Pages:
Author

Topic: Why Mixing Bitcoin?? - page 2. (Read 459 times)

sr. member
Activity: 806
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
October 21, 2019, 10:37:13 AM
#25
Using mixers is just another option. It isn't bad after all. Mixers fill the gap on bitcoin anonymity. So basically there is no need for other coins to use because in bitcoin you can end your tracks with these mixers. Autocratic governments will be more against bitcoin when these mixers becomes a crypto trend. 
 
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
October 21, 2019, 10:20:55 AM
#24
When its mask transactions assume that some of these transactions are malicious, and were pretty sure we know whats going on there. In my opinion these undocumented bitcoin transactions are probably involved in illegal activities, money laundering or can be used by rogue nation to avoid sanctions.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
October 21, 2019, 09:45:27 AM
#23
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.

Improved Anonymity is another reason why people mix their coins. I believe the mixed coins can be used peer-to-peer without providing ones real name. You can safely do peer-to-peer transactions with fellow countrymen within thesame country
Bitcoin transaction isn't really anonymous, that is probably why lots of people use mixers. Privacy/anonymity is legal in many countries as far as I can tell
sr. member
Activity: 1008
Merit: 355
October 21, 2019, 09:05:50 AM
#22
To become anonymous and that's why many are using coin mixing services. You know that's the main purpose of bitcoin mixers and the reason should be attached there for each of its users. And as for mixing services, be careful with it too because some new coin mixing services are there to scam people. If you want to use a bitcoin mixer, use only the reliable ones like chipmixer.

That traceability factor is the reason why many (got no statistics for this) are availing and paying mixing services from reputable providers so that their transactions can't be traced by anyone.  I once used a mixing service in 2017 just to get the experience of it and I think it is fine for me. Actually, I am not concern with privacy since I am not involved with huge Bitcoin transactions and my county is not yet strict on collecting crypto-based taxes, that is I just used mixing service one to satisfy my curiosity. The fee is not that noticeable so maybe this is one reason why people are into blenders/mixers. My recommended mixer service provider is ChipMixer which is quite known in this forum. 
full member
Activity: 1330
Merit: 147
October 21, 2019, 09:03:00 AM
#21
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.
Can you move this thread to bitcoin discussion boar? It is not belong here IMO.

To answer your question, it seems like depend on yourself. If you have a problem with your transaction history, I mean your transaction don't want to be seen by others then the mixing service is the solution. Because sometimes I believe you will get a situation where your daily activities on cryptocurrency (bitcoin) be solicitous to secretly, yeah you deserve to use it. You may need to learn more about bitcoin mixing service, there are some threads who discuss this issue, you can the feature of search on this forum.
hero member
Activity: 1302
Merit: 577
avatar and signature space for rent !!!
October 21, 2019, 08:23:58 AM
#20
most often people do this in order to hide some dubious purchases or payment for dark services. but it’s also possible that people simply don’t want anyone to know who owns the bitcoin address
exactly there are people using it from darkweb so they can freely  buy sell things there. other reason is the funds they want to widraw is came from gambling there are country that illegal to use/play online gambling/ casino you need to use mixer so they cant tract where is the bitcoin came from.
legendary
Activity: 1890
Merit: 1003
October 21, 2019, 08:19:54 AM
#20
For cutting the tracks and making anonymous transactions BTC mixers have done an amazing job. Some exchanges don't accept the gambling site related cryptocurrency transactions and mixers come to help us at this point. The lost credibility of few BTC mixers can create unanswered questions on minds but I have never been cheated by reliable mixers like Chipmixer, Fixedfloat.
legendary
Activity: 2982
Merit: 1153
October 21, 2019, 08:19:09 AM
#19
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.

Bitcoin transaction is transparent and traceable, with the use of mixer, it is said that it  "covers" the transaction history of bitcoin when it passes the mixer.  Many use it for anonymity, privacy stuff, so that the receiving end will not detect where this Bitcoin came from.  Several online casino gamblers uses this service to cover the traces that Bitcoin came from gambling, since there are exchanges that do not accept funds from gambling casinos
sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
October 21, 2019, 08:13:30 AM
#18
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.

Anonymosity is very special to individual specially if you got a transaction that includes a huge amount of money. Erasing your identity is crucial since typically those who have transactions with huge amount of money are attention grabbing for hackers. It is safe to say that knowing the transaction itself by you and only you will take you far away from hackers. Besides, your money is secured and your life as well. Although they are cashing out the money by their real name but at least they are away from tracking in the means of sourcing out their funds or whatsoever it is.
sr. member
Activity: 1330
Merit: 326
October 21, 2019, 08:12:38 AM
#17
It's because bitcoin transactions is not completely anonymous. And in order to achieve that complete anonymous features, user may wanna use bitcoin mixers to mask the identity for different personal reasons. For them, using bitcoin mixers will protect their privacy. Identity remains a secret, if there is a dark reasons why they want to use it or not. We can't really know.

