Use Decentralized exchanges (e.g. Bisq, hodl hodl)

As long as you not submit any KYC to an exchanges, you're fine. But if you already submitted, use a mixer and don't withdrawing all the funds in one times since it make you could be traced easily.


Both Wasabi and Samourai wallet are the good option for privacy since they have CoinJoin features. But it's much complicated especially if you're new about that wallet.

CEX does not affect privacy as long as you did not go through KYC. Sometimes I even mix my coins using CEX exchanges (profit earned on 1 exchange, traded to monero, withdraw to another exchanges, traded back to BTC and withdraw - sometimes even with arbitrage profit. Its much cheaper than mixing in mixers during high BTC transaction fees) - rule nr.1 No KYC, rule nr.2 avoid your home IP - use tor, VPN. As long as you are not a terrorist chased by an arrest warrant by Interpol no one will really bother to track that.

Back to BTC wallets:
1- Wasabi
2- Samourai

So if you are a "terrorist chased by an arrest warrant by Interpol" you are easy to track, but if you want your 1000$ to be hidden from Internet randoms than its safe enough. Or am i terribly wrong? Does evey tiny CEX share every transaction, even small, with all governments around the globe?

I do agree that this is not a bulletproof solution. Its like purple wool sweater. It will not stop a bullet but... it will hide your naked body from prying eyes. I should add it to my first post as a warning ... i agree.


If you already have funds on exchange and wants to withdraw you have to pay withdrawal fee anyway (either from exchange 1 or 2). All you add is 1 monero withdrawal from exchange 1 to 2 and monero transfer is very cheap (0.0001 XMR on binance)

I'd personally advice that once you start anonymizing your coins you should never link them back to your identity again, be it accounts that are yours and have been registered through the clearnet or a KYC-verified account. Breaking the chain would be useless if you only do it to link them back to you after a while.

I personally prefer Wasabi over Samourai, but another great option is using JoinMarket. It's less user-friendly than Wasabi/Samourai, but it provides an option to earn Bitcoin while breaking the chain of de-anonymized coins constantly rather than paying fees for anonymizing them. A 2-in-1.

Practices? If you want to go the anonymous way, then keep it up and never go back to the old, more "convenient" ways because then the anonymization would be in vain. I'd use an airgapped PC for my anonymous coins and another online separate PC with a dedicated live session for each transaction I'm broadcasting. Tails or Whonix are great options to go for, but I wouldn't use Whonix on Windows with VMware/Virtualbox. Use Linux (or Qubes) instead.

Also, if you want to use live sessions to broadcast txs from your cold anonymized wallet, never import the master pubkey. Instead, import only the addresses you will need for that specific transaction. As Electrum will be used in SPV mode, if you import all the addresses from your wallet using the master pubkey, the server will know all those addresses from your wallet are owned by 1 single person.

Also, when using Wasabi, remember there is a change you should take care of. You may find yourself having lots of outputs of ~0.1BTC in your wallet and just as many change addresses worth less than $10 each. Linking change back together while still respecting the privacy coinjoins provide is a pain in the arse.

Not really. They have your IP, your browser fingerprint, your location and so on. Can't call "anonymous" a website that logs data which could easily be used to identify you.

Since Tor IPs are often banned as some users abuse them and try doing malicious stuff through them, Binance will most likely either ban your account or freeze your funds if you attempt hiding your IP through Tor as well. Bisq is the only safe option we currently have as a replacement for centralized exchanges.

The very short answer to the all question above is to avoid using centralized exchanges when are buying bitcoin, hodl hodl is an example of decentralized exchanges. Also, try to never use the website when they ask you for the KYC info or they will ask for the KYC info soon because they can track the transaction easily. Always mix the coin using a proper trusted bitcoin mixer. If you bought bitcoins from centralized exchange try to mix the coin and clean them. try to use Tails OS and tor network if you are going to stay anonymous and safe.

You want to be anonymous and exchange on decentralized exchanges is a possibility. Currently, the exchanges are reputable and have a high trading volume in terms of trading volume they have required by KYC forms and if you do not KYC you can withdraw 2 BTC per day this can still help you hide name. you can sell BTC to Coinomi wallet , trust , saffepal ... in this case you remain anonymous if you don't let people know your real identity address.

stay anonymous is keep to your own wallet not centalized wallet like exchange, or online wallet who doesnt give seed phrase
mixing when u want to deposit and withdraw but yeah the fee itself will make u mad  using wrapped bitcoin and do the transcation on other chain to keep low on fee
using decentralized exchange for trade

and using p2p when withdrawing to fiat

Enhanced privacy against whom? If they are governments, they will need a lot to do based on the information your government has access to:

• Stop using block explorers.
• Stop using any centralized Bitcoin related service.
• Stop making your Bitcoin addresses public.
• Stop using block explorers.
• Always check using Tor with a computer dedicated to cryptocurrency.
• Create a full node wallet and then broadcast all your transactions using it.
• Use decentralized mixing services and platforms that do not require identity verification.

Finally, unless you are professional and careful, it is impossible to remain anonymous.

Do we think that Bitcoin mixers/tumblers will become useless as blockchain analysis gets better?

Will we create applications that analyze the blockchain well enough to see through mixed Bitcoin?