How to make Bitcoin transactions untraceable? - page 7.

ranlo

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Quote from: BitcoinNewsMagazine on August 15, 2015, 07:13:02 PM

Quote from: ranlo on August 15, 2015, 05:09:11 PM

Quote from: sana9821 on August 15, 2015, 04:51:05 PM

The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess

There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution.

References please. Anyone using a mixing service can use the blockchain.info taint analysis tool to determine if there is any correlation between coins submitted to the service and coins received. A proper mixing service will return bitcoins with zero percent taint. No taint means that the coins you received back from the mixer cannot be correlated to the coins you sent. Everyone knows that mixing services are popular with darknet drug vendors so the coins you get back from the mixer might be traced back to one of the darknet markets. That would be a separate concern.

Will this work for you? There's been evaluations outside of MIT, as well, showing similar situations.

BitcoinNewsMagazine

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Quote from: ranlo on August 15, 2015, 05:09:11 PM

Quote from: sana9821 on August 15, 2015, 04:51:05 PM

The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess

There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution.

References please. Anyone using a mixing service can use the blockchain.info taint analysis tool to determine if there is any correlation between coins submitted to the service and coins received. A proper mixing service will return bitcoins with zero percent taint. No taint means that the coins you received back from the mixer cannot be correlated to the coins you sent. Everyone knows that mixing services are popular with darknet drug vendors so the coins you get back from the mixer might be traced back to one of the darknet markets. That would be a separate concern.

ranlo

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Quote from: 98problems on August 15, 2015, 05:18:40 PM

Quote from: ranlo on August 15, 2015, 05:09:11 PM

Quote from: sana9821 on August 15, 2015, 04:51:05 PM

The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess

There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution.

oh that's good to know then and how about depositing to sports books for example then widrawing to a mixer and so on after doing these combinations it would be harder to trace it yes?

Technically, it depends. The important thing to remember is that any licensed casino has to track deposits/withdrawals. If they are subpoenaed, they would be forced to turn over where your deposits came from and where your withdrawals went to, which would nullify the anonymity of it. So while the blockchain itself might not have a trail, there is most definitely still one that can be followed.

98problems

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Quote from: ranlo on August 15, 2015, 05:09:11 PM

Quote from: sana9821 on August 15, 2015, 04:51:05 PM

The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess

There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution.

oh that's good to know then and how about depositing to sports books for example then widrawing to a mixer and so on after doing these combinations it would be harder to trace it yes?

ranlo

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Quote from: sana9821 on August 15, 2015, 04:51:05 PM

The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess

There have been studies done with mixers that show even after using multiple of them, there are still tracks that can be followed. While they definitely help obfuscate things, they aren't the ultimate solution.

sana9821

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The best way to make bit coin transactions untraceable and completely anonymous is to use bit mixer a few times after it you transactions will surely be untraceable as no one will know real bitcoin addressess

Racey

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Soon, I have to go away.

Quote from: Possum577 on July 17, 2015, 01:13:35 PM

Xapo also claims to mix or scramble payment received so no one can track your balance if they've used a payment address in the past.

The bitmixer might be the right option for you but if you don't want to the third party involvement, check out Xapo.

I would never trust Xapo

Xapo Adds Former Visa and Citibank Execs to Board of Advisors

Read all of this post, and you may get the gist of what I mean.

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Quote from: tyz on August 15, 2015, 08:41:56 AM

Quote from: medUSA on July 27, 2015, 07:33:45 AM

I understand that some people would like to make their coins less traceable. There is no disadvantage in that.

The reason is the following (because someone else also asked me via pm). A friend of mine was using Bitcoin for some hosting stuff mainly. He bought some coins and spend them. What he did not know was, that a part of the bought coins was involved into a theft before. A couple of weeks later the police knocked on its door and asked him some questions. It was quickly clear that has nothing to do with the theft. But it was a strange situation. To prevent such happenings, I would like to make the coin origin invisible Wink

By the way, the police got his address from the webhosting company where he paid its hosting plan with Bitcoin.

It is quite impossible for such things to happen. Since most of the coins are tainted, it would be quite hard for police to determine which is the address involved. Even if the police want the person's address, it would be quite a hassle. He has to determine who does the address belong to (payment processor) then ask the hosting company assuming that the person didn't give fake info then knock on your door.

tyz

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Quote from: medUSA on July 27, 2015, 07:33:45 AM

I understand that some people would like to make their coins less traceable. There is no disadvantage in that.

The reason is the following (because someone else also asked me via pm). A friend of mine was using Bitcoin for some hosting stuff mainly. He bought some coins and spend them. What he did not know was, that a part of the bought coins was involved into a theft before. A couple of weeks later the police knocked on its door and asked him some questions. It was quickly clear that has nothing to do with the theft. But it was a strange situation. To prevent such happenings, I would like to make the coin origin invisible Wink

By the way, the police got his address from the webhosting company where he paid its hosting plan with Bitcoin.

