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HomeBitcoinprivateness - Utilizing on-line trade like ChangeNOW or FixedFloat to create anonymity?

privateness – Utilizing on-line trade like ChangeNOW or FixedFloat to create anonymity?

Assuming you are searching for monetary privateness from different community individuals, sure most likely. Else it will depend on what sort of info entry your hypothetical adversary has.

I am not acquainted with any of the three companies. Cursory search appears to point that they’re centrally operated, however some are known as “non-custodial”. It isn’t apparent to me, what mentioned characteristic is meant to ivolve precisely or how it’s applied, however I did not attempt too laborious to search out out.

I didn’t see any indication or guarantees that the companies don’t hold logs. In actual fact, since a few of these companies promote their nice buyer help, I might anticipate them to maintain complete logs so as to have the ability to reply to buyer help requests. Clearly, no one however the staff (or perhaps even only a subset of them) can inform you what the precise inner knowledge retention practices of those companies are.

That being mentioned, buying and selling to a different coin will disintermediate your transaction historical past to all however the trade that facilitated the commerce (“swap trade”). Relying on how the swap trade receives the deposits or facilitates the commerce, the service that you simply initially bought from (“authentic trade”) wouldn’t essentially know who you despatched to, however particularly would have nearly no probability to attach it to the later cost that despatched you the opposite foreign money, besides maybe by the quantities transferred and the timing or through mixed info from authentic and swap trade.

There are nonetheless information of:

  • your authentic buy on the authentic trade along with your full buyer data
  • the onchain file of the switch(s) connecting the unique trade and the swap trade
  • the file on the swap trade the place you hopped chains
  • the onchain file of the withdrawal from the swap trade
  • pockets fingerprints, transactions you made, and so forth. that may be linked by a sufficiently motivated sleuth

So, it does enhance your privateness from different community individuals on the whole, however relying on what your menace mannequin is, an adversary would possibly a) simply ask clients of the unique trade what they did after buying there, and usually assume that you simply nonetheless personal the cash until you present info that convinces them in any other case, or b) assuming that your purported adversary has entry to the logs of each companies merely be capable to observe the trail fully.

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