is it necessary to mix Bitcoin that you bought from an exchange?

death69

hero member

Activity: 1204

Merit: 545

Quote from: tjtonmoy on April 17, 2023, 12:10:36 PM

The purpose of Bitcoin mixer is to ensure you privacy and anonymity. If you are transferring your coins from any CEX or DEX, you can always use new wallet every time. Just create any software wallet and send it to that. CEX won't be able to track you that way. But that could cost you more than any mixer services. Or you can use low gas fee and wait a bit long. It's totally your choice.

But if you are really concern about your privacy and can't find any other way to keep your privacy safe. Then why not. Your coins, your privacy, your choice.

to cloak or not to cloak? It's like picking between a mouth-watering chocolate cake and a humble carrot cake – both rock, but one's a wild party for your taste buds. Now, Bitcoin mixers? I've got mixed emotions, bro (wink, wink). Sure, they dish out that privacy sauce and help your transactions fly under the radar. But they're also kinda like sporting a fake 'stache – yeah, it hides your mug, but you're screaming "shady business" to the world.

So, what's a crypto-savvy dude or dudette to do? Personally, I see Bitcoin mixing as a high-stakes game of digital hide-and-seek. You might get busted, but play it smart and ninja-like, and you could dodge the spotlight and reign supreme. And yeah, I agree with you. When the chips are down, using a Bitcoin mixer is a personal call. But if you're craving that extra sprinkle of privacy with a side of adrenaline rush, it might just hit the sweet spot.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Unbunplease on April 16, 2023, 06:33:44 PM

In fact, there is not much point in mixing if you, as an end user, show your IP address or withdraw money from bitcoin or cryptocurrency sales to your card. When you go into a wallet or an exchange, you show your IP address, and it's stored on the network. So you need to think about working with cryptocurrencies, not mixing.

I think the paranoia is more than the real problem. Signing up on an exchange and sending in money there you are getting logged, you might try to avoid these by using TOR, using mixers and using more than one internet connection, whatever you will not be able to completely stay off the grid.

And I ask, what is the point if you are not dealing with something illegal? If your country forbids use of crypto just collect it through signature campaigns, dont buy it or sell and keep it in store for a hopeful future. Unless you are doing money laundering and criminal activity you dont need so many methods to keep clean.

What we rather need is a more lenient government stance to crypto, and for that we have to make people aware and allow them to use crypto more. I have this gut feeling that the use of mixers only leads to governments being skeptical about how common people are using crypto for.

pixie85

hero member

Activity: 2184

Merit: 531

I can give you some examples of when you'd want to mix your coins.

Gambling is illegal in some countries. If you won some cryptocurrency at a casino and want to sell it on a centralized exchange, and it's illegal to gamble in your country, you might want to mix it first.

There can be also a situation where you earn money from signature campaigns and don't want your real name to be linked to your forum account by the exchange employees, or the government that can demand the exchange to provide your registered name and bitcoin address.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Quote from: Flexystar on April 19, 2023, 12:09:37 PM

~Snip

Well, this mixing is only useful to those people who are moving large quantity of coins and are really concern about their privacy. If you are moving a small amount, you can always choose the alternative way with custom gas fee, which could be very low. Compare to the mixing service, that will be the best option.
Correct me if I am wrong, I don't have any strong proof on this, but I have seen this somewhere. Mixed Bitcoins are often seen as a threat to many exchanges. They think that these coins have been involved in illegal activity. So they freeze any kind of mixed bitcoin deposits. As I said, I have no strong knowledge about it. So if you know, please let me know.

Flexystar

full member

Activity: 1092

Merit: 227

Quote from: tjtonmoy on April 17, 2023, 12:10:36 PM

The purpose of Bitcoin mixer is to ensure you privacy and anonymity. If you are transferring your coins from any CEX or DEX, you can always use new wallet every time. Just create any software wallet and send it to that. CEX won't be able to track you that way. But that could cost you more than any mixer services. Or you can use low gas fee and wait a bit long. It's totally your choice.

But if you are really concern about your privacy and can't find any other way to keep your privacy safe. Then why not. Your coins, your privacy, your choice.

I think that is why we should switch to the Mixer services. You can rely on them since you get higher chances of anonymous coins which surely never used by anyone and trackless. This will always make you anonymous ensuring you can keep using that exchanger again and again all the time.

This is only helpful for the users who are hardcore traders I think and whose volume of trading is huge. This means such user can forget about the mixing fees and give more preference to the mixing.

Though there are plenty of mixers available, I would suggest you to try out one which will provide longer days of wait time. For example, 2-3 days wait time can give you hardest mixing and highest anonymity. Good for the high amount of exchanger coins.

JayTrain

full member

Activity: 1092

Merit: 105

Sugars.zone | DatingFi - Earn for Posting

It's important to consider the potential risks associated with buying and selling cryptocurrencies on decentralized exchanges. While these exchanges may provide greater privacy and anonymity, they also lack the same level of regulation and security measures as centralized exchanges. This means that there may be a higher risk of scams, hacks, and other security breaches.

