Does using BTC XMR BTC enhances your privacy?

[tranthidung]

If you transfer to another address with more coins, than transfer to another address and consolidating with more inputs, and so on, that blacklist address will simple disappear.

It is still possible to do that. As the blacklist is not in the blockchain level, but in third party services. Transactions still get confirmed.

Centralized exchanges only investigate a Bitcoin address and transaction history for some rounds. If the coin already went through so many rounds of transactions, it will not be considered as tainted coins by exchanges.

Andreas Antonopoulos explained about it.

Bitcoin Q&A: Blacklists, Taint, and Wallet Fingerprinting.

Of course, avoid centralized KYC exchanges when you are doing this.

[bitmover]

If you transfer to another address with more coins, than transfer to another address and consolidating with more inputs, and so on, that blacklist address will simple disappear.

It is still possible to do that. As the blacklist is not in the blockchain level, but in third party services. Transactions still get confirmed.

Centralized exchanges only investigate a Bitcoin address and transaction history for some rounds. If the coin already went through so many rounds of transactions, it will not be considered as tainted coins by exchanges.

Andreas Antonopoulos explained about it.

Bitcoin Q&A: Blacklists, Taint, and Wallet Fingerprinting.

Of course, avoid centralized KYC exchanges when you are doing this.

Yeah, that is a good practice that I use to recommend a lot as well.

Just make a few hops (a few transactions) and you are probably fine. the problem is that when fees are high, like now, it may cost you a few bucks.

[therozaq]

Monero is the best privacy coin.
It's usable and very secure to do private transaction.
Yeah, using BTC XMR BTC enhances our privacy.
Many people did.
But If we do Normal transaction, not privacy we should use monero.

[Yamane_Keto]

Monero is the best privacy coin.
It's usable and very secure to do private transaction.
Yeah, using BTC XMR BTC enhances our privacy.

With more and more services requesting KYC it is best to be skeptical

But If we do Normal transaction, not privacy we should use monero.

I think you mean Bitcoin.

Even the transaction fees for Monero are not high, but the limited availability of daily services that accept them makes them very restrictive.

[Wiseman]

Getting bad bitcoins is very real especially when exchanging in p2p, but in fact such cases are very few but it is better to be concerned and buy large amounts of cryptocurrencies on centralized exchanges, this way you guarantee yourself some kind of alibi of where you got this cryptocurrency.

[Jamal Aezaz]

One of the suggestions to enhance your privacy (if you do not want to use mixers, Coinjoin Whirlpool or Jointmarket) was swapping your Bitcoin to Monero and back to bitcoin, but is your privacy definitely enhanced?

I will pose 3 main challenges:

If your Bitcoin address is blacklisted, how will BTC/XMR/BTC solve this problem, because you are simply pushing the problem to the other user.

When you exchange XMR to BTC, you may receive Bitcoin from a blacklisted address. Will you exchange it again or use a mixer?

There is a possibility that you will receive the same BTC especially in the case of P2P or if the exchange you are using to exchange XMR has a limited BTC reserve.

What do you mean by blacklisted address? why would someone's wallet address be blacklisted and blacklisted from where?  there is no such thing as blacklisted address (Unless I am unaware of something  ) maybe you mean a wallet address which is linked to your identity.
I don't think that is such a big issue. because people who trade manually which we call p2p know all these things. and there is nothing wrong with trading with someone with known address.

[ABCbits]

--snip--

What do you mean by blacklisted address? why would someone's wallet address be blacklisted and blacklisted from where?  there is no such thing as blacklisted address (Unless I am unaware of something  ) maybe you mean a wallet address which is linked to your identity.
I don't think that is such a big issue. because people who trade manually which we call p2p know all these things. and there is nothing wrong with trading with someone with known address.

I think he meant address blacklisted by certain government or organization. Here's an example where OFAC (part of U.S. government) blacklist address related with ETH Tornado Cash, https://ofac.treasury.gov/recent-actions/20220808.

[Yamane_Keto]

What do you mean by blacklisted address? why would someone's wallet address be blacklisted and blacklisted from where?  there is no such thing as blacklisted address (Unless I am unaware of something  ) maybe you mean a wallet address which is linked to your identity.

It is an attempt by governments to control Bitcoin, which is to prepare banned lists so that when you deposit from those addresses to any popular cryptocurrency exchange, that account is frozen and your data is sent to the government. The government has also begun to force some mining pools to avoid confirming transfers that come from those addresses.

I don't think that is such a big issue. because people who trade manually which we call p2p know all these things. and there is nothing wrong with trading with someone with known address.

If you do not think it is serious, then the main reason for banning mixer campaigns in BTT was because sinbad signature campaign address added to OFAC list (part of the U.S. government), which means that deposits from the signature campaign to your account in platforms that support those lists, such as Binance, will be blocked, and some Binance accounts have already been banned.

[legend45]

If you do not think it is serious, then the main reason for banning mixer campaigns in BTT was because sinbad signature campaign address added to OFAC list (part of the U.S. government), which means that deposits from the signature campaign to your account in platforms that support those lists, such as Binance, will be blocked, and some Binance accounts have already been banned.

The US government didn't allow mixer  projects and we know binance there.
Actually not only US government, several governments also don't agree with mixer and privacy coins.


back to OP asked does using BTC XMR BTC enhances the privacy ? I think yes. Monero is the favourite privacy coin. No worries about this coin.

[Yamane_Keto]

The US government didn't allow mixer  projects and we know binance there.
Actually not only US government, several governments also don't agree with mixer and privacy coins.

This is not true. Mixers are legal activities in the United States and have not been banned yet. Some mixers that are suspected of being used in money laundering are seized, but compared to the number of mixers that are operating today, 4 or 5 have been seized compared to more than 15 currently operating.

[SamReomo]

Yes, BTC to XMR enhances someone's privacy and that's a better option for those who want to have good privacy. I have gone through all posts of this thread and I can say that the guy was caught because he did everything in fast way.

If someone converts Bitcoin into Monero then it's not possible for chain-link agencies to find out such people but they should use tor and other measures as well. The guy was caught because he sent the XMR to Binance and I'm sure that they found him because the amount was very high and Binance or any other exchange would do their best to know that where that money came from.

The ones who got those Bitcoin weren't affected from the conversion because the only one who was affected was the one who converted those Bitcoin into XMR and sent the XMR to Binance. The chain-link companies have some experts who try their best to find out such transactions but they can't really catch anyone who gets Bitcoin from a blacklisted address. The dirty Bitcoin will get clean when they move to so many wallets.

[Faisal2202]

If your Bitcoin address is blacklisted, how will BTC/XMR/BTC solve this problem, because you are simply pushing the problem to the other user.

We are doing all this to obfuscate our transaction, so how one would know if the funds are coming from a blacklisted address and where they are going. Well, in case if you receive funds from a blacklisted address, which we don't get to see in mixers, because they already have blocked them you can also do the same, by blocking them. In simple words you are right but to some extent only. The exchange we are using must have some security measures to stop happening this. That's why we should use good exchanges.

When you exchange XMR to BTC, you may receive Bitcoin from a blacklisted address. Will you exchange it again or use a mixer?

If I try to send them on some CEX then I will be caught and might stuck in some kind of problem so I would avoid it, and Mixer might not accept that TX if they find out the funds are coming from the illicit wallets.

[elbans89]

This is not true. Mixers are legal activities in the United States and have not been banned yet. Some mixers that are suspected of being used in money laundering are seized, but compared to the number of mixers that are operating today, 4 or 5 have been seized compared to more than 15 currently operating.

The US government just against illegal activities such as money laundering, not ban mixer project.
I have learned about mixer, not much but I think it's potential project.

Talking about XMR, it's good privacy coins, as many who ever used this coin. We can use monero, if we want do private in our transaction.