White sugar

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Quote from: Nas on August 06, 2015, 10:51:37 AM

First put your BTC in a gambling for 1.01 odd. Next withdraw your earning to an altcoin exchange and buy Monero/Darkcoin. Then withdraw your altcoin to another exchange and sell. At last withdraw BTC to your newly created address.

Don't follow the 1.01x gamble step, you always can lose everything.

And would not be simpler just use mixers?

98problems

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Quote from: sherbyspark on August 06, 2015, 03:28:12 PM

Quote from: Nas on August 06, 2015, 10:51:37 AM

First put your BTC in a gambling for 1.01 odd. Next withdraw your earning to an altcoin exchange and buy Monero/Darkcoin. Then withdraw your altcoin to another exchange and sell. At last withdraw BTC to your newly created address.

A combination of a mixer and a gambling site would be enough for making your coins completely untraceable as well. And you really don't have to make a bet on a casino site to withdraw.

well some websites might send you the same bitcoins from the same address that you sent it into, you can try mixing your coins a few times would it make everything untraceable enough?

sherbyspark

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Quote from: Nas on August 06, 2015, 10:51:37 AM

First put your BTC in a gambling for 1.01 odd. Next withdraw your earning to an altcoin exchange and buy Monero/Darkcoin. Then withdraw your altcoin to another exchange and sell. At last withdraw BTC to your newly created address.

A combination of a mixer and a gambling site would be enough for making your coins completely untraceable as well. And you really don't have to make a bet on a casino site to withdraw.

Nas

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First put your BTC in a gambling for 1.01 odd. Next withdraw your earning to an altcoin exchange and buy Monero/Darkcoin. Then withdraw your altcoin to another exchange and sell. At last withdraw BTC to your newly created address.

tyz

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Great, this is actually what i was looking for. it needs some time to follow the steps but it works fine for me Roll Eyes

Quote from: Muhammed Zakir on August 04, 2015, 12:36:42 PM

Stealth payments can also be used for making your transactions less traceable.

Reference links:

• http://sourceforge.net/p/bitcoin/mailman/message/31813471/
• http://sx.dyne.org/stealth.html
• Stealth transaction: https://www.blocktrail.com/BTC/tx/6ea5c6f1a97f382f87523d13ef9f2ef17b828607107efdbba42a80b8a6555356

lahm-44

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well this is exactly what bitmixer.io also wanted to do...but they can't make bitcoin trancastions completly difficult its just they are making it a bit harder to trace..but if you want then just use a different bitcoin address for every transaction..that will only good way to get a good privacy

dothebeats

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What I usually do is to send x amount of btc to an exchange and withdraw it to a new address. Most of the exchanges do not use the same address if you withdraw your coins. In that way, your coins may be mixed with other coins and will likely be untraceable. Other mixer service also do the thing, but I'm not sure whether your coins would really be that secure or 'mixed' because any time, these mixing services could tell the information to the authorities.

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Stealth payments can also be used for making your transactions less traceable.

Reference links:

• http://sourceforge.net/p/bitcoin/mailman/message/31813471/
• http://sx.dyne.org/stealth.html
• Stealth transaction: https://www.blocktrail.com/BTC/tx/6ea5c6f1a97f382f87523d13ef9f2ef17b828607107efdbba42a80b8a6555356

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: Amph on July 17, 2015, 02:09:30 PM

use more than two exchanges and turn your bitcoin in monero or another cryptonight coin that is less known, it should be enough to hide your transactions

or another simple thing is earning bitcoin through anon stuff like, signature campaign, mining or faucets

Great idea (the first one). It can even be complicated using more exchanges.

futurebit640

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connect an address BTC for an individual can be very difficult but it's not impossible. There are some standard practices you can use to reduce that risk, particularly not reusing addresses.
You could also look into using Bitcoin mixer.

BitcoinNewsMagazine

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Quote from: Coef on July 25, 2015, 09:05:30 PM

Quote from: tyz on July 25, 2015, 11:12:10 AM

Yes, this in an option. But every transfer through a hot wallet what you not control is a risk for your coins.

Quote from: roadbits on July 25, 2015, 11:03:23 AM

If you are interested in a high level of anonymity for your existing coins, you may transfer them through several hot wallets of high volume. It could be exchanges, gambling sites, public mixers, etc. and using a chain of proxies to get a less traceable Internet connection.

You could try blockchain.info's "Shared Coin" (open source, based on CoinJoin) if you don't want to trust a third party.

It won't remove the link between your inputs and outputs completely. Instead, it groups multiple persons' inputs and outputs together and makes it very hard to trace the individual transaction.

Kristov Atlas has already warned about using Shared Coin. See this thread at reddit for your best options.

Topic: How to make Bitcoin transactions untraceable? - page 7. (Read 16060 times)