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For an added layer of anonymity I would move what you buy on coinbase to binance and trade it for another currency. So for example buy litecoin on coinbase, mov
by mdhen 7y ago
For an added layer of anonymity I would move what you buy on coinbase to binance and trade it for another currency. So for example buy litecoin on coinbase, move to binance. Trade that for Bitcoin and pay using that.
- mccorrinall 7y agoOr better: use chipmixer [1]. Mixing coins through centralized exchanges does not really help as any party which gains access to binance' backend, whether it be successful hacking attempt or some law enforcement, can completely de-anonymize and backtrack the initial transaction through their logs and the blockchain. [1] https://bitcointalk.org/index.php?topic=1935098.0 https://bitcointalk.org/index.php?topic=1935098.0
- mdhen 7y agoI specifically called out binance because LE is highly unlikely to get access to their logs. But it's a remote possibility yes. Chipmixer or services similar always have the possibility, however remote, of your money disappearing.