Post
Topic
Board Bitcoin Discussion
Re: Why not use Exchange instead of Mixer?
by
bhabygrim
on 03/10/2019, 17:47:16 UTC
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
It all depends on our needs and our capital.
Lets say mixer would just get 1-3% fee from using it while on exchange we would pay some transaction fee us well and if you would only send a small amount then using an exchange would cost you more,
And of course it would be different amount of fee in every exchange.