Silk Road forums
Discussion => Security => Topic started by: techmo on December 10, 2012, 12:51 am
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Hi,
I've been using bitcoinfog as an intermediate between my exchange and SR to get coins to my SR wallet. They charge up to 3 percent which is substantial for a service that I don't know offers any benefit. I've read that blockchain wallets also mix coins. Can anyone tell me what the difference is?
Also, is it really necessary to use bitcoinfog to get coins *to* SR (I'm talking less than like 75BTC), or is this service more for those who are trying to withdraw large amounts of btc as cash?
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It's my understanding that there is no need to mix coins before depositing on SR because
1. The address you deposit to is unique and is only used once.
2. SR has a built in mixer that mixes the coins for you with no fee.
3. You're a small fish in a big pond.
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Blockchain charges I think 1.5%, other than that I think its pretty much the same as bitcoinfog. I never use any mixing services though, personally I don't see the point in paying a fee when I can move the coin around a bit myself for free and when you use large wallets like instawallet its doing pretty much the same thing as a mixing service. Plus SR has a coin mixer.