Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Topic started by: target on June 23, 2024, 11:35:38 AM
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
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For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
At very least, only the buyer know your identity. Your bank or fiat wallet wouldn't know for sure you cash out your Bitcoin, unless the buyer include message which reveal such information.
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
Probably no, since you may be suspected performing money mule.
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Using someone else's bank account would not only create problems for that specific person, but it would also put you in the spotlight as a potential money launderer, and trouble would begin for both of you. 100% effective anonymity does not exist, and if such anonymity existed, it would be lost the moment you want to send fiat to any bank.
I used LocalBitcoins quite a few years ago (the website still exists, but new registrations are not possible) and never had any problems.
Why I cannot register a new account?
LocalBitcoins has decided to stop providing Bitcoin trading services. New account registration was suspended on 2023-02-09.
At LocalBitcoins you could find people in your city to buy and sell Bitcoins, while the deposit remained blocked until the purchase/sale was satisfactory for both parties.
It's a shame you can't create an account to use that service, it's what you were looking for. I don't know if there are similar services, but you can always search for information.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
Honestly, I don't have a need for anonymity guarantees. My crypto holdings aren't really significant and aren't enough to put me in danger. I use Mixers but only to make sure my BTC I deposit on CEXs are "clean".
Governments are trying to find every way to regulate and limit the ability of bad guys to abuse crypto for money laundering, so efforts to ensure anonymity could become illegal. I think some solutions you can take to protect your identity are using Mixers, using CEXs that don't require KYC, P2P trading to avoid identity verification or banking services.
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Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
Do you mean here stealing someone else identity? It's not recommendable obviously. But if you can used like your wife or maybe your kids info just for the sake of having to hide your personal data from the prying eyes of the government, maybe, but still they might trace it back to you.
The only thing that I think of is just except your BTC and meeting someone face to face. But there's also that risk involved, as you don't know who gonna meet personally. Maybe you can get someone to vouch for that guy and then meet him in a place that there is plenty of people around.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
I would lock this thread and ask mods to delete it. This thread is a threat to being anonymous.
it is very likely that government people will look here and use this thread to attack the ideas given here.
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Hard to be anonymous...
There are a lot of aspects to maintaining your anonymity. Setting the clock, disabling cokies is still okay. Anonymous browsers, in addition to all this, do not even recommend turning on the site window to full screen - apparently sites of some kind see the screen resolution (which may be a clue for your identification).
Well, yesterday I saw the following for the first time: I have Kaspersky anti-virus installed, and suddenly he writes that Skype from trey uses a camera. Do you think the camera's diode was on?
So it was in vain that everyone laughed at Zuckerberg with a taped camera.
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What is your goal to avoid government tracking? Do you want to obscure the source of your bitcoins or do you not want them to know you are involved with crypto at all?
I can tell that the tracking capabilities of local banks in my country aren't very aggressive, so I don't really need a high level of anonymity and be that paranoid. P2p trading is enough for me to avoid annoying bank officer questions. After all, the amount I usually exchange wouldn't attract their attention.
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For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
I am having a hard time understanding you, but i get that you want to stay anonymous, first thing to do is to never submit kyc to any crypto service. So you have to buy and sell BTC through p2p exchanges, and you have to also use mixers and CoinJoin services to obfuscate the origin of your tx's.
If the circumstances are right for you, trading face to face is also an option, that is if you know what you are doing and lastly you should avoid reusing BTC addresses.
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For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
There is no way that you will want to use fiat without undergoing compulsory kyc, you have to but you can use Bitcoin without any verification. The only way you can spend Bitcoin without kyc is when you spend it in a place where they accept Bitcoin for transactions, most p2p platform require verification but if you can get some merchant that does p2p lowkey, you can sell your bitcoin without verification.
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
If the person agreed to accept his account to accept Bitcoin and help you convert it to fiat, then it's fine but most exchange wouldn't accept another account that is different from your name, it's against their policy.
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For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Don't use bank account and other form of digital payments, but instead use physical cash payments and p2p trading.
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
No, unless this is one of your family members.
Doing otherwise you can end up arrested and pay additional fees for braking regulations, and get other person in trouble.
This is not worth a risk.
