Exchanges vs Mixers - page 2. | Bitcointalksearch.org

13abyknight

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Quote from: Beerwizzard on August 17, 2017, 02:20:23 PM

What is the reason why people should use mixers (if they for example want do launder btc)? Never used such services but for me it seems better just buy some forks on exchange and buy bitcoins back. At least you won't get even dirtier coins than you had before.

While exchanges in exchanges, an account is mandatory to carry out all the trading which will leave a trail and if the government launches a manhunt to find someone, he can easily be traced. On the other hand, mixers give an assurance that their coins would have no trails which is why most people are on the lookout for mixers over exchanges for privacy of coins. Keep in mind that not only those BTC launderers use this service but regular deep web market users also make the most out of this service.

Carlsen

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If you use a mixer, then you don't want anybody to be able to trace your bitcoins back.
Reasons for that can be that you are really a very private person, or that the source of those coins was not very secure.
From all I know the fees using a mixer are much higher than those at exchanges.
Personally I think that mixers are not necessary for an average person.

panju1

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Quote from: harizen on August 17, 2017, 04:26:34 PM

I want to respond here and give my thoughts about exchangers and mixers but are we just giving ideas here for those persons/people who want to do shit.

Quote from: Beerwizzard on August 17, 2017, 02:20:23 PM

What is the reason why people should use mixers (if they for example want do launder btc)? Never used such services but for me it seems better just buy some forks on exchange and buy bitcoins back. At least you won't get even dirtier coins than you had before.

Why all of a sudden you have that question in the first place?

Why do you think people use mixers? People should automatically have a right to privacy and to have taint-free coins. You can't question a person's motivation just because he wants to use a mixer.

harizen

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I want to respond here and give my thoughts about exchangers and mixers but are we just giving ideas here for those persons/people who want to do shit.

Quote from: Beerwizzard on August 17, 2017, 02:20:23 PM

What is the reason why people should use mixers (if they for example want do launder btc)? Never used such services but for me it seems better just buy some forks on exchange and buy bitcoins back. At least you won't get even dirtier coins than you had before.

Why all of a sudden you have that question in the first place?

klarki

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Much depends on the amount.
Especially now, many exchanges have made the mandatory verification of customers.

craZyLovE0916

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Quote from: shield132 on August 17, 2017, 04:10:38 PM

For money laundering Mixer is number 1 and exchangers aren't useful in this situation. I'll explain why:
1. Bitcoin mixers have onion links which means you use Tor + VPN (optional) and there is better security.
2. As bitcoin mixers claim, they delete all your information after 24 hour.
3. You have an ability to pay custom fee, use some types of mixing like chipmixer offers.

There isn't your records and etc, you feel much secure on mixer. And when you launder money, you don't have to use legal and official services, that's why mixers exist.

You must admit, though... if you then put your money on an exchange and buy a bunch of different coins you will pay a small fee and mix your coins far better than the mixer alone does.

shield132

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For money laundering Mixer is number 1 and exchangers aren't useful in this situation. I'll explain why:
1. Bitcoin mixers have onion links which means you use Tor + VPN (optional) and there is better security.
2. As bitcoin mixers claim, they delete all your information after 24 hour.
3. You have an ability to pay custom fee, use some types of mixing like chipmixer offers.

There isn't your records and etc, you feel much secure on mixer. And when you launder money, you don't have to use legal and official services, that's why mixers exist.

craZyLovE0916

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Quote from: jak3 on August 17, 2017, 03:34:50 PM

honestly, i have never used Bitcoin mixers ever but I am watching them from 2011 when they first came I remember when I made my first bitcoin wallet then it was on a Bitcoin mixer site and they have charged me 0.01btc as transaction fees. where as block chain was taking 0.00001btc fees at that time. I prefer exchanges as I don't have to worry about my privacy much as because no one wants my little bit of money.

I think exchanges are better in my mind because you could buy and sell a lot of different coins and then back to Bitcoin and the fees are small so you could make lots of money and launder your money without being able to get traced between all the different coins.

jak3

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honestly, i have never used Bitcoin mixers ever but I am watching them from 2011 when they first came I remember when I made my first bitcoin wallet then it was on a Bitcoin mixer site and they have charged me 0.01btc as transaction fees. where as block chain was taking 0.00001btc fees at that time. I prefer exchanges as I don't have to worry about my privacy much as because no one wants my little bit of money.

BitcoinBalance

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Quote from: panju1 on August 17, 2017, 03:07:56 PM

Quote from: Beerwizzard on August 17, 2017, 02:20:23 PM

What is the reason why people should use mixers (if they for example want do launder btc)? Never used such services but for me it seems better just buy some forks on exchange and buy bitcoins back. At least you won't get even dirtier coins than you had before.

If you use an exchange, there is a trail. Most exchanges require identity proof, especially if you trade large amounts. Mixers have no such requirements and can tumble your coins for a small fee.

Boom. Here is your answer, right off the bat. Good job.

iluvpie60

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Well, some exchanges don't require any proof of who you are, if the amount is small.

Some exchanges you can make up your name and email and all that and do a few thousand USD worth of trading per day. So doing that on an exchange really isn't that helpful in trying to "launder" coins.

Many people mix coins to stay anonymous though. When you do stuff on an exchange it knows who you are and if hacked people can figoure out who you are.

Sending stuff to a mixer will help avoid that for the most part, it is almost impossible to figure out who someone is from mixing.

panju1

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Quote from: Beerwizzard on August 17, 2017, 02:20:23 PM

What is the reason why people should use mixers (if they for example want do launder btc)? Never used such services but for me it seems better just buy some forks on exchange and buy bitcoins back. At least you won't get even dirtier coins than you had before.

If you use an exchange, there is a trail. Most exchanges require identity proof, especially if you trade large amounts. Mixers have no such requirements and can tumble your coins for a small fee.

Beerwizzard

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What is the reason why people should use mixers (if they for example want do launder btc)? Never used such services but for me it seems better just buy some forks on exchange and buy bitcoins back. At least you won't get even dirtier coins than you had before.

Topic: Exchanges vs Mixers - page 2. (Read 752 times)