Topic: What's the most anonymous way to own bitcoin? - page 2. (Read 681 times)

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.

This is the best way I think to own bitcoin anonymously but I don't think that it is necessary to do that unless you are running away from something, I mean if you reason that it is for privacy purposes, I would only believe that if you are off the grid and your name doesn't come out of the registry in your country which is going to be difficult especially if you were born in a hospital or you have applied for a job and if you do so then the chances that your important details are already out there.

I still don't understand what you are really asking here 'lol'...
you asked 'the most anonymous way to own bitcoin?' but why want to change it to Monero, do you mean to be anonymous? If you want to be an anonymous Bitcoin owner then you have to buy Bitcoin on a decentralized p2p exchange then store your Bitcoin in a non-custodian wallet like Electrum. cmiiw

As many other members have mentioned in this thread, Coin Mixing sab coin joining is the safest and most anonymous way to have privacy when transacting using bitcoin. Bitcoin is not completely anonymous, bitcoin transactions made will still be detected and can be traced to where the asset will end. But by using Coin mixing or coin joining, the transaction will be split and mixed with thousands of existing transactions and it will be difficult to trace.

However, some of the disadvantages that Coinmixing or coinjoining have are if the participant's transactions are still few and it is very easy to trace, but if there are many participant transactions that reach thousands then it will be very difficult.

Most anonymous way to own Bitcoin is if you mine it yourself with a miner and you never connect that address with your identity.

You can use websites like Chipmixer to mix your Bitcoin with other people, and using some p2p trading would also be good or decentralized exchanges like Bisq.

You lost all your anonymity the moment you touch your address with your bank account or with kyc documentation on exchanges.

Buy Bitcoin to the exchanger that doesn't ask KYC, then use mixer services to finally send it to your controlled wallet for a long-term holding. I believe nobody could trace you.

But I'm just to wonder why we have to do that? Why we should have to keep anonymous all the time? Are we afraid that someone knows who we are or hackers will never attack us? Maybe it was a big concern for you OP but for me, as long as my wallet keys are safe, I don't need to have that anonymous anymore.

You can buy btc in binance even without Kyc, though there is a limit to buy and withdraw but not doing kyc will serve as an anonymous transaction. Or if you are familiar with bitcoin mixer so you should not be worry with your identification and without the hassle of exchanging it into other coins, then it is better.

I don't think exchanging it into different coins and then back to bitcoin is untraceable but as I suggested, you can consider the btc mixer.

Bitcoin is not anonymous, but rather pseudo-anonymous - most veterans of the Bitcoin community know this. However, most people do not understand why Bitcoin cannot be called anonymous and how a Bitcoin user can be identified - and what can be done to prevent this from happening.

There are three main ways to reveal the identity of Bitcoin users.

First of all, although transactions are randomly transmitted over a P2P network, this system is not completely sealed. If an attacker, for example, has the ability to connect multiple nodes to the Bitcoin network, the information they collect may be enough to determine the source of a particular transaction.

Secondly, a Bitcoin address can be associated with specific people if their personal information was somehow associated with such a Bitcoin address. This includes addresses used for deposits or withdrawals from a regulated exchange or wallet, publicly available donation addresses, or simply addresses used to send bitcoins using personal information (for example, an online store payment).

But most importantly, all transactions on the Bitcoin network are completely transparent to anyone interested. This allows multiple Bitcoin addresses to be linked and assigned to a specific user. Thus, if only one of these linked addresses is tied to a specific person in one of the ways described above, all addresses will be de-anonymized.

If you really want to be anonymous in some way in order to own or earn a bitcoin is just buy a bitcoin then send it to another wallet by using bitcoin mixer so that the address will not be able to trace then send it back to your main and own wallet. Another thing is that coinbase. Coinbase is producing a multi address wallet in which you can use and chance different address in order for you to be not trackable. Today I am using both so that my anonymity will be unknown always.

I go with the Mixers since it's easy to use and no hassle or whatsoever and I prefer the one that has been there for a long time and that has some good reviews from its user. I think the OP way is quite good as well because you completely hide if you do that step but for me, I don't mind using some Bitcoin Mixers or Blenders if I wanted to move my BTC. especially those people who are holding lots of BTC in their wallets because they won't know that they might be watch and their transaction is being traced in the dark.

