Topic: Why not use Exchange instead of Mixer? - page 2. (Read 780 times)
Bitcoin mixing services are more private and secure than the cryptocurrency exchanges. if crypto exchanges can solve the anonymity problem then no one would create a bitcoin mixing service. Mixers are excellent tools for anonymizing bitcoin transactions while the crypto exchanges are not. though you can try crypto exchanges if you can afford the mixers.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
Once I have wondered why not to send (anonymously) bitcoins through the chain of a few exchanges to achieve effect of their shuffling and the answer I have been contented with was the following:
…...
these exchanges can and will still keep track of the coins, …...
….. apart from it costing a lot of $$$, and exchanges who probably won't be too happy about it.
these exchanges can and will still keep track of the coins, …...
….. apart from it costing a lot of $$$, and exchanges who probably won't be too happy about it.
Obviously, trading on every of those exchanges would refine the mixing but the matter of the cost of such solution remains.
Most exchanges ask for email addresses or worst, KYC.
some exchanges dont require manual sign up and dont require a kyc at all . kyc are only for bigger amounts of transactions . also , if an exchanger ask for kyc , you can use temporary email to hide your real identity.decentralized exchange can be a choice too if that is what you are saying. I don't know much about the transaction process of decentralized exchange but they don't ask for KYC or email address. Just don't forget to use TOR or VPN.
dex or decentralized exchange were already anonymous , so why need for tor or vpn ? though you can still use those tools if you are really conscious about your privacy or if the site is blocked on your countryI do often mixing coins through an exchange... it's not as instant as what the mixer services provided and the fee itself on the mixer service for me is worth it , so it's a wong statement if you think it's better to use an exchange platform instead the mixer platform.
I have done this a lot of times and probably other people around here in this forum too , we know what's best for us.
Exchanges are not anonymous, when authorizing on the exchange, you can calculate the IP address, and the exchange can also track from which address it came and to which address it went
There's a reason why mixer sites are built, it is for shadowing all your information which you can't get from exchanges cause some of them required some ID's/verification before you can cash out. Mixers are made to shuffle transactions to the point that it isn't trackable anymore, you can't do that using only an exchange wallet because most exchanges use 1 specific address for cashout only which can easily be tracked.
You can use other option coin for take less fee when you make withdrawal your bitcoin assets, I think using bitcoin payment for withdrawal have higher for paying fees and you can use other option like using doge coin and using litcoin, I use litecoin for withdraw to my local exchange account because just to paid 0.002 LTC for every transaction.
Mixers charge less fee when compared to depositing and withdrawing bitcoins from anonymous exchanges (binance has KYC) and you end up paying sending and receiving fee and plus there are some exchanges that use one wallet whose address can be easily tracked while mixers don't have any address that can link them to the address. When I receive ETH from exchanges, I can see the wallet having the name of the exchange and in BTC transactions, I can see most exchanges sending from the same wallet address to multiple people. Mixers also break down the transactions (sending it to more than one output) while I can't imaging sending such small amounts from an exchange paying enormous amounts as fee. I don't like mixers as for me it makes no sense in paying fee for anonymity but for others it does.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
Both exchange and mixers are essentially helpful and has its purpose, choosing it will vary according to its purpose and where you're gonna use it, if you're planning of investing, trading, or you want to have a high-powered and reliable security, i think uou should use mixers because it will actually break.the link of your address both the reciever and the sender making it untraceable together with making your privacy key private as it said. , if your gonna have a simple life in crypto you can use exchange instead. My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.
It is not just because exchanges may ask for KYC when you reach a certain limit, but it is because almost all exchanges log their users personal data such as IPs, browser, OS.. besides they keep a record of all recent transactions and used addresses.Mixers are completely different from exchanges. They are used for different purposes and hence don't work the same way.
You should pass KYC in the exchange often
also , if an exchanger ask for kyc , you can use temporary email to hide your real identity.
That's not what KYC is. KYC is demanding pictures of driver's licenses, passports, bills, tax forms, paychecks, selfies, and so forth. You can't bypass it with a fake email address.dex or decentralized exchange were already anonymous , so why need for tor or vpn ?