Using a Bitcoin mixer to mix your bought Bitcoin before depositing them in your own wallet can add an extra layer of privacy and security, but it's not a foolproof solution. Additionally, it's always a good idea to keep your own wallet secure by using strong passwords, two-factor authentication, and other security measures.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

The purpose of Bitcoin mixer is to ensure you privacy and anonymity. If you are transferring your coins from any CEX or DEX, you can always use new wallet every time. Just create any software wallet and send it to that. CEX won't be able to track you that way. But that could cost you more than any mixer services. Or you can use low gas fee and wait a bit long. It's totally your choice.

But if you are really concern about your privacy and can't find any other way to keep your privacy safe. Then why not. Your coins, your privacy, your choice.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Oneandpure on April 14, 2023, 03:26:46 AM

I don't think its necessary for mixing Bitcoin bough from exchange market, however have been privacy when your Bitcoin purchase from exchange market without know by any one else except withdrawing to other wallet or your wallet have been public like signin BTC in Bitcointalk forum. For public figure or businessmen have linked with politician seems need to mixing their bitcoin fund due how to make it privacy and not transparent about they Bitcoin assets in their wallet.

But if have country with huge taxes better mixing your bitcoin fund and how to protect from government checking your Bitcoin assets, but if not have to pay taxes seems not requiring for mixing bitcoin assets.

Other than for privacy purposes, there might be people who are paranoid and think the Bitcoins that they bought, came from a criminal that is being tracked by the authorities. They are afraid that they will be the one who will be tracked once the Bitcoin is transferred on their possession.

This is where they use a mixer to cut the link of the transaction. I don't see anything wrong if you are a businessman and have a connection with some politicians. Why will someone suspect you if you buy a Bitcoin? Maybe yes if you are dealing with drugs or money directly from that politician and that politicians are also hot in the eyes of the authorities or the public. It's also wrong to evade taxes.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Coins that came from an address would already be mixed in a way, so IMO if you're an end user that is only doing bitcoin for stashing, it is passable. But if you're one of those in the extremes that wanted to really make sure that the coins are untraceable to you, you will use a mixing service to sever any links and traces to you. Exchanges can still say that those coins they got out of their hot wallet belongs to you, although proving it through chain links and analysis would be hars if a mixing service is used to obscure everything that leads to you.

Unbunplease

legendary

Activity: 1806

Merit: 1161

In fact, there is not much point in mixing if you, as an end user, show your IP address or withdraw money from bitcoin or cryptocurrency sales to your card. When you go into a wallet or an exchange, you show your IP address, and it's stored on the network. So you need to think about working with cryptocurrencies, not mixing.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Bushdark on April 14, 2023, 12:33:51 PM

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

I don't see any reason why u have to use a Bitcoin mixer to mix the Bitcoin bought from an exchange. Although it all depends on why I bought the Bitcoin and my intentions. Some persons may buy Bitcoin to keep it for long and they may decide to mix it to make sure that no one has idea how much Bitcoin they have in there portfolio. Some investors may decide to accumulate large numbers of Bitcoin and they don't have anyone to have idea on the wallet they are storing them.

Maybe for AMLA reason for government not to trace out each transaction he made. Aside from that I also don't see any reason why do mixing since bitcoin bought on exchange is safe especially when we buy it using our own money. But its still his decision or preference to use mixers and nothing really wrong with this if he want to be more secure and untraceable to the eyes of people who want to search each transaction he do.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

First, how many decentralized exchanges offer bitcoin trading, by this, I mean real bitcoin and not the wrapped version?
If we check, we gonna discover that they are few, and it's mostly those that have crosschain capabilities that offer buying selling of real bitcoin, the rest of the decentralized exchanges offer buying and selling of wrapped version of bitcoin..

Personally, I've never used a mixer bitcoin, and I've never seen the need to, and I doubt if there will ever be a need for me to use it In the future, but then, if I have a strong need for it, that is, if a situation warrants that it is very important to move my bitcoin through a mixer, then why not, I would gladly use it.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

If you're concern that someone may know your identity even if you bought it on an exchange then it's fine but if you just sent it on your own wallet that's known publicly then there's no reason to use any mixer, you better use a new one. If you're not someone targeted by AML authorities you don't have to worry about your funds tbh, exchanges wouldn't care on what source you get it.

Bushdark

sr. member

Activity: 1008

Merit: 262

Vave.com - Crypto Casino

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

I don't see any reason why u have to use a Bitcoin mixer to mix the Bitcoin bought from an exchange. Although it all depends on why I bought the Bitcoin and my intentions. Some persons may buy Bitcoin to keep it for long and they may decide to mix it to make sure that no one has idea how much Bitcoin they have in there portfolio. Some investors may decide to accumulate large numbers of Bitcoin and they don't have anyone to have idea on the wallet they are storing them.

