Changes between Version 3 and Version 4 of PublicBitcoins
- Timestamp:
- 04/30/13 09:47:38 (12 years ago)
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PublicBitcoins
v3 v4 34 34 One generic way of providing some obfuscation is, once you've exchanged your local currency into bitcoins, to then pass them around between a number of different 'wallets' before transferring them onto someone else. Unfortunately, this ''is'' just obfuscation, as the [http://eprint.iacr.org/2012/584.pdf paper (pdf)] we mentioned earlier indicates. 35 35 36 A n alternative is to use an intermediary (or, more than one!) to transfer money from your home currency into bitcoins. For example, if you live in the UK, you can use [http://transferwise.com TransferWise] to transfer money from your account to a EUROs account run by a bitcoin exchange - for instance, [https://bitstamp.net bitstamp.net], who have lower rates than [https://mtgox.com Mt Gox] (the biggest online bitcoin exchange). Using this method, !TransferWise would know the bank details of origin - and hence who was transferring the money, even if you used a pseudonym - but the 'final destination' (i.e. bitstamp.net) would only be presented with the information of !TransferWise. Thus, if the bitstamp net account is registered anonymously (for instance, an account created from a net cafe over [http://tor.eff.org Tor]), then maximum privacy would be ensured.36 A better way can be to [https://localbitcoins.com/buy_bitcoins trade Bitcoins locally], paying by cash, not providing your real identity. Make sure you buy from someone with a positive track record and you have checked the latest exchange rates. 37 37 38 An alternative is to use an intermediary (or, more than one!) to transfer money from your home currency into bitcoins. For example, if you live in the UK, you can use [http://transferwise.com TransferWise] to transfer money from your account to a EUROs account run by a bitcoin exchange - for instance, [https://bitstamp.net bitstamp.net], who have lower rates than [https://mtgox.com Mt Gox] (the biggest online bitcoin exchange). Using this method, !TransferWise would know the bank details of origin - and hence who was transferring the money, even if you used a pseudonym - but the 'final destination' (i.e. bitstamp.net) would only be presented with the information of !TransferWise. Thus, if the bitstamp.net account is registered anonymously (for instance, an account created from a net cafe over [http://tor.eff.org Tor]), then maximum privacy would be ensured. 38 39 39 40 41 40 This method can also be fully anonymous if you buy [http://www.ukash.com/ Ukash] or a [https://www.paysafecard.com/ Paysafecard] in the streets (usually in small shops), where you should be able to do so without providing your identity. These can then be exchanged to bitcoins at [https://www.virwox.com/ Virwox.com] (by intermediary exchange to Linden Dollars), or, cheaper, by trading over the counter. Obviously the intermediary exchange account shouldn't be registered on your identity for this approach to provide anonymity.
