What's the most anonymous way to own bitcoin? - page 4.

seoincorporation

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Quote from: xenon131 on March 20, 2021, 10:34:08 AM

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I think the most anonymous way is solo-mining. As to exchanges - there are those which don't require KYC. So if you have the skills to remain anonymous while being online your bought bitcoin will be exactly the same. p2p is arguable for me as one can get bitcoin with "dirty" history.

Solo-mining will give fresh and untraceable coins, I'm with you about this as the most anonymous way, but if the coins are old with a big history you can always use a mixer service to put them on an untraceable wallet.

If OP uses Monero and a exchange, the coins still traceable because the exchange register the operation even if the Monero Blockchain hides all the information, the exchange will have a user, mail, and IP for that transaction, so, that way isn't anonymous at all.

aoluain

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A few ideas,

Buy a hardware wallet and get it sent to a Post Office Box or similar so that only
a name and not a residential address is known.

Buy Bitcoin either with PayPal funds, P2P and/or Bitcoin ATM, ok fees will be an
issue but it could be a compromise for anonymity?

mezzaluna

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★Bitvest.io★ Play Plinko or Invest!

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?

I was gonna say that I know there are two ways to earn Cryptocurrencies anonymously and that is through Mining and claiming them in Faucets. I know its one of the earliest way to earn Cryptocurrencies but because you are doing it alone, nobody knows that you are earning them and creating a mining rig is very profitable if done right. Faucets are becoming obsolete this days but if you are down to do things with repetition, you can find ways to do it by yourself and I believe that is a way to earn Crypto's anonymously.

btcsmlcmnr

full member

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Use truly DEX marketplaces to help you buy bitcoin anonymously
https://hodlhodl.com/
https://bisq.network/

Furthermore, you need use Wasabi wallet to help you stay anonymous: https://wasabiwallet.io/. This wallet connect to Tor and has Coin Join transactions.

BlackHatCoiner

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Farewell, Leo

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

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.

Why don't you skip the first part then? Why don't you just buy monero and then convert it to bitcoin? (If you're able of buying monero of course)

But there's a better way to anonymize your bitcoins. Mix them! I don't believe that there's a better way than CoinJoining them with max anonymity and then sending them to a high rated mixer. You leave the least footprints you can leave. The best thing you should do next, after you've mixed them, is to never leave any footprints. A footprint can be an address search on a block explorer, where you're revealing that you want to know the balance of that address to the block explorer and to your ISP. Another example of footprint is importing the address to an SPV wallet (like electrum). In that case, you reveal your address on the electrum server(s) you're connected. Running a bitcoin node covers that part.

yat97

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Quote from: ranochigo on March 20, 2021, 10:32:58 AM

I'll probably just skip the exchange.

Converting your Bitcoins to altcoins is usually done through an intermediary, usually an exchange which has to collect data for KYC/AML purposes. Even if you use Monero, you'll still have to convert it to Bitcoin at some point which would be through an exchange.

Instead, I'll use a P2P method (slightly more risky but way more privacy) and skip the whole exchange part. Just use a mixer or CoinJoin to break/obfuscate the link and you'll be better.

I'm thinking like on the safepal wallet. You can exchange crypto there, but there is no KYC.

xenon131

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Nihil impunitum

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?

I think the most anonymous way is solo-mining. As to exchanges - there are those which don't require KYC. So if you have the skills to remain anonymous while being online your bought bitcoin will be exactly the same. p2p is arguable for me as one can get bitcoin with "dirty" history.

ranochigo

legendary

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Crypto Swap Exchange

I'll probably just skip the exchange.

Converting your Bitcoins to altcoins is usually done through an intermediary, usually an exchange which has to collect data for KYC/AML purposes. Even if you use Monero, you'll still have to convert it to Bitcoin at some point which would be through an exchange.

Instead, I'll use a P2P method (slightly more risky but way more privacy) and skip the whole exchange part. Just use a mixer or CoinJoin to break/obfuscate the link and you'll be better.

yat97

member

Activity: 173

Merit: 20

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?

Topic: What's the most anonymous way to own bitcoin? - page 4. (Read 681 times)