Topic: Is it true that if you bounce bitcoin back and forth to different wallets (Read 328 times)

Even mixing services cannot always guarantee 100% anonymity, let alone bouncing your Bitcoin from one wallet to another. It might make it a little more complicated and time-consuming, but eventually your transaction will be tracked back to the original address. Mixers also depend on how much fee you're charged and the transaction amount, which is why mixers often recommend withdrawing fungible amounts, such as 0.01, 0.10 BTC, and so on, instead of 0.1523 BTC, because there won't be an abundance of transactions with such a specific amount.

Others suggested P2P exchanges or the decentralized exchange Bisq, but they aren't as convenient as centralized ones. Generally, Bitcoin isn't the ideal coin for anonymity; there are others, such as Dash or Monero.

Please note that you can choose to terminate the transaction, but all the details will still be visible on the blockchain. The transaction history cannot be erased. For instance, if you sent me 1 BTC, I can send it back to you from a different address to one of your multiple addresses. This way, the transaction is separated from you, making it difficult for others to identify the coins as yours, except for me. However, even with this method, complete anonymity cannot be guaranteed. Mixing services operate on a similar principle, ensuring that recipients of the coins remain unknown.

Picture this my friend. I have a ball named bitcoin that I wanted to hide from a cop that thinks I stole it (spoiler alert: I didn’t). Now I have this trusted friend we should call “wallet 2” where I could entrust the ball with for the meantime as I try to evade the law. With enough leads and evidences, there’s no doubt that the bitcoin ball will be traced back to wallet 2, and from there, I’m toast, the bitcoin’s gone, my identity’s blown, and people now see me as a ball thief in the neighborhood.

Now picture the same scenario, but instead of having only one friend to entrust the bitcoin ball with, I have 18 other friends correspondingly named wallets 3-18 which will pass the ball around in random to confuse investigators and the cops. They’d still suspect that I’m accomplices with the other 18 people in my friend circle, but there’s sure as shit no chance that they’d find the ball.

The principle applies to bitcoin too, merely passing the ball around doesn’t change the fact that the bitcoin cane from you, so with enough dedication and time for research any guy could trace bitcoins back to its original owner, but at the same time this doesn’t necessarily equate to them being able to find where the bitcoin is at the moment.

Only the part of your coins that turns into the transaction fee for every of your movement transactions gets kind of anonymized because it gets distributed to the miner of the block in which your transactions are confirmed. After a maturity period of 100 blocks the block subsidy (transaction fees are part of it) is spendable and enters into circulation.

Of course, you don't have a part anymore on the transaction fees that you have to pay for your transactions. So, as others have said already, it doesn't work as you said.

This is an old speculation, and I rather happy to say that this is something I've tried in the past, and like several other users here have said, it's a myth and does not work.

The bitcoin blockchain Explorer is very transparent and there is absolutely no way your coins will just disappear simply because you sent them to different wallets back and forth, except on the account that you employ the services of a mixer, even at this, there are still transaction history visible On your wallet address, but it's just hard to tell exactly where you sent or receive your bitcoins from.

Nope, It can be track if you even if you do this million times since every transaction is recorded on blockchain. Chain analysis is very powerful these days that can track a certain Bitcoin especially if the transfer has no discontinuity and just normal transfer of funds from different wallet.

Use mixer and your worries about anonymity will be solved since mixer use different wallet that is not connected to the source wallet of your funds. One of the best mixer to do this stuff is [banned mixer] because it has low mixing fee and guaranteed anonymity of mix since 2019.

I don't understand what you are talking about. What devices? Can you elaborate on that a bit?

There are blockchain explorers and experts who who have knowledge and expertise in tracing transactions and identify patterns or connections on the blockchain, but I have never heard or read that there are any specific physical "devices" that could be used to trace transactions. Maybe you just used the wrong word?

