Topic: Is there any way to swap Bitcoin? (Read 307 times)

I recommend you to convert your Bitcoin into XMR on Bisp first and then you can convert that XMR to any other coin if you like. XMR is the high featured privacy coin out there and it's literally very hard to link anyone to XMR based transactions. First, you should swap your Bitcoin into XMR and I think you can then swap your XMR into fiat or any stable coin without any issue. I believe that you can direcrly sell those coins without worries but still it's much better to swap those into XMR before selling it for fiat or any stable coins.

If I'm not wrong, I believe that agoradesk have a monero mirror called Localmonero. I'm not saying anything btw, I'm just saying that given your circumstances, finding a bitcoin to monero exchange may help your cause. The only part p2p is involved is when you are looking for something to use to withdraw. Agoradesk - btc. Bisq - multicoin. Localxmr - xmr. I think there are other options as well, depends on geographic...though all of the aforementioned have a reputation within this community and have been widely used/endorsed in the past. They should be safe to use.

Not only centralised exchanges can change bitcoin for you, you can also do OTC (over the counter) deals  where trusted parties buy and sell BTC in large volumes, it all depends on how much you have and want to sell off.

This suggestion is in the event of your fear of being clamped down via platforms and all that.

I'm not sure did I understand this bolded part correctly. Are you saying to exchange BTC to XMR P2P and then back to BTC? I tried searching for monero mirror, but I didn't find anything useful.




Is it possible to exchange coins directly in TrustWallet or it's just a multicoin wallet?




Yeah, I don't know where the guy got them back then, and that's the reason why I want to "unlink" them from him. I don't want to come to a situation where I sell them P2P, a buyer has CEX address and they block the transaction.

This is interesting.  What if btc you received from a long time ago wasn't worth much back then and the person or exchange you buy it from had issues? 


The thing is if you withdraw it from a gambling site, well what if it was some person who deposited that btc in a gambling site and now uses that btc to pay you? 

If you intend to sell, then you may swap to altcoin from DEX and sell it. I had used TrustWallet to swap my coins, like from BNB to Bitcoin or Bitcoin to BNB. So it does break the chain and transaction history. For example, if you want to sell, convert your bitcoin to ETH and sell through P2P or whatever you like. If you still want to hold Bitcoin, then deposit ETH to centralised exchanges and make an exchange for Bitcoin. Then you can withdraw Bitcoin from the exchanges. Keep in mind that it does break all the previous transactions, but it doesn't assure your privacy when you are using centralised exchanges. They might know that you own the address, but you will get fresh coins from the exchange.

Thank you all for answering! I will try to reply as much as possible.



Wow, there are so many options now. I remember installing and trying Bisq back when it was maybe even in beta, it barely had any orders. Is it possible to sell bitcoins for fiat or stablecoins there now? If it is, I'm not sure would I have to first exchange them for some altcoins, or it's enough to sell them straight away without needing to worry about linkage to the mentioned guy?



I sent only a fraction to Wasabi as I was mainly curious of how it works. The bigger part went like: his wallet -> my generated wallet -> hardware wallet.

If I understood you correctly, basically it comes down to if I want to "unlink" them from the previous guy, I have to first swap them for XMR? I guess your last sentence explains if they were sold for USD (if that's even possible on Bisq) it could be tracked all the way back.



If I got it correctly from this thread, aside from mixers (which I would like to skip) using DEX and buying XMR or some other coin is the best way "unlinking" them from his wallet? Actually, I have no idea why that guy got arrested, it could be something totally unrelated to Bitcoins, but I wouldn't want to test my luck, hence why I'm looking for a solution just in case.



I understand your point of view and indeed, you can't verify if this is true or not, but I don't force anyone to believe it. I could probably find a transaction id, but I really don't want to share it publicly online. Regarding the guy, I mentioned above, I have no idea why he got arrested, could be also something unrelated to Bitcoins. I heard about it in a casual conversation, the person who told me didn't know more than that. Except that one time, I had no contact with him, and now after so many years, even less. Maybe these coins are fine, maybe not, I have no idea. While you mentioned it, is there some list or website where it's possible to see those suspicious wallets?



Why do you think that? Isn't coinjoin basically mixing? I see some people on reddit stating their accounts got banned/blacklisted when CEXs saw their coins came from coinjoin. Trying coinjoin and then selling P2P, the same way I bought back then, I guess can possibly lead to losing funds, as the most, if not all buyers are using CEX, so their CEX might seize the funds. Or you thought using something from your suggestions and then selling on Bisq?



