How do we trade as anonymous - page 2.

Ryker1

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

Well, actually there are too many ways if you are choosing a decentralized exchange, but most commonly bitcoin transactions can be traceable.
One of the reasons why most of us prefer to trade anonymously is because of security nowadays hackers are too aggressive that they will even steal all your personal information, and use it for their own goods especially if you are one of the whales then tons of bitcoins can be stolen to you if they can have access to your personal information and your account. Perhaps you want to know how we can trade anonymously is by your username and the rest of the transaction may no longer be 100% anonymous especially when you do exchanges like cashing your bitcoin. Indeed, --KYC's are now being imposed on any form of trading and as soon as it will be implemented in cryptocurrency then much likely we cannot do trading anonymously anymore.

wxxyrqa

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Quote from: mersal on May 20, 2020, 04:48:22 PM

Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

You can use decentralized exchange to trade completely anonymous but converting fiat into crypto or vice versa can be a hard task to do with complete anonymous, you can use p2p exchange but still that trader knows your payment details and can track your identity.

Today, many cryptocurrency exchanges are forced to follow the rules that are set by regulators to legalize their business. Nevertheless, on each exchange there is a minimum amount of funds that a trader has the right to withdraw from his account, while he does not require verification. there are a lot of bir on the cryptocurrency market, among which you can make a choice where KYC is optional. At least I use Binance and passport data I still have not provided. And you are right that this does not apply to cryptocurrency cashing.

yarlungzangbo

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Quote from: drlukacs on May 20, 2020, 11:14:20 AM

Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

You can't get rid of "spies" in Whale - alert. One of the signal channels in Telegram is watched by more than hundred thousand people. Your actions will be monitored if your transaction is greater than $ 1 million.
If you are trading on exchanges then you need to do KYC. If you do not conduct KYC and trade in large quantities, the exchange team will suspect you are a hacker and may freeze your account at any time.

I think peopel are care about the msg about exchange transcation from Whale-alert

If you see the msg shows the transcation between 2 unkown addresses, you won't get much from this alert msg

vicoma

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The best is to choose and exchange that does not require KYC to trade regardless the amount either small or big

mersal

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

You can use decentralized exchange to trade completely anonymous but converting fiat into crypto or vice versa can be a hard task to do with complete anonymous, you can use p2p exchange but still that trader knows your payment details and can track your identity.

stomachgrowls

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Quote from: Reatim on May 20, 2020, 06:32:28 AM

Quote from: tvplus006 on May 20, 2020, 05:24:06 AM

Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

Why the whales want to trade as anonymous?
...

In the cryptocurrency market, everyone wants to remain anonymous. Even those who have a very small turnover in trading do not want to disclose confidential information about themselves and do not pass verification on the exchange. Now imagine what these MM's have balances that can guide the market in any direction. That's why they don't want to be linked to their balance sheets.

Actually i don't find reason why need to be specific in whales when all of us(or maybe almost all) wanted to remain anonymous so where did he get the idea asking this since it is obviously answered around the forum.

and also i believe that Yeah we can be not having true anonymity but at least respect our desires of being hidden unless there are few who will make our identity broadcast in what reason?i don't know but still i will choose tp be anonymous .

When we do talk about Anonymity then it would particular cover up;

Personal Info
Taxation matters
Money laundering
etc...

People here on this market do really prioritize anonymity thats why it become popular but due to centralization on most exchangers excluding dex ones then that
primary motive is slowly turning to the contrary path.Asking on how whales do make those big transactions? Of course they do comply out on whats asked.

DEX is there but it do still lack of liquidity and also we cant cash out or make transactions towards fiat thats why we dont have any choice to take but to trade
on those centralized platforms.Aside from p2p tx's then this would be the closest way on how to deal up with crypto to fiat or fiat to crypto.

giammangiato

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

You can trade on exchange where they don't ask kyc and use more account for the limit amount. For example if u wanna trade 10 BTC and the limit for each account is 2 BTC u need 5 account for do it. You can also use Decentralizate exchange for do it

RealMalatesta

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There are way too many bots that could help anyone with these kinds of problems. I know it is not healthy and its quite risky but they are out there. How? You could basically make bots that will trade from thousands of accounts to thousands of wallets, that way you can even trade on binance without getting too much attention.

All you have to do is 500 accounts, all maxing out 2 bitcoin without KYC, and an automatic bot that would basically all buy bitcoin or sell bitcoin and you would be doing it anonymously. Of course I am not saying it will work, there are risks involved because if you get caught you could be banned and that is a ton of money to lose in that case. But there are methods, plus if we are talking about non-whales, it is even more simple right now.

ethereumhunter

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

I don't want to trade with a large amount with someone that I don't know because that will be too risky for me. It is better that I do that with a small amount to try the services so then I can start another transaction with the people who I can trust. But if you want to trade as anonymous, I think you can try with OTC, but I am not yet trying the services because I still use the exchange and some of my friends who always help me if I want to buy bitcoin.

drlukacs

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

How do we trade as anonymous when we trading with a large amount?

You can't get rid of "spies" in Whale - alert. One of the signal channels in Telegram is watched by more than hundred thousand people. Your actions will be monitored if your transaction is greater than $ 1 million.
If you are trading on exchanges then you need to do KYC. If you do not conduct KYC and trade in large quantities, the exchange team will suspect you are a hacker and may freeze your account at any time.

durilup

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I think the only way to trade anonymous is to use a descentralized exchange . If you trade high volume on centralised exchanges it could be possible to provide a KYC and also block/lose your funds . Take care

whyrqa

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I live in Ukraine and my government has decided not to prohibit any activity related to cryptocurrency. every citizen can invest in cryptocurrency, buy or trade cryptocurrency. but at the same time, transactions that will exceed $ 1,500 will require verification and will therefore need to be taxed. Based on this, I believe that traders who work in the cryptocurrency market in my country, as well as in other countries, try to avoid the excessive attention of certain state structures and avoid taxation, as their daily cash flow exceeds the established government standards. it is possible that precisely because of this their desire to be anonymous is so strong.

Reatim

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Quote from: tvplus006 on May 20, 2020, 05:24:06 AM

Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

Why the whales want to trade as anonymous?
...

In the cryptocurrency market, everyone wants to remain anonymous. Even those who have a very small turnover in trading do not want to disclose confidential information about themselves and do not pass verification on the exchange. Now imagine what these MM's have balances that can guide the market in any direction. That's why they don't want to be linked to their balance sheets.

Actually i don't find reason why need to be specific in whales when all of us(or maybe almost all) wanted to remain anonymous so where did he get the idea asking this since it is obviously answered around the forum.

and also i believe that Yeah we can be not having true anonymity but at least respect our desires of being hidden unless there are few who will make our identity broadcast in what reason?i don't know but still i will choose tp be anonymous .

MCobian

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In my opinion not only whales who want to trade as anonymous, but we all want to trade as anonymous. Because of personal data very important
and not for dissemination. Especially whales that have cryptocurrency in large numbers, would be very dangerous if not anonymous, hackers will
target whales if the data is opened to the public. Then to trade BTC to ETH so that the transactions are credible, must look for credible exchanges
as well as a trading place. Whales trading with crypto in large numbers, they must convert crypto to fiat to finish the transaction.

tvplus006

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

Why the whales want to trade as anonymous?
...

In the cryptocurrency market, everyone wants to remain anonymous. Even those who have a very small turnover in trading do not want to disclose confidential information about themselves and do not pass verification on the exchange. Now imagine what these MM's have balances that can guide the market in any direction. That's why they don't want to be linked to their balance sheets.

Paycoinzzz

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Quote from: yarlungzangbo on May 17, 2020, 09:06:06 AM

Why the whales want to trade as anonymous?

If they are trading by any payment method ,that means their name are known by the payment services.

Q1: If they are trading by crypto like BTC to ETH , how to make the transcation credible?

Q2: If they trade ETH/BTC as a large amount and the whales still keeping anonymous, how do they finish this transcation?

