Post
Topic
Board Bitcoin Discussion
Re: Isn’t KYC anti-ethical to Bitcoin?
by
bitmover
on 15/12/2021, 14:04:38 UTC

Let's suppose you bought 10k USD in bitcoin in Coinbase, and you sent your documents there and withdrawal those funds to the address A.

You can just send your coins to a bitcoin mixer (address B), and then the mixer will send you back other coins  (which are not linked to your coins from address B) from address C to your address D.

This way you can achieve some anonymity.

Is it theoretically possible to untangle this chain?   address A-B-C-D and so on.
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For common users, if you have a low amount (not thousands of btc) you can get "clean " coins, not attached to you.

You can send 2 Btc to a mixer, For example, and receive several small amount of 0.02 or 0.05 btc, which were never linked to those 2 btc you had. Those small chips come from other addresses,  those are other coins. Then  they are not linked to you.
As o_e_l_e_o said, large amount make jt Harder to mix and someone may break it easier.