Quote

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

I don't see any risk attached to mixing your Bitcoin. The major reason why people mix is for privacy. It is just that many hackers and scammers had hijacked the sole reason why people decide to mix their coins.

Oneandpure

sr. member

Activity: 2100

Merit: 309

I don't think its necessary for mixing Bitcoin bough from exchange market, however have been privacy when your Bitcoin purchase from exchange market without know by any one else except withdrawing to other wallet or your wallet have been public like signin BTC in Bitcointalk forum. For public figure or businessmen have linked with politician seems need to mixing their bitcoin fund due how to make it privacy and not transparent about they Bitcoin assets in their wallet.

But if have country with huge taxes better mixing your bitcoin fund and how to protect from government checking your Bitcoin assets, but if not have to pay taxes seems not requiring for mixing bitcoin assets.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

I do not think so especially if you are not so concerned with your privacy in terms of your transactions.

Generally, people mix their BTCs when they transact huge amounts from one wallet to another to avoid getting flagged by a current exchange. Sometimes, exchanges question the amount of BTCs you receive but if you are transacting relatively small amounts, I do not think that applying for a mixer is the best course of action.

Though that may be the case, for maximum privacy, a mixer is still recommended but not always.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: TheUltraElite on April 13, 2023, 12:02:26 PM

I think its a personal choice. In some countries you might need to be more tactful when dealing with local laws and there keeping your privacy intact might need the help of a mixer and therefore you should use it. But I think the lack of trust and the pseudoanonymity of bitcoin has led to a sort of paranoia among the users of this asset and thus the influx of mixers and all, how far actually help you in doubtful since their logs do get leaked to authorities when they get hacked.

So necessity, I dont think so. But to calm that inner voice of getting in trouble because of using bitcoin, yes.

Yes, this is situational on which there are really places on the world on which laws and regulations is somewhat strict compared to other place which its citizens doesnt really have no choice but to deal and comply on

whats been asked.For them to be able to avoid such condition then they would definitely be finding ways for them to avoid on what should be avoided.If you do need on mixing up your coins if its been
bought on an exchange then you could really have lots of options for you to choose from.

But actually having that single transactions on exchanges does already mixed up coins or something that couldnt be traced up.

death69

hero member

Activity: 1204

Merit: 545

Ah, privacy - the crypto buff's grand aspiration. But with decentralized exchanges, even foolproof strategies can falter. Voilà: Bitcoin mixers.
I won't assert mixers are vital. But let's be real - at times we desire that supplementary safety net. It's like masking at the grocery store - you could forgo it, but why flirt with danger?

Discussing risks, Bitcoin trading is akin to poker featuring a wildcard. Erratic? Totally. Exhilarating? Darn straight!

You could land a flop, but that's the crypto adventure. Luck on your side? Take the leap! Just don't forget: diligence and a keen eye are essential.

Ultimately, to mixer or not to mixer is your call. As for this guy, I'll snag all the privacy I can. Who's to predict the shenanigans I'd stir up otherwise?

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

I think its a personal choice. In some countries you might need to be more tactful when dealing with local laws and there keeping your privacy intact might need the help of a mixer and therefore you should use it. But I think the lack of trust and the pseudoanonymity of bitcoin has led to a sort of paranoia among the users of this asset and thus the influx of mixers and all, how far actually help you is doubtful since their logs do get leaked to authorities when they get hacked.

So necessity, I dont think so. But to calm that inner voice of getting in trouble because of using bitcoin, yes.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

I highly advice against it if there is nothing you want to hide. I mean normally it would be fine to hide it if you want to hide it, that's fine, but if you do not want to hide it then I would advice against it.

Because there are some mixers which are against the rules of some exchanges, you need to know the best mixers and they are so rare, but when you are mixing in a good place that means you should be fine and you could end up depositing to exchanges. Binance is the biggest one and banned some mixers, which means if you mix then you can't send money directly there by mixing, or withdraw directly to mixer. Those type of added risks are not type of things you should do in the crypto world since you may not get it back ever again.

BitDane

sr. member

Activity: 1372

Merit: 348

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

If you really like anonymity, then mixing Bitcoin from exchange to your wallet will increase the privacy of your receiving wallet. Remember centralized exchanges record the outgoing funds, and the receiving wallet will have a link to your account on the exchange.

Quote from: tbct_mt2 on April 10, 2023, 10:02:03 PM

Quote from: carlfebz2 on April 10, 2023, 06:24:19 PM

always make use of those various ways on mixing up your coins on deleting or erasing up your trails but we know that it is already that hard to trace up when you do
make out transactions in between wallet to wallet or from exchange into your personal wallet or vice versa.

Withdraw your coins from exchanges, move it to another wallet of yourself or move it to another exchange then to another wallet of yours is good enough.

Or move bitcoin to an exchange, trade it to Monero, withdraw Monero and move Monero to another exchange to sell it to bitcoin. Withdraw it again. You don't need to use Mixers if you are ready to do some steps by yourself.

Isn't the identity of the address linked to verified account in centralized exchange traceable? Withdrawing to an address then sending it to another address isn't different from centralized exchange to own address except if mixer is use in between.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Smartvirus on April 11, 2023, 03:18:24 PM

It is the job of mixers to make the chain links go away, ensure privacy without traces and when that is of importance, you just might have to use the services of mixers, just like the one am wearing on my signature.

Exchanges don't make them traces go away, most of them jobs is provide you with p2p services with them serving as escrows while and that means, some user has still hot to send you coins from where ever they've stored them, either from there wallets or the coins they've got on the exchange. This comes with a link, a link that you might not want and when you happen to be in a region that aren't crypto friendly, looking into your transactions might be something not far behind.

Just some mentioning above that you wont really be needing mixers on this process or case on which if you are really that tending to mix up coins then simply exchanging or withdrawing into exchangers and
passing up to another one would do the job because we know that deposit addresses and withdrawals are resulting on having that multi addresses once you do pull out some funds into these platforms
on which it would really be that hard to trace up on the time that you would trying to trace up and follow a certain user or address when it comes into its transactions.
There's no indeed need for some mixer because you would be able to cover up your traces with just these simple steps but of course it would be a couple of action.

Smartvirus

legendary

Activity: 1554

Merit: 1139

It is the job of mixers to make the chain links go away, ensure privacy without traces and when that is of importance, you just might have to use the services of mixers, just like the one am wearing on my signature.

Exchanges don't make them traces go away, most of them jobs is provide you with p2p services with them serving as escrows while and that means, some user has still hot to send you coins from where ever they've stored them, either from there wallets or the coins they've got on the exchange. This comes with a link, a link that you might not want and when you happen to be in a region that aren't crypto friendly, looking into your transactions might be something not far behind.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: AmoreJaz on April 10, 2023, 06:35:23 PM

Quote from: jossiel on April 10, 2023, 02:41:34 PM

It's all on you.

Though you're not compelled to do that but if you think that your privacy is compromised and you want to gain more privacy then do it.

It is more worrying to send bitcoins from a mixer to an exchange but since it's the other way around, there's really no problem at all if that suffices your mind and thought.

that is true. if that will give him peace of mind and you can afford additional fees and can wait, you can very well go to this route. otherwise, ask yourself, to what extent of privacy you are looking for? and what are the reasons why you want to preserve your privacy?
as the OP is seeing that his privacy is compromise owed to the fact that addresses coming from the exchange can be trace, then, do what you think is necessary.

I think we all have common reasons why we want privacy and it's understandable why he thinks he needed to ask this question.

So that's it, if he wants to have some added layer of privacy then just do it. There are a lot of mixers currently that we've seen launching their services after CMs crack down.

And most of these mixers aren't saving the logs, or are they really? Grin

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

Being necessary is a strong word as whether someone wants to do this or not is completely up to them, but personally I would not recommend to use a mixer if you are going to frequently use exchanges, this is because each time you use them then those coins will be associated to your identity and you will have to mix them each time, also the coins you will receive will most likely be tainted and exchanges will not accept them, so while you gain privacy by mixing your coins you also lose the ability to use centralized services, and this can be a huge burden to overcome for most people.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: carlfebz2 on April 10, 2023, 06:24:19 PM

always make use of those various ways on mixing up your coins on deleting or erasing up your trails but we know that it is already that hard to trace up when you do
make out transactions in between wallet to wallet or from exchange into your personal wallet or vice versa.

Withdraw your coins from exchanges, move it to another wallet of yourself or move it to another exchange then to another wallet of yours is good enough.

Or move bitcoin to an exchange, trade it to Monero, withdraw Monero and move Monero to another exchange to sell it to bitcoin. Withdraw it again. You don't need to use Mixers if you are ready to do some steps by yourself.

https://kycnot.me/

If you are lazy, use mixers is good enough and more convenient.

Quote from: |MINER| on April 09, 2023, 05:47:49 PM

I think it depends vary from person to person . What kind of security he needs depends on whether he's going to be using a mixer because if it's not that important I think mixing is a waste of money.

Using mixer does not increase your security but privacy and anonymity.

Quote from: GreatArkansas on April 09, 2023, 08:49:47 PM

Make sense, if they just deposit the Bitcoin to another exchange, I don't think a Bitcoin mixer is still needed here. I believe it will different for every different goal of the person. If they are sensitive about privacy, for sure they will do such things as this.
And there are also some Bitcoin mixers are not to be trusted because maybe instead you will become safe, your funds will indeed be frozen or get scammed or being linked to other Bitcoins that is identified as fraud.

Exchanges do batch transactions in outputs for user withdrawal requests. They are like a mixer for users already and they are used by some people to do money laundering too. Same for money laundering on cryptocurrency gambling sites. If you simply make deposit then withdraw your coins on exchanges or gambling sites, it can be one of factors for them to investigate your accounts for potential money laundering.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: jossiel on April 10, 2023, 02:41:34 PM

It's all on you.

Though you're not compelled to do that but if you think that your privacy is compromised and you want to gain more privacy then do it.

It is more worrying to send bitcoins from a mixer to an exchange but since it's the other way around, there's really no problem at all if that suffices your mind and thought.

that is true. if that will give him peace of mind and you can afford additional fees and can wait, you can very well go to this route. otherwise, ask yourself, to what extent of privacy you are looking for? and what are the reasons why you want to preserve your privacy?
as the OP is seeing that his privacy is compromise owed to the fact that addresses coming from the exchange can be trace, then, do what you think is necessary.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Unbunplease on April 10, 2023, 04:56:19 PM

Modern software allows you to track almost all bitcoin movements, so mixing is a completely temporary solution. In addition, you should keep in mind the need to change your location when dealing with wallets, as you can easily be tracked due to your IP address. There will still be a breach somewhere.

If you are that mindful about IP addresses then it wont really be that much a problem specially here on our country which it does really give out that dynamic address which IP addresses could really changed up
on the time that you would really be restarting out your modem.Therefore, im not really that much in concern when it comes to this about total anonymity but if you arent that much confident then you could
always make use of those various ways on mixing up your coins on deleting or erasing up your trails but we know that it is already that hard to trace up when you do
make out transactions in between wallet to wallet or from exchange into your personal wallet or vice versa.

Unbunplease

legendary

Activity: 1806

Merit: 1161

Modern software allows you to track almost all bitcoin movements, so mixing is a completely temporary solution. In addition, you should keep in mind the need to change your location when dealing with wallets, as you can easily be tracked due to your IP address. There will still be a breach somewhere.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

If you don't want the exchange to know your primary wallet address then its obvious that mixing coins before depositing to your wallet may works but ironically since you're talking about the centralized exchange they are already having your KYC documents so anonymity and privacy voids at that moment itself.

Mixing service can give you privacy to certain extent but remember bitcoin is not completely anonymous so if your preference is anonymous over anything then choosing truly anonymous like monero or Grin is better choice.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Bitcoin Mixings' primary concern is a privacy protection and I will recommend mixing your Bitcoins brought from the exchanges because the bitcoins bought from the exchanges are in the track of the centralized exchanges and these exchanges already own your personal information when you've done KYC for using them. So the conclusion is if you really want to be an anonymous and privacy seeker then MIX your Bitcoin using some reputed mixers it will greatly increase your privacy protection. You can consider Mixero as well and others too.

If the case is that only you are a regular user and you don't care about the transaction data to be tracked and you are just using crypto as day-to-day usage and some light working, then Mixing is not necessary but I will recommend mixing if you are in the profession of crypto because law enforcement agencies are cracking down the Crypto related transaction, especially in the Western World.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

It's all on you.

Though you're not compelled to do that but if you think that your privacy is compromised and you want to gain more privacy then do it.

It is more worrying to send bitcoins from a mixer to an exchange but since it's the other way around, there's really no problem at all if that suffices your mind and thought.

Nrcewker

copper member

Activity: 2268

Merit: 539

LuckyDiamond.io - FLAT 50% Deposit Bonus!

Actually mixing completely depends on you. If the funds are really big and you don’t want to leave back any traces then mixing will be a good idea. But if the amount is small, then I personally do not suggest you to mix the coins. As the mixing fees will be comparatively higher and nothing great will go to your wallet. Moreover mixing is highly recommended when the coins are very sensitively bought, and many times people don’t want any headache at the later point of time, so they mix the coins to be completely anonymous. At the end of the day, it’s completely your choice, what you want to do.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: |MINER| on April 09, 2023, 05:47:49 PM

I think it depends vary from person to person . What kind of security he needs depends on whether he's going to be using a mixer because if it's not that important I think mixing is a waste of money. (....)

Make sense, if they just deposit the Bitcoin to another exchange, I don't think a Bitcoin mixer is still needed here. I believe it will different for every different goal of the person. If they are sensitive about privacy, for sure they will do such things as this.
And there are also some Bitcoin mixers are not to be trusted because maybe instead you will become safe, your funds will indeed be frozen or get scammed or being linked to other Bitcoins that is identified as fraud.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

Using a Bitcoin mixer is a better option for enhancing your anonymity, as these mixers work the best to make your coins unique in this regard. Trusting exchanges blindly can be perilous, as you are uncertain about the Bitcoins they provided you. The decision is yours whether to retain the coins as they were received from the exchange, which entails low privacy, or employ a mixer for high privacy.

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

I think it depends vary from person to person . What kind of security he needs depends on whether he's going to be using a mixer because if it's not that important I think mixing is a waste of money. Moreover, who uses the centralized exchange, why should he use the bitcoin mixer because he has already given his data to the exchanger through KYC verification. Still, if someone needs to mix then I will not mention any obstacle here but since when funds are withdrawn from the centralized exchange, the exchange's hot wallet is shown as the withdrawal address, so I don't think mixing is needed here.

