions that can cause hackers to run. it is better to buy bitcoin directly in a trusted and safe market. as long as you can get bitcoins safely and quickly why do you have to be complicated so that the cost of the underlying asset can be reduced every time you transact.

haasanjui

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It is big can be said biggest risk ever. Buying BTC anonymously can give you a big lost. there are only some chances that BTC will give you profit. If anyone wanna buy BTC he must have all knowledge about Crypto and bitcoin.

icopress

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Quote from: o_e_l_e_o on December 11, 2021, 12:34:37 PM

[...]

If you are ultimately pursuing the goal of making your bitcoin savings legitimate, then you will have to sacrifice something, (after all, you need anonymity so that you are not pursued by the law at the moment, right?) In the end, each of us gives the examples that he projects onto himself. Tongue

In addition, you yourself know that there are trusted persons on the forum who earn money by acting as intermediaries, and after a year or more no one will remember your name because thousands of parcels pass through the hands of such people.

Last but not least ... if you are patient enough, you can easily buy an uncleaned coin with little or no additional surcharge.

Sweminer777

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Local bitcoins would be your best way to buy directly from a seller paying whit cash and whit out traces.

o_e_l_e_o

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Quote from: icopress on December 11, 2021, 12:19:21 PM

How about buying some unpeeled collectible coins here on the forum?

That seems inferior to many of the options discussed above if anonymity is your aim, since you are going to have to hand over a shipping address to the seller. You could of course ship to a PO Box or similar without your name attached, but if you don't already have one of those then there is an additional cost as well as time and effort required to set one up, and it might be impossible to ship to an anonymous PO Box internationally. Most of these coins also sell for higher than the value of the bitcoin contained within, so again, you'll be paying an additional cost.

icopress

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Quote from: Badbouy on December 04, 2021, 05:40:50 PM

Any corrections, suggestions, or better ideas?

How about buying some unpeeled collectible coins here on the forum?

Many sellers accept payment not only in BTC, so you will not have any problems with payment. Well, this option is only suitable for long-term purposes, because if you plan to purchase some bitcoins and spend them six months later, it is better to use a mixer. But if you are still patient, and in your country someday Bitcoin will become a legal tender, then you can easily add the purchased coins to the electronic tax return in the future (if you are one of those who pay taxes).

Wind_FURY

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Quote from: Ziskinberg on December 09, 2021, 06:32:44 AM

Quote from: BitMaxz on December 04, 2021, 06:33:16 PM

Why not buy Bitcoin directly to any KYC exchange and use a mixer instead?

That would not be anonymous anymore if you will use an exchange and you comply with the KYC unless you will fake your information with some fake ID just to pass the basic requirement of an exchange. My understanding of KYC is that no matter how they will trace the address, they can't find any trace to link to a person's identity.

Those UTXOs will be anonymous, but the problem is, if you want to deposit back to exchanges or to services that monitors the mixers, they would know that your UTXOs went through a mixer. I believe there should be another layer added on top of the mixer.

yurekaa

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honestly i dont know why you need to buy bitcoin anonymously? i think there are many service on the internet that makes your transaction (the owner) of bitcoin are vanish, just use it, beside you use your method that has many step to do it, and i read in the post section, some people suggest you to buy it on localcryptos.com, i think it can be the better alternative than your methods

ven7net

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Quote from: Badbouy on December 04, 2021, 05:40:50 PM

If I wanted to accumulate some BTC anonymously and just hold it
would this work?

Buy XMR on a KYC exchange.
Withdraw it to a Monero wallet connected by TOR or VPN
Transfer to a second Monero wallet connected by TOR or VPN
Send XMR to a non KYC exchange and buy BTC
Withdraw to BTC wallet connected by TOR

Any corrections, suggestions, or better ideas?

If we talk about buying BTC anonymously and storing it, then you probably need to start from the very beginning, namely for what funds are you going to buy BTC? If we take into account your scheme of actions, then it is unlikely that it will be 100% anonymous, which, in principle, applies to any schemes. If someone wants to track the movement of funds for the purchase of BTC, then probably even with great effort he will be able to do it, the other question is, why do this? Why would anyone know that you bought BTC and are holding it? All this hype around anonymity, you just need to give BTC and other cryptocurrencies value, but I do not think that the system or the tax system monitors your funds, in any case, until your amount becomes too large, then they will probably be interested and, if they want to, can find out whose funds it is. I don’t think that in our time there are 100% completely anonymous systems, and if they exist, then only at the level of security and intelligence services, but not in the financial system.

Ziskinberg

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Quote from: BitMaxz on December 04, 2021, 06:33:16 PM

Why not buy Bitcoin directly to any KYC exchange and use a mixer instead?

That would not be anonymous anymore if you will use an exchange and you comply with the KYC unless you will fake your information with some fake ID just to pass the basic requirement of an exchange. My understanding of KYC is that no matter how they will trace the address, they can't find any trace to link to a person's identity.

Wind_FURY

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Should the community encourage each other to use the Lightning network as a "mixer" to increase Bitcoin's anon-set? I believe the more Lightning scales/grows, the more liquidity in channels, then more cheaper transactions, THEN a larger anon-set.

suzanne5223

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Quote from: Badbouy on December 04, 2021, 05:40:50 PM

Buy XMR on a KYC exchange.
Withdraw it to a Monero wallet connected by TOR or VPN
Transfer to a second Monero wallet connected by TOR or VPN
Send XMR to a non KYC exchange and buy BTC
Withdraw to BTC wallet connected by TOR

Any corrections, suggestions, or better ideas?

Understand that BTC transactions are pseudo-anonymous and the TOR used will only hide your IP address. You need something more than just using TOR after withdrawing the BTC to the wallet connected with TOR and as advised by Theymos in a situation when privacy is a top priority it is better to make use of the Bitcoin tumbler site and privacy wallet.

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