Topic: How do you make KYCed Bitcoin not traceable to you? (Read 444 times)

I wouldn't say "impossible", since there's always a way to obfuscate your Bitcoin balance from third parties and even the government itself. It's just that it'll be much harder to "anonymize" your Bitcoins when there's KYC all over the place. Governments are ramping up their surveillance efforts, to help avoid people from getting access to Bitcoin without providing their personally-identifiable information.

If you're keen on hiding your Bitcoins from plain sight, then just use a reputable mixer (preferably non-custodial) or simply convert your BTC to XMR in an instant exchange (eg: SimpleSwap, CoinPlaza, FixedFloat) for complete peace of mind. It's as simple as that. For the truly paranoid, using a VPN is a must to add an additional layer of privacy. You should always seek to change your methods, especially when governments are constantly adding new obstacles to help prevent you from "laundering" your coins. It's a good thing Bitcoin is decentralized, or it would've been compromised already. As long as you follow the necessary security precautions, you'll have nothing to worry about. Just my thoughts

Yes it's true but even after splitting transactions if the Mixer's servers are private their Algo must be keeping the trail of where it is transferring the money and where the transaction is ending into. This much of info is enough for the bots these days to trace out complete path of the funds. But yes the Monero one is a better idea, if you both mix then switch to monero, then mix again into some wallet there is a very low chance you'll be caught.

There is a very interesting document: http://www.adamdoupe.com/publications/bitcoin-mixers-fc2021.pdf
which describes different types of mixers. Really worth to read!
Especially to focus on forum's favourite Chip Mixer (which at the end is really good!)

Let me quote the abstract:

Well, you can split them into different transactions and not at once.
Using multiple times of mixer services I think that could be your coin becomes clean and it is untraceable from you, using also a p2p exchange will perhaps decrease the chance of tracing your identity. It could be using conjoin and mixing service or selling your bitcoin to monero and when you have monero buy again into bitcoin and transfer to your cold storage where your identity was not linked.

I think mixers are the only way, Good mixers make it impossible to track the precedents and the trail of your bitcoins as the money moves across a lot of wallets in different byte sizes to reach your wallet which is the final destination. Good mixers don't even keep the track of this themselves so even if the authorities question them about it they don't have any idea as to what the trail was. Other than this obviously there is no way to wash off your BTC again once you have established a KYC based trail atleast somehwere.

I wanna recommend a thread by n0nce about the whole topic of privacy in Bitcoin.
https://bitcointalksearch.org/topic/megathread-bitcoin-layer-1-privacy-concepts-ideas-research-discussion-5410526

This is a great starting point and very comprehensive summary of possible solutions right now and ideas for layer1 Bitcoin privacy.

That's actually a great idea I hadn't thought about. However, in my case, I had non-KYC Bitcoin, which was then deposited and sold on Bitstamp as Litecoin. After that, they were moved to Binance, turned into BUSD, and moved to Metamask. They stayed undercover for quite a while and multiplied through staking and yield farming. My largest mistake now is that, after Luna crashed, I moved all my money from being undercover on Metamask, on Binance. As a result, I'm now presenting a larger value than I ever had on a CEX. For instance, let's suppose that I deposited $4,000 and now have $6,000 worth of crypto. In my case, it's practically impossible to permanently delete my traces.

Yes, but that doesn't eliminate your footprints. If you bought 1 BTC in Binance, completed KYC, and sent them afterwards for mixing, they already know enough; namely, how much at least you're likely to own. You need to make sure that they can't turn anything against you. And the way to do that is to withdraw every KYC-ed bitcoin (which is like undoing the purchase), and use that money to buy non-KYC bitcoin later on.

If your address is public and you use a non-custodial wallet, it can always be traced. For example, if you use Binance, Binance is fully conscious of whatever you deposit there. When you send to another address, they know where you sent it. That everything can be traced. As kind of a consequence, the only way to break the link is to use a reputable mixer and a non-custodial or hardware wallet. Then it will no longer be able to track you, despite the fact that all transactions are traceable on the Blockchain. They would not assume which address you have been using. As something of a matter of fact, your privacy is entirely dependent on you. Even if you do not use KYC for exchange or wallet, they can identify you based on your IP address. So when using wallets, you must exercise extreme caution.

