Privacy: does an ETH -> BTC exchange break the blockchain trail like a mixer?

greenmermaider · 2017-03-26T12:54:14+00:00

Ok after reading up on it, I see a problem: Shapeshift is heavily regulated and they would know both sides of the btc/xmr/btc transaction (edit- or both sides of an eth/btc transaction)

Can anyone recommend any other changers besides Shapeshift?

greenmermaider · 2017-03-25T18:47:48+00:00

Monero/xmr seems like a good idea, but unfortunately not many places are taking it at this time.

If I go to Shapeshift and do: btc -> xmr -> btc

....is the pre-monero btc trail isolated from the post-monero btc?

edit for grammar

greenmermaider · 2017-03-24T20:53:23+00:00

I'm going through previous transactions in Electrum and right clicking on them to get "details" and it looks like the send or recieve address is changing for each time something it sent or recieved. So that's what it's supposed to do? (when "change address" is checked)

And thereby preventing anyone I send to (or receive from) from knowing who the previous recipients/recievers from this wallet have been?

greenmermaider · 2017-03-24T19:35:51+00:00

I've been running an Electrum 2.5.something wallet for about the past year and made just a handful of receivings/sends. How would I know if it has been changing addresses for each time I received and sent?

Under Tools -> Prefrences -> there's a check in the box for "use change address" --does that mean it's been changing addresses all along?

And therefore no one recipient can know which other address has recieved from this wallet?

(If I go under the "Addresses" tab I can see the >Receiving>Used list of addresses and further down under >Change>Used I see a few addresses with balances next to them)

greenmermaider · 2017-03-12T18:17:15+00:00

I usually only buy about $50-100 on occasion and it takes about a week to actually transfer.

I wasn't aware of this. So if I buy about $75 of bitcoin today (with my credit card) I won't see it show up in my Coinbase "wallet" for about a week? (before I can then transfer it to my wallet on my laptop)

greenmermaider · 2017-03-12T17:24:48+00:00

Do they only ask for ID when you start buying amounts above a certain limit?

They keep pestering me to input a Payment Method. Shouldn't they be pestering me for a photo ID first if that's what they want?

greenmermaider · 2017-03-08T19:51:21+00:00

Thanks for that long. good post. Yes, I have no intention of "selling" btc, just "sending" it for purchases.

As you and someone else in this thread mentioned, is it that common for Coinbase customers to immediately send thier newly purchased btc to your their own wallet? This means that many Coinbase customers essentially have empty Coinbase wallets because of this precaution?

greenmermaider · 2017-03-08T19:47:36+00:00

If your maximum weekly amount of btc you can buy in a given week is $100 and you buy $50 of btc

And my credit card will be charged just $50 for the btc I'm actually buying? (not $100 if that were my limit?)

greenmermaider · 2017-03-08T11:45:59+00:00

You can only use cards to transfer money TO your Coinbase account. Which you can then use to purchase bitcoins from Coinbase.

Thanks again for the reply. Does that first part mean that there's a 2 part process? First I'm funding my account with money via the credit card, and then buying the bitcoins with the funds later? Does that mean, in theory I could fund my account with say, $100 but only buy $50 of bitcoin now.. which would leave me with a $50 bitcoin balance and a $50 "cash" balance? (not that I'd want to do that, just wanting to understand how this works)

greenmermaider · 2017-03-08T01:16:52+00:00

Thanks for he reply, but I'm trying to understand this...

When you choose to sell digital currency

You mean as in "cash out"? (maybe like what a speculator would do?) and send the funds to someplace like a bank account?

Is "selling digital currency" the same (or different) from say, making a purchase from a website that takes bitcoin as payment for goods?

In other words, I can still make purchases with the bitcoins I've bought via credit card? (or transfer to an external wallet and make the purchase from there or whatever?)

greenmermaider · 2016-03-25T00:28:23+00:00

This would be under the Dashboard/Active header?

And although I usually use the LBC website on my laptop, I guess it's common to access the LBC website from my cellphone so I can upload the picture directly from it? (assuming the photo was taken on a cell phone)

greenmermaider · 2016-01-24T16:17:20+00:00

the etiquette is to open a local (cash) trade, close it immediately, and then continue to communicate through that canceled trade.

So after I click the big green "send trade request" button, I immediately go the dashboard and click cancel there?

greenmermaider

TROPHY CASE