Original archived Re: Laundering casino winnings: what's your go-to method? (Privacy Focused)
Scraped on 13/05/2025, 21:47:08 UTC
As for me mixing the coin is the simple and favorite approach to follow. But if you think using a decentralized exchange is better then it should be a decentralized exchange that doesn't require KYC before withdrawals can be made. There are many decentralized exchanges that permit withdrawal before completing KYC it will support in maintaining privacy as an alternative to coinjoin or mixers.
To start with, if an exchange requires KYC they it's obviously a centralized one no real decentralized exchange requires KYC. Sometimes mixed coins can be noticed by CEX and brokers because of how anonymous the transactions tend to be. If the person intends to spend fiat and ends up moving coins from a mixer straight to a CEX account he's gonna have big issues except he uses a VIP account.
DEX would be a nice move in addition to mixing that way you could switch across major coins and still remain anonymous without much risks.
Crazy me how I misinterpreted decentralized exchange to centralized exchange. I know decentralized exchange don't need KYC as you can access them through a a non-custodial wallet. And yeah you are right. If you are sending from the casino to a DEX and then a mixer it shouldn't cross a CEX if not the transaction will still be traced. As for relying on a VIP account at a CEX it wont remove the risk. it might delay scrutiny or give you better service, but if flagged, those funds can still get frozen.