Ojima-ojo

hero member

Activity: 910

Merit: 507

Quote from: rat03gopoh on April 08, 2023, 04:11:48 AM

I don't feel the need for it for my situation, all the bitcoins I own will be tied to my local exchange eventually, while they can issue any "suspect" bitcoins from the mixer process at any time. I haven't tried any other fiat withdrawal solutions that are faster than local exchanges, so I have no choice at this point.

Your situation is not different from that of most users in the industry because every of our cryptocurrency transactions is eventually tied to our bank account and if you don't have any criminal charges against you there will be nothing to be scared of even though our local exchange involves a lot of risks since you may not know the user at the other end and what there have been involving in, I believe the best practice is to use a cryptocurrency-friendly bank for your crypto transaction if you are from a region where Bitcoin or any other cryptocurrency are not legal tenders.

The risk of getting an account flagged is higher when you are dealing with direct back to cryptocurrency exchange, but of you use a p2p service, one will be a bit safer since the p2p user already knows and have knowledge on cryptocurrency transaction and if there is any governments restrictions there will also be guided not to implicates the other party or their own accounts.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: Jawhead999 on April 08, 2023, 04:52:20 AM

If you bought the coins from a centralized exchange, it's really stupid if you mix your coins because the exchanges already know who are you and they will restrict your account until you answered several questions about the coins you have mixed.

Is there any documented case of this? I've never heard of exchange freezing accounts because someone uses mixers to send money from the wallet they own. If you use a mixer or tainted coins to deposit, then this one is common. As far as I know, most exchanges are only concerned about incoming deposits since they need to practice KYC/AML or whatever regulations they need to obey (or use). Even if their users are funding hackers, they are free from legal obligations as long as they don't accept transactions related to those services.

Ziskinberg

hero member

Activity: 3010

Merit: 666

It was not necessary but if we care about our privacy, then have to do it. Fees don't matter anyway as long as we are paying for our welfare especially if we are buying a huge amount of Bitcoin as it better anticipates the possible interest of these hackers and makes our wallet untraceable by them.
We know these people are just roaming around and targetting whale's wallets, so it was best to keep our address out of their site as we are not even sure that some exchanges have also participated in this kind of game.

Jawhead999

legendary

Activity: 1834

Merit: 1208

If you bought the coins from a centralized exchange, it's really stupid if you mix your coins because the exchanges already know who are you and they will restrict your account until you answered several questions about the coins you have mixed.

If you bought the coins from a decentralized exchange or no KYC P2P sites, it's really depends on your choice. If you want to achieve a good privacy, obviously you need to mix your coins. But you need to find a way how to cash out your coins without link it with a centralized exchange.

karmamiu

sr. member

Activity: 588

Merit: 351

Quote from: Ojima-ojo on April 07, 2023, 05:09:58 PM

Quote from: NeuroticFish on April 07, 2023, 01:40:23 PM

A proper decentralized exchange doesn't need your ID. Of course, since you had to send fiat in a way or another ... somebody might have enough info to link the coins to your identity.
In most cases it's not a big issue, but the rule is that if you are concerned about privacy issues, whenever you're in doubt, better mix.

My statements may look a bit biased, but I think that you'll see the truth in them.

I don't see anything biased in your statement and as a matter of truth, you nailed the entire point because I have high doubt on the privacy of my identity since I make deposit with fiat into the exchange even though it decentralized per say but then their is no 100% privacy any more since I interface with the bank, and I am concern about the destination from which I get the Bitcoin I am buying on the exchange.

That have raise my doubt about my privacy, and with what you stated above the best way to quench my doubt is by mixing the coins and have it transferred to a cold wallet for long term storage.

That is a pretty good strategy coz mostly banks and custodial wallets offered by localities are sometimes asking you for your personal information, so in the end your privacy is still compromised. But that's only if you have a cold storage since for me, I didn't own one so I guess my personal info is still compromised even if I use mixers and there is a huge tendency that my account will be traced immediately doing something crazy like pretending to be anonymous or they will suspect my account doing illegal activities outside the platform.

rat03gopoh

hero member

Activity: 2212

Merit: 670

Signature designer - start @$10 - PM me!

I don't feel the need for it for my situation, all the bitcoins I own will be tied to my local exchange eventually, while they can issue any "suspect" bitcoins from the mixer process at any time. I haven't tried any other fiat withdrawal solutions that are faster than local exchanges, so I have no choice at this point.

Bananington

sr. member

Activity: 1470

Merit: 428

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

Use a bitcoin mixer when you want to ensure extra privacy and security.

If you are conscious of your security and privacy and do not see the exchange you use as hack proof, that is the exchange can be hacked, then mixing your bitcoins is a good choice to avoid any situation that the actual amount of bitcoins you have be known or traced as well as your transaction history too by hackers since they have access to the Blockchain.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Ojima-ojo on April 07, 2023, 05:09:58 PM

I don't see anything biased in your statement and as a matter of truth, you nailed the entire point

While I do know that I'm right (heh

), let's be honest: we both wear advertising for mixers and this means that for anybody looking at this we may be considered biased, no matter how correct are our statements and how valid are our points. That's why I preferred to just say it.

