And if you simply have multiple wallets and try and maintain the appearance of being disconnected, can you move funds between them without establishing a connection that unmasks you?
well the idea is to obscure it to someone looking from the outside, give enough information it can still be traced - but that's usually only possible by infosec agencies which is typically what they have access to already with normal banks.
to clarify: it can be hard to prove that two crypto addresses are the same people
There's a whole industry of commercially available products that analyze blockchains transactions for the purpose of tracing them. Anyone can simply buy these services. It is functionally accurate enough to find and prosecute criminals.
Let’s say you need three transactions a week, that’s 150 a year. How do you get the right amount of funds into these wallets? How will you get your money out? How will they not be able to track you anyway? As far as I know, you just make the identifiable wallets one hop away.
Again, I’m assuming traditional “old school” non-privacy cryptocurrencies.
There are tumbling services, where you for a fee can mix upp your transaction with lots of other users transactions to make it less obvious you where the one that transfered the credit to your burner wallet.
Kepp in mind, tumblers have also been found to keep logs that ended upp in law enforcement.
Well by design you receive crypto currency in different wallets to begin with and what funds to use, well that's simple - whatever wallet has enough cryptocurrency to cover the transaction.
Do you mean a wallet per transaction?
And if you simply have multiple wallets and try and maintain the appearance of being disconnected, can you move funds between them without establishing a connection that unmasks you?
well the idea is to obscure it to someone looking from the outside, give enough information it can still be traced - but that's usually only possible by infosec agencies which is typically what they have access to already with normal banks.
to clarify: it can be hard to prove that two crypto addresses are the same people
There's a whole industry of commercially available products that analyze blockchains transactions for the purpose of tracing them. Anyone can simply buy these services. It is functionally accurate enough to find and prosecute criminals.
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Let’s say you need three transactions a week, that’s 150 a year. How do you get the right amount of funds into these wallets? How will you get your money out? How will they not be able to track you anyway? As far as I know, you just make the identifiable wallets one hop away.
Again, I’m assuming traditional “old school” non-privacy cryptocurrencies.
There are tumbling services, where you for a fee can mix upp your transaction with lots of other users transactions to make it less obvious you where the one that transfered the credit to your burner wallet.
Kepp in mind, tumblers have also been found to keep logs that ended upp in law enforcement.
Well by design you receive crypto currency in different wallets to begin with and what funds to use, well that's simple - whatever wallet has enough cryptocurrency to cover the transaction.