Just because they do not collect your personal details or ask for KYC, doesn't automatically make them anonymous. They will of course collect your IP logs, browser fingerprints, and other potentially identifying information. If you are trading fiat, then depending on your chosen method you may also reveal your details to the person you are trading with (using a bank transfer, for example). If you want to be anonymous in your usage, then you should be using Tor and an anonymous payment method. Most exchanges ask for email addresses or worst, KYC.
some exchanges dont require manual sign up and dont require a kyc at all . kyc are only for bigger amounts of transactions . also , if an exchanger ask for kyc , you can use temporary email to hide your real identity.decentralized exchange can be a choice too if that is what you are saying. I don't know much about the transaction process of decentralized exchange but they don't ask for KYC or email address. Just don't forget to use TOR or VPN.
dex or decentralized exchange were already anonymous , so why need for tor or vpn ? though you can still use those tools if you are really conscious about your privacy or if the site is blocked on your country 
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
it comes down to whom you are trying to hide from when mixing your coins!
for many users it is to prevent any random prying eyes from snooping around in their pocket to know how much bitcoin they own and where they spend it at. and since most of them already have accounts on some exchange site for buying bitcoin or trading altcoins then using that same account for mixing some coins makes a lot of sense.
although it may not sound like it but using mixers is a lot safer than using exchanges! there has never been any cases of a mixer scamming any user ever (there are scam sites calling themselves mixer but that is different) but there has been lots of cases of popular big exchanges scamming their users and robbing them!
Mixers are definitely the safer bet, even if they might not be moving as much as exchanges - most of them after the transactions are completed, they won't even record any transactions so it's truely safe.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
The KYC regulations is just one of the things that makes it difficult for exchanges to mix people's coins. These exchanges keeps logs of every transaction that are done on their platform, where most Mixers have no logs of any of their transactions. The exchanges also use transaction analysis software and surveillance methods to determine where coins originate from to enforce their ToS.
Mixer services do not even look at the previous track history of the coins you are mixing, it just takes any coins and push it through a tumbler with other coins and then push out mixed coins, without asking any questions.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
You could use your own wallet as long as it and the chain was BIP65 which many are and someone listed it on BlockDX.
Then you are your own exchange - no KYC unless you are checking your own ID's LOL
Wallet to Wallet trading with ATOMIC SWAPS.
Since its me at my computer and you at your computer - there is no email. You run the dApp which is the Peer to Peer DX.
So you are the maker/taker and so am I with atomic swaps - we are both protected 100% trustless.
Heck we could exchange offer on bitcointalk or for that matter 4chan post it on the BlockDX dApp and neither of us could scam each other.
It needs to use Full Node - REAL wallets (lite wallets in future) so this isnt a newb exchange platform - you need to run your own wallets.
Then you are your own exchange - no KYC unless you are checking your own ID's LOL
Wallet to Wallet trading with ATOMIC SWAPS.
Since its me at my computer and you at your computer - there is no email. You run the dApp which is the Peer to Peer DX.
So you are the maker/taker and so am I with atomic swaps - we are both protected 100% trustless.
Heck we could exchange offer on bitcointalk or for that matter 4chan post it on the BlockDX dApp and neither of us could scam each other.
It needs to use Full Node - REAL wallets (lite wallets in future) so this isnt a newb exchange platform - you need to run your own wallets.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
That won't work. Most exchanges ask for email addresses or worst, KYC. if you fill this up, you are already telling them your location so it won't work when you want to do anonymous transactions. Mixer is still a better choice. Well, decentralized exchange can be a choice too if that is what you are saying. I don't know much about the transaction process of decentralized exchange but they don't ask for KYC or email address. Just don't forget to use TOR or VPN.
Quote
Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
If this is the main reason then i will ask again why we need mixers?
The transaction of bitcoin is anonymous and there will be no identification needed on both parties.
Therefore there will be no one knows who made the transaction.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
You can't use an exchange as a mixer because of the limits set by the exchange. If you will want to increase your limit or remove your limit you will have to verify yourself. This means that you will have to provide identification documents to the exchange. So you can eventually be tracked anyways. As far as I know, in a mixer you don't have to provide kyc stuffs and you also don't have any limits.My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
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