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Topic: Differences between Mixer and BTC->XMR-> ? (Read 240 times)

legendary
Activity: 882
Merit: 1873
Crypto Swap Exchange
November 14, 2023, 09:41:32 AM
#23
If I am not wrong, the advantage of using a trustable Mixer is to save time secure your assets, and pay a lot lower fee as compared to what you will be paying for swapping Bitcoin to XMR and then XMR to Bitcoin after receiving it on the other end.
Could be a lot lower fee.  Could be not.

Swapping Bitcoin to Monero is some times cheaper.  You have some Instant Swap Centralized Exchanges asking for 0.5 percent fee.  For small to moderate amounts of Bitcoin swapped, that is pretty decent.  I have seen some Mixers ask for absurd fees before.

It is also possible to swap to Monero and after the swap Bitcoin price decreases, Monero price increases.  It could balance the amount you lost on Fees or even earn you more.  Of course.  The opposite can happen any time too.

Point is.  Do not choose convenience.  Choose what is more important to you.  Using Closed Source or Open Source.  Finding a Decentralized or Centralized way to go.  There are options, still.

If you want to keep it in XMR, you can go with that but it's not really efficient if compared with mixer service and the ease of it's use as you do not have to install any software but that comes with a lack of privacy to be honest.
What are you even talking about.  Monero is the only Cryptocurrency offering Privacy for pretty much any body.  Even for the less technically expert people.

You think ease of use means more Privacy?  The official Monero Wallet is fully Open Source.  Mixers are not.  This makes Monero a MUCH better alternative if we compare Closed vs Open Source.
legendary
Activity: 4424
Merit: 4794
November 14, 2023, 05:52:04 AM
#22
Two different methods with two different sets of pros and cons.
Mixer cons:
- Centralized so it may keep logs, have flaws, leak information, etc.
- It can be a honeypot!
- thirdparty analytics investigate advertised mixers transaction inflows and outflows more closely than general transactions not using mixers
fixed that for you

Mixer pros:
- Easier to use
- Costs a lot less
- No need for additional setups (like running full node, installing new software, etc.)
- Fast

if a mixer is not costing several tx fee's ontop their commission. and not using methods to delay the inflow and outflow.. its not a good mixer, it makes it even easier to see patterns due to lack of actually "mixing" proficiently

if
       10min          20min       
pooyaA->reserve 321

              reserve 964 -> pooyaB

this is not "mixing" this is shuffling. and very easy to link A to B.. any mixer service that sends you funds in 1 blocktime gap, where the B funds are only losing equivalent of 2tx fee+commission compared to A unspent. its not a true mixer.. its a idiots service that pretends to be safe/private
copper member
Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
November 14, 2023, 03:09:22 AM
#21
If I am not wrong, the advantage of using a trustable Mixer is to save time secure your assets, and pay a lot lower fee as compared to what you will be paying for swapping Bitcoin to XMR and then XMR to Bitcoin after receiving it on the other end. If you want to keep it in XMR, you can go with that but it's not really efficient if compared with mixer service and the ease of it's use as you do not have to install any software but that comes with a lack of privacy to be honest.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
November 14, 2023, 03:04:10 AM
#20
Are swappers considered Centralized even though they dont ask for KYC?

I'm assuming yes, because they have the ability to hold your funds, if it is flagged as suspicious.

Most DEXes are technically not centralized in the way that they don't hold your funds centrally - but rather making you deal directly with the other trader - but DEXes need software to run, and most of that is hosted on someone's servers which are centralized. Although there are a small number like Bisq and Uniswap are completely decentralized and run from some blockchain.
legendary
Activity: 3472
Merit: 10611
November 14, 2023, 01:07:58 AM
#19
Two different methods with two different sets of pros and cons.
Mixer pros:
- Easier to use
- Costs a lot less
- No need for additional setups (like running full node, installing new software, etc.)
- Fast

Mixer cons:
- Centralized so it may keep logs, have flaws, leak information, etc.
- It can be a honeypot!

Swap pros:
- Provides much better privacy and security
- Can be impossible to track

Swap cons:
- Harder to use correctly
- Can cost a lot more (higher fees, bigger spread in the market when buying and selling coins)
- Requires additional setup (like running the full node for bitcoin and monero, installing new software like Bisq, etc.)
- Slower
sr. member
Activity: 448
Merit: 354
November 14, 2023, 12:08:46 AM
#18
When you use a Bitcoin mixer it  mixes your Bitcoin with other users coins making it difficult to trace the origin of the funds. This always help in privacy and anonymity.
Swapping BTC to XMR and then to another currency can offer a higher level of privacy but it may ask additional steps and higher fee.
Always try with a small amount and check if it is good and give an example how much it will deduct fee and you will understand the full process and will get experience. And next time you will be able to swap a big amount.
legendary
Activity: 882
Merit: 1873
Crypto Swap Exchange
November 13, 2023, 11:20:49 PM
#17
It is a tough job to maintain Privacy with the Public Ledger Cryptocurrencies.  You will almost definitely make mistakes along the way and even forget things you have done in the past.  The more Addresses you split your Coins into.  The more Decentralized Exchanges you use.  The more Mixers you use.  You will one day have change on Decentralized Exchanges you forgot about.  Or Coins from Mixers you have not redeemed yet.  Or Addresses of yours you may not remember any more.