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P2p in Binance still makes you inout your bank data in binance which is still revealing to them the information. Although its not public, the company/exchange obviously has my data.
This makes me or any user not anon even after using P2p since the platform requires user to input bank details.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
This is not accurate. Mixers make tracking your bitcoins more difficult, but at some point, if you want to hide something from the government and it has sufficient resources to track you, a small mistake may make it easier to reveal your identity.Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
You can sell Bitcoin for cash or gift cards and then use those cards to buy goods and products.Do not use another person's identity. All you have done is moved the problem from you to him.
P2p in Binance still makes you inout your bank data in binance which is still revealing to them the information. Although its not public, the company/exchange obviously has my data.
This makes me or any user not anon even after using P2p since the platform requires user to input bank details.
use Bisq or any DEX P2P, Search on Facebook or Twitter for someone who can conduct a cash transaction in a public place
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What is your goal to avoid government tracking? Do you want to obscure the source of your bitcoins or do you not want them to know you are involved with crypto at all?
I can tell that the tracking capabilities of local banks in my country aren't very aggressive, so I don't really need a high level of anonymity and be that paranoid. P2p trading is enough for me to avoid annoying bank officer questions. After all, the amount I usually exchange wouldn't attract their attention.
The amount of coins I have is not also going to make the government interested but what about in the future when even the tokens we hold becomes valuable?
I'm puzzled with the idea when technical users says something like there's no such thing a private. If its true actually, it looks like were all screwed already if governments are going to crack down wallets.
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The amount of coins I have is not also going to make the government interested but what about in the future when even the tokens we hold becomes valuable?
I'm puzzled with the idea when technical users says something like there's no such thing a private. If its true actually, it looks like were all screwed already if governments are going to crack down wallets.
Frankly the government is least bothered about you as you are not a threat. If you want to stay anonymous then first delete all your digital footprint. It is not that easy to do it as it requires you to completely vanish from the internet. I do not think it is possible to hide every financial transactions. As you have already mentioned you are using P2P for cash out. That means you are still leaving financial foot prints which the government can question you if they want to.
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The amount of coins I have is not also going to make the government interested but what about in the future when even the tokens we hold becomes valuable?
I'm puzzled with the idea when technical users says something like there's no such thing a private. If its true actually, it looks like were all screwed already if governments are going to crack down wallets.
Frankly the government is least bothered about you as you are not a threat. If you want to stay anonymous then first delete all your digital footprint. It is not that easy to do it as it requires you to completely vanish from the internet. I do not think it is possible to hide every financial transactions. As you have already mentioned you are using P2P for cash out. That means you are still leaving financial foot prints which the government can question you if they want to.
Making transactions outside any platforms will do. The OGs most likely escaped those digital footprints if they make deals outside like meeting someone willing tk buy coins at market price. This is also risky because we're also unsure who we met but definitely Cash is anonymous.
With a newly generated BT address, its all there is but if the coins comes from an exchange where we submit data, its also not anonymous because this address is connected to the exchange and can be seen in the blockchain.
What I can try is transact with someone in this forum who buys BTC and me recieving USD in my local digital wallet which I can also exchange to my local currency. But anything digital also need my data.
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What I can try is transact with someone in this forum who buys BTC and me recieving USD in my local digital wallet which I can also exchange to my local currency. But anything digital also need my data.
I think you are mixing anonymity with privacy, especially when we are talking about payment methods and exchanges.
Nobody is forcing you to use digital wallets for your fiat currency and bank accounts, you still have the option to choose cash, and p2p trading with bitcoin to cash is possible.
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--snip--
Making transactions outside any platforms will do. The OGs most likely escaped those digital footprints if they make deals outside like meeting someone willing tk buy coins at market price. This is also risky because we're also unsure who we met but definitely Cash is anonymous.
Such risk indeed exist, but it could be reduced with common precaution such as,
1. Meeting on public place.
2. Bring friend, family or someone else you trust.
3. Bring panic alarm/emergency button device.
--snip--
Nobody is forcing you to use digital wallets for your fiat currency and bank accounts, you still have the option to choose cash, and p2p trading with bitcoin to cash is possible.
Depending on where you live, using cash isn't practical though since it's either hard to find someone else who willing to do that or faced worse exchange rate.