This is true, the fear could be unjustified. I have no idea why he got arrested in the first place (and have no way to check it), it might or might not be related to Bitcoins. I'm asking simply because I wouldn't want to risk it and would rather be safe than sorry. The problem with P2P trade I see is, if the other side uses CEX (which is highly likely), so once I send them the funds, they might seize them.



Sorry I didn't understand this part, can you rephrase it please? If I understood correctly, you suggest sending to Agoradesk, Bisq or some CEX and to sell there? Where is the mixer in there?

Before you use these services (given your circumstances) you are probably best to find a Bitcoin to Monero exchange on kycnot.me, then from there swapping to xmr, and using agoradesk's monero mirror, local xmr, or swapping back to btc and using agoradesk. Monero is a protocol built for privacy and in a situation like this, it might help you to find some additional privacy than just using the services with the coins you have. You aren't doing anything wrong by achieving some privacy here, using a privacy protocol for its intended purpose might save you troubles if any troubles are related to your coins. if LE already picked up the guy though, you mightn't even have anything to worry about. Good luck

I think the best option is for him to sell it to someone else to avoid exchanges that would be dramatic at times. Bitcoin is a great asset especially now that the market is going well and preparing for the bull trend we had been waiting for a long time before now. He can indulge I'm P2P transactions and sell it off the market which is a fast way to dispose the Bitcoin rather than going to an exchange to sell it. Exchange is a good place for us to sell our Bitcoin and we also need to be very careful from using centralized exchanges because they would always ask for KYC verification on some certain amount of funds.

Swap here also means trade.  The term swap is not limited to altcoin exchanges that label themselves swaps.


There is and it is very easy, by depositing your Bitcoin to exchanges and swap/trade them with altcoins but @OP wanted to remove the trace of his previous transaction so that he can make a "swap" with people without any worries, and the first two replies[1][2] answers the queries.

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[1] https://bitcointalksearch.org/topic/m.63284065
[2] https://bitcointalksearch.org/topic/m.63284098

Not just that they would directly freeze your funds, they may tell one story or the other and ask you for KYC before you can get the funds back, etc. idk about you but even though I have a centralized exchange account with KYC completed, I do not like it because they know who is behind the transactions, and that gives the vibe of the traditional banking system. I’ll advise you use decentralized exchanges as you may have been advised in some other replies.

Maybe you can used Wrapped bitcoin (wBTC).

Or you can look for a non KYC like this one: [ANN] kycnot.me | Open-source list of non-kyc services

Best of luck.

Good thing you are aware not to trust the CEX. If you want to do anything swapping make use of the DEX. So yes, bitcoin can be swapped to other cryptocurrency is but you have to take precautions as some exchanges will require KYC especially centralized exchanges. Also, when swapping with decentralized exchanges confirm the coin and network your using to avoid loss of funds because some persons do make silly mistakes when swapping their coins in a DEX.

You could try doing coinjoin as others have mentioned but if there's not much liquidity, I recommend coupling it with a privacy oriented exchange.

You could look into kycnot.me for some list but I would personally suggest bisq or if that's too complicated for you, then exch.cx is good as well -- has privacy respecting policies, works without JS, has onion link and reputation in the forum.

This exchange doesn't have Monero available for exchange right now.

But bitcoin to monero can be successfully exchanged here:
https://nexusx.io/exchange/btc-xmr
Without KYC and AML. 

Send the Bitcoin to another non custodial wallet then from the non custodial wallet you can send to an exchange like Agoradesk, Bisq and Centralized Exchange like Binance and sell off your Bitcoin. And with that you will not have problem with the Mixer address though they can still traces the last address for transaction but it will not have too much effect from the direct sending from the Mixer.

You can still swap Bitcoin to another coin if you are using Trustwallet. Then you can sell them in the coin you have swapped.

Hmm, I'm really curious Op mentioned Wassabi Wallet and a couple of hours ago, I heard ICO announcing the re-lunch of Wassabi Wallet's marketing campaign on the Bitcointlak. Anyway, that is another topic, currently OP wants to have assistance with a person who gave him some Bitcoins face-to-face, and back in time he was arrested for what he's unaware of it.

Buddy, you can better investigate first for what he got arrested back in time because you may be fearing for nothing. If there was really some kind of case related to Bitcoins, you should make a P2P trade or a cash trade with a retailer nearby you. hehe Am I doing right by recommending anything, anyway whatever OP posted in the context of that I think if there was a serious case about Bitcoin and OP's post is legitimate he's the victim and he has the right to get out of this trouble.


Hehe, You are assisting him well anyway providing the right information is our duty if we know anything but dont be careless every time just friendly advice. Becasue OP just made his 1st post.

 

The easiest solution is to download the Samourai wallet for Android or Sparrow for desktop devices, and then use Whirlpool (zerolink coinjoin implementation).

