What's the most anonymous way to own bitcoin?

UserU

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Quote from: bryant.coleman on March 28, 2021, 08:00:34 AM

On top of that I have heard that every now and then they pass the information regarding their users to the tax authorities. So think twice before undergoing KYC process in LocalBitcoins. Mining is an attractive option, but you need a lot of capital for that.

Electricity, heat and the mining machine you have to invest in. Would not be hardly viable for individuals especially with limited room space and ventilation.

Only mining farms would continue to profit from this.

Lordhermes

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Quote from: galestorm on March 28, 2021, 03:02:21 AM

LocalBitcoins are a peer-to-peer platform, meaning that they allow buyers and sellers to trade directly. As a result, it is possible to trade anonymously.

Do you know how much op want to trade in the peer to peer exchange? Do to you know if he's trying to buy amount of btc that would require KYC and that's non anonymous to say,

Quote from: galestorm on March 28, 2021, 03:02:21 AM

Once you have completed a trade on LocalBitcoins, you can then transfer your coins to an anonymous Bitcoin wallet.

There's nothing like anonymous bitcoin wallet, every Bitcoin balance is transparent, so long as your coin is in bitcoin, it's no longer anonymous.

bryant.coleman

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Quote from: galestorm on March 28, 2021, 03:02:21 AM

There are two ways to secure your identity, one is through mining, the other is through LocalBitcoins. LocalBitcoins are a peer-to-peer platform, meaning that they allow buyers and sellers to trade directly. As a result, it is possible to trade anonymously. Once you have completed a trade on LocalBitcoins, you can then transfer your coins to an anonymous Bitcoin wallet. Mining, as we all know requires a lot of energy but you'll receive bitcoins directly. I personally believe that there is no true anonimity when it comes to crypto since you will be swapping or exchanging coins one way or another which requires your wallet address or sometimes your information.

Localbitcoins used to be an anonymous way to purchase Bitcoins and I got my first BTC in 2012 using LBTC. But times have changed and nowadays they have very strict KYC requirements. On top of that I have heard that every now and then they pass the information regarding their users to the tax authorities. So think twice before undergoing KYC process in LocalBitcoins. Mining is an attractive option, but you need a lot of capital for that.

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There are two ways to secure your identity, one is through mining, the other is through LocalBitcoins. LocalBitcoins are a peer-to-peer platform, meaning that they allow buyers and sellers to trade directly. As a result, it is possible to trade anonymously. Once you have completed a trade on LocalBitcoins, you can then transfer your coins to an anonymous Bitcoin wallet. Mining, as we all know requires a lot of energy but you'll receive bitcoins directly. I personally believe that there is no true anonimity when it comes to crypto since you will be swapping or exchanging coins one way or another which requires your wallet address or sometimes your information.

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Quote from: yat97 on March 20, 2021, 10:25:17 AM

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

This is what My friend doing to keep him anonymous for long time . but eventually he accepted that there is no permanently anonymity here in crypto.
because one way or another? we will reveal ourselves for a certain reason.

Quote

Is that basically a way to anonimize your bitcoin? If you buy from most exchanges, they have your info. But once it goes through monero, no one can see anything about where it goes. So when it's traded for bitcoin on your wallet, that could have came from anywhere. There isn't really a way to say where those funds came from right?

Trust me mate , If you go long time here , you will accept the fact that when talking about Money , there is no permanent anonymity .

Josefjix

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Bitcoin was protecting data of its users through privacy untill government and Centralised exchanges introduced the use of KYC. KYC is not even required by some exchanges if you're withdrawing less than 2 BTC per day in most cases. The only way to stay anonymous through bitcoin transaction is to use mixers or DEX and P2P though very risky.

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Not all the exchanges have the KYC requirements (especially for lower amounts). But when you deposit fiat cash in to your exchange account, it creates a trail. You can go for P2P platforms, where the communication between buyer and seller are encrypted. You need to deposit cash in to seller's bank account and he will transfer BTC to your account. In this method, if you directly go to a cash deposit machine and make the deposit, then the entire process will be 100% anonymous. On the other hand, if you make the bank transfer online, again it leaves a trail.

mazdafunsun

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In order for this to work, you should use exchange which is shady - unregulated and do not gather your data. Even if they say that they dont gather your data, do not request your id, they can lie and ask for it anyway. Also these kind of exchanges are dangerous, they can easily freeze your funds and steal them.

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There are several ways to buy Bitcoin without anyone knowing. There are several Apps that you can buy it. These Apps doesn't need your information. It just your backup pass phrase; you are there.

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Quote from: StartupAnalyst on March 27, 2021, 01:56:39 AM

The most anonymous way today (but not the most quick and cheap) is to buy mining rig or several videocards and to put them to mine BTC then you’ll get coins directly on your wallet. In such way you’ll be totally anonymous until the day you would decide to withdraw your cryptocoins through crypto exchange market to get some fiat money.

In this case, the mining installation must be installed somewhere in a place inaccessible to humans. Doesn't the consumption of electricity, that is, a large amount of it, give out the miner?
It seems to me that today there are still no such obstacles to purchase bitcoins anonymously and subsequently use mixers.

StartupAnalyst

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The most anonymous way today (but not the most quick and cheap) is to buy mining rig or several videocards and to put them to mine BTC then you’ll get coins directly on your wallet. In such way you’ll be totally anonymous until the day you would decide to withdraw your cryptocoins through crypto exchange market to get some fiat money.

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Quote from: yat97 on March 20, 2021, 10:25:17 AM

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

Is that basically a way to anonimize your bitcoin? If you buy from most exchanges, they have your info. But once it goes through monero, no one can see anything about where it goes. So when it's traded for bitcoin on your wallet, that could have came from anywhere. There isn't really a way to say where those funds came from right?

