Transfers between Wasabi and (for example) Coinbase still possible?

FinneysTrueVision

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Quote from: un_rank on July 04, 2023, 05:54:37 AM

Quote from: NotATether on July 04, 2023, 03:44:31 AM

How did that happen? Does Coinbase have a minimum withdrawal amount or similar? What's the withdrawal fee you had to pay for this?

"Yes, but the minimum is small to ensure you always have access to your funds. These minimums fluctuate with exchange rates, but are generally under $0.10."^[1]
The fees could add up and take the amount over $1.

This does not account for the fact that there is no proof of the transaction, it should show up in the transaction history.

[1] https://help.coinbase.com/en/commerce/getting-started/withdrawals

- Jay -

You are quoting the Coinbase Commerce section of their Help site, which only applies to merchants. They have a non-custodial version of Coinbase Commerce so the minimum withdrawal on this service would be whatever is the minimum amount you can send on the Bitcoin network which is usually a few cents. As far as their exchange goes I no longer have an account there but the minimum withdrawal is certainly more than $1. I believe it used to be 0.005 BTC a few years ago.

un_rank

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- Jay -

Quote from: NotATether on July 04, 2023, 03:44:31 AM

How did that happen? Does Coinbase have a minimum withdrawal amount or similar? What's the withdrawal fee you had to pay for this?

"Yes, but the minimum is small to ensure you always have access to your funds. These minimums fluctuate with exchange rates, but are generally under $0.10."^[1]
The fees could add up and take the amount over $1.

This does not account for the fact that there is no proof of the transaction, it should show up in the transaction history.

[1] https://help.coinbase.com/en/commerce/getting-started/withdrawals

- Jay -

NotATether

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Quote from: Freedom4All on July 03, 2023, 03:44:44 AM

I noticed.

I tried to send from Coinbase $1 in BTC to my Wasabi Wallet.
It just vanished. No trace, no TXID. Things changed.

How did that happen? Does Coinbase have a minimum withdrawal amount or similar? What's the withdrawal fee you had to pay for this?

$1 is quite a small amount to be sending across the BTC mainnet especially in the post-BRC20 fees world, so it is probably better to withdraw such small values using the Lightning Network if at all possible.

Not that I think Coinbase supports LN withdrawals, but I guess such is the world we live in.

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Quote from: tranthidung on July 01, 2023, 06:35:02 PM

Bitcoin Q&A: Blacklists, Taint, and Wallet Fingerprinting

I respectfully stand before Andreas, although I must say that his proposal is remarkably stupid. Aside from the fact that he's buying the taint nonsense, he completely misses the point of tainting happening arbitrarily. For example, in 3:27 he tells coinjoin users to do K+1 transactions to themselves, because the exchange will look at the K most recent. First of all, that implies you're okay with the company treating the currency as non-fungible (which you shouldn't be), and second, no exchange will ever tell you what's K because that would allow everyone to "clean" their coins, which can't happen as the purpose of taint is to grant the exchange the power to determine the identity of each coin.

Freedom4All

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I noticed.

I tried to send from Coinbase $1 in BTC to my Wasabi Wallet.
It just vanished. No trace, no TXID. Things changed.

witcher_sense

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Quote from: Freedom4All on July 02, 2023, 08:32:34 AM

This was very helpful. Thank you so much all!
Not very long ago it was never a problem but after reading various topics here this question came up to me and needed the answer.
So I conclude: Open a fresh new wallet. Check very well it is not version 2 or if it is, check very well CoinJoin is OFF.

The main problem with Wasabi Wallet 2.0 is that users retain control over the coins themselves, but lose the ability to decide which actions to perform with them or what information to share with third parties. Auto-CoinJoin, the absence of proper coin control, and information leakage through connecting to external blockchain analysis API make it impossible for a user to avoid troubles with centralized exchanges since those illegal coins filtering mechanisms greatly harm fungibility and make Bitcoin less suitable for everyday transactions. If you have a seed phrase for your wallet stored somewhere, it is better to export it to another wallet like Sparrow or Electrum, recreate all address labels, and carefully send coins to Coinbase. You need to label the addresses you control to be able to distinguish between those connected to your real identity and those that aren't. If you only have an encrypted backup of Wasabi Wallet, then the only option is to send coins to another wallet via Bitcoin Network: in this case, it is better to send all UTXOs one by one to separate addresses so that an external observer can't apply common input ownership heuristic.

