posted ago by PyramidsAreCrazyShit ago by PyramidsAreCrazyShit +12 / -1

I think this will help other passerby here as well. A lot of frequently recommended services here on r/privacy accept Bitcoin as payment. However, many users would prefer to keep these donations/payments as private as possible.

(I know there are other cryptos out there, but Bitcoin remains the most frequently accepted.)

Comments (14)
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Pray_for_Trump 3 points ago +5 / -2

You can't. Bitcoin block chain keeps record of who used that Bitcoin. If you want privacy virtual currency check into Monero.
See video here: https://www.youtube.com/watch?v=zb18XJmc7CM

Poopybuttboy 6 points ago +6 / -0

You can have anonymous bitcoin, just not from an exchange. If no one can connect your wallet address to your person its still anonymous.

CoolAsACucumber 4 points ago +4 / -0

Use a bitcoin mixer to make your wallet anonymous.

Torrvarpen 3 points ago +3 / -0

A common way to do it would be coin mixers which means yours and many other coins are sent to a smart contract only to be mixed up and then they are sent to destination. With today's transaction fees however that option is not the most viable.

For true privacy use Monero instead, any company that accepts crypto and respect users privacy will accept both Bitcoin and Monero. Here's a great list of merchants accepting Monero: https://www.getmonero.org/community/merchants/

Last option would be decentralized exchanges, kyber, bancor and some more. They don't require KYC so you just exchange Bitcoin for some other coin then back to Bitcoin (if Bitcoin is really the only option), the principle is the same as coin mixers but the method is more secure.

Beware of scams tho, many phishing sites exist with the sole purpose to steal your coins while pretending to be a mixing service. From a legal perspective it's hard to prove that you did anything wrong even with direct Bitcoin payments, assuming you bought them via KYC exchange.

Grathgor 2 points ago +2 / -0

Can you exchange non-private Bitcoin for Monero and anonymize the Monero?

Torrvarpen 2 points ago +2 / -0

The exchange itself would do that, if you use a non KYC exchange or decentralized exchange. Then if someone trace your Bitcoin transaction history they see how it goes to one address they can't prove belong to you, because it doesn't.

Then when you receive the Monero, or any other coin you might wanna exchange too it comes from the exchange address that receives and sends coins all the time to all kinds of places. Whatever you exchange too could never be traced back to you.

The only exception would be centralized KYC exchanges.

PyramidsAreCrazyShit [S] 1 point ago +1 / -0

"any company that accepts crypto and respect users privacy will accept both Bitcoin and Monero."

The most promoted secure email in this community is ProtonMail. They don't accept Monero. They do accept BitCoin.

Torrvarpen 1 point ago +1 / -0

They protect the content of your emails from leaking, but won't protect your identity. Hence secure, but not privacy respecting.

CoolAsACucumber 2 points ago +2 / -0

Use a bitcoin mixer that mixes up bitxoin wallet addresses.

hermes_triphallus 1 point ago +2 / -1

Back in my day we had trusty bitcoin mixing services. Then they started selectively scamming or outright rugpulling. Now we have Monero and all is good :)

CoolAsACucumber 1 point ago +2 / -1

There are still bitcoin mixing services and they're not scams. Tell him about Monero but quit shilling something he has that isn't bad.

deleted 1 point ago +1 / -0
zippy2 -2 points ago +1 / -3