Sorry for the late reply, @DaveF, but yeah, usually it's personal problem, but then I haven't used coinbase in a while.
From what I understand, they only check a limited number of hops, as more than 3 they can't prove where the coins came from; sure they can trace it, but who owns the addresses in between, no one else really knows.
In case that's a problem, that's where mixing services come in, or even CoinJoins. Still, some services don't like CoinJoins if they can determine that a hop away is a CoinJoin transaction, so the trick is to bounce the coin a few more hops (at your own expense in transaction fees), but yeah, that's how it works.
Personally, I haven't had too many problems with the exchanges or services I deal with, and I haven't worried too much where my coins came from. They do sometimes ask a lot of questions or require video interviews from time to time, but I deal with it like I'm any other normal person and I have no problems.
They've never asked me directly if my coins came from an online casino, and if they do, I can honestly answer that no, it was sent to me by a friend, or that I got it from another exchange (and just mention any of the other big international exchanges, they usually stop asking questions then.)
Topic: Service for checking BTC addresses and transactions? (Read 213 times)
What utter nonsense, pardon my French
There is no such thing as a dirty bitcoin. The idea is absurd. Yes, I know what you mean, but bitcoins are fungible, trying to classify them with such things like "taint" ... ... unless you blacklist all unknown addresses, you can't implement this. If you just have to whitelist known addresses, then this function is limited.
What would be nice is if that was 100% true.
For me to send you BTC and you to send to Alice and Alice to send to Bob that is true.
But for you to send to me and me to send to Coinbase (or Bitstamp or Gemini or other places) to convert to fiat then yeah people have been hassled about coins that were only one or two steps away from something that they did not like.
Now, I am not saying it's fair or good that it happens, but it sadly does.
Will services like this help? THAT is the discussion. You send me BTC that I want to cash out at exchange "X" once you send it to me it's too late. Either I send it back and ask you for other coins (probably never going to happen) from another source or I deal with it.
If I at least have a heads up that you sent me coins from Roobet.com (picking on them because I am wearing their sig at the moment) and I want to convert to fiat at Coinbase (who are known to kick people for using coins from casinos) then having a quick way to check is possibly useful.
Just my view.
-Dave
There is no such thing as a dirty bitcoin. The idea is absurd. Yes, I know what you mean, but bitcoins are fungible, trying to classify them with such things like "taint" ... ... unless you blacklist all unknown addresses, you can't implement this. If you just have to whitelist known addresses, then this function is limited.
We launched the Traceer app!
Now you can verify bitcoin addresses and BTC transactions. New users are given 3 verifications for free + 3 verifications for sharing on Facebook!
How this app differs from analogs: they cooperate only with large companies — exchanges, institutional investors, i.e. in the B2B segment. And Traceer is available to ordinary users of the Bitcoin network — individuals, small exchangers.
Why such an app is needed: to avoid blocking accounts on exchanges for accidentally depositing with "dirty" bitcoins. And not to receive coins with suspicious sources of origin from unfamiliar counterparties.
Now you can verify bitcoin addresses and BTC transactions. New users are given 3 verifications for free + 3 verifications for sharing on Facebook!
How this app differs from analogs: they cooperate only with large companies — exchanges, institutional investors, i.e. in the B2B segment. And Traceer is available to ordinary users of the Bitcoin network — individuals, small exchangers.
Why such an app is needed: to avoid blocking accounts on exchanges for accidentally depositing with "dirty" bitcoins. And not to receive coins with suspicious sources of origin from unfamiliar counterparties.
Sorry, but why you're asking for email address in this survey? Can you make it optional? Because I don't really want to leave my email address on random surveys and similar places, I'm already getting more than enough spam.
Sorry for this feature. You can enter any random email (you won’t need to confirm it).And speaking about AML directive, as I understand it's only for European Union? I didn't had time to study it, so, can someone tell what does it means for crypto users?
Briefly here:https://complyadvantage.com/blog/5mld-fifth-anti-money-laundering-directive/
https://paytechlaw.com/en/5-anti-money-laundering-directive-summary/
Sorry, but why you're asking for email address in this survey? Can you make it optional? Because I don't really want to leave my email address on random surveys and similar places, I'm already getting more than enough spam.
And speaking about AML directive, as I understand it's only for European Union? I didn't had time to study it, so, can someone tell what does it means for crypto users?
And speaking about AML directive, as I understand it's only for European Union? I didn't had time to study it, so, can someone tell what does it means for crypto users?
Hi guys,
I know some of you are in OTC trading.
The fact is that we want to create a service for checking bitcoin addresses and transactions for the "purity" of bitcoins, the number of receipts from dirty sources like the black market, hacked addresses, viruses, etc.
As you know, on January 10, 2020, the 5th AML directive comes into force and such checks will become mandatory.
I want to know would you use such a service?
We prepared a small questionnaire, could you, please, fill it out (2 minutes):
https://docs.google.com/forms/d/e/1FAIpQLScVE_m43oshG3kLJP_IaOdDyo-GahaEFY4sZBKCu58wRetAOA/viewform
I know some of you are in OTC trading.
The fact is that we want to create a service for checking bitcoin addresses and transactions for the "purity" of bitcoins, the number of receipts from dirty sources like the black market, hacked addresses, viruses, etc.
As you know, on January 10, 2020, the 5th AML directive comes into force and such checks will become mandatory.
I want to know would you use such a service?
We prepared a small questionnaire, could you, please, fill it out (2 minutes):
https://docs.google.com/forms/d/e/1FAIpQLScVE_m43oshG3kLJP_IaOdDyo-GahaEFY4sZBKCu58wRetAOA/viewform
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