Quote from: Ojima-ojo on April 08, 2023, 12:52:22 AM

What triggers my question here is because of an incident that happen to someone around my place some time ago, he traded some bitcoin with an unknown scammer on a decentralized exchange got the bitcoin converted into fiat and transferred it to his bank account.

But a few days later his bank account was flagged by the authority and he was ultimately arrested and upon investigation that was when they discovered that the Bitcoin he bought from the exchange in a tented Bitcoin and the proceeds of a scam that have been under investigation.

Now the young trader who is also an undergraduate is forced to face punishment for unknowingly trading with a scammer, we have many of such incidents in the p2p marketplace, so to be at a safe side, one will need to be extra careful by mixing the coins to avoid possible trace and link to your bank account.

Sad story. I think that one safe approach is to use a completely different bank's services when doing crypto. And it's best if that bank is crypto friendly and has a bit of knowledge on the matter.
I guess that the arresting part is overkill and they don't have anything real for pressing charges, still unpleasant.
On the other hand there are services that don't like mixed coins, which one will have to learn to avoid if he has mixed money (or, actually, even if he didn't mix; those services do deserve a boycott).

Ojima-ojo

hero member

Activity: 910

Merit: 507

Quote from: teosanru on April 07, 2023, 03:06:33 PM

I don't really think there is any such necessity. I think the coins exchanged on such exchanges itself get sort of mixed so you don't need to do that much of mixing here. The problem is what if the exchange supplies information to the authorities but on the same side if you see even mixers can provide the info to the authorities we even recently saw chipmixer being stalled by Interpol so obviously there is nothing like absolutely anonymous Cryptocurrency these days.

What triggers my question here is because of an incident that happen to someone around my place some time ago, he traded some bitcoin with an unknown scammer on a decentralized exchange got the bitcoin converted into fiat and transferred it to his bank account.

But a few days later his bank account was flagged by the authority and he was ultimately arrested and upon investigation that was when they discovered that the Bitcoin he bought from the exchange in a tented Bitcoin and the proceeds of a scam that have been under investigation.

Now the young trader who is also an undergraduate is forced to face punishment for unknowingly trading with a scammer, we have many of such incidents in the p2p marketplace, so to be at a safe side, one will need to be extra careful by mixing the coins to avoid possible trace and link to your bank account.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

Depends on the exchange. If it is a known scam exchange, then you might want to do that however... what are you gonna do for your mixed coins? I mean the coins coming from a mixer are also problematic because you don't know if you are getting somebody else's dirty coins.

In my opinion, unless you are one of those people who are into shady shit, you don't need to use mixers at all.

The fact is, if you are using mixers just for the privacy reasons and that's how mixers promote their business btw, providing privacy, you are just getting fooled because they are using your "clean" coins so they can white wash the other "dirty" coins.

So, a person like you, who is just picky about his privacy, feeding the mixer with his clean coins is only scamming himself. You can't even be sure if these mixers aren't logging your info even though they say they don't. They very well may be honeypots for the secret service. I would stay away from any crypto mixer.

irhact

hero member

Activity: 616

Merit: 749

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Just to be on the safe zone, it'll be a good practice to use a mixer when you buy bitcoins from a decentralized P2P exchanges. Some scammers can be using those platforms to sell stolen or hacked wallet coins and when they're trace to your wallet, you could be charged with a crime you didn't commit for been associated with an address that was used for crime. There's nothing wrong with mixing your coins just to be extra cautious.

The mixers has to be decentralized too as using a centralized mixer wouldn't be safe, Also lets say you bought Bitcoin from a centralized exchange or you got sent Bitcoin from a centralized exchange, you should mix them to increase your privacy as well. Privacy is one of the most important things when investing in Bitcoin.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

So far I have never used the Bitcoin mixers service, if the reason for using Mixers by the people who use it is privacy, then is it so important for us to maintain privacy while the Bitcoin results we have are from exchange, not from other activities that may be in our respective countries are prohibited activities such as gambling which indeed there are countries that prohibit these activities. and if privacy is meant to protect our Bitcoin network flow so that it is not tracked by hackers so that it is safe from being hacked, I think it is enough to take good care of our wallet because hackers can only hack wallets whose private keys are exported online, such as storing them in email or online storage. If your Bitcoin from the exchange is small, would you like to see the amount reduced by using mixers for paying transaction fees, if you have a lot of Bitcoin, then it's not a problem.

Ryker1

sr. member

Activity: 1932

Merit: 442

Eloncoin.org - Mars, here we come!

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

^[snip]
Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

If you care about your privacy --then it is yes.
Because there is a chance that you may link to a scammer's bitcoin address and link to your personal hardware wallet for example.
Bitcoin mixing services will enhance your privacy and this can make it more difficult for others to trace the movement of your bitcoin where is the final destination from where you bought it.

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

^[snip]
What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

There is no risk if you stay on a decentralized exchange or any platform.
But whether we like it or not, sometimes CEX is useful for quickly converting our bitcoin into fiat and it could be risky to your side if you will mix them up. But if you are going to ask me, I am willing to pay a small amount to use mixing service just to have these four important storing bitcoin, ^{[Privacy, Security, Anonymity, and Traceability]}

Ojima-ojo

hero member

Activity: 910

Merit: 507

Quote from: NeuroticFish on April 07, 2023, 01:40:23 PM

A proper decentralized exchange doesn't need your ID. Of course, since you had to send fiat in a way or another ... somebody might have enough info to link the coins to your identity.
In most cases it's not a big issue, but the rule is that if you are concerned about privacy issues, whenever you're in doubt, better mix.

My statements may look a bit biased, but I think that you'll see the truth in them.

I don't see anything biased in your statement and as a matter of truth, you nailed the entire point because I have high doubt on the privacy of my identity since I make deposit with fiat into the exchange even though it decentralized per say but then their is no 100% privacy any more since I interface with the bank, and I am concern about the destination from which I get the Bitcoin I am buying on the exchange.

That have raise my doubt about my privacy, and with what you stated above the best way to quench my doubt is by mixing the coins and have it transferred to a cold wallet for long term storage.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

I don't really think there is any such necessity. I think the coins exchanged on such exchanges itself get sort of mixed so you don't need to do that much of mixing here. The problem is what if the exchange supplies information to the authorities but on the same side if you see even mixers can provide the info to the authorities we even recently saw chipmixer being stalled by the interpol so obviously there is nothing like absolutely anonymous Cryptocurrency these days.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: Maus0728 on April 07, 2023, 11:22:10 AM

Also, I don't think exchanges would easily freeze your account if you accidentally exchange tainted coins from their exchange, if that's what you mean by "risks.".

I am not sure for decentralized exchanges but there are centralized exchanges that do not allow mixed bitcoins. They don’t allow them to either or leave.

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

The sole purpose of bitcoin is for privacy and anonymity so once you are skeptical about a particular coins sent to you then it is best advised to use mixers. I would also recommend mixing those coins because even if the exchange is decentralized there is no way of guaranteeing the source of the bitcoin

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

If you are willing to pay the fee, you can use a bitcoin mixer before depositing it in your wallet. But maybe you can also save the funds in a new wallet specifically for storing funds from the exchange. This will depend on your convenience because some merchants don't use a bitcoin mixer to mix the bitcoins they buy from an exchange and send them directly to another wallet.

But some feel they need to hide their wallet address and use a bitcoin mixer. Maybe it would be safer, according to them. I do not use these methods but directly send it to a new wallet.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Ojima-ojo on April 07, 2023, 10:44:53 AM

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

A proper decentralized exchange doesn't need your ID. Of course, since you had to send fiat in a way or another ... somebody might have enough info to link the coins to your identity.
In most cases it's not a big issue, but the rule is that if you are concerned about privacy issues, whenever you're in doubt, better mix.

My statements may look a bit biased, but I think that you'll see the truth in them.

so98nn

hero member

Activity: 2114

Merit: 603

That depends on many things like whether you want freshly baked coins or you just want to have whatever coins that you posses. There are only few possibility that you will be getting bitcoins which were previously used in criminal activities or some money laundering stuff. I mean that’s the only reason sometimes peeps are stressing a lot on mixers. The more time give to mixer the more freshly minted coins you will have. Now you decide whether you want those bitcoins fresh for the future storage or just want to assume they might be all fine as it is.

Beparanf

hero member

Activity: 2954

Merit: 796

You shouldn’t use CEX to begin with if your goal is an optimum privacy for your asset. There’s already a lot of decentralized P2P exchange that will make your crypto more anonymous than buying on exchange to save fee for mixing your Bitcoin.

But the obvious answer on your question is mixing the Bitcoin because this is the only way to become anonymous. I’m always mixing my coins for the sole purpose of removing the gambling activities track on my Bitcoin before I will put on CEX for cashout to fiat.

Maus0728

legendary

Activity: 1904

Merit: 1563

It depends on your preferences!

Bitcoin is a public ledger, and if having privacy is important to you, then using a mixer is a no-brainer. In fact, "privacy" is your right, and it's no one's goddamn business to snitch on what an individual is doing with their bitcoin.

Also, I don't think exchanges would easily freeze your account if you accidentally exchange tainted coins from their exchange, if that's what you mean by "risks.".

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

If you think you do not have privacy or after you exchange the bitcoin that your privacy is a little bit compromised, I will advice you to mix the coin.

Another reason is that you can be thinking that the coin is tainted, you may want to use a mixer to mix it. There is nothing bad about that.

Ojima-ojo

hero member

Activity: 910

Merit: 507

In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?

Topic: is it necessary to mix Bitcoin that you bought from an exchange? (Read 433 times)