Tumbling via Altcoin exchanging...

Ive noticed a lot of people around here asking what tumblers to use... I figured Id share this little trick...

  1. Open an account with an altcoin exchange (Cryptsy, or something similar).

  2. Send bitcoin to exchange

  3. Buy full BTC value of any random Altcoin

  4. Immediately sell altcoins for BTC value (even a small profit if you're lucky)

  5. You now have randomised BTC from all the other buyers on that altcoin market, instead of the incriminating BTC you purchased from coinbase/earned on the dnms.

Any flaws to this Im missing?


Comments


[2 Points] ooooooooo51:

  1. Open an account with an altcoin exchange (Cryptsy, or something similar).

  2. Send bitcoin to exchange

  3. Buy full BTC value of any random Altcoin

  4. Shady exchange gets "hacked" you lose everything

Or

  1. Immediately sell altcoins for BTC value (even a small profit if you're lucky)

  2. Attempt to withdraw, get cockblocked by exchange kyc dept who demands identity, you lose everything.

Also your plan doesnt make any sense unless you exchanged into an anon alt like darkcoin or monero 5.


[1 Points] Serendeepity666:

Please tell us the fees involved in buying the altcoins then converting back. Also the fees, if any, of withdrawing.


[1 Points] earthmoonsun:

Yes, it's a good way.
However, there's a little risk that the exchange records and keeps all trades and might give someone this information on request.

Therefore, I would send the alt coins to another exchange to sell them for Bitcoins. Of course, everything should be done with Tor, or even better Tails.