Banning on coinbase

So i saw a thread or a comment recently about getting banned on coinbase if they find out you transfer your money to darknets. I know coinbase isnt the best option for getting bitcoin but my question is how safe is it to transfer coin from coinbase to tails electrum wallet to darknet market?


Comments


[3 Points] None:

[deleted]


[2 Points] 2000layers:

In my personal experience, I've had no problem doing exactly that process. Only a handful of times, but no ban yet. Alternatively, if you don't want to use a tumbler, I've read that you can send from coinbase to an electrum wallet, then to a different electrum wallet, and then to market. I typically do DD's so I avoid market scams, (only very established vendors but yes, vendors scam too) so I don't really have that issue. Although, if I need to take money from a market back to coinbase to sell my BTC, I do follow that process. There is absolutely no reason not to be safe and take a few extra steps to avoid being banned and flagged, so keep that in mind. Also, definitely use tails and public WiFi if you are able.


[1 Points] Anti-Hero_AU:

https://www.reddit.com/r/DarkNetMarkets/comments/4aulvu/coinbase_to_dnms/d143wkk


[1 Points] LSD_for_breakfast:

Is coinbase basically the equivalent of coindesk?


[1 Points] parapalindrome:

If coinbase and the like figure out you've been buying coins to spend on the DNM, they'll close your account.

To figure this out, they have to somehow know the market's receiving addresses, then they can inspect the blockchain to see if the address of your transaction is connected to a market's address. (I don't know how they find the market's addresses.) You can check how much one address is associated with another by checking its "taint."

Here's an example of bitcoin taint for a random receiving address. (This is an onion link. If you're on clearnet replace the base address with blockchain.info.) https://blockchainbdgpzk.onion/taint/1changef8tsUGFmx6989u93P3NBs5XFss

It shows the addresses that are associated with the destination. I.e. funds from those addresses have been moved to it through the network. You can check this yourself for any receiving address.

Ok, so let's say you send money from coinbase to a local electrum wallet on your clearnet computer. Then you send it to your tails electrum wallet. In the taint you'll likely see your clearnet electrum wallet address prominently! And then below that you'll see a bunch of addresses, presumably used by coinbase to gather the funds to send for your original transaction, then some that represent previous hops for the coins.

The best way to protect yourself if you want to continue to use coinbase is to try and sever that association entirely. That's what tumblers are generally there for. Even if you set up several intermediate wallets and bounce back and forth between them, you might not fully sever that association.

Armed with this information, you've got two options:

  1. Use a well-reviewed, trusted tumbler. There are a couple options in the Market Superlist wiki page. Most of them charge a 3% fee. I've used Helix Light and had a great experience, but make no mistake, you're handing your money to them and hoping for the best. :)

  2. Use a conversion service to turn your bitcoin into a different cryptocurrency, such as Monero, and then back. I have no experience with doing this and I understand it comes with its own fees. Some people feel it's safer than tumbling.

Well, the third option is: fuhgeddaboutit!


[1 Points] parapalindrome:

If coinbase and the like figure out you've been buying coins to spend on the DNM, they'll close your account.

To figure this out, they have to somehow know the market's receiving addresses, then they can inspect the blockchain to see if the address of your transaction is connected to a market's address. (I don't know how they find the market's addresses.) You can check how much one address is associated with another by checking its "taint."

To see an example of bitcoin taint grab a receiving address you used recently, or search up a random one on the web. Then go to blockchainbdgpzk.onion/taint/<COPY ADDRESS HERE> (or blockchaninfo.com on the clearnet).

It shows the addresses that are associated with the destination. I.e. funds from those addresses have been moved to it through the network. You can check this for any receiving address.

Ok, so let's say you send money from coinbase to a local electrum wallet on your clearnet computer. Then you send it to your tails electrum wallet. In the taint you'll likely see your clearnet electrum wallet address prominently! And then below that you'll see a bunch of addresses, presumably used by coinbase to gather the funds to send for your original transaction, then some that represent previous hops for the coins.

The best way to protect yourself if you want to continue to use coinbase is to try and sever that association entirely. That's what tumblers are generally there for. Even if you set up several intermediate wallets and bounce back and forth between them, you might not fully sever that association.

Armed with this information, you've got two options:

  1. Use a well-reviewed, trusted tumbler. There are a couple options in the Market Superlist wiki page. Most of them charge a 3% fee. I've used Helix Light and had a great experience, but make no mistake, you're handing your money to them and hoping for the best.

  2. Use a conversion service to turn your bitcoin into a different cryptocurrency, such as Monero, and then back. I have no experience with doing this and I understand it comes with its own fees. Some people feel it's safer than tumbling.

Well, the third option is: fuhgeddaboutit!


[1 Points] OldSchoolMethHead:

used coinbase fer yrs, moved tens of thousands an never tumbled, send to a blockchain.info wallet, then to market. still waiting to be banned? no where else can you buy with that low a fee's


[-3 Points] None:

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