Quote from: examplens on February 23, 2024, 08:10:52 PM

Quote from: The Cryptovator on February 23, 2024, 07:48:49 PM

To be honest, I don't see reasons for me to mix my Bitcoin. That doesn't mean I don't care about my privacy. Of course, I am concerned about my privacy, but how will others know about my holdings? Let's say I withdraw from Binance to my BTC address. So they know who owns this bitcoin. What makes that risky for me?

just a few examples
Your government can ask for insight in order to collect taxes.
Some insiders can sell your information to bad people from your environment, so if you have a significant amount, it can create a lot of inconvenience in life. If you were to sell the house and get cash, you certainly wouldn't feel safe if everyone around you knew you had xx amount in your hands.

I can understand, but let's be honest. Do we have the best place to trade crypto without providing your identification documents? There are a few decentralised exchanges, but they are not very popular. So most people have been using centralised exchanges, and funds have been traced. We can simply cut the transaction by doing a P2P trade. It's not necessary to depend on mixers alone. Exchange can trace only where you withdraw, but they don't know actually who owned the address. Just use multiple addresses and cut the transaction history.