Author

Topic: WBTC to BTC create anonimous BTC? (Read 68 times)

legendary
Activity: 2212
Merit: 5622
Non-custodial BTC Wallet
February 15, 2021, 11:40:48 AM
#2
Can any trace my ETH address where WBTC was stored from new BTC address?

Thank you.

It is possible if you use an exchange or swap service.


You have some BTC address A which you told the exchange/swap that it is yours. Then you send them your Ethereum address B which contains  WBTC. Ethereum is terrible for privacy, as it is not that easy to generate new addresses.

As you shared your address A and B with them, they know you have some ethereum, wbtc and your btc address.

If they know, they can share this information.

However, if you make a p2p transaction without third party, you have some privacy. But not as easy to find someone to trade with safety...

The best alternative is to send your bitcoin from address A to a bitcoin mixer or coinjoin, so you can get new coins which are not attached with your history.
jr. member
Activity: 76
Merit: 1
February 15, 2021, 03:32:19 AM
#1
Hi,

for example, I have 1WBTC and go to Curve.fi to set it as input, then, a new BTC address as output.
If everything is ok I will have 0.99817926 BTC into a new BTC address.

Can any trace my ETH address where WBTC was stored from new BTC address?

Thank you.

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