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Depending on where you live, using cash isn't practical though since it's either hard to find someone else who willing to do that or faced worse exchange rate.
You can literally find p2p trading options for cash to bitcoin and vice versa anywhere in the world all the time, and rates are not worst like you think.
Peach Bitcoin, Bisq, OrangeFren, and many p2p trading groups are available everywhere for years.
If someone is having a problem exchanging coins for cash than something is wrong with him, or he is newbie in this space.
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Depending on where you live, using cash isn't practical though since it's either hard to find someone else who willing to do that or faced worse exchange rate.
You can literally find p2p trading options for cash to bitcoin and vice versa anywhere in the world all the time, and rates are not worst like you think.
Peach Bitcoin, Bisq, OrangeFren, and many p2p trading groups are available everywhere for years.
If someone is having a problem exchanging coins for cash than something is wrong with him, or he is newbie in this space.
What we have in my country is our digital cash system where we sell p2p our coins for digital cash and digital cash to real physical cash which leaves digital footprint like said above. Not the most ideal but because the platform taking our data is not our government but the international exchange, I guess it still acceptable.
I see Bisq is like P2p platform where we need to install the software. I doubt there is someone near me that is also in Bisq though.
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The amount of coins I have is not also going to make the government interested but what about in the future when even the tokens we hold becomes valuable?
I'm puzzled with the idea when technical users says something like there's no such thing a private. If its true actually, it looks like were all screwed already if governments are going to crack down wallets.
So what do you want to do with your valuable token?
Trying to be anonymous is really harder than you think, and I think you should not exchange your coins for fiat at all, only make transactions outside the jurisdiction of your country and not use any identity associated with you including your address.
Getting privacy is easier than being anonymous.
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The amount of coins I have is not also going to make the government interested but what about in the future when even the tokens we hold becomes valuable?
I'm puzzled with the idea when technical users says something like there's no such thing a private. If its true actually, it looks like were all screwed already if governments are going to crack down wallets.
So what do you want to do with your valuable token?
Trying to be anonymous is really harder than you think, and I think you should not exchange your coins for fiat at all, only make transactions outside the jurisdiction of your country and not use any identity associated with you including your address.
Getting privacy is easier than being anonymous.
Consider the tokens I have comes from a local exchange backed by our SEC so they comply to the laws of our governement. How can I have privacy in such situation?
Even if I will not exchange my coins to fiat, they know I have valuable assets hidden in a wallet somewhere. This is not a secret because they can trace it from the exchange wallet and I have KYC as well. It wouldn't help either if I only make transactions outside government jurisdiction, its still my wallet.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
the most optimal for anonymity in cryptocurrency I think it is worth just taking the usual actions such as not showing your wallets to anyone, not telling anyone how much you earn, and especially they show the balance on these wallets and the balance on the exchange.
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Consider the tokens I have comes from a local exchange backed by our SEC so they comply to the laws of our governement. How can I have privacy in such situation?
Even if I will not exchange my coins to fiat, they know I have valuable assets hidden in a wallet somewhere. This is not a secret because they can trace it from the exchange wallet and I have KYC as well. It wouldn't help either if I only make transactions outside government jurisdiction, its still my wallet.
Currently, we use bank cards and the government can easily know the balance in our accounts. We have given up a lot of privacy when signing the service terms of banks for many years.
The same thing happens with CEX users, we rarely read hundreds of lines related to regulations before quickly agreeing to create an account. However, the good news is that CEXs are crypto companies and do not belong to the governments, CEXs need to protect the personal information of customers. CEXs will only provide users information to the authorities when there is a clear request from the court to track down criminals. So you don't need to worry too much about privacy when using CEXs, you should worry about the existence of CEXs under the threat of hackers.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
the most optimal for anonymity in cryptocurrency I think it is worth just taking the usual actions such as not showing your wallets to anyone, not telling anyone how much you earn, and especially they show the balance on these wallets and the balance on the exchange.
But if you have to exchange your crypto with your local fiat, then that's where your anonymity will be unravel, and this is what the OP is asking. He wants to keep his privacy and doesn't want to used a 3rd party like exchange or banks. So it's very difficult to do it right because because of the mandated KYC enforced by banks and crypto exchange.