Freedom4All

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This was very helpful. Thank you so much all!
Not very long ago it was never a problem but after reading various topics here this question came up to me and needed the answer.

So I conclude: Open a fresh new wallet. Check very well it is not version 2 or if it is, check very well CoinJoin is OFF.

ABCbits

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If you use Wasabi Wallet version 2, take note CoinJoin now happen automatically. If you didn't disable it manually before the wallet receive coin, it's possible your coin already went through CoinJoin probably without you knowing.

Quote from: ranochigo on July 01, 2023, 12:11:44 AM

Yes, but with a caveat.

Coinbase has always been known to intentionally mark and restrict transactions associated with gambling sites, illicit marketplace and anything in that category. They also openly deduce and blacklist CoinJoin transactions which Wasabi is able to do. If you use CoinJoin, you can potentially run the risk of that happening. You can have plausible deniability if you use another wallet before that and argue that the CoinJoin isn't related to you.

And while other exchange usually isn't as strict as CoinBase, deposit mixed/coinjoined still lead to trouble (e.g. account frozen, asking privacy invasive question). OP should using P2P or decentralized exchange instead if he don't mind lower volume and sometimes less favorable exchange rate.

tranthidung

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It is risky to transfer your coins after using a Coin Join transaction or a Mixing service. Gambling sites, exchanges always do have techniques to detect tainted coins from such process. Strictly said, likely most of bitcoin are tainted after many used UTXOs in the past so far if we don't use criteria how many past UTXOs will be considered for a definition of tainted coin.

Fortunately exchanges, gambling sites don't trace to far into the past to find tainted coins.

Bitcoin Q&A: Blacklists, Taint, and Wallet Fingerprinting

Careful if you want to send your 'tainted' coin (after CoinJoin, Mixing) to a centralized platform. Don't send all your coins to them in one transaction but if your first transaction does not bring issue (account freeze etc.), it does not mean later transactions will be good.

Z-tight

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If you want to use Wasabi because of their CoinJoin feature and for your privacy, it is important that you know there is zero privacy when you use Wasabi's CoinJoin feature, they work with a blockchain surveillance company to spy on your UTXO before either allowing you or not to use their CoinJoin. So if your purpose is privacy, use other options like Joinmarket or use Whirlpool through Sparrow wallet.

Coinbase like every other centralized exchange are pro-censorship, so they can always flag your coins as tainted because it came from CoinJoin a transaction and they can confiscate your funds, for that not to happen you have to use a decentralized exchange like Bisq to trade your coins without a third party spying on you and your UTXO. But if you decide to use Coinbase, do not send UTXO that are from CoinJoin transactions to avoid losing your money.

BitMaxz

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If you use the service Coinjoin on Wasabi there is a big risk that you can get tainted BTC so there is a potential risk if you send it to Coinbase they might freeze your account if they found that you use a CoinJoin service.

They know how to determine a transaction if you use CoinJoin read this Blockchain Analytics is Tricky at Scale

If you didn't use CoinJoin I think you are safe but it would be safer if you switch to another wallet like Electrum or sweep the private key to Electrum before you send it to CoinBase.

ranochigo

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Yes, but with a caveat.

Coinbase has always been known to intentionally mark and restrict transactions associated with gambling sites, illicit marketplace and anything in that category. They also openly deduce and blacklist CoinJoin transactions which Wasabi is able to do. If you use CoinJoin, you can potentially run the risk of that happening. You can have plausible deniability if you use another wallet before that and argue that the CoinJoin isn't related to you.

If you choose to use Wasabi without CoinJoin, you can send it to CoinBase without any problems, so long as CoinJoin is not used with your transaction/addresses. It'll just look like any other transactions.

Freedom4All

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Hi.

If I have bitcoins in Wasabi but I want to use a part from my fund legally in the open and send them from Wasabi to Coinbase.

Is that still possible and can I withdraw the money without any problems?

Forgive me if this is a stupid question. I am way behind.

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