Trustless bitcoin mixing

Trustless bitcoin mixing purchased from your real online identity. 5 3 0 9 0 9 5.

2 5 41 5 45. 7 5 109 5 110. 4 124 17 124 18. While it’s often touted as a way to move money anonymously, this is difficult to achieve in practice. ID and use a bank account in your own name to purchase coins. All transactions are also publicly recorded in the Bitcoin Blockchain meaning the movement of your coins can be traced from the initial purchase to other payment addresses. A person who wants to protect their privacy first sends their Bitcoins to the mixing service, who will then swap their coins for someone else’s of equivalent value, less a small commission.

The user can then withdraw these new Bitcoins from the mixing service to a new wallet. This makes it extremely difficult to link your Bitcoins to your identity by examining transactions along the Blockchain. Bear in mind that if you send your virtual coins to a mixing service which is unreliable or operated by a scammer, you’ll lose your Bitcoins. We encourage you to do your own research to find a trustworthy service. It can boot from a DVD or USB stick on your machine. After you’ve finished using it, no trace of your activity will be left on the target machine. This makes TAILS perfect for privacy-related tasks like Bitcoin mixing.

TAILS also shunts all internet connections through the anonymizing Tor network. In this guide, you’ll use this to make sure your IP address isn’t linked to your Bitcoins. As your IP address can be linked to these, first you’ll use TAILS to create a temporary holding wallet for your coins before mixing them. The program will first display a warning saying that your Bitcoins will be lost if the machine restarts.

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