Post
Topic
Board Wallet software
Merits 1 from 1 user
Re: Using Instant Exchange
by
satscraper
on 11/09/2023, 07:14:27 UTC
⭐ Merited by JayJuanGee (1)
I would like to know if i use Instant Exchange https://exch.cx/ and convert my bitcoins to litecoin, will it serve as a mixing too and my coins can't be traced (act as a mixer) ?

Meaning if i do multiple transactions using that Instant Exchange and convert Bitcoin to Litecoin. (The destination address of LTC remains the same in all the transactions )

If, as you said , destination address in all transactions  is the same, then the mixing via  https://exch.cx/ has no sense,you will be traced by chain-analysis agencies. On the other hand if those  addresses  are different and you will make a few swap rounds using Instant Exchange/s  as well  a few intermediate transactions (that don't reuse addresses)  between those rounds then your coins  will become less traceable.

Chain-analysis uses heuristics to trace coins thus, in my view, it would be helpful if you could read the relevant  guide  divided into four parts  iurl=#ANK01][1][/iurl], [2], [3] and [4].  

[1]. Understanding Bitcoin Privacy with OXT — Part 1/4
[2]. Understanding Bitcoin Privacy with OXT — Part 2/4
[3]. Understanding Bitcoin Privacy with OXT — Part 3/4
[4]. Understanding Bitcoin Privacy with OXT — Part 4/4