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If an exchange wallet sends XRP to a regular paper wallet, what are the chances of someone figuring out who sent the XRP from the exchange wallet?

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Trying to figure out the level of privacy of the sender from an exchange wallet.

If an exchange wallet sends XRP to a regular paper wallet, what are the chances of someone figuring out who sent the XRP from the exchange wallet?

 

Thanks!

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Chances are 98% (that's IF they really want to know, and they know who to ask... it's called immutable for a reason)

2% chance of maintaining privacy because there are still some exchanges out there that aren't doing proper KYC...
so if you dig deep enough, you can preserve your anonymity, but if you're using standard exchanges with proper KYC, 
you're transactions are completely traceable.

 

The truth is, it's something they have to dig for.  So unless they have a REASON to go tracing after you, it's not going to happen.
There's lots of ways of "laundering" still available; for instance, using online casinos.
And I'll just leave it at that.  Hope that helps.

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32 minutes ago, increasedwisdom said:

Chances are 98% (that's IF they really want to know, and they know who to ask... it's called immutable for a reason)

2% chance of maintaining privacy because there are still some exchanges out there that aren't doing proper KYC...
so if you dig deep enough, you can preserve your anonymity, but if you're using standard exchanges with proper KYC, 
you're transactions are completely traceable.

 

The truth is, it's something they have to dig for.  So unless they have a REASON to go tracing after you, it's not going to happen.
There's lots of ways of "laundering" still available; for instance, using online casinos.
And I'll just leave it at that.  Hope that helps. 

Lol. You only need to provide your information if you intend to withdraw to FIAT on the major exchanges.  

 

If you're worried about privacy, you need to convert it to bitcoin, go tumble it, create a new exchange account, send bitcoin, change to xrp, then send to paper wallet (preferably a brand new one).

 

Who am I?

Edited by LucidRain

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Just now, whiteout said:

Wouldn’t it be better to run your value through a privacy coin rather than a bitcoin tumbler?

Probably, I haven't had a need to be that private in a while so I'm a little bit outdated. 

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2 hours ago, increasedwisdom said:

Chances are 98% (that's IF they really want to know, and they know who to ask... it's called immutable for a reason)

2% chance of maintaining privacy because there are still some exchanges out there that aren't doing proper KYC...
so if you dig deep enough, you can preserve your anonymity, but if you're using standard exchanges with proper KYC, 
you're transactions are completely traceable.

 

The truth is, it's something they have to dig for.  So unless they have a REASON to go tracing after you, it's not going to happen.
There's lots of ways of "laundering" still available; for instance, using online casinos.
And I'll just leave it at that.  Hope that helps.

Thanks, I'm not trying to be that private. Nothing illegal. 

I guessing based on your answer, that the average Joe, even one who has great computer and programming skills will be unable to trace it back to the exchange account holder unless he can obtain the info illegally. In other words, noone can crack who it came from unless they are obtaining it for the law, or they are obtaining info illegally. Is that correct? 

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 Most exchanges use just one large wallet and issue its customers IOU. So if you were to buy from an exchange and send to a wallet then whoever has the public key for that wallet can see which exchange it came from. That really is the extent of it publicly. If you are law enforcement with warrants I am sure they can get the information because exchanges keep track of everything. Even if you do KYC through the exchange and link your bank account, the new wallet that receives the XRP won’t have any information other than a giant exchange XRP wallet being the sender.

Edited by Rickyh89
Fix text to speech gibberish

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