OP, I do not see this as realistic, bitcoin can be tracked down to anywhere it is being transacted. It is even more easier to trace when you transact direct from a personal wallet. Although it is a bit sketchy from exchanges because it all goes into one wallet and would need a well sophisticated device to do the tracing which is why you see that even hacked exchanges could easily trace their coin to seeing where it was transferred to and as well knowing the account or wallet holder who transacted with such wallets.

Irrespective of how bitcoin is moved around the chain, there are devices that could be used to trace transactions and i believe these are the device the government agencies uses to track bitcoin movement so as to apprehend wallets owners.

No matter how many times you send bitcoins or any other coin from place to another place it most be traceable, unless that the person or team who is tracing the transaction is not ready to trace the coin from one place to another place, another aspect I may think that a coin get their position it will be difficult to trace the coin is when you send the coin to mixer. I don't know if I'm correct, please if it's wrong I will like to need more explanation

I think It can. With mixers available, it would be possible to do so, because if you send the coin to a mixer, I'm not sure if anybody could be able to detect the particular Bitcoin mixer you sent the coin to, and when you get the output, it's just also to another wallet, which makes it quite different from the formal wallet or impossible to trace, unless the mixer decides to form an alliance with the investigation team, which is going to spoil their mixing business if they do so. I just heard, according to what one user here said, that if you send a mixed coin to a CEX, it can be noticed or treated as tainted. I really don't know how true that is, but I know that once you have mixed your coin from your individual wallet, once you get the output from the mixer to another wallet, it cannot be traced back to that previous wallet.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

The concept of 'bouncing' Bitcoin for privacy is intriguing but not fail-proof. Bitcoin moves are on a public stage for all to see. No matter the ricochets, the breadcrumbs are always there for the determined. Yes, the tracing becomes a mind-bender with multiple moves, but it doesn't erase the digital footprints. Too many moves might ring alarm bells to those keeping a hawk-eye on the blockchain. As for 'tainted' Bitcoin, believe me, playing hot potato with it won't wash off the stain. Whoever is on the hunt, if they've got the grit, they can always track the path back home.

Many people would probably recommend a mixer for your privacy - but that's no guarantee that your privacy will be maintained in the future. If you want to take good care of your privacy - then use a decentralized exchange like Bisq or others. Another suggestion is to use a different wallet when you receive payments - it will also protect your privacy.

For now - I think you should read these tips to protect your privacy. It may not always be reliable - but you also need to do a lot of other things that support your privacy.

• Protect your privacy
  

As another user said, not true.

Not entirely true, anyway. There are factors like which node is being used to broadcast the transaction, and other network related factors which debunk that this strategy in any way helps your anonymity.

However, what it does do (if you do it with more sophistication than just moving it between your own wallet) is that it can potentially increase the ambiguity of whether or not the coins are still yours, or if they are now someone else's.

We are aiming to add a Cybersecurity & Privacy board to the forum, where we can discuss topics like this from the perspective of privacy. If that interests you, support the poll and write why you want the board added

No, you can still be traced since the connection between wallet hop is not disrupted, unless you mixed your coins using mixing service.  Since the process in mixing service is that the BTC send to your address came from another address and not the one that you use to send your Bitcoin. 

It does not seem logical to me to be changing our assets from one wallet to another all the time, in fact it could be counterproductive instead of beneficial, as many comment, this action will decrease anonymity, instead of increasing it. And not only that, this in turn would draw the attention of hackers who are looking for other people's money, it must be borne in mind that these malware are aware of any wrong move to seize whatever little or much a person has, so that by making so many transfers it could increase security errors, such as verifying the address of the wallet to which the money was sent, causing a cyberattack. If what you want is to increase your anonymity and security, it is good that you think and get strategic advice to know what is the best way to fulfill your mission, so that later you do not have bad times and end up with nothing.

Although centralized mixer is the most useful to obscure Bitcoin transaction, but you need to fully trust them because if they did bad, you will not anonymous anymore. Just like Chipmixer where it's become a honeypot by government.

Each method to obscure Bitcoin transaction work in a different way, each way also have it's own disadvantage and advantage.

I would encourage to use many wallets than just one or two wallet because people are put their eyes on address contain a lot Bitcoin.

The best way to stay anonymous with your bitcoin transaction is to make use of the mixing service, it will not allow the linkage of the bitcoin wallet address you're receiving or sending to, the mistake people make is that they thought rebroadcasting of their funds on multiple wallets will make it anonymous to track, but the real idea is that it may increase the difficulty in making the linking but not making it anonymous, the best way to achieve privacy is to make use of bitcoincore software for by running full node transaction on the blockchain.

The bitcoins would still be traceable since no matter how many times you switch between the addresses, it could still be easily found where the money would end. And you would spend a lot of money trough fees moving those Bitcoins around for nothing. On another note, Bitcoin is already anonymous since no one knows who is the real owner of the Bitcoin but it is always traceable trough the blockchain.

My advice is using mixer services - they can break the connection with your starting address and you receive untraced Bitcoins. And of course, you should check for scams - use only services proven to be fair and real. Personally, I have never used such services/sites but you can surely find a respected one here on the forums. Always check for reviews/accusations and good luck.

Using privacy tools like mixers and conjoin services are good because it would at least slow down the tracking process. They promote privacy because it will take a quality advanced tracing algorithms to track the movement of the funds. But I don't need to be scared if mixing coins will be appropriate as much as my coins are from a source clean. One of the biggest misconceptions about mixing and conjoin services is that they are mostly used for money laundering, illegal narcotics, computer fraud, and identity theft. But is this is far from the truth. I just learnt about the output and input principle of using mixers and it became clear that it is important to keep learning in this community.  

tumbling does not degenerate the tag associated with the tainted coin as it still shows a clear path from one end to another
some exchanges after some time do suggest after a few spends it might have changed hands. but this is not a rule this is more of a consideration. its especially not considered as changing hands if full amounts are sent to new address in full(minus fee)
EG
100-99-98-97-96-95
where by they know 95 is 100% part of the 100 stash


alot of people try to split up value into smaller amounts across many addresses. but if at the end points the tumbler then joins the funds back together so they can spend whole amounts..  then the end points have same control as start point because its not a coincidence that the end funds join/co-mingle again with the same coins as start points
EG
                         21 - 21
                       /            \
            15 - 30 - 9          \
           /    /          \          \
       33 - 18 - 3      46        \
     /                \    /  \         \
100 -34-34-34- 37     \    49-70-100
     \                           \  /           /
       33 - 16-16-16-16-62-13     /
          \                               \  /
            17- 17-17-17-17-17-30  
this example is simplified but even with thousands of splits and tumbles inbetween start/end points. many analysis sites (even if changing whole coins through thousands of 5th decimal amounts and back again) can still see if a wallet controller is spending clusters of funds from same start point.

fungibility of coin taint is not a no-no-no-no-yes game.
its a % game. which each split of % of tainted funds is rated. and if using that last example, all are still 100% tainted even before they start joining back together
....
people then tried merging others stashes they own that were not tainted but this then makes analysis find out about other wallets the controller had that were not part of any taint to then look at the sources of other funds the controller had, with added suspicion of laundering taking place, which gives them reason to want to then look at the sources of the other funds that were added to obfuscate the taint

people then started 'mixing' where they would deposit their taint coins to a escrow/custodian. and the escrow/custodian would withdraw another persons coins. to not associate their other wallets. by using other peoples value instead..
the only issue is this is deemed as suspicious, which then makes even clean taint coins where innocent people start to get analysed and red flagged
where by anyone using a mixing system then gets watched closely

so when dirty taint coins enters a mixer/tumbler. they are watched even more so on the way out simply because they used a mixer/tumbler as it is seen as extra suspicious

in short. using mixer/tumblers/AEC(anonymity enhanced currencies) puts you on a watch list with higher intensity suspicion
and its not me saying this. its the regulations. its worth a read