Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin mixers are only for criminals
by
?QuestionMark?
on 06/03/2021, 11:50:24 UTC
And lets face it, I know I have said it before, mixers are for people who don't want to go through the time & effort of hiding their coins themselves.

What I posted before.

There is nothing CM does that you can not do yourself. I just went and setup accounts on 2 exchanges that require nothing more then an email, actually used a separate disposable email service for each one while sitting in a parking lot on the free Wi-Fi from the Wendy's

Both have about the same price on XMR at the moment. So I could move my BTC to 1 of the exchanges, trade to XMR, withdraw to another exchange and trade back to BTC and to my wallet.

Would cost me ~ 30 minutes of time, 1.5% trade fee, .01 XMR withdraw fee and the BTC withdraw fee.

To find me you would need to get the records of an exchange in China and exchange someplace else and then figure out how to trace XMR.

*I did not do this because I have better things to do with my time but the point remains the same.

Or, I don't know, install Samourai Wallet and use Whirlpool and be done.

-Dave

Saying that mixers are designed / used by and for criminals just shows that you do not understand how crypto works or how to do things.
There are also the exchanges that do not require any form of registration such as https://changehero.io/ or https://flyp.me/en/#/ or https://coinswitch.co/
So are exchanges only for criminals too? How about any of the services that have face to face for cash trades (bisq) are they for criminals?


-Dave

Besides that the current topic here is coin mixers. Not any of these three are providing legal information on their website which makes it very dubious.

Swap exchanges of course have another use case. Simply swap your current crypto into another of your desire. Which of course is not only used by criminals.

But the use cases here for criminals are very high. Swapping to other coins and destroy the trace to the old coins which came from illegal deals. Hold that coin or simply swap it back to the old one on another swap exchange.