KYCed bitcoin? You mean the bitcoin which you bought on an exchange where you completed KYC right?

If that is the case first you need to withdraw to mix or further but the exchange knows you withdrew the BTC, and almost any centralized exchange whether it has mandatory KYC or not will ask you to verify identify once you try to withdraw huge amount or when they feel something suspicious.

So sell BTC on exchange for fiat then buy BTC using p2p like bisq then use mixing service so it will be untainted.

Bitcoin is a pseudo-anonymous cryptocurrency.  To increase your anonymity, it is better to use mixers or Monero (XMR).  

At the same time, when building a chain of successive exchanges, you need to avoid cryptocurrency exchanges that use KYC and AML procedures.  At the same time, even the main developer of the anonymous cryptocurrency Monero wrote that absolutely anonymous cryptocurrencies do not exist and even Monero is not absolutely anonymous.  

You can achieve a certain degree of anonymity and privacy online.  

But much depends not only on the use of specific technical tools, but also on the actions of the user himself (on his publicity).

If you're referring to how to remain private by maintaining a privacy with your every transactions made, there are two ways you can go about it, run a full mode using bitcoincore client with Tor, you can also require the services of bitcoin mixing in which we have some reputable ones here on the forum that provides mixing addresses for privacy, example is the bitcoin "chipmixer" which hold their signature campaign on the forum, you can read more about mixing guide from this link: https://bitcointalksearch.org/topic/guide-decent-mixing-methods-5146241

the answer is true, if you can check it one by one actually there is firm and app to track bitcoin transaction but still it can be untraceable in my opinion. you can use multiple bitcoin mixer and build a new bitcoin wallet not one but couple of it and last if you want to sell, sell it on P2P or exchange it/bridge it to other coin like monero so it become untraceable?

anyway why you asking these    are you want laundry some money 

What I do is to withdraw from a KYC exchange using a coin which is cheap to move out there (low exchange fees), for example: Dash, Litecoin, Monero, etc.
Once I managed to withdraw that money in altcoin, I use a non-KYC exchange to swap those altcoins for Bitcoin directly to my wallet.

I do not do it for the sake of privacy but rather to save money in exchange fees, the fact I end up with non-KYC satoshis is a plus.

Donate them, no longer tracing back to you. How old are you Op?

Sell same amount on same CEX. Have proof you sold what you bought and have nothing.
Buy same amount on non KYC exchange. Never use KYC exchange again.

Okay, I have a genuine question since the majority here mentioned mixing services such as Chipmixer. Let's suppose that I have a fully verified account on Binance; they have my ID, tax number, full address, and everything, and I purchase at some point $10.000 worth of bitcoin. How can it become untraceable since a CEX that has all my personal details knows that at some point I bought X amount of bitcoin? The mixer will only make the transactions untraceable back to me, but a centralized organization already knows what I've bought in the past.

"Washing" or "tumbling" Bitcoin refers to the practice of using a third-party service to mix one's Bitcoin with other users' Bitcoin in order to obscure the trail of transactions leading back to the original owner. The idea is that by mixing the Bitcoin with other users' coins, it becomes more difficult for anyone to track which coins belong to the original owner.

It is true that it is generally not possible to completely disassociate oneself from Bitcoin transactions. The public and transparent nature of the blockchain means that every transaction is recorded and can be traced back to the original owner, at least in principle. However, the extent to which transactions can be traced depends on a number of factors, including the level of effort and resources put into the task, as well as the specific methods used to mix the coins.

In general, it is thought that using a reputable Bitcoin tumbling service can make it significantly more difficult to trace transactions back to the original owner. However, there is no guarantee of complete anonymity, and it is possible that with sufficient effort and resources, transactions could still be traced back to their original owner. As such, it is important for you to carefully consider the potential risks and trade-offs involved in using a Bitcoin tumbling service.

Can we say that the method I described AS WELL AS coin mixing would be even better? Perhaps an overkill, but as long as it is better (even %1) and not actually worse.

I mean, we dont have that problem now do we? The same method cannot be used.