Topic: Mixing through Dexes ? (Read 214 times)
I think most members here are mixing up a thing about a decentralized exchange and peer to peer exchange. HodlHodl is a p2p exchange but is not decentralized. Want to know how a true decentralized exchange works? Just download a bisq desktop add and run it.
I was thinking that it is possible to mix the coins through DEXes. There are a lot of DEXes available and there are also bridges too where one can convert the coin from one blockchain to get another coin to another blockchain.
There is only a few real dex exchanges you can use and it's possible to use them this way because they can't stop you from sending or receiving any Bitcoin.For example you could use Bisq exchange to sell your Bbitcoin for cash or monero, and then buy back bitcoin again.
You can also use conjoin or joinmarket to mix your BTC without even using any exchange.
It is better to use any of the decentralized exchanges than to use the centralized ones because there's no how you will come through CEX without going through KYC, since they decentralized, then you're free from the fear of running around from the effect of KYC on you, in case you needed some of the good examples of a decentralized exchanges then here are they.
Decentralized exchanges for you
https://bisq.network/
https://hodlhodl.com/
We have other mixing companies on the forum and a good example of one is [banned mixer]
Decentralized exchanges for you
https://bisq.network/
https://hodlhodl.com/
We have other mixing companies on the forum and a good example of one is [banned mixer]
There are few things you need to pay attention,
1. First of all, beware of fake DEX. For example, IDEX which supposed to be decentralized exchange have mandatory KYC[1].
2. DEX tends to have higher fee and worse exchange rate. If you're concerned about total cost, re-consider CoinJoin.
3. Wallet or software which support bridge feature usually have weak privacy by default (e.g. connect to certain server to obtain TX data).
[1] https://news.bitcoin.com/decentralized-exchange-idex-to-introduce-full-kyc/
1. First of all, beware of fake DEX. For example, IDEX which supposed to be decentralized exchange have mandatory KYC[1].
2. DEX tends to have higher fee and worse exchange rate. If you're concerned about total cost, re-consider CoinJoin.
3. Wallet or software which support bridge feature usually have weak privacy by default (e.g. connect to certain server to obtain TX data).
[1] https://news.bitcoin.com/decentralized-exchange-idex-to-introduce-full-kyc/
You can convert bitcoin to monero and convert the monero back to bitcoin. This is just called mixing.
Doing a straight swap to monero and back again achieves very little, and the service you used will be able to see exactly what you've done. If you want to go down this route, then you should swap bitcoin to monero using one service, split the monero up and move it around a couple of times, and then swap different amounts of monero back to bitcoin using different services. If you plan on doing this all via Bisq, then it would be best to use different trading partners for each trade.Your other option for privacy would be to use a good coinjoin implementation such as JoinMarket or Whirlpool.
And with everything to do with privacy, you should be running your own node. If you are relying on light wallets synced to third party servers, then your privacy is constantly at risk regardless of what obfuscations you make on-chain.
Yes. Use Bisq.network for it. Or use Agoradesk. Both decentralized exchanges have bitcoin and monero. You can convert bitcoin to monero and convert the monero back to bitcoin. This is just called mixing.
Agoradesk is not a decentralized exchange. It's just a P2P exchange. Bisq.netowrk is a combination of a decentralized and P2P exchange, but then again mixing through a P2P exchange should never be advised. The reason is simple. Law enforcement agents can infiltrate the service and pretend to make offers just to fish out and trace people who they think are "breaking" the law.This has ever happened before with localcryptos - IRS Sends Undercover Agent to Bust Criminals on Crypto Marketplace
Since Bisq and Agoradesk are the most popular platforms, I will mention about their terms.
Using their platforms in order to stay private is easy, but if you use it to mix your coins, it's not going to be easy as you might leave your trace somewhere else.
If there are only few users who trade on the pair you use, it will be easy for the exchange to know which one is your transaction.
If you send 0.5 BTC, you convert to XMR and you convert it back to BTC, now you have 0.48 BTC (fees deducted), then you withdraw that 0.48 BTC at once, they might recognize you since the amount is almost same.
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Using their platforms in order to stay private is easy, but if you use it to mix your coins, it's not going to be easy as you might leave your trace somewhere else.
If there are only few users who trade on the pair you use, it will be easy for the exchange to know which one is your transaction.
If you send 0.5 BTC, you convert to XMR and you convert it back to BTC, now you have 0.48 BTC (fees deducted), then you withdraw that 0.48 BTC at once, they might recognize you since the amount is almost same.
You will probably get the clean one, then those who will use the dex after you with the same approach will get those dirty coins.
What you are saying is that people should not use decentralized exchanges? Almost all coins are tainted. What do you want to talk about Coinjoin? People nare using both successfully.Most coins are tainted but not as tainted as much from hacked exchanges, launder, etc. Don't mix for having privacy and having clean coins after having such transactions. That's the disadvantage of using p2p transactions and maybe but not as much when using Coinjoin. But it still work for privacy tho, just like i said, just don't transfer them directly to a custodial services, because it might be a problem sooner.
You will probably get the clean one, then those who will use the dex after you with the same approach will get those dirty coins.
What you are saying is that people should not use decentralized exchanges? Almost all coins are tainted. What do you want to talk about Coinjoin? People nare using both successfully.Those can make it slightly tricky to track your funds by a very small amount, but it really doesn't give you any effective amount of privacy. Sure, maybe your neighbor's grandparents won't be able to track your funds, but any half-decent blockchain analyst would easily be able to.
Use Tor enabled browsers like Tor to access a decentralized exchange, and blockchain analyst will find it difficult (although not impossible) to track your coins to your real identity.
AgoraDesk is not a mixing service. It is a p2p exchange. The platform itself is also not as anonymous as one would think. I would not consider this, or the method of "depositing, exchanging for monero, exchanging back)" as a way to mix.
Dexes like Bisq can provide you with a level of anonymity however I would not call it bulletproof either. Other dexes, like uniswap and other on-chain services, are not at all anonymous as the blockchain provides all information about all transactions and trades.
Mixers are vulnerable in the sense that you are trusting node operators with
- the fact that you trust then with your data
- with your data, if they don't respect your privacy in all aspects.
The same goes for swapping services that claim to be anonymous. Mixers and swap services can take a lot of data about your as it is ultimately required by law, and they are businesses that want to continue to operate at the end of the day (their marketing means nothing, their TOS means everything)
Privacy chains alone can be used, however you need to be sure about your system security and browser/network privacy as well, as these can also make processes redundant.
Achieving privacy is hard these days. If you are doing anything wrong, it is easier and better for you to just not do it. If you are innocently just trying to achieve privacy, first master security and privacy, then you can easily utilize privacy chains and various exchanging services with less concern.
Dexes like Bisq can provide you with a level of anonymity however I would not call it bulletproof either. Other dexes, like uniswap and other on-chain services, are not at all anonymous as the blockchain provides all information about all transactions and trades.
Mixers are vulnerable in the sense that you are trusting node operators with
- the fact that you trust then with your data
- with your data, if they don't respect your privacy in all aspects.
The same goes for swapping services that claim to be anonymous. Mixers and swap services can take a lot of data about your as it is ultimately required by law, and they are businesses that want to continue to operate at the end of the day (their marketing means nothing, their TOS means everything)
Privacy chains alone can be used, however you need to be sure about your system security and browser/network privacy as well, as these can also make processes redundant.
Achieving privacy is hard these days. If you are doing anything wrong, it is easier and better for you to just not do it. If you are innocently just trying to achieve privacy, first master security and privacy, then you can easily utilize privacy chains and various exchanging services with less concern.
Those can make it slightly tricky to track your funds by a very small amount, but it really doesn't give you any effective amount of privacy. Sure, maybe your neighbor's grandparents won't be able to track your funds, but any half-decent blockchain analyst would easily be able to.
I believe it depends on who is looking at your addresses, it is trivial to hide from people who really don't have any blockchain knowledge, and sending your coins to a decentralized exchange is good enough to hide from such people. It may be worth mentioning that you should not do this with a centralized exchange because they have your kyc data and they keep logs, which they can give to LE at anytime.
For better privacy you can exchange your BTC for XMR and XMR back to BTC, and you can do than in a decentralized exchange like Bisq. You can also use swap exchanges like exch.cx that does not collect kyc from you to swap your coins, they are also tor-friendly and you can use their onion link and connect via tor for privacy, all of these should be enough to obscure your tx in the eyes of 'normal' people. But if maybe you want to hide from blockchain analysis companies or your government, you should use CoinJoin tools for that, and send your coins only to a decentralized exchange after CoinJoining.
For better privacy you can exchange your BTC for XMR and XMR back to BTC, and you can do than in a decentralized exchange like Bisq. You can also use swap exchanges like exch.cx that does not collect kyc from you to swap your coins, they are also tor-friendly and you can use their onion link and connect via tor for privacy, all of these should be enough to obscure your tx in the eyes of 'normal' people. But if maybe you want to hide from blockchain analysis companies or your government, you should use CoinJoin tools for that, and send your coins only to a decentralized exchange after CoinJoining.
Yes, that's the basic way. But that doesn't mean it cannot be traced especially in p2p tx, the one you are dealing (p2p) in dex will suffer the most if we're talking of dirty coins, especially if the user transfer it eventually to its custodial wallet. Unless that user uses different approach like swapping coins to other coins with dex.
You will probably get the clean one, then those who will use the dex after you with the same approach will get those dirty coins.
You will probably get the clean one, then those who will use the dex after you with the same approach will get those dirty coins.
Yes. Use Bisq.network for it. Or use Agoradesk. Both decentralized exchanges have bitcoin and monero. You can convert bitcoin to monero and convert the monero back to bitcoin. This is just called mixing.
For ease, you can use [banned mixer] for it which is a mixer. Use the advanced which is about the bitcoin and monero mixing method.
For ease, you can use [banned mixer] for it which is a mixer. Use the advanced which is about the bitcoin and monero mixing method.
Well, i know that there are a lot of mixers available and some of them are really good ones. Then we have instant exchanges and the normal crypto exchanges where people can mix their coins to some extent.
I was thinking that it is possible to mix the coins through DEXes. There are a lot of DEXes available and there are also bridges too where one can convert the coin from one blockchain to get another coin to another blockchain.
If you can shed more light on this, it may be helpful for many of us.
I was thinking that it is possible to mix the coins through DEXes. There are a lot of DEXes available and there are also bridges too where one can convert the coin from one blockchain to get another coin to another blockchain.
If you can shed more light on this, it may be helpful for many of us.
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