Has anyone used Wasabi Wallet to make their bitcoin untraceable?

Discussion in 'General Bitcoin Gambling Discussion' started by BitcoinAnarchist, Dec 5, 2018.

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  1. BitcoinAnarchist

    BitcoinAnarchist Member

    I've noticed from reading through the threads that many of you have had your CashApp and Coinbase accounts closed because you used these services to buy and sell bitcoin for gambling. These heavily regulated US-based exchanges use blockchain analytics to try and figure out if their customers are using the crypto they buy and sell on their exchanges for illegal purposes (like gambling in the USA). If they suspect your are using their service to buy/sell bitcoin for gambling, they will close your account.

    The good news is that there is a new wallet called Wasabi that mixes your BTC with the BTC of other users of the wallet which greatly improves the fungibility of the coins and makes it almost impossible for companies like CashApp and Coinbase to tell where your BTC came from so there is zero chance you'll have your account shutdown. Pretty cool huh!

    You can download the free Wasabi Wallet here https://www.wasabiwallet.io/
     
    BitcoinAnarchist, Dec 5, 2018
    #1
  2. Humble Servant

    Humble Servant Active Member Staff Member

    Thanks for the heads-up. I downloaded the wallet and got it setup but I think it's still a little bit techy for the average gambler to use. For instance, I had to use command line to launch it, which many people would be uncomfortable with. Have any other more user friendly wallets like BRD talked about integrating this technology?
     
    Humble Servant, Dec 6, 2018
    #2
  3. 4TheWin

    4TheWin Member

    I tried it on my Mac to mix some coins and it worked pretty flawlessly although it's definitely not for beginners. I think most wallets will eventually integrate this technology to improve fungibility but it's going to take a few years.
     
    4TheWin, Dec 17, 2018
    #3
  4. Toast

    Toast Member

    If you are a professional gambler who has won a ton of bitcoin, it's probably worth using a mixing wallet like this because in the future the IRS will probably using analytics companies to find people who have sold a ton of bitcoin without reporting it.
     
    Toast, Feb 5, 2019
    #4
  5. Humble Servant

    Humble Servant Active Member Staff Member

    For large amounts it's better to be safe than sorry but I would recommend only mixing small amounts of coins at the beginning until you are comfortable with this new experimental software. I've tried it and it works great but it's not the most user friendly and I would hate for anyone to lose their entire bitcoin stash.
     
    Humble Servant, Feb 12, 2019
    #5
  6. Doyle

    Doyle Member

    i heard on a podcast that you shouldn't withdraw the same amount from wasabi because it will be obvious to trackers it's the same person making the deposit/withdrawal so stagger your withdrawal with different amounts to different addresses to make things more difficult for them.
     
    Doyle, Feb 20, 2019
    #6
  7. BeastyBoy

    BeastyBoy Member

    I heard that Wasabi is under attack by tracking companies who are sending tiny dust amounts of BTC to wasabi wallets so that they can track the bitcoin once it is withdrawn.
     
    BeastyBoy, Mar 20, 2019
    #7
  8. Header

    Header Member

    Before I send any bitcoin to Cash App or Coinbase, I clean them through Wasabi first so that they won't close my account. Wasabi makes it impossible for exchanges to tell where the coins have come from.
     
    Header, Jun 20, 2019
    #8

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