You may wanna watch this video regarding bitcoin mixers. It stated some advantage of it.



https://youtu.be/JCn2QyvLQEM
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
October 21, 2019, 07:18:11 AM
#16
To become anonymous and that's why many are using coin mixing services. You know that's the main purpose of bitcoin mixers and the reason should be attached there for each of its users.

And as for mixing services, be careful with it too because some new coin mixing services are there to scam people. If you want to use a bitcoin mixer, use only the reliable ones like chipmixer.

you didn't ready carefully he said, that when they cash out they reveal they real name, in the end, so why mixing, if you that cash to buy something that expose your identity anyway? i could understand mixing if you DON?T cash out and buy with bitcoin, but in this case it look stupid
newbie
Activity: 24
Merit: 0
October 21, 2019, 07:05:21 AM
#15
The only reason for privacy, this to protect you from tracking, i like this service.
hero member
Activity: 1470
Merit: 509
October 21, 2019, 06:47:16 AM
#14
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.
As you know, this is the best way to preserve secrecy and lose track. It can be used for legal or illegal business, but being used for illegal business does not mean that it is useless. Actually, it is our right to protect our privacy, and why not use it? Mixers are not the reason for illegal business, they just provide the service, how you use it depends on yourself.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
October 21, 2019, 06:42:42 AM
#13
You have already given one reason why people mix coins: to obfuscate the trail. Some view coin mixing as something unethical as it’s a gateway towards money laundering and other illegal stuff while ignoring the fact that Swiss bank accounts exist in plain sight. Coin mixing is just a way to further hide your identity and protect your privacy from watchful eyes and there’s nothing wrong with that.
hero member
Activity: 1666
Merit: 753
October 21, 2019, 06:11:15 AM
#12
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.

I'd suggest you do some research beforehand. Not all mixing is done to mask "questionable" transactions.

For instance, whales who wish to protect their own privacy may choose to use such mixer services. Or, people may be concerned that coins that they receive is tainted previously by someone completely unrelated to them. Mixing increases privacy, and thus increases the fungibility of BTC as a currency.

You could also try Dash/XMR/ZEC where they are anonymity centric, although the hype for these coins have died down drastically.
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
October 21, 2019, 06:07:22 AM
#11
most often people do this in order to hide some dubious purchases or payment for dark services. but it’s also possible that people simply don’t want anyone to know who owns the bitcoin address
sr. member
Activity: 1188
Merit: 251
October 21, 2019, 06:03:41 AM
#10
mixing bitcoin shipments because this is usually used for traders or businesses that often carry out online transactions that make it not easy to track, so by mixing bitcoin shipments that are done it will be difficult to know who owns the wallet and who makes transactions.
copper member
Activity: 280
Merit: 1
CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
October 21, 2019, 05:56:54 AM
#9
The method of Bitcoin mixing was created to bring more anonymity to users. If you do not want that anybody can track your transaction, you should use BTC mixer to increase the anonymity and to reduce the chances of getting tracked.
jr. member
Activity: 56
Merit: 1
October 21, 2019, 05:51:41 AM
#8
Please I may not be the only lame man here I've longing to know why People typically use bitcoin mixers to mask any previous "questionable" transactions from the bitcoin that they are likely cashing out in their real name. Now let me know about purpose of mixing bitcoins.

As you may know, BTC transactions can be traced, and you have to verify your identity on pretty much all exchanges these days. So, if you withdraw BTC from the exchange to your wallet, there is a connection between your name and said wallet. From there on, the coins can be sent to other wallets or exchanges, and it is pretty easy to trace them further. Mixers make this impossible by mixing the coins of users and allowing them to withdraw coins to wallets and still remain anonymous. Basically, you can trace the withdrawal to the mixer. From there on, no one knows which coins are yours, especially if you split them into a smaller group. Think of that image of a ray of light entering the prism and exiting as a rainbow — only one or two colors are your money, but there is no way of telling which ones.
sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
October 21, 2019, 05:37:37 AM
#7
There are many reasons regarding this and some of them are afraid of being tracked by criminals or hackers. If I want to cash out a thousand Bitcoins, it is very likely for me to do that to keep myself safe. That is not questionable for me instead it is understandable, safety is the most important thing in life.
Pages:
Jump to: