Seek anonymity when trading

[KaytlynJolie]

Hello, I want to ask that if I want to increase anonymity when transacting via crypto, which cryptocurrency should I transact via? Can you suggest?

 

[tradesy]

Hi.
Try to think about XMR (It's considered the most anonymous)

 

[Spicy Chromosomes]

Monero is considered one of the most privacy-focused coins available

 

[Nicola Carey]

Use Monero (XMR) for the best privacy, or try Zcash (ZEC) and Dash for additional anonymity.

 

[B1TCS]

Monero is private.

 

[Crytononame]

Hello, I want to ask that if I want to increase anonymity when transacting via crypto, which cryptocurrency should I transact via? Can you suggest?

You can use any cryptocurrency, but when it comes to cashing out, you need to break the link between wallets so that no one can trace them back to you.

The best way? Swap your crypto for Monero (XMR). Then send those XMR to an exchange and swap them again. That transaction becomes untraceable.

Another way—send Monero to a newly created wallet, then swap it back into the crypto you usually use. This also breaks the connection.

Just don’t forget to use a VPN or Tor while doing this, so nodes don’t catch your IP.

 

[KaytlynJolie]

You can use any cryptocurrency, but when it comes to cashing out, you need to break the link between wallets so that no one can trace them back to you.

The best way? Swap your crypto for Monero (XMR). Then send those XMR to an exchange and swap them again. That transaction becomes untraceable.

Another way—send Monero to a newly created wallet, then swap it back into the crypto you usually use. This also breaks the connection.

Just don’t forget to use a VPN or Tor while doing this, so nodes don’t catch your IP.

Can you warm directly to another currency on the wallet? This is the first time I know.

 

[KaytlynJolie]

You can use any cryptocurrency, but when it comes to cashing out, you need to break the link between wallets so that no one can trace them back to you.

The best way? Swap your crypto for Monero (XMR). Then send those XMR to an exchange and swap them again. That transaction becomes untraceable.

Another way—send Monero to a newly created wallet, then swap it back into the crypto you usually use. This also breaks the connection.

Just don’t forget to use a VPN or Tor while doing this, so nodes don’t catch your IP.

thanks sir , "you need to break the link between wallets so that no one can trace them back to you." I don't really understand this sentence.

 

[Crytononame]

thanks sir , "you need to break the link between wallets so that no one can trace them back to you." I don't really understand this sentence.

Imagine your Bitcoin wallet is like a public bank account. Everyone can see where the money comes from and where it goes. Exchanges know who you are, and there are even companies that specialize in tracking these transactions.

Even if you try to hide your tracks by sending crypto to a new address, it's like trying to cover your footprints in the sand. The blockchain remembers everything.

If you do something that looks suspicious, your wallets could get flagged, and you'll be locked out of exchanges. In some countries, they might even freeze your bank account.

Monero is like a secret offshore account. It's a different system, and nobody can see where your Monero goes. You can use a wallet like Cryptomus to keep your Monero separate from your Bitcoin.

From there, you can cash out via p2p without KYC or trade Monero for another crypto on Cryptomus without fees.

 

[EImer Fudd]

I'll also add that whilst Monero is private you may want to wait a bit before swapping to another currency and/or breaking the transactions down, this can help further decrease their ability to trace activity

 

[galaxymedia]

+1 for XMR, definitely.