Do you tumble bitcoin after buying it?

[SayNoToDrugs]

Back in 2014 i got banned from coinbase for paying sources directly from my coinbase wallet. To this day now i can’t use coinbase or GDAX.

Ever since then I’ve always tumbled my coins, but wondering if there are better other options out there, to put some separation from me and the exchange i bought the bitcoin from. My main concern isn’t the gubbernment, but just the exchange blacklisting me.

So what do you all do?

 

[halfjack]

shapeshift.

 

[Jeffg353]

Buy on the exchange then transfer to 2nd wallet n then to source. Tumbling them is just an added expense. For the most part it’s all traceable.

 

[Nuts2Butts]

Jeffg353" pid='11588' dateline='1525525405:

Buy on the exchange then transfer to 2nd wallet n then to source. Tumbling them is just an added expense. For the most part it’s all traceable.

This.

This is all I’ve ever done. No Tails, and all of the other nonsense.

Tumblers actually make the problem worse, because your coin ends up being tumbled alongside actual narcotic money. Your odds of getting a ban from Coinbase is higher from tumbling than it is to just send to a 2nd wallet. Coinbase doesn’t really give a shit about the transactions that happen after you leave the wallet in their control.

I mostly use Gemini because they don’t charge me sending fees. Coinbase is only good if you want to buy Litecoin or Bitcoin Cash, IMO. Coinbase charges $3 per transaction, plus market sending costs if it exceeds $1. Gemini sent my coin from their account to my wallet when BTC transfers were $20 - for free. And the transaction fees are only 1% or $1.50 whichever is higher. Literally 1/2 coinbase fees.

I really don’t like Coinbase and don’t suggest them. They’re a last resort IMO.

 

[SayNoToDrugs]

Nuts2Butts" pid='11595' dateline='1525527575:

I mostly use Gemini because they don’t charge me sending fees.

I really don’t like Coinbase and don’t suggest them. They’re a last resort IMO.

I’ll check out Gemini. Right now i’ve been using cex.io.

I’m still not sure how i got flagged with coinbase then. I’d assume most sources use a unique address for each customer. So i’m curious on a technical level how coinbase even raises the flag.

 

[Nuts2Butts]

SayNoToDrugs" pid='11675' dateline='1525561923:

I’d assume most sources use a unique address for each customer. So i’m curious on a technical level how coinbase even raises the flag.

You would assume that, wouldn’t you? Sadly not all do. Back in 2015 I placed an order with some dumbass, and I looked up the wallet value. It had over $10,000 in it.

This is why I always send to a 2nd wallet first. I also always look up the wallet I’m sending to. So far that’s the only one I’ve seen like that, but it could be what got you flagged.

I also never let my account balance drop below $100 on Gemini or Coinbase, and I always make sure my deposit has been in the account for over a month before sending it elsewhere. I don’t know how much that matters, but I’ve heard dumping money into the account and immediately sending it off is considered suspicious behavior by CB and GM.

 

[SayNoToDrugs]

Nuts2Butts" pid='11676' dateline='1525562736:

I also never let my account balance drop below $100 on Gemini or Coinbase, and I always make sure my deposit has been in the account for over a month before sending it elsewhere. I don’t know how much that matters, but I’ve heard dumping money into the account and immediately sending it off is considered suspicious behavior by CB and GM.

That’s a reasonable point as well. I always take the money and transfer it out immediately. Also i prefer to make fewer bigger orders rather than a lot of smaller ones so bigger amounts of money moving around. If I want to keep doing that I’ll have to keep a stash of Bitcoin on hand sitting in a wallet, spend that stash and replenish it using an exchange.

 

[dianabolman]

What does tumble mean

 

[Jeffg353]

dianabolman" pid='11783' dateline='1525628351:

What does tumble mean

Simplest terms it’s like selling the bitcoin to another person who sells it to someone else n then back to u. It’s a computer program that does it much faster than this n automatically but that’s kind of the premise behind it. It’s supposed to make using bitcoin more anonymous but given a little time n effort it can be traced back to u.

 

[dianabolman]

Jeffg353" pid='11808' dateline='1525641138:

dianabolman" pid='11783' dateline='1525628351:

What does tumble mean

Simplest terms it’s like selling the bitcoin to another person who sells it to someone else n then back to u. It’s a computer program that does it much faster than this n automatically but that’s kind of the premise behind it. It’s supposed to make using bitcoin more anonymous but given a little time n effort it can be traced back to u.

Okay yeah that makes sense, it’s funny to me that people try so hard it’s pretty much traceable no matter what

 

[RememberThePassword]

Jeffg353" pid='11588' dateline='1525525405:

Buy on the exchange then transfer to 2nd wallet n then to source. Tumbling them is just an added expense. For the most part it’s all traceable.

This is all I do. I tried the shapeshift route once and lost the coin I was testing. Luckily it was a token amount to test. If I were ordering really hard drugs to distribute I might look into better opsec but for what I’m doing.

 

[Jeffg353]

RememberThePassword" pid='12233' dateline='1525814791:

Jeffg353" pid='11588' dateline='1525525405:

Buy on the exchange then transfer to 2nd wallet n then to source. Tumbling them is just an added expense. For the most part it’s all traceable.

This is all I do. I tried the shapeshift route once and lost the coin I was testing. Luckily it was a token amount to test. If I were ordering really hard drugs to distribute I might look into better opsec but for what I’m doing.

There r other coins out there that offer more anonymity like Monero or zcash/Zerocoin n there’s a few others but unless ur source knows their shit they don’t usually accept those ones other than a few that take monero.

Trading bitcoin with ur source really isn’t the problem. The real problem is for the source to turn the bitcoin back into cash.

 

[RememberThePassword]

Jeffg353" pid='12240' dateline='1525817060:

RememberThePassword" pid='12233' dateline='1525814791:

Jeffg353" pid='11588' dateline='1525525405:

Buy on the exchange then transfer to 2nd wallet n then to source. Tumbling them is just an added expense. For the most part it’s all traceable.

This is all I do. I tried the shapeshift route once and lost the coin I was testing. Luckily it was a token amount to test. If I were ordering really hard drugs to distribute I might look into better opsec but for what I’m doing.

There r other coins out there that offer more anonymity like Monero or zcash/Zerocoin n there’s a few others but unless ur source knows their shit they don’t usually accept those ones other than a few that take monero.

Trading bitcoin with ur source really isn’t the problem. The real problem is for the source to turn the bitcoin back into cash.

Yeah I lost it when I did ETH to MON to MON Back to ETH. This is apparently very secure but very expensive. Shapeshift lost it at the MON to MON transaction.

 

[Jeffg353]

RememberThePassword" pid='12248' dateline='1525819755:

Jeffg353" pid='12240' dateline='1525817060:

RememberThePassword" pid='12233' dateline='1525814791:

Jeffg353" pid='11588' dateline='1525525405:

Buy on the exchange then transfer to 2nd wallet n then to source. Tumbling them is just an added expense. For the most part it’s all traceable.

This is all I do. I tried the shapeshift route once and lost the coin I was testing. Luckily it was a token amount to test. If I were ordering really hard drugs to distribute I might look into better opsec but for what I’m doing.

There r other coins out there that offer more anonymity like Monero or zcash/Zerocoin n there’s a few others but unless ur source knows their shit they don’t usually accept those ones other than a few that take monero.

Trading bitcoin with ur source really isn’t the problem. The real problem is for the source to turn the bitcoin back into cash.

Yeah I lost it when I did ETH to MON to MON Back to ETH. This is apparently very secure but very expensive. Shapeshift lost it at the MON to MON transaction.

Have u tried contacting their support