In theory you should be able to only turn your Bitcoin into Monero and have great Privacy.  But little mistakes will reveal many fingerprints.  So even if you Mix your coins.  Then use Join Market.  Then Bisq.  Then move to Monero and back to Bitcoin.  This is a complete waste of time and money if you make a little mistake.

Focus on how to avoid mistakes instead.

For example.  Say the Mixer you are using could be a honey pot.  Because who knows?  Maybe it is.  Use Tor and make sure your Coins do not have a history under YOUR ownership.  What I mean is do not Mix Coins coming from Bitcoin Talk signatures directly for example.  If the Mixer is a honey pot it is simply a waste of time and money to use a Mixer as a first option.

But if you had Monero and bought Bitcoin through Bisq and only THEN Mixed your Coins through Tor.  Preferably with no Java Script enabled.  That is another story.  If the Mixer is a honey pot they will not know much about you any more.  Of course the Mixing is now basically useless as you have Mixed through a pot.  But who cares.  You should have enough Privacy from Bisq now anyway.

Less mistakes and more care equals high Privacy.  Even if you use just ONE method.  All methods should be good.  But just like condoms, it matters a lot how you are using it if you want to keep that chance of the method not working low.
hero member
Activity: 1190
Merit: 803
November 13, 2023, 11:01:38 PM
#16
By using DEX, you have given them part of the information, and therefore you must be careful and make random delay before exchange it back to BTC.
Yep since the @OP talk about using BTC or XMR in "private", using DEX will not have a problem. It different if he ask how to laundering through DEX which is he shouldn't use DEX as there's terms in their site.

You have mentioned good points, but the selection of Mixer is also a difficult task because there are tens of mixers in the market right now with different fee structure's and some are centralized and some are decentralized so it is best for the Op or anyone else to chose a decentralized mixer with lesser fee or any fee that suits them best but obviously everyone wants to go for a cheap mixer.
For the fee structure and minimum amount to mix, someone have created a dedicated thread 2023 List Bitcoin Mixers Bitcoin Tumblers Websites. I think any mixers that still promoted in this forum is safe enough, the user can choose which one he prefer.

I don't think there's a decentralized mixer, I guess you meant CoinJoin.
hero member
Activity: 1428
Merit: 513
Payment Gateway Allows Recurring Payments
November 13, 2023, 03:51:51 PM
#15
While in mixer, they will combine the Bitcoin from many spenders into one pool and it break the connection from the address you spend and address you use to receive the mixed coins.
You have mentioned good points, but the selection of Mixer is also a difficult task because there are tens of mixers in the market right now with different fee structure's and some are centralized and some are decentralized so it is best for the Op or anyone else to chose a decentralized mixer with lesser fee or any fee that suits them best but obviously everyone wants to go for a cheap mixer.

Talking about XMR (monero) i like this idea and this is way better and easy if used on DEXs means if the swap is done on DEXs. As mixing can be done there too but in mixer's case even after choosing one mixer that suits you best, you don't know either you are getting the level of privacy that the mixer has promised. Because most of the times many are lying.
legendary
Activity: 3010
Merit: 3724
Join the world-leading crypto sportsbook NOW!
November 13, 2023, 03:43:34 PM
#14
XMR allows you to use more privacy features. Mind you, some of the built-in features can be used with Bitcoin (TOR connection for one, single address use is another). But it won't particularly help just to swap at an exchange and let it sit in your wallet. Particularly if that exchange knows who you are, won't be too hard to make the connection to your original coins.

Do as hugeblack says. Use a DEX, learn to P2P. But employ additional measures to enhance your privacy. Monero alone, even mixers alone, or any tool for that matter, and used improperly, gives you a false sense of sufficiency.
legendary
Activity: 3346
Merit: 3130
November 13, 2023, 03:39:52 PM
#13
I would say the main difference is the traceability, while the mixer only mix the transactions there is still a trace in the blockchain, but if you swap your coins to Monero, then they will become untraceable and that's one of the main features of Monero, the blockchain hides relevant data like the real address and the transaction amounts. But in both scenarios, you become traceable again in the moment when you decide to sell your coins because for that you need an exchange.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 13, 2023, 03:13:09 PM
#12
Is there a difference between using a BTC mixer vs just Swapping BTC to XMR and then to whatever currency you want.
Yes. When introducing XMR in the equation, you're most likely going to receive better levels of anonymity. The reasons why you might want to use a mixer over XMR swap are: comfort and pricing.

