BITCOIN PAYMENT ANONYMOUSLY - quick question

iNeedanswers

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Hey Guys - I am really not familiar with the way bitcoin works in detail but after reading a ton about how to make an anonymous bitcoin transaction I need to ask:

Why is it not enough to send bitcoin from say COINBASE to an anonymous wallet (signed up with a burner email /number and no SSN or address) and then send the coins from said wallet anonymously. WHY is this not enough? If the second wallet is only used while running a VPN this sounds anonymous to me - but obviously I am not understanding something because every website I look up tells me about multiple wallets, bitcoin "mixing" etc.

And here I am not understanding why sending it first to an anonymous wallet isn't enough? If that wallet isn't linked to me , why is that not anonymous? Someone enlighten me please. I cannot find the answer online.

Appreciate it!
 

tb303

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In your example, Coinbase know who you are due to KYC requirements. Transactions could be followed from or back to that wallet. Hence the use of mixers.
 

blue_knight

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I'm not gonna be popular with this answer, but... Your best bet to remain anonymous is to use a truly anonymous coin like Monero. Why would you want to mix your coins with someone elses coins who was into some serious illegal activities, for example?! Are you eager to get a knock on the door from authorities?
 

Brickbat1

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Well .you have to understand that the blockchain is an open book for everybody to read. So except you start out with an anonymous address to begin with,you are traceable. Since coinbase knows you and can link you to an address, whatever address that address sends to is also linked to you. If you really want to hide, you have to use a mixer. And as has been mentioned above, monero is one of the best ways to do that. But then many criminals also use it, so you stand the risk of being watched along with others on various watchlists..

Another way is to use an exchange and exchange your bitcoins for ether or other crypto... but i real determined investigator can still trace you with this method.
 

SuperKingCheese

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This is a way I have purchased Bitcoin anonymously.

Use Tails O/S and install Bitcoin wallet, no personal info required.

Use a burner phone and go to localbitcoins.com and find a reputable trader who does face to face trades for cash and have them send bitcoin to your wallet on your Tails machine.

Go back to your Tails PC and navigate to an exchange that doesn't require KYC and trade your Bitcoin for Monero. Job done.
 

Nalini

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The blockchain is publicly accessible and there are companies that specialise in analysing it.
 

DunderMannen

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Well... here are the basics of staying anonymous when buying bitcoin.

- Buy BTC with cash, in an ATM or from an offline seller, alternatively a hacked/bought verified accounts on any of the large sites out there. Of course, if doing online transactions, do it with VPN, and a complete safe bet would be Kali Linux ;)
- Send BTC straight to a mixer, perhaps don't even have them in your own wallet at all. Tell buyer to send them to mixer instead.
- Voila, you're now pretty much untraceable.

Oh, and if buying with a card, I suggest you buy a pre-paid card with your regular card, then buying the BTC on that prepaid.
This seems like an awful lot of steps to me though, but you said anonymous so I'm guessing this is the answer you wanted.
 

Nalini

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Well... here are the basics of staying anonymous when buying bitcoin.

- Buy BTC with cash, in an ATM or from an offline seller, alternatively a hacked/bought verified accounts on any of the large sites out there. Of course, if doing online transactions, do it with VPN, and a complete safe bet would be Kali Linux ;)
- Send BTC straight to a mixer, perhaps don't even have them in your own wallet at all. Tell buyer to send them to mixer instead.
- Voila, you're now pretty much untraceable.

Oh, and if buying with a card, I suggest you buy a pre-paid card with your regular card, then buying the BTC on that prepaid.
This seems like an awful lot of steps to me though, but you said anonymous so I'm guessing this is the answer you wanted.
That is awful advice, using Kali Linux as your OS adds no extra security at all. Mixers have been broken for years, the 'mixing' process has been reversed by researchers. Also buying a prepaid card with you real card completely negates using the prepaid card because it can be linked to your real card... This person has absolutely no idea what they are talking about.
 

Get Web Growth

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buying from a P2P marketplace (paxful/LBC) with proper payment method can be bit helpful.
But all other services who asking KYC are not trustable
 
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