In fact, they don't need to buy ETH or BTC on any intermediate exchange. they all have bitcoin miners, they will use BTC there to trade and manipulate the crypto market. All their activities are anonymous and they won't let anyone know their identity. This is a market with strong manipulation and also the most anonymous billionaires. Cheesy

imstillthebest

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Quote from: yarlungzangbo on May 20, 2020, 03:22:00 AM

Quote from: 7788bitcoin on May 19, 2020, 05:09:08 PM

Quote from: BitcoinTurk on May 19, 2020, 04:01:04 PM

Quote

Why the whales want to trade as anonymous?

I just want to answer this question because I have a few ideas about this topic. If we come to the answers;

- In order not to have any trouble with the state,
- In order not to pay taxes on their earnings,
- In order not to disclose their identity,
- In order not to attract attention,
- Easy to control the market without knowing

For these reasons, I think big investors keep their identities anonymous.

If you are trading with a huge amount then you cannot hide from the state and you will be paying the taxes to avoid getting into trouble and you only need to pay the tax if you are converting crypto to fiat.

Majority of the volume takes places in centralized exchanges and can you pinpoint one exchange where you can trade anonymously as a whale Tongue

.
The exchanges will not reveal the identity of the customers unless there is legal issues associated with the customer. So basically the whales are not anonymous like you think Tongue

.

If i sell usdt to fiat , do i need to pay tax for the earning?

so you are asking the question because you yourself is a whale ? whale or not whale i think both are still the same , all of us here on the crypto ecosysytem are equal and are anonymous so how can they know our names and charge us a tax ?

charged us with transaction fee maybe because that is part of the game but when it comes to tax matters , all of those only exist on a real world imo .

yarlungzangbo

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Quote from: 7788bitcoin on May 19, 2020, 05:09:08 PM

Quote from: BitcoinTurk on May 19, 2020, 04:01:04 PM

Quote

Why the whales want to trade as anonymous?

I just want to answer this question because I have a few ideas about this topic. If we come to the answers;

- In order not to have any trouble with the state,
- In order not to pay taxes on their earnings,
- In order not to disclose their identity,
- In order not to attract attention,
- Easy to control the market without knowing

For these reasons, I think big investors keep their identities anonymous.

If you are trading with a huge amount then you cannot hide from the state and you will be paying the taxes to avoid getting into trouble and you only need to pay the tax if you are converting crypto to fiat.

Majority of the volume takes places in centralized exchanges and can you pinpoint one exchange where you can trade anonymously as a whale Tongue

.
The exchanges will not reveal the identity of the customers unless there is legal issues associated with the customer. So basically the whales are not anonymous like you think Tongue

.

If i sell usdt to fiat , do i need to pay tax for the earning?

el kaka22

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Staying anonymous is basically obvious for security reasons and nothing else. However how they do it is basically different for each of them, not same for any of them.

For example, some people use business' accounts for it and take it personally instead. There are tons of wall street companies who have accounts on places like coinbase and they are all legit in any way you can think, after they connect to coinbase, they charge you regular money for something, and they use it to buy bitcoin, and they pay you in bitcoin, that way they can either stay anon or basically not give info to anyone else that they didn't want.

There are dozens of different methods and they use it however they want, it all depends on how much money we are talking about when we say whales.

Latviand

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Quote from: ScamViruS on May 19, 2020, 01:59:44 PM

Not only whale but we also like to be anonymous. But it cannot remain anonymous in the end. Because most of the exchanges want kyc, so you have to give your information to the exchange. The same rule applies to whales, so since (I am not a whale, I can't guarantee this). Grin

If the whale has kyc like us then the exchange knows his identity, but they will not share his identity for privacy reason. If the whale comes in front of everyone then there are some problems for him. Since whales have a huge amount of funds, there is a security issue here.

Who wants to be known when you trade? If you perform any transactions in cryptocurrency, you should be anonymous so that people will not have any idea about your identity and accounts. People are really prone to scamming and hacking when their identity are exposed or made into public that's why it is really guaranteed to perform trading using other accounts.

It is much safer for people to hide their identities during transactions so that hackers will not detect them and will not have any information about them. Safety and security is really essential in maintaining your comfortability in using cryptocurrency.

Maybe that's the reason why whales are hiding their identity so that they will not know that they are holding huge amounts of bitcoin. So that the community will not even know if they are holder or not, if a certain people is using cryptocurrency or not.

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