Once it has been converted to XMR, it is private correct?
Correct. If you run a Bitcoin full node, a Monero full node and make the exchange through Bisq, then you're achieving the highest levels of privacy there are.
hero member
Activity: 1176
Merit: 785
November 13, 2023, 02:59:57 PM
#11
Hi,

Is there a difference between using a BTC mixer vs just Swapping BTC to XMR and then to whatever currency you want.
Yes, there is a very big difference between the two statements you just gave as above, because what a Bitcoin Mixer does is to make your Bitcoin more private, and by that I mean hide the root of your Bitcoin, hereby making it untraceable on the Bitcoin Blockchain, and it's not always free, as it comes with a fee for whatever amount of Bitcoin you intend to mixed (i.e making it more anonymous). E.g of a Bitcoin mixer is Sinbad.io

Quote
Once it has been converted to XMR, it is private correct?
No.. Using a Bitcoin makes your transactions more private than mere converting to Monero (XMR)
member
Activity: 212
Merit: 12
November 13, 2023, 02:38:06 PM
#10
A BTC mixer is a service that helps to anonymize transactions by mixing them with other transactions and sending them through a series of addresses. On the other hand, BTCXMR is a separate cryptocurrency that uses privacy-enhancing features to protect the identities of users and their transactions. While BTC mixers can help to improve privacy for BTC transactions, they cannot offer the same level of privacy as BTCXMR. Additionally, BTCXMR uses the Zerocoin protocol, which is designed to provide stronger anonymity than Bitcoin mixers.
sr. member
Activity: 490
Merit: 325
November 13, 2023, 01:51:14 PM
#9
Hi,

Is there a difference between using a BTC mixer vs just Swapping BTC to XMR and then to whatever currency you want.

Once it has been converted to XMR, it is private correct?

Just wanted to compare the pros and cons to both methods.

Thanks.


Everything lies on whether you are using a centralized for swap or you are using a decentralized exchange to that. When you swap your coin on any exchange that is centralized, you must have done a KYC before they allow you to do that, no documentation no use of the exchange and when you are verified on any exchange after provision of documents, you don't have any privacy to protect any more.

But if you use a decentralized mixer to swap your btc to xmr, you have increased your privacy for using the centralized exchanges and addition swapping to xmr is highly a privacy protected coin and this is the reason why some countries hate to see their people use xmr because it is difficult to crack but doing it in a kyc centralized exchange is as if you protecting nothing.

Using a mixer is good though if you have bought a bitcoin from centralized exchanges because when you withdraw bitcoin from exchanges, the explorer usually tick it with exchange name as the source of the fund, mixing it will clean that and it will become untraceable depend on the mixing service you use.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
November 13, 2023, 01:15:28 PM
#8
Hi,

Is there a difference between using a BTC mixer vs just Swapping BTC to XMR and then to whatever currency you want.
From a neutral point of view, this is a good question!

And as far as am concerned, what's common about these transactions is that both of these are all exchange transactions with the main difference being the coin that one is to receive. Though with mixers we put an explicit condition to the platform not to send out the same coins you gave them to avoid money being traced back to you if privacy is your concern, unlike normal exchanges might send you your own coins as they don't offer the extra privacy feature.


Once it has been converted to XMR, it is private correct?

Just wanted to compare the pros and cons to both methods.

Thanks.
When it comes to mixers vs XMR both will give you a world of privacy and these are recommended mediums to use for privacy-conscious minds.
legendary
Activity: 2702
Merit: 4002
November 13, 2023, 01:09:19 PM
#7
If you do not trust any central mixing services, it is better to use a true DEX such as Bisq with TOR and then delay the transaction. For example, after exchanging Bitcoin to XMR, wait for a random time and divide your XMR it Random number of small inputs and exchnge it back to BTC.

Managing a full node through TOR will enhance your privacy, but privacy means being careful, as one mistake may reveal your identity, especially if you want to hide from government agencies that have resources.

If you want a mixing service to enhance your privacy in general, use the mixer in my signature.



But the drawback of using DEX is low volume, having a good volume is necessary to increase privacy.
By using DEX, you have given them part of the information, and therefore you must be careful and make random delay before exchange it back to BTC.
newbie
Activity: 11
Merit: 0
November 13, 2023, 12:27:01 PM
#6
Are swappers considered Centralized even though they dont ask for KYC?

I'm assuming yes, because they have the ability to hold your funds, if it is flagged as suspicious.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
November 13, 2023, 11:48:46 AM
#5
If you are exchanging BTC to XMR then you would probably use an exchange.
If you use a centralised exchange then the exchange will have your data and so it will not be private anymore.
If you use a decentralised exchange then you will face volume issues.
Whereas when you use a bitcoin mixer then you will convert your coins to tiny transactions and then sending it back to your wallet by mixing a lot of addresses in between.
copper member
Activity: 1330
Merit: 899
🖤😏
November 13, 2023, 11:18:19 AM
#4
By mixing you are adding an extra variable to the algorithm of tracking transactions by chain analysis services,  also when you are using decentralized exchanges, you can't perform some functions only available when using a mixer, e.g, you can't manipulate the fees, time delay, receiving to several different addresses with time delays between each transaction.

Mixers can give you those options easily, and you just have to copy paste a few addresses, but doing it yourself might get you in trouble, it would be wise to use a service dedicated with expertise to do this for you in a professional manner, in shortest period of time, and without any hassle.
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