Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Do we even need bitcoin mixers?
by
348Judah
on 08/01/2024, 10:47:56 UTC
⭐ Merited by fillippone (1)
Now, that the mixers are banned from this forum, I wonder, why do we even need BTC mixers.
A non-KYC exchange solves the mixer problem where Bitcoin and Monero are available too.

Mixers are quite different from exchanges, a mixer cannot perform the role and function of an exchange, even though we can use an exchange to serve as mixers but the intention for using a mixer would not be achieved by using a centralized exchanges, while a decentralized exchanges also can partly serve the role, but we have to make use of decentralized exchanges that are of high reputation because you later have to find out some may require you undergoing partly KYC while they have changes on their policies, I will recommend the use of these decentralized exchanges for that purpose.

Bisq
Hodl Hodl

1. If you have bitcoin which is connected to you and you want an untraceable one, you should:
i) Go to an (even KYC) exchange, where you change your BTC to XMR.
ii) Send the XMR to 'monero_address_1'.
iii) Send the XMR from 'monero_address_1' to 'monero_address_2' outside of the exchange.
iiii) Send XMR from 'monero_address_2' to a non/KYC exchange and change your XMR to BTC.

You talking about this is  when you're not privacy minded, the first reason for using a mixer is to avoid KYC which is the first step to guarantee your security, after that, before even talking about using XMR for your transactions, first consider the rate or amount you're trying to send first, could that also not be subjective to using KYC even for your account to be verified or to send a huge amounts of money.

2. If you have 'dirty' bitcoin and you want a clear one, you should:
i) Go to a non-KYC exchange, where you change your BTC to XMR.
ii) Send the XMR to 'monero_address_1'.
iii) Send the XMR from 'monero_address_1' to 'monero_address_2' outside of the exchange.
iiii) Send XMR from 'monero_address_2'q to an (even KYC) exchange and change it to BTC.

Are you actually giving this to help those involved in shady acts, things like this are what makes the use of mixers become difficult for others to enjoy since they are tagged to be for illegal activities instead of serving for privacy.