Topic: Should i change my BTC Wallet Address ? - page 2. (Read 441 times)
You shouldn't be using the same address for different campaign and purposes. Create separate wallets (not addresses) for any activity that you do. That way it's easier to monitor and control the different coins. You don't want to end up in a situation to link a Sinbad UTXO with a KYC-verified coin and effectively prove that you are connected to both. Leave the Sinbad coins alone for now. When the fees drop, they'll need to be anonymized, and you better keep them away from centralized exchanges.
I receive my funds in the electrum wallet, If i transfer my funds from my wallet to binance, will it be a probelm?
I think not, but can't be sure that your account is not on their watchlist if you will always receive from the same address. I agree with some of the opinions above that it is time for you to get a new address for future payments. They may turn out to be difficult for you at any time. 
Why not just swap it to monero and back to bitcoin? He is using a a centralized exchange. There is possibility that the exchange may still also seize coinjoin coins.
Yes, I am in favour of this method. I use it a lot in general.
In fact, there is nothing wrong with also keeping these funds in XMR and use XMR, because I don't consider XMR a s**coin but a proper altcoin, but this is on OP to decide. Then OP could have a clear distinction in his head that any new Bitcoin UTXO isn't linked with the previous UTXOs that come from the mixing service.
The only catch is that should OP wish to get back to Bitcoin using a reverse swap from XMR, there is no way to know where the new BTC utxos come from. So, in case those utxos come from the same mixing service, he will not have gained anything. However, there is no way to know if any UTXO you receive, from now on, is linked to the mixing service we talk about.
This is why I suggested coinjoins. I support coinjoins is general, no matter where the inputs come from. Bitcoin is money and as long as it is used widely, you will eventually receive money coming from illicit activities, just like the FIAT money you receive every day. We should learn to use coinjoins as a habit. It is not mandatory, but it is clearly a good option!
Or with coinjoins. You could use whirlpool for example.
Why not just swap it to monero and back to bitcoin? He is using a a centralized exchange. There is possibility that the exchange may still also seize coinjoin coins. If I am the one, I will send the fund to two addresses, wait for some days, send it to another two addresses which makes it two hops and I will leave it for some days before sending it to an exchange to spend.
But I do not think OP has any problem, because Binance ought to have seized his coin or freeze his account but there is nothing done.
I receive my funds in the electrum wallet, If i transfer my funds from my wallet to binance, will it be a probelm?
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
To be honest, i don't think it is a problem anymore and even Binance unfreezes the account if you tell / convivence them that you receive them from Signature Campaign.
You must have heard the term, "“Better safe than sorry”', so why not take the precautionary steps to avoid any mishap in the future. I would not take much to create a new wallet and asking your campaign manager to change you receiving payment address. Keep the old fund the same wallet and not mix them with your new wallet (by transferring them). Rather try to exchange them via direct exchangers or coinjoin (as many others recommend this too).
I was in the Si*b^^ Signatue campiagn and i am using the same address currently that i used in that Signature campaign. As you have heard binance asked for verification if they receive the funds directly to the binance account.
I receive my funds in the electrum wallet, If i transfer my funds from my wallet to binance, will it be a probelm?
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
Don't send your Sinbad campaign earnings directly to Binance's Bitcoin address or you'll be in trouble like other users. I think it's better for you to coinjoin (not via Wasabi) or mix your coins to get new coins without Sinbad traces. Then deposit them on decentralized exchanger and exchange them for altcoins like LTC and then deposit LTC to Binance.I receive my funds in the electrum wallet, If i transfer my funds from my wallet to binance, will it be a probelm?
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
For new transactions, use a brand new address that won't be linked to your Sinbad wallet.
So if i wanted to use my balance on that address, i would need to mix it with a mixer so that my connection with Si#D$$ is lost ?
Or with coinjoins. You could use whirlpool for example.
To be honest, personally I would:
1. create a wallet specifically for this mixing service's payments.
2. start doing whirlpool coinjoins and let them go to the wallet created on step (1).
3. avoid sending any other transactions to this wallet (any of the addresses of this wallet).
4. if you need to send out of this wallet, just do it from the fresh coinjoined UTXOs.
In my opinion, you will be able to use the UTXOs anyway in the future. However, if everything has gone wrong and all the miners decide to reject these inputs, you want to have them as separate UTXOs. Don't mix them with other ones you may have.
So you mean to say that even i change the address for future transcations, my previous address is linked to the Si^d^^ black listed address and even if i transfer the btc to few new addresses and then to binance, it can still be a probelm.
It is easy to trace the blacklisted address to your own address. Even if you change the address now, it does not matter at all. But I think if you do not use your address to receive funds from the blacklisted address directly, you have no problem. But if you are not having fund on Binance, I will advise you not to use the exchange for now. I'm not sure that would necessarily help though? I'm not an expert on KYT (Know your transaction) but from my understanding of things, even changing the address, may not help? otherwise, how come they could detect malicious activities if that's really all they do, just check the direct transactions?
So you mean to say that even i change the address for future transcations, my previous address is linked to the Si^d^^ black listed address and even if i transfer the btc to few new addresses and then to binance, it can still be a probelm.
So if i wanted to use my balance on that address, i would need to mix it with a mixer so that my connection with Si#D$$ is lost ?
I'm not sure that would necessarily help though? I'm not an expert on KYT (Know your transaction) but from my understanding of things, even changing the address, may not help? otherwise, how come they could detect malicious activities if that's really all they do, just check the direct transactions?
AFAIK, Sinbad's signature campaign escrow address has been added in the blacklist so any addresses come in contact with may have a problem maybe not now but in a month or even after six months your exchange freeze account if you deposited even once to the exchange's address from your address which used to receive any funds from flagged address.
Exchanges and casinos always stay vigilant to prevent money launderers from abusing the platforms so even if you swap to 10 different addresses before you deposit funds to your Binance account, they know it.
Change your address ASAP.
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
Exchanges and casinos always stay vigilant to prevent money launderers from abusing the platforms so even if you swap to 10 different addresses before you deposit funds to your Binance account, they know it.
Change your address ASAP.
I was in the Si*b^^ Signatue campiagn and i am using the same address currently that i used in that Signature campaign. As you have heard binance asked for verification if they receive the funds directly to the binance account.
I receive my funds in the electrum wallet, If i transfer my funds from my wallet to binance, will it be a probelm?
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
I receive my funds in the electrum wallet, If i transfer my funds from my wallet to binance, will it be a probelm?
Can i continue using the same BTC address, as it was an Electrum address and not directly a binance deposit address
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