Topic: Let's say you have a large amount of BTC and you (Read 933 times)
I think there is no way for the bitcoin tx not to be trace, transaction can be trace and the trader can also be trace because there is always a kyc required before entering on any reputable exchange. Maybe the only way to convert bitcoin into fiat without any problem is to convert it in minimal amount because if you convert a big amount you will surely be questioned about how you get that funds and that was a problem.
seems impossible can not be traced. especially if the exchange has implemented KYC for members it will be very easy to track anyone.
So there's no way to hide from tracking until now unless you sell btc on the black market anonymously.
You can still possibly able to do so,considering that there are platforms which do really have that 2 btc limit for unverified accounts which does simply means that people could still make able to some cashoutSo there's no way to hide from tracking until now unless you sell btc on the black market anonymously.
without being traced up.
Having lots wouldnt be a problem and making some gradual cash out wont really be that a hassle unless if you are in a rush then p2p or blackmarket transactions would be the option
but we know that certain risk on these kind of dealings.
Better to stick out with that common set-up and at least you are bit safe.
Choosing the safer side as hassles and those possible hacks may take place, but again unless you are rushing things out then
this kind of setup is one of those options that you've got.
Also, finding p2p with that huge amount may take time as well as you arealso risking not just your money but most with your
personal securities,.
seems impossible can not be traced. especially if the exchange has implemented KYC for members it will be very easy to track anyone.
So there's no way to hide from tracking until now unless you sell btc on the black market anonymously.
You can still possibly able to do so,considering that there are platforms which do really have that 2 btc limit for unverified accounts which does simply means that people could still make able to some cashoutSo there's no way to hide from tracking until now unless you sell btc on the black market anonymously.
without being traced up.
Having lots wouldnt be a problem and making some gradual cash out wont really be that a hassle unless if you are in a rush then p2p or blackmarket transactions would be the option
but we know that certain risk on these kind of dealings.
Better to stick out with that common set-up and at least you are bit safe.
seems impossible can not be traced. especially if the exchange has implemented KYC for members it will be very easy to track anyone.
So there's no way to hide from tracking until now unless you sell btc on the black market anonymously.
So there's no way to hide from tracking until now unless you sell btc on the black market anonymously.
If I have a large amount of BTC, I will hold them for the future because I know and have the patience to hold the coins, which is a part of trading. BTC is pumping again and will repeat the history in this coming months and even years I can say.
kyc scams a lot of the time so it is better to stay away from kyc if there is a lot of BTC I will not invest it all together. I would use some for investment and it would be better to convert it into fiat currency turning to fiat will not be a chance to scam it will be much easier to withdraw there are also many bitcoin casinos in which I will spend money on gambling. Winning will double bitcoin and make the long term investment profitable.
Maybe KYC is a reason for you to get scam if you are visiting the wrong or phishing site. I've done with several KYC from different exchanges and luckily, I was not being scammed by them. What I did is to choose those reputable exchanges but with that huge amount of BTC, I don't make a trade in a single day, like to cut a chunk is the safest way to do. But I'm not supposed to withdraw all of it, much better to keep some of our BTC in preparing for the future.
I did't sell the whole amount but i will sell in small patches because selling a whole amount once will not give me as much profit as selling in small patches, because bitcoin is the only coin that we can't imagine how much it gives us a profit and which situation we should sell.
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or using fake KYC? sorry but i don't give consent on this kind but OP is asking how to hide personality so that is one of the option i see..
Isn't crypto industry main solution for individuals is to be anonymous? I think decentralization and anonymosity are two cornerstones for the financial industry future.
Let's say you have a large amount of BTC and you want to spend it / invest it / transform it in fiat but you do not want the BTC to be traced to exchanges or to you, how would you do it ?
It's not for me, it's to further my understanding of the space.
It's not for me, it's to further my understanding of the space.
The simple answer would be to selling using P2P (I.e Peer to peer). It's a way of transacting between two people where one person sends the coins and the other person sends the equivalent in fiat.
You'd, however, be required to sell in small quantities with different rates depending on the buyer because many of buyers can't afford to buy large amount of btc or coins at a go. Another issue would be of Trust, you'd have to trade with trusted people so that you don't get scammed.
Through the exchanger.
I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
In exchanges, if it's a huge amount of money, you'll be asked for KYC. All of them are like that and they will be alerted when somebody is going through withdrawals with such a huge amount. But just like the others that have suggested that you will withdraw many times but with very small amounts, it's your very choice. Or, if there are casinos in your area, there might be some of those gamblers that are looking to buy bitcoin, you can sell it to them.I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
kyc scams a lot of the time so it is better to stay away from kyc if there is a lot of BTC I will not invest it all together. I would use some for investment and it would be better to convert it into fiat currency turning to fiat will not be a chance to scam it will be much easier to withdraw there are also many bitcoin casinos in which I will spend money on gambling. Winning will double bitcoin and make the long term investment profitable.
Through the exchanger.
I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
In exchanges, if it's a huge amount of money, you'll be asked for KYC. All of them are like that and they will be alerted when somebody is going through withdrawals with such a huge amount. But just like the others that have suggested that you will withdraw many times but with very small amounts, it's your very choice. Or, if there are casinos in your area, there might be some of those gamblers that are looking to buy bitcoin, you can sell it to them.I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
Through the exchanger.
I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
In exchanges, if it's a huge amount of money, you'll be asked for KYC. All of them are like that and they will be alerted when somebody is going through withdrawals with such a huge amount. But just like the others that have suggested that you will withdraw many times but with very small amounts, it's your very choice. Or, if there are casinos in your area, there might be some of those gamblers that are looking to buy bitcoin, you can sell it to them. I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
Isn't this something that lot of hackers do though? But obviously if its your coins, why not just sell it to exchange to your bank account?
Let's say you have a large amount of BTC and you want to spend it / invest it / transform it in fiat but you do not want the BTC to be traced to exchanges or to you, how would you do it ?
That is certainly hard for us but live no choice and we have to use any services like exchanges to help it out and converted our BTC to fiat money for safe transactions. Mixing services could offer you such help but I don't think it works BTC to FIAT money but that gonna be cryptocurrencies only, so you still need to trade your BTC to another platform. P2P is also available but mind a possible scam and will lose your money instanatly.But thinking like that, you just make yourself/ourselves harder. KYC is not a thing we have to skip or to worried about because it was a part of the development and this has been made to verify the ownership of the account and sooner or later, KYC might be a mandatory case for all crypto users.
It would be nice to be able to keep your wealth private without having to forcefully tell so many authorities and companies.
Through the exchanger.
I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
I would exchange BTC for the currency of interest to me in a private transaction or with the help of some service.
In a pinch, I would exchange it for cash.
Let's say you have a large amount of BTC and you want to spend it / invest it / transform it in fiat but you do not want the BTC to be traced to exchanges or to you, how would you do it ?
That is certainly hard for us but live no choice and we have to use any services like exchanges to help it out and converted our BTC to fiat money for safe transactions. Mixing services could offer you such help but I don't think it works BTC to FIAT money but that gonna be cryptocurrencies only, so you still need to trade your BTC to another platform. P2P is also available but mind a possible scam and will lose your money instanatly.But thinking like that, you just make yourself/ourselves harder. KYC is not a thing we have to skip or to worried about because it was a part of the development and this has been made to verify the ownership of the account and sooner or later, KYC might be a mandatory case for all crypto users.
You can use mixing services, various CFD assets traded exchanges for buying shares, OTC trades, cashing out in different coins, buying goods with crypto, etc. There are thousands of alternatives but it is a matter of time for exchanges to ask for proof of funds before they let you withdraw huge amounts. I prefer OTC trades or selling to the person face to face in order to avoid double-spending or other problems. P2P still looks like the best alternative unless you wanna exchange the big amounts on the risky places. Dividing the risk among the team can be another solution, tbh there is no concrete option. Depending on the case and amount, there are plenty of options to choose from. Just my 2 cents.
Let's say you have a large amount of BTC and you want to spend it / invest it / transform it in fiat but you do not want the BTC to be traced to exchanges or to you, how would you do it ?
It's not for me, it's to further my understanding of the space.
It's not for me, it's to further my understanding of the space.
If it were me I would probably go with the below 2 options
1. Use mixing services to mix my bitcoin
2. Use P2P service and find someone who can give the bitcoins for cash
I would then send someone trusted or go by myself and collect the cash in exchange for fiat.
Disguising myself would be better and feel like I am in a movie or something
Easy!
For starters most crypto exchanges have a certain limit you an exchange without kyc so you use this to your advantage to get another coin maybe a stable coin for your exchange method...meaning you will be doing this in small chunks, it's a lengthy process but it will get the job done and you can use tumblers aka mixers too to get cleaner coins and selling them for fiat.
For starters most crypto exchanges have a certain limit you an exchange without kyc so you use this to your advantage to get another coin maybe a stable coin for your exchange method...meaning you will be doing this in small chunks, it's a lengthy process but it will get the job done and you can use tumblers aka mixers too to get cleaner coins and selling them for fiat.
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