How to transfer bitcoins anonymously?

A.Delaney

member

Activity: 266

Merit: 13

Quote from: cabron on May 13, 2021, 09:06:03 PM

Let's say you mixed your coins successfully and send them to a private wallet no one knows and never been used since. So it got out of the exchange as the last traceable link to it. I was just thinking if the IRS will ask you what happen to your coins that got out of the exchange?

What would you say to the IRS who will visit you to ask these data personally?

This is the same thing I was thinking. You have currency in an account registered to you and it vanishes without a trace. I would think that would raise a red flag.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Let's say you mixed your coins successfully and send them to a private wallet no one knows and never been used since. So it got out of the exchange as the last traceable link to it. I was just thinking if the IRS will ask you what happen to your coins that got out of the exchange?

What would you say to the IRS who will visit you to ask these data personally?

Kemarit

legendary

Activity: 3080

Merit: 1353

As others have said, you can used bitcoin mixers.

There is also this option that you can used, but needed some technical knowledge on your end.

[1] Wasabi - https://wasabiwallet.io/
[2] Samourai - https://samouraiwallet.com/

And then use Tor - https://www.torproject.org/download/

Twentyonepaylots

sr. member

Activity: 1848

Merit: 370

Mixers are there to help you with that. It's kind of like money laundering but legal and secure, just ensure that you of course mix your coins with a reputable provider. What goes on is the coins are mixed with other coins in the market and is sent to you in batches to ensure that no one is able to track that it came from a single person's transaction. it's a good way to avoid being targeted by hackers.

Ebede

member

Activity: 868

Merit: 38

Join hands and help me to grow everybody...

Quote from: Trixoempire on May 12, 2021, 03:18:38 PM

Bitcoin mixier chipmixer is good

How did you know that chipmixer is good? have you everly transact with them since you join community, like if someone ask you? I know very well that i dont have the pre knowledge of how to transfer Bitcoin, then am busy reading everyone post in order to understand what i dont know, and since i notic that this forum is University that impact nice knowledge of cryptocurrency to anyone who is ready to learn.

Kittygalore

member

Activity: 868

Merit: 63

Mixing services are the only one that I can think at the top of my head that you can use to transfer bitcoins to the most anonymous fashion also you might want to try and go for Monero, that one is pretty anonymous cryptocurrency.

ranochigo

legendary

Activity: 2954

Merit: 4158

Quote from: Upgrade00 on May 12, 2021, 03:22:04 PM

You can pass the coins through a mixer or use a wallet that supports coinjoining services, this way the transaction would be untraceable to the exchange transaction.
Also, you can avoid exchanges which request KYC to further protect your privacy

It is not untraceable. The way CoinJoin functions makes it such that it is more difficult to associate the inputs and the outputs and thus anyone trying to break the privacy would know one of the outputs belongs to OP but they would have a harder time trying to find out which. In a way, CoinJoin obfuscates the origin and the end-point but it doesn't completely break the link. An advantage would that it is basically trustless.

If you need to completely break the link, use an actual mixer. That alone wouldn't be enough, you have to take steps to ensure that your privacy is preserved when sending the coins or using the website.

dkbit98

legendary

Activity: 2212

Merit: 7064

Cashback 15%

Quote from: re4mat0r on May 12, 2021, 03:15:43 PM

Hi. I want to have bitcoins on a paper wallet, but how to make it completely anonymous, how to break the link between my name on exchange and the wallet? I don't want the paper wallet to be linked to my identity in any way. Is it possible?

Instead of using centralized exchanges with mandatory kyc, you should use P2P websites like localcryptos.com or decentralized exchanges like Bisq to purchase and exchange your coins.

There is no perfect anonymity and privacy for Bitcoin but you can use several techniques to improve it with something like Coinjoins with Wasabi wallet, and mixing services like Chipmixer.

There are limitations for coinjoins and you need to have minimum 0.1 BTC for that, but you can send smaller amounts of Bitcoin to Chipmixer, you will then receive chips with private keys, sweep them and send to your paper wallet.

SimpleMan

full member

Activity: 462

Merit: 100

The Standard Protocol - Solving Inflation

Quote from: Upgrade00 on May 12, 2021, 03:22:04 PM

You can pass the coins through a mixer or use a wallet that supports coinjoining services, this way the transaction would be untraceable to the exchange transaction.
Also, you can avoid exchanges which request KYC to further protect your privacy

Avoiding exchanges that request KYC also comes at the risk that they shut their doors right after you deposit your Bitcoins. I don't know how much you want to send to that paper wallet, but going with unregistered exchanges when we are talking high amounts of Bitcoins is like playing with fire.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

As for the posts above its true that a bitcoin mixer is your only way to do what you want. But the thing is exchanges prohibits the use of mixers, sending and receiving funds from/to exchanges (esp those exchanges that require kyc). What you should do is send from exchange to your temporary wallet (still backup needed ofc) send it to a bitcoin mixer (I recommend chipmixer) then send to your paper wallet or main wallet.

seoincorporation

legendary

Activity: 2982

Merit: 2681

Top Crypto Casino

Quote from: re4mat0r on May 12, 2021, 03:15:43 PM

Hi. I want to have bitcoins on a paper wallet, but how to make it completely anonymous, how to break the link between my name on exchange and the wallet? I don't want the paper wallet to be linked to my identity in any way. Is it possible?

Thanks!

There are 2 ways to do it, the first one is by using a mixer service, their job is to mix coins to give the users untrackable outputs, which means it would be almost impossible for someone to trace your coins from the withdraw on the exchange, and chipmixer is a good option for this. The second option is to make a withdraw to a casino, and then from that casino send the coins to another casino and after that send the coins to the paper wallet, that will make it hard to track those coins because your inputs will not be involved with your outputs.

Upgrade00

legendary

Activity: 2030

Merit: 2174

Professional Community manager

You can pass the coins through a mixer or use a wallet that supports coinjoining services, this way the transaction would be untraceable to the exchange transaction.
Also, you can avoid exchanges which request KYC to further protect your privacy

Kabul

sr. member

Activity: 619

Merit: 250

You can use mixing services (most reliable are chipmixer and blender.io) to send bitcoin anonymously. By using this service, your bitcoin will be divided to multiple address, cutting all footprint from your latest transactions

Trixoempire

jr. member

Activity: 87

Merit: 1

Bitcoin mixier chipmixer is good

re4mat0r

newbie

Activity: 2

Merit: 0

Hi. I want to have bitcoins on a paper wallet, but how to make it completely anonymous, how to break the link between my name on exchange and the wallet? I don't want the paper wallet to be linked to my identity in any way. Is it possible?

Thanks!

Topic: How to transfer bitcoins anonymously? (Read 151 times)