So is buying bitcoin with bank transfer a big no no?

I normally buy my bitcoins with a bank transfer to the vendors account. Obviously this is connected to my identity and I tumble through multiple wallets am I fucking myself by doing this? Is the only way to do cash deposits?

If LE ever asked could I just tell them I used the bitcoin fr gambling/ cam girls?
Obviously I am a newb so advice is greatly appreciated!


Comments


[2 Points] sapiophile:

Sending coins through multiple wallets is not "tumbling," and it does not provide nearly the same security as actually mixing your coins with other people's.

Think about it. You're moving the complete, full bitcoin balance of one wallet to another, over and over. Is that a normal pattern of usage? Sure, you just "happened" to find some person to buy exactly that many coins off of you, and then they found one, too (less fees), and then they found one too? That doesn't sound very plausible.

I would use Helix or a couple rounds of JoinMarket. Or, if you want to play it fast and loose, you might as well just use one intermediate wallet. But using a whole chain of intermediate wallets is not really gonna do much to obscure the coins, in my opinion. They need to be joined with other people's coins.


[3 Points] LittleSk1pper:

Tumble or send to a mediary wallet. I've used Coinbase for over a year and sell coins on LocalBitcoins as an aliby for my account. Just don't be stupid and transfer directly from wallets associated to your identity to ones used in DNM transactions.


[2 Points] obsidianchao:

As long as they're going through a bunch of wallets, no. Nobody knows what wallets you own. For all they know, you sold the coins to a buddy.


[2 Points] hdheuud:

When doing something illegal ask yourself this question.

Can they prove it was me?

If the answer is yes, don't even consider it.

If the answer is no, have fun.


[1 Points] 3bun:

Buying bitcoins isnt illegal so I dont know if you are saying that I'm in the clear or not


[1 Points] footlockervip:

tumbling through multiple wallets is not tumbling. there is still a clear a-c taint.