How Anonymous are online exchanges? | Bitcointalksearch.org

keithers

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This is the land of wolves now & you're not a wolf

Quote from: bitsmichel on May 25, 2014, 04:43:17 PM

Quote

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

It depends on the exchange, some exchanges track your IP address (or more). Bitstamp wants all your info, BTC-e tracks your IP, I dont know about others; I dont know about an exchange accept darkcoin;

Yeah, BTC-E is pretty anonymous if you deposit and withdraw crypto only. You basically only need an email address and an internet connection. Proving a transaction on a particular person could probably be difficult, if you intentionally covered your tracks

bitsmichel

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Quote from: bluemeanie1 on May 25, 2014, 06:00:06 PM

you can use as many VPNs as you want, unless you want to use something like localbitcoin, which is unreliable, then you need to identify yourself. The sentries are standing at the point when you move between BTC and 'fiat'.

Exactly, moving BTC to fiat is the tricky part, you would need either a bank intermediary or meetup with a person. (or buy goods & sell goods for fiat)

Pobre

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HEy Hey HEY??

They aren't anonymous at all, most of them track down your IPs and they take a lot of your personal information during the signup, and the data of the customers can also be leaked out by them.

Ron~Popeil

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With the exception of selling face to face there are always ways to identify you when you convert to fiat. Face to face is a really slow way to convert large amounts.

TrailingComet

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Safest to assume that they are not

Face to face is only hope of reasonable privacy

bluemeanie1

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bluemeanie

is it possible to get money out of Darkcoin without identifying yourself? (I assume not)

you can use as many VPNs as you want, unless you want to use something like localbitcoin, which is unreliable, then you need to identify yourself. The sentries are standing at the point when you move between BTC and 'fiat'.

with a decentralized exchange it's very easy to circumvent these laws. https://nxtforum.org/asset-exchange-62/how-to-make-your-own-local-fiat-exchange-with-nxt-ae/

-bm

bitsmichel

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One could

Quote from: bluemeanie1 on May 25, 2014, 05:45:55 PM

Quote from: $40 on May 25, 2014, 05:42:40 PM

Quote from: bluemeanie1 on May 25, 2014, 04:52:58 PM

Quote from: $40 on May 25, 2014, 04:26:59 PM

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

most of the exchanges have your personal info and certainly they share that info with various authorities. You can then use this data, perhaps correlate it with other databases to determine the ownership of Bitcoin accounts. I'm sure it's very easy to correlate a Bitcoin address to a gmail account or facebook account and these days that means they might as well have your passport.

Darkcoin does not have much to their claims about a privacy implementation.

-bm

say the exchange was signed up for with a safe-mail account that was never used again and the exchange was only accessed through orbot on a cell phone in a false name. Cashed out at an ATM. Any better or does it make any difference?

it's illegal to run an exchange like that in most of the Western world. The basic requirement for being Money Transmitter is agreeing to the legal responsibility of identifying your customers.

-bm

To hide your identity you could use several VPNs. That way, you could transfer darkcoin to btc. Then you have to transfer the btc to many different addresses over time. Perhaps some of the addresses randomly of the web/forums. Finally, cash out in USD the normal way. Not sure why you would wanna go trough all these troubles;

bluemeanie1

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bluemeanie

Quote from: $40 on May 25, 2014, 05:42:40 PM

Quote from: bluemeanie1 on May 25, 2014, 04:52:58 PM

Quote from: $40 on May 25, 2014, 04:26:59 PM

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

most of the exchanges have your personal info and certainly they share that info with various authorities. You can then use this data, perhaps correlate it with other databases to determine the ownership of Bitcoin accounts. I'm sure it's very easy to correlate a Bitcoin address to a gmail account or facebook account and these days that means they might as well have your passport.

Darkcoin does not have much to their claims about a privacy implementation.

-bm

say the exchange was signed up for with a safe-mail account that was never used again and the exchange was only accessed through orbot on a cell phone in a false name. Cashed out at an ATM. Any better or does it make any difference?

it's illegal to run an exchange like that in most of the Western world. The basic requirement for being Money Transmitter is agreeing to the legal responsibility of identifying your customers.

-bm

$40

newbie

Activity: 8

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Quote from: bluemeanie1 on May 25, 2014, 04:52:58 PM

Quote from: $40 on May 25, 2014, 04:26:59 PM

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

most of the exchanges have your personal info and certainly they share that info with various authorities. You can then use this data, perhaps correlate it with other databases to determine the ownership of Bitcoin accounts. I'm sure it's very easy to correlate a Bitcoin address to a gmail account or facebook account and these days that means they might as well have your passport.

Darkcoin does not have much to their claims about a privacy implementation.

-bm

say the exchange was signed up for with a safe-mail account that was never used again and the exchange was only accessed through orbot on a cell phone in a false name. Cashed out at an ATM. Any better or does it make any difference?

bluemeanie1

sr. member

Activity: 280

Merit: 257

bluemeanie

Quote from: $40 on May 25, 2014, 04:26:59 PM

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

most of the exchanges have your personal info and certainly they share that info with various authorities. You can then use this data, perhaps correlate it with other databases to determine the ownership of Bitcoin accounts. I'm sure it's very easy to correlate a Bitcoin address to a gmail account or facebook account and these days that means they might as well have your passport.

Darkcoin does not have much to their claims about a privacy implementation.

-bm

bitsmichel

sr. member

Activity: 518

Merit: 250

Quote

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

It depends on the exchange, some exchanges track your IP address (or more). Bitstamp wants all your info, BTC-e tracks your IP, I dont know about others; I dont know about an exchange accept darkcoin;

$40

newbie

Activity: 8

Merit: 0

If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?

Topic: How Anonymous are online exchanges? (Read 735 times)