If you just want to clean it then it wouldn't need to be on monero it could be any alt-coin or you could just simply use a mixer to do it.
If you want you could also try some crypto exchange that swaps automatically changenow.io buy any alt-coin from any exchange then use changenow to convert it to BTC and receive directly to your chosen BTC wallet.

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Quote from: BitcoinGirl.Club on March 26, 2021, 10:12:12 AM

Quote from: ?? on ??

I deposited 19.638 BTC in chipmixer and it's fully confirmed.
But it's still in "Waiting" status. Did I lose my money?
I sent email to [email protected] but no reply. What can I do next?

Instead of quoting you can PM user ChipMixer.

You may need the session ID and remember the session ID is valid for 7 days I guess. Anyway, contact with chipmixer.

This issue has been resolved. ChipMixer is excellent service.

BitcoinGirl.Club

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Quote from: ?? on ??

I deposited 19.638 BTC in chipmixer and it's fully confirmed.
But it's still in "Waiting" status. Did I lose my money?
I sent email to [email protected] but no reply. What can I do next?

Instead of quoting you can PM user ChipMixer.

You may need the session ID and remember the session ID is valid for 7 days I guess. Anyway, contact with chipmixer.

goldade

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Quote from: yat97 on March 20, 2021, 10:25:17 AM

Is this the most anonymous way? Buy bitcoin from any exchange. Convert it to monero, send monero to a wallet, and from the wallet swap or exchange it for bitcoin?

Is that basically a way to anonimize your bitcoin? If you buy from most exchanges, they have your info. But once it goes through monero, no one can see anything about where it goes. So when it's traded for bitcoin on your wallet, that could have came from anywhere. There isn't really a way to say where those funds came from right?

There is no way you'd do this without going through an exchange. Even if you convert it to Monero from an exchange, you'd still need an exchange to convert it back to bitcoin.
personally, I do think that the most anonymous way of buying bitcoin is P2P, Peer to Peer. There is no need to register on an exchange for this which means no one is collecting your data. All you need is to find someone who is willing to sell coins, calculate its equivalence in whatever fiat currency you're using to make the transaction, and then send your wallet address to the person and you pay up in cash.
This is practically the most anonymous way to buy bitcoin as there is no exchange of data.

20kevin20

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Quote from: zanezane on March 26, 2021, 05:00:45 AM

Most of the replies already answered the question which is using a bitcoin mixer or a tumbler to mix or clean your coins and make it untraceable in a way. Another thing that you can do to own a bitcoin with a degree of anonymity is you have to stop talking about it because once you talk about owning it then it is already known to the people around you that you are owning a bitcoin.

Mixing pretty much taints the coins more than cleaning them. To exchanges and services, "tainted" means coins that have a suspicious history behind. Cleaning your coins is quite hard, so is making them untraceable. Mixing and coinjoining is usually considered tainting.

Talking about you owning BTC leaks as much information as owning XMR or fiat does. All you're telling is that you own some coins - nobody knows how many and where they are currently sitting.

zanezane

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Most of the replies already answered the question which is using a bitcoin mixer or a tumbler to mix or clean your coins and make it untraceable in a way. Another thing that you can do to own a bitcoin with a degree of anonymity is you have to stop talking about it because once you talk about owning it then it is already known to the people around you that you are owning a bitcoin.

ChipMixer

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Quote from: TribalBob on March 25, 2021, 05:42:31 PM

chipmixer, is it some kind of chip for gaming? or what?

Not for gaming but analogy is correct. Chip like casino chip. You trade banknote marked by serial number for non marked casino chip. Then you trade casino chip for another banknote making your transaction non visible at blockchain.

Quote from: ChipMixer on May 26, 2017, 05:01:37 PM

ChipMixer creates Bitcoin addresses (chips) and funds them with specific sizes. There are chips with 0.001 BTC, 0.002 BTC, 0.004 BTC and so on till 4.096 BTC. When you deposit your Bitcoins, you receive same amount in chips. For example you deposit 0.112 BTC and you receive 0.064 + 0.032 + 0.016. Each chip was funded before your deposit, so there is no link between them and your deposit on blockchain. They are already anonymous. With each chip, you receive its private key, so you can spend them any time you want.

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Quote from: LittleBitFunny on March 20, 2021, 03:51:11 PM

I'm sure op is not asking about mining, he is asked how anyone can get BTC stayed as anonymous, It is not possible for everyone who wants to remain anonymous to start mining Bitcoin.
The simplest way is buy Bitcoin and use a mixer to mix your coin. If you use Chipmixer then they will give you an equivalent amount of chips before you make your deposit, so you will able to stay anonymous cause no one will find the relation between your chips and deposits.

chipmixer, is it some kind of chip for gaming? or what? all I know is getting bitcoin and being anonymous just from fucet, nothing more. but many people and make bitcoin purchases to be anonymous I think buying via p2p by buying other coins and changing to bitcoin, sorry if I'm wrong

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Quote from: BitcoinGirl.Club on March 25, 2021, 02:08:59 PM

Quote from: livingfree on March 21, 2021, 06:52:38 PM

And either of two, chipmixer and wasabi's coinjoin.

Chipmixer is cheaper than Wasabi.

Maybe first Chipmixer and then use lower anonymity in Wasabi for the mixed coins. This way at least you can save some by not using the higher anonymity but still you get your chain broken by two mixers which is makes your coin more anonymous.

That's a method that anyone can do if he's not satisfied that he just used one of it.

But for me any of them with just a single just would be enough unless you're fine with the fees. The fee may not that be much for higher transactions but as bitcoin soars, the fees are somehow becoming considerably high.

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