ELI5 Transferring between BTC wallets + anonymity

Yes, I know.. There's hundreds of posts like these but I'm looking for the why..

Coinbase ---> Blockchain ----> Electrum ------> DNM activity

Ok so let's say I buy some bitcoin from coinbase (that has my ID and all my information).. I then transfer it to a wallet such as blockchain I create with throwaway information... This wallet creates a new receive address every time I want to receive BTC.. So in coinbase's eyes, I'm sending the coin to someone new every time? From the blockchain wallet I'm gonna send it to electrum which also creates a new receive address I want to receive... So in Blockchain's eyes I send the coin to someone new every time? From Electrum I will conduct my DNM activities...

Isn't that built in anonymity? If so what's the use of blenders etc.


Comments


[3 Points] Immaloner:

Ugh! I hate saying this but I have to admit it's true. If you want true anonymity then forget BTC and go Monero. It's a pain in the ass but several markets support it now and you don't need to tumble it. My only hope is that it'll get easier to use as it becomes more widely adopted. Me too stoopid to yuz smartypants money.


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[1 Points] Al1ce1nunderland:

tumbling

path

And it's not about the wallet address per se it's about your IP being logged.

Maybe read the rest of the buyer bible as well


[1 Points] _PrinterPam_:

If so what's the use of blenders etc.

That's really for people looking to move significant amounts of money out of the system. For a small-time buyer, there's really no point. LE won't be coming after you in this fashion.


[1 Points] befree88:

Atleast you got zero anonymity. Just a question of time someone reverse your money path. I can't understand why people don't want to use monero. cheaper and SECURE, but a bit harder to setup. You decide how much is your freedom worth :)

(here some objective reasearch http://bitfury.com/content/5-white-papers-research/clustering_whitepaper.pdf )