Help recognizing / tracking a bitcoin address

mocacinno

legendary

Activity: 3402

Merit: 5004

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: GG87 on June 08, 2018, 07:16:49 AM

Thanks Bob,

what do you mean for deposit address?

my personal bitfinex deposit address works quite diffently...

this one doesn't look like a "normal customer" deposit address

It's probably just an internal address... It's normal for exchanges to move funds around between wallets, create change addresses, combine many unspent outputs into one to minimise fees, store BTC in a cold wallet, retrieve BTC from cold wallets,... It's probably not a customer's deposit address since it received ~1400 BTC in ~1600 tx's.
In reality, it doesn't matter why bitfinex chose to use this address, they'll probably have their reason (technical, emotional, practical, security, minimising fees,...), however i doubt you'll ever know the exact purpose of this address without asking bitfinex directly.

GG87

newbie

Activity: 29

Merit: 0

Thanks Bob,

what do you mean for deposit address?

my personal bitfinex deposit address works quite diffently...

this one doesn't look like a "normal customer" deposit address

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: GG87 on June 08, 2018, 06:29:12 AM

Mocacinno, do you think it's used directly by the bitfinex owner.. or it is a normal user account on bitfinex?

I am not Mocacinno (even tho i love drinking them), but i am still going to answer your question

Each address owned by bitfinex is 'directly' owned by bitfinex. They just provide their address to a user to deposit to.

It (most probably) is a deposit address, since the concept of a 'mixing address' is unnecessary. It doesn't bring any benefits, just more TX's -> More fees.

The withdrawals from this address about 10-60 minute after deposits do also indicate that it is a 'deposit' address (which is being used to withdraw other customer).

GG87

newbie

Activity: 29

Merit: 0

Thank you all guys for the help.

Mocacinno, do you think it's used directly by the bitfinex owner.. or it is a normal user account on bitfinex?

it looks like an internal mixer used by the bitfinex owner Undecided

mocacinno

legendary

Activity: 3402

Merit: 5004

https://merel.mobi => buy facemasks with BTC/LTC

This address is part of a wallet that contains allmost 7000 addresses that were funded in the past:
https://www.walletexplorer.com/wallet/00000ff1c2221976/addresses

If you find a valid hit on one of these 6798 addresses using google, you'll know the real owner of said address

EDIT: it's probably bitfinex's hotwallet, at least, that's what a very quick google search told me (didn't investigate toroughly tough)

Tankdestroyer

full member

Activity: 476

Merit: 107

Quote from: GG87 on June 05, 2018, 07:30:52 AM

the other one is giving me an address with thousands transactions ( not even asking an exact amount )...
i really don't understand how it recognizes my payment

It is very likely that the address they are giving you with thousands of transaction is only given to you(by the time they have given it to you) and past transactions in it are already settled. When they see a recent transaction with that address, they assume that you are the one sending it(because past customers that might have sent a payment to that address would not send them bitcoins again) and sends your bitcoins after confirmation.

GG87

newbie

Activity: 29

Merit: 0

Quote from: bitmover on June 05, 2018, 06:49:32 AM

There are coinmixers like bitcloak which allows a user to pay anonymously using it.

You tell the mixer the destination address and you deposit your coin in their address. Take a look.

https://bitcloak43blmhmn.com/pay/9sk2d2ddaaS#pay

BitCloak is giving me a virgin bitcoin address to send payment.

the other one is giving me an address with thousands transactions ( not even asking an exact amount )...
i really don't understand how it recognizes my payment

so weird

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: GG87 on June 05, 2018, 06:41:21 AM

Quote from: bitmover on June 04, 2018, 08:26:38 PM

Are you sure it is bitfinex?

I think that's weird because some destination addresses are segwit and some are legacy.
It looks like a legacy address running some kind of script to redirect transfers.

Maybe it is a coinmix?

Thanks mate,

i didn't get it was a mixer, you're probably right

so this is the address used by the mixer and not a personal address, correct?

A guy is asking me to send a payment directly on this address,
how the mixer associate the transaction to his destination address?

i also noticed this address in ANY outgoing transaction
1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g

Undecided

There are coinmixers like bitcloak which allows a user to pay anonymously using it.

You tell the mixer the destination address and you deposit your coin in their address. Take a look.

https://bitcloak43blmhmn.com/pay/9sk2d2ddaaS#pay

GG87

newbie

Activity: 29

Merit: 0

Quote from: bitmover on June 04, 2018, 08:26:38 PM

Are you sure it is bitfinex?

I think that's weird because some destination addresses are segwit and some are legacy.
It looks like a legacy address running some kind of script to redirect transfers.

Maybe it is a coinmix?

Thanks mate,

i didn't get it was a mixer, you're probably right

so this is the address used by the mixer and not a personal address, correct?

A guy is asking me to send a payment directly on this address,
how the mixer associate the transaction to his destination address?

i also noticed this address in ANY outgoing transaction
1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g

Undecided

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: GG87 on June 04, 2018, 06:49:13 PM

Hi guys, do you have any idea of what kind of address is this?

https://blockchain.info/address/1LV8YwGzxi1bHjMVhvG5Z8gCNsCqyVs3L1

all the incoming transactions are automatically transferred to another address ( that should be the bitfinex hot wallet )

is it a wallet address, an exchange address or what? Huh

thanks

Are you sure it is bitfinex?

I think that's weird because some destination addresses are segwit and some are legacy.
It looks like a legacy address running some kind of script to redirect transfers.

Maybe it is a coinmix?

GG87

newbie

Activity: 29

Merit: 0

Hi guys, do you have any idea of what kind of address is this?

https://blockchain.info/address/1LV8YwGzxi1bHjMVhvG5Z8gCNsCqyVs3L1

all the incoming transactions are automatically transferred to another address ( that should be the bitfinex hot wallet )

is it a wallet address, an exchange address or what? Huh

thanks

Topic: Help recognizing / tracking a bitcoin address (Read 215 times)