The best thing that I can only see here is doing it face to face and exchange your crypto to fiat. But it also entails risk as well as you don't know who you dealing it. But if you want to go to this route then why not? Just make sure that you are in public places and you will not do it alone, at least someone you trust should be at your side before doing the transactions.
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Currently, we use bank cards and the government can easily know the balance in our accounts. We have given up a lot of privacy when signing the service terms of banks for many years.
This is not true.
You can have cards issued in different countries so your government can't know what is your balance on that account.
And even in your own country they need to get this information from banks, so it's not that easy for them to know account balance for all people.
Only with CBDC they could have total control all the time, if people are stupid enough to accept that crap.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
the most optimal for anonymity in cryptocurrency I think it is worth just taking the usual actions such as not showing your wallets to anyone, not telling anyone how much you earn, and especially they show the balance on these wallets and the balance on the exchange.
But if you have to exchange your crypto with your local fiat, then that's where your anonymity will be unravel, and this is what the OP is asking. He wants to keep his privacy and doesn't want to used a 3rd party like exchange or banks. So it's very difficult to do it right because because of the mandated KYC enforced by banks and crypto exchange.
The best thing that I can only see here is doing it face to face and exchange your crypto to fiat. But it also entails risk as well as you don't know who you dealing it. But if you want to go to this route then why not? Just make sure that you are in public places and you will not do it alone, at least someone you trust should be at your side before doing the transactions.
Well, what's stopping him from doing it through exchangers? I don't see any problems with this at all and I use them constantly (dozens of times a year), you can transfer the required amount of money to an exchange where you don't need to go through verification and from there withdraw it to a disposable wallet and from there through the exchanger withdraw money to a fiat internet wallet and from there to your card or use the card from this wallet, then if you need to withdraw money, you just go to an ATM and withdraw it, I think most people know about this.
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You want to be anonymous to banks and to the government of your country not because you are criminal but you just want to after all we are trying to use mixers to make it untraceable.
For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
the most optimal for anonymity in cryptocurrency I think it is worth just taking the usual actions such as not showing your wallets to anyone, not telling anyone how much you earn, and especially they show the balance on these wallets and the balance on the exchange.
But if you have to exchange your crypto with your local fiat, then that's where your anonymity will be unravel, and this is what the OP is asking. He wants to keep his privacy and doesn't want to used a 3rd party like exchange or banks. So it's very difficult to do it right because because of the mandated KYC enforced by banks and crypto exchange.
The best thing that I can only see here is doing it face to face and exchange your crypto to fiat. But it also entails risk as well as you don't know who you dealing it. But if you want to go to this route then why not? Just make sure that you are in public places and you will not do it alone, at least someone you trust should be at your side before doing the transactions.
Well, what's stopping him from doing it through exchangers? I don't see any problems with this at all and I use them constantly (dozens of times a year), you can transfer the required amount of money to an exchange where you don't need to go through verification and from there withdraw it to a disposable wallet and from there through the exchanger withdraw money to a fiat internet wallet and from there to your card or use the card from this wallet, then if you need to withdraw money, you just go to an ATM and withdraw it, I think most people know about this.
There is no exchange todah that doesn't asks your data. Your government will ban the exchanges operating illegally in your country if they don't cooperate with the government and comply to their laws. You can be assure that it doesn't just stop to compliance and cooperarion when it comes to tracking funds.
Only with CBDC they could have total control all the time, if people are stupid enough to accept that crap.
Unfortunately this is where we are going. Every user leaves their name linked to a wallet they onced used to make transaction. The more exchanges you used I guess the CBDC will connect them all and just compute all the transactions you do.
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There is no exchange todah that doesn't asks your data. Your government will ban the exchanges operating illegally in your country if they don't cooperate with the government and comply to their laws. You can be assure that it doesn't just stop to compliance and cooperarion when it comes to tracking funds.
I sometimes trade on the Yobit exchange and verification has never been required there. Earlier, I made a topic on another forum in which I wrote about many exchanges and most of them did not require mandatory verification. If you don’t only look at the top 10 exchanges, there are a lot of such exchanges, you just weren’t looking.
