You guys do know that Uniswap is on Ethereum and there is no such thing as coin taint there right?
You can only get taint from linking directly to bad addresses but unlike Bitcoin, you do not have inputs or coins that travel in a journey,,, Ethereum does not use input system, it just changed the balance on your address.
So no DEX will give you tainted coins unless the DEX contract itself is marked as a bad one.
Topic: Uniswap: Tainted coins risk? (Read 102 times)
Nope. The tokens you buy are withdrawn from liquidity thanks to a smart contract command which means it can't be identified with certainty that you'll get tainted tokens. Unless, you previously dealt with a tainted address like this without a rest address, then it is possible that your tokens next to your address will be tainted (some people won't even notice).
Does this mean I am not likely to receive tainted coin however this is also possible. Because coins have their input all the time and available on the explorer. No matter what, isn't it the case?But receiver can create a point that he received it from liquidity pool?
Nor am I gonna convince you that the liquidity pool will be able to "clean up" existing token transactions if it consists of only a few liquidity providers and most of the pool comes from tainted addresses. This description only applies if the token has reached a high volume of liquidity and abundant providers
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Nope. The tokens you buy are withdrawn from liquidity thanks to a smart contract command which means it can't be identified with certainty that you'll get tainted tokens. Unless, you previously dealt with a tainted address like this without a rest address, then it is possible that your tokens next to your address will be tainted (some people won't even notice).
Does this mean I am not likely to receive tainted coin however this is also possible. Because coins have their input all the time and available on the explorer. No matter what, isn't it the case?But receiver can create a point that he received it from liquidity pool?
So if I understood this perfectly it wouldn't matter what coins I get aslong I haven't made previous transaction that could link me to those coins. And if I get these coins that I haven't been associated in the past then i'm fine even if they actually are tainted. I then can send it to my cex like binance and nothing will happen.
Did I get it right?
In your case, you got those tokens via DEX (uniswap) where a bunch of tokens either clean or tainted tokens have been mixed up in liquidity making it harder to identify.
CEX won't pay much attention to the origin of small transactions. All you need to pay attention to is the deposit and withdrawal limits.
This could be tainted and be careful with this kind of token or coin. There are a trick called dusting attack that will make scammer able to steal your asset.
I think that the only best way to trace the party who created such token. This to make sure if the party who has been issuing it has a very good reputation.
That's the only way for you to kno whether that token has ever been used for the bad thing or not. There are bunch of scam tokens these days being airdropped by scammers. Some of these tokens were trap tokens.
You must be careful and always try to make sure if it was coming from the reliable party.
I think that the only best way to trace the party who created such token. This to make sure if the party who has been issuing it has a very good reputation.
That's the only way for you to kno whether that token has ever been used for the bad thing or not. There are bunch of scam tokens these days being airdropped by scammers. Some of these tokens were trap tokens.
You must be careful and always try to make sure if it was coming from the reliable party.
Thank you for the reply. So how should I go about sending my dex coins to my cex like binance or should I just avoid doing so?
But all tokens n Ethereum and Binance smart chain networks aren't listed on centralized exchanges so at one point you will have no choice but to use swaps. Yes there is a risk of receiving tinted coins but I don't think that risk is high. Nope. The tokens you buy are withdrawn from liquidity thanks to a smart contract command which means it can't be identified with certainty that you'll get tainted tokens. Unless, you previously dealt with a tainted address like this without a rest address, then it is possible that your tokens next to your address will be tainted (some people won't even notice).
Thank you for the reply. So how should I go about sending my dex coins to my cex like binance or should I just avoid doing so?
If your level of skepticism is very high, so yeah you can avoid cex. But if it were me, I wouldn't find it worrying me.
Thank you for the reply. So how should I go about sending my dex coins to my cex like binance or should I just avoid doing so?
If your level of skepticism is very high, so yeah you can avoid cex. But if it were me, I wouldn't find it worrying me.
So if I understood this perfectly it wouldn't matter what coins I get aslong I haven't made previous transaction that could link me to those coins. And if I get these coins that I haven't been associated in the past then i'm fine even if they actually are tainted. I then can send it to my cex like binance and nothing will happen.
Did I get it right?
Nope. The tokens you buy are withdrawn from liquidity thanks to a smart contract command which means it can't be identified with certainty that you'll get tainted tokens. Unless, you previously dealt with a tainted address like this without a rest address, then it is possible that your tokens next to your address will be tainted (some people won't even notice).
Thank you for the reply. So how should I go about sending my dex coins to my cex like binance or should I just avoid doing so?
If your level of skepticism is very high, so yeah you can avoid cex. But if it were me, I wouldn't find it worrying me.
Thank you for the reply. So how should I go about sending my dex coins to my cex like binance or should I just avoid doing so?
If your level of skepticism is very high, so yeah you can avoid cex. But if it were me, I wouldn't find it worrying me.
I want to use uniswap to buy and sell but I was wondering If the coins I could be exchanging to could be tainted (used for malicious reasons). How do I know that it is not? Or better, what is the best practise to use this properly?
Any help is appreciated.
Any help is appreciated.
It's a real problem as i can see. Especially with tokens.
I don't know if tainted addresses (containing tainted tokens) are not restricted from using decentralized exchanges. Personally, i don't think so.
Also i don't think that it's a big issue to buy tainted tokens from DEXs because the sender address (tainted one) will always be tainted as he will receive the equivalent of the dirty tokens in the same address.
Otherwise, you have no other options but to use P2P exchanges or centralized ones which i don't recommend.
Thank you for the reply. So how should I go about sending my dex coins to my cex like binance or should I just avoid doing so?
I want to use uniswap to buy and sell but I was wondering If the coins I could be exchanging to could be tainted (used for malicious reasons). How do I know that it is not? Or better, what is the best practise to use this properly?
Any help is appreciated.
Any help is appreciated.
It's a real problem as i can see. Especially with tokens.
I don't know if tainted addresses (containing tainted tokens) are not restricted from using decentralized exchanges. Personally, i don't think so.
Also i don't think that it's a big issue to buy tainted tokens from DEXs because the sender address (tainted one) will always be tainted as he will receive the equivalent of the dirty tokens in the same address.
Otherwise, you have no other options but to use P2P exchanges or centralized ones which i don't recommend.
I want to use uniswap to buy and sell but I was wondering If the coins I could be exchanging to could be tainted (used for malicious reasons). How do I know that it is not? Or better, what is the best practise to use this properly?
Any help is appreciated.
Any help is appreciated.
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