You could face some problems depending how much Bitcoin you're buying from exchanges, most exchanges need you to complete KYC if you are withdrawing more than 2BTC per day, but if the amount is lower than that you can just buy from one of the centralized ones and then withdraw BTC to your personal wallet.

One of the most decentralized ways of buying/trading Bitcoin without having to deal with centralized exchanges is to buy Wbtc which is basically Bitcoin on ethereum network, that way not only you can hold your Bitcoin in your own Ethereum wallet, you can also trade it whenever you want on one of the decentralized platforms like Uniswap but the fees for ethereum network are really high at the moment so if you're buying/trading less than ~$3k it's not a very optimal solution.

One other way is to buy from trusted exchangers that do not require any KYC or even registration in some cases but almost all of them have higher fees comparing to exchanges, around 1% of what the total transaction is worth, you can check https://www.bestchange.com/ for the list of the exchangers, but make sure your read users reviews and do a little test buy with smaller amount first.

Mining is correct, but how easy is to mine this days than in the past? Am a total -Newbie- at mine but every know it's rigorous right now, mining and the competition, money required for power/energy makes it a discouraging source to earn bitcoin in anonymity, and I can choose to be anonymous for my own many reasons, protection/privacy is one.

Actually, you don't need to convert your Bitcoin to monero just for it to be anonymous. You could have just use a mixer, or perhaps a P2P (which is kinda risky to deal with), buying on exchanges that do not require KYC like DEX would also be an option. Converting your Bitcoin to monero back into Bitcoin again, I think that process alone would spend a pretty decent amount of fee so you don't want to do that unless you are okay with it.So yeah just like what the majority saying mixer service could perfectly fit your case.

The most anonymous way to own bitcoin is to not put it on an exchange! Make a anonymous wallet, go to an BTC machine to swap Fiat for BTC, keep the BTC on hardware wallet.   Reverse the proces if you wanna swap BTC for fiat again.

Exchange?
Well I believe they're putting up KYC policies so that's not so anonymous.
You'll need to use a mixer, just like what majority mentioned in here.
Avoid online wallets as much as you can if you're still aiming for anonymity.

exchanges will ask for KYC which makes you not anonymous already.

what you can do is buy BTC from someone outside the exchanges like from someone here in the forum through the exchange subforum.  there are however many scammers there which you just have to pick which and who is reputable enough to deal with who are selling their BTC for PayPal. after you have some BTC already, you can then trade on DEX which makes you anonymous while trading.

For all I know since I was trading, the only way to anonymise Bitcoin is if you mined it or have claimednit using faucets which is not that productive anymore. I haven’t seen any decent faucets nowadays and you have to spend a lot to mine the amount of Bitcoin you want to accumulate.

Fees aren't that much before because the price of bitcoin wasn't that high.

But this time, we will think about it first if you want to set into higher anonymity using wasabi's coinjoin. And either of two, chipmixer and wasabi's coinjoin.

Both are the best choices to add more anonymity for our tx's.

I think it's kind of a waste of money to actually buy Bitcoin then convert to Monero then convert to Bitcoin again. You could just buy Monero instead then convert it to Bitcoin instead, in that way you could own a Bitcoin then use a mixer to really stay anonymous. But the truth is you are not actually totally anonymous since your Bitcoin is still written on the blockchain, thus your Bitcoin wallet address could be available everywhere if someone knew your Bitcoin wallet address.

Thanks for the reccomendation on the mixer service. I'll def look into that.

I'm still slightly confused on converting from bitcoin to monero, and sending monero to an address, if you convert with the wallet, like safepal has an exchange thing on there. No need to give any sort of info about yourself. you receive monero, then convert to bitcoin that has a new address. you guys are saying the original exchange where you bought bitcoin and converted to monero, can see where you sent the monero? I thought anything past the receiving address of monero can't be seen? Not sure.

I'll check the mixer, maybe it will be cheaper than all the sending and converting transaction fees.