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There is no exchange todah that doesn't asks your data. Your government will ban the exchanges operating illegally in your country if they don't cooperate with the government and comply to their laws. You can be assure that it doesn't just stop to compliance and cooperarion when it comes to tracking funds.
I sometimes trade on the Yobit exchange and verification has never been required there. Earlier, I made a topic on another forum in which I wrote about many exchanges and most of them did not require mandatory verification. If you don’t only look at the top 10 exchanges, there are a lot of such exchanges, you just weren’t looking.
I like yobit alao but I'm not sure if how big must the BTC you deposit before they will ask our data. I have tried them before and although I personally didn't experience issues with them, I just don't know when it will happen.
The accusations against them are probably just accusations. People echo what was accussed that even the new crypto users avoid them.
Withdrawing BTC from the yobit exchange means BTC can only be traced it from them and the exchange serves as mixer?
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Would you recommend using someone else bank account or someone else local currency wallet which is linked to someone else name?
Is it the only way for you to get an off-ramp? Or are there other people in your country willing to do a face-to-face trade for cash inside a casino, a bank, or somewhere else like that where large amounts of money are readily exchanged and there are security cameras as well as guards everywhere?
That is better than doing a bank account withdrawal depending on what you're going to use the money for.
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There is no exchange todah that doesn't asks your data. Your government will ban the exchanges operating illegally in your country if they don't cooperate with the government and comply to their laws. You can be assure that it doesn't just stop to compliance and cooperarion when it comes to tracking funds.
I sometimes trade on the Yobit exchange and verification has never been required there. Earlier, I made a topic on another forum in which I wrote about many exchanges and most of them did not require mandatory verification. If you don’t only look at the top 10 exchanges, there are a lot of such exchanges, you just weren’t looking.
I like yobit alao but I'm not sure if how big must the BTC you deposit before they will ask our data. I have tried them before and although I personally didn't experience issues with them, I just don't know when it will happen.
The accusations against them are probably just accusations. People echo what was accussed that even the new crypto users avoid them.
Withdrawing BTC from the yobit exchange means BTC can only be traced it from them and the exchange serves as mixer?
Any exchange can serve as a mixer, even those that require account verification, which is very easy to buy now, those who need to pass cryptocurrency through a mixer will buy verifications on exchanges or simply use regular mixers.
If we are not talking about the fact that exchanges without verification can be conditionally considered mixers (which is stupid and completely wrong), then even if someone is forced in the future to have mandatory verification, you will be allowed to withdraw money without it, this practice was on all exchanges.
But if you are afraid of this, then use decentralized wallets and exchanges.
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Is it the only way for you to get an off-ramp? Or are there other people in your country willing to do a face-to-face trade for cash inside a casino, a bank, or somewhere else like that where large amounts of money are readily exchanged and there are security cameras as well as guards everywhere?
If you are actually trying to accurately stay off and keep your privacy in full check then first and foremost if you are going to be doing anything related to swapping between different crypto currencies then you obviously have to stay away from Centralised exchanges and in fact privacy coins aren't even available on centralised exchanges since they really aren't much supporters of privacy in quotes meaning you are pretty much left with the next alternative of using a decentralised exchange.
Anyways if you are going to be doing everything online and still want to remain to totally anonymous I think where issues my pop up is when you intend to swap from city to fiat.
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For instance I generate a new BTC address to a newly installed electrum. but cashing out to send the BTC to a p2p means I will submit bank account or local digital currency wallet which I've submitted KYC reveals myself already. So how do I do it?
At the point of Transaction Description, it should be stated on your rules of trade, that Anything related to BTC or crypto currency should not be added. so as to avoid such a trace or something. This is the only way for bypassing your country's crypto currency ban.
Crypto users facing this challenge are users in countries which are under crypto currency ban.
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At the point of Transaction Description, it should be stated on your rules of trade, that Anything related to BTC or crypto currency should not be added. so as to avoid such a trace or something. This is the only way for bypassing your country's crypto currency ban.
It's even better to exchange Bitcoin with cash and have no digital trace of transaction.
Depending on country/location there are tools and services like PeachBitcoin that can facilitate face-to-face meetings for this, or using Bitcoin ATM's.
Without cash you can always have banks asking weird questions suddenly.