Use privacy preserving coins such as Monero instead of Bitcoin as it is much more safe. Not bulletproof, but much better.

Monero also complicates any type of investigation much more than Bitcoin. It is very hard for investigators. They also don't want to burn techniques unless the case is absolutely massive.

Also make sure to never use an exchange that forces KYC.

▲

cheschire 2 hours ago | parent | next [-]

I also noticed on a darkweb site that keeping monero in an escrow account is used to further muddy the trail. Not sure how effective that actually is though.

▲

rajamaka 2 hours ago | parent | prev | next [-]

Seems to be the case that the conversion to fiat is the part that is difficult to do while staying anonymous

▲

Ms-J 2 hours ago | parent [-]

As long as one takes moderate measures to stay anonymous on the network level, an exchange that is P2P or doesn't force KYC can be used to convert. There are many of them out there.

Fees may be higher is a note.

	▲	chistev an hour ago \| parent [-]
		But without p2p there is greater risk of scam?

▲

idiotsecant 2 hours ago | parent | prev [-]

Monero is great so long as you don't care about conversion to cash. That part is ... tricky.

▲

SchemaLoad 2 hours ago | parent | next [-]

Of course it's difficult. Even if you could convert it to cash you wouldn't be able to deposit in any bank or meaningfully use it. The moment you do anything with it you'll trigger anti money laundering laws and have to explain where the money came from.

▲

Ms-J 2 hours ago | parent | next [-]

It isn't very difficult, see my earlier post. Once successfully converted the cash can be