Buying and Using Bitcoin Anonymously Without ID (2020 Updated)
ANON - The Anonymous Revolution Has Begun
The mission of the ANON team is to provide the crypto community with a transparent forking process for an Anonymous coin. It is fairly ironic to think about, an Anonymous coin is the opposite of transparent, yet our team is transparent from the beginning. Hopefully, by being transparent through the entire process and adding weekly updates we can demonstrate to the community the benefits a fork can provide (masternodes, Anonymity, a supportive community, new utility use cases, exchange support).
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My goal is to make anonymous Bitcoin and Lightning payments. I'm thinking of doing the next steps.
I use fiat to buy bitcoin on a standard exchange. This exchange has KYC. There is a link between my identity and the bitcoins.
I create an account on Bitfinex. Bitfinex doesn't need KYC if you only work with crypto.
I transfer my Bitcoins to Bitfinex and buy Monero
I transfer my Monero to my Monerujo wallet on my phone.
On my phone, I install Lightning Labs, Lightning wallet. (Or Eclair).
I use XMR.to and convert my Monero to Bitcoin, using the Bitcoin address of the lightning wallet.
I open a channel using the Bitcoins.
I use the Lightning or Eclair wallet for standard bitcoin and lightning payments.
Am I correct that my bitcoin or Lightning payments are now entirely anonymous? I will use another Bitcoin/Lightning wallet for payments linked to my identity, for example, charge phone or pay for a hotel room.
I was doing some research into Monero's anonymity & how the public ledger is obfuscated making it impossible to track the transaction history of a monero coin. However this gave my an idea, I've heard of bitcoin tumbling services before but I view this as encryption, makes it really hard but not impossible to track. Lots of coin to coin exchanges don't require an account, so you could in theory have 2 bitcoin wallets & 1 monero wallet. Over tor trade the bitcoin for monero, then on another separate exchange trade that monero back into new bitcoin fully destroying any link between the 2 currencies. This would be a lot cheaper, secure, & faster then a tumbling service, however I am not a professional in this field, just a security conscious geek. What are your thoughts on this, & is this a sound method on anonymizing your bitcoin?
How / where should I buy if I want to buy BTC anonymously, fast and without ID verification and bank account. Is localbitcoins a good choice? Thought about buying Bitcoin with Paypal there. btw I live in Germany.
Another anonymous way of dealing in Bitcoin transactions is doing face-to-face cash transactions. Services like Localcryptos provide this service. How is a face-to-face interaction through an Escrow service anonymous? Follow the recommended do’s and don’ts to stay anonymous on Localcryptos: Always Access Paxful using a VPN or Tor. Bitcoin is not anonymous, but, rather, pseudo-anonymous. By now, most Bitcoin veterans know this. It’s less obvious to many, however, why Bitcoin is not really anonymous by default, and what can be done to de-anonymize Bitcoin users – and what Bitcoin users can do to reclaim their privacy. While Bitcoin is still far more private than credit cards, it’s still much less anonymous than cash. The way Bitcoin works, all Bitcoin transactions are stored in a public ledger called the blockchain. The data stored in each of these transactions includes a bitcoin payment amount, the Bitcoin addresses of the sender, and the Bitcoin address ... Bitcoin has many advantages as a currency including being very secure, but it's not private or anonymous. However, you can buy and pay with bitcoin anonymously if you take the right precautions. We explain how to do this step-by-step in this post. A South African group calling itself "Anonymous ZA" has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin ...
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