Learn more here
https://samouraiwallet.com/whirlpool
https://sparrowwallet.com/docs/mixing-whirlpool.html
https://bitcoiner.guide/whirlpool/

Using Bisq to mix your coins may not be a smart idea.

I don't know why but I sense something bad here, I am not saying you have created this story but how can we verify that you are not telling lie about this whole scenario, you said you bought BTC face to face, but you still have made a transaction with that guy, can you provide that hash or transaction details so we could search about it. Because to find out why he got arrested and can you use those BTC, you have few options.
Go and ask that person or police or his relatives, or friends about why he got arrested, if you can't then try to trace back the funds which he sent you, try to find the source of those coins, if they are linking to some scam wallet, which is tagged as suspicious or of hackers then those BTC might cause you trouble and I will suggest you to abandon them although it is not easy to give away or waste money but you said those BTC are in small amount.
Which mean you could sweep them away, if you don't find a solid answer to above questions then it will be better to avoid making any trade in them, and using mixers for this might come in the type of money laundering and I will say don't use mixers for money laundering purposes, and many centralized exchanges don't accept funds from mixers.

Yes, it is possible to swap Bitcoin for other cryptocurrencies, and this process is known as a crypto-to-crypto swap. One way to do this is through a decentralized exchange (DEX), which is a platform that allows users to trade cryptocurrencies directly with each other, without the need for a third-party intermediary. These exchanges typically use smart contracts to facilitate the trades. Another option is to use a centralized exchange (CEX), which is a platform that acts as an intermediary between buyers and sellers of cryptocurrency. CEXs typically charge a fee for each trade. Whichever method you choose, make sure you understand the risks and apply wisdom on it ok..

Bisq and Agoradesk are well-known options but there is another one without mixing your BTC there is an instant exchange where you can exchange BTC to any supported coins like USDT or Monero they also have a "strict non-logging policy" that fits your needs.

Check their thread here https://bitcointalksearch.org/topic/exch-instant-exchange-btc-ln-xmr-ltc-eth-erc20-577207

There are other service that will provide you with the same benefit of keeping your privacy safe. Not all of them are bad and are you 100% sure that the guy who got arrested was for being involved in Bitcoin? Keeping that aside, you can always mix it and then convert it into some other coins and then cash it out using either P2P transaction or using a centralized platform.

Doing it directly with a centralized platform will put you at a risk. So try to find some alternative option. If there's someone accepting transaction in personal wallet then you can do that transaction too.

Be careful.

With swap, you are more likely talking about altcoins and swap between their blockchains.
With Bitcoin, you have only Bitcoin blockchain and you can trade (buy, sell) with it. If you want off-chain, you have Bitcoin Lightning Network.

There is no way to swap Bitcoin to altcoins. There are some Wrapped Bitcoin tokens on different blockchains and with those wrapped tokens, you can swap them to altcoins on the same blockchain. A strong reminder is those Wrapped Bitcoin tokens are not bitcoins.

I'm assuming you didn't properly use the Coinjoin feature in Wasabi, so let's assume if your coins is still linked with the previous guy.

You're only concealing your coins, tracking back the previous transactions will make people know where the coins comes from. You actually need additional privacy tool if your intention to hide the trace, you can use Bisq to swap your BTC to XMR, then sell XMR to USD (or local currency used in your country).

You can directly sell your BTC using no KYC P2P or DEX, you coins will not be frozen, it's only lack of privacy.

You can try and use Bisq or Agoradesk.

https://bisq.network/

Other decentralized exchanges: https://kycnot.me/

Hi,

I bought part of BTC a long time ago, back when it was a pocket change, and I'm holding it ever since. I got it from a first guy I found locally on localbitcoins, and we did a face to face transaction. Back then were simpler times, the amount was small, and I planned to get familiar with Bitcoin and blockchain, so I never thought to ask him where he got them. Then, a year or two after that, I heard he was arrested, but I have no idea what for.

I sent it to a hardware wallet and never touched them except once a couple of years ago when I was curious how Wasabi wallet mixing (if that's how it was called) works, so I sent the part of it to see, and now it's there on a separate wallet. Fast-forward to this date. As the price raised significantly, I would like to cash out and take some profit, but I'm afraid they might be somehow flagged with the guy I bought them from. I saw a lot of posts online where people saying their funds were frozen on centralized exchanges for being linked to a mixer.

My question is, is there any way I can swap my existing funds in a way so they won't be linked to the previous guy anymore, which doesn't include any additional mixing? I know I could sell them locally, but most of the sellers are using accounts on centralized exchanges, so if those mentioned posts are true, they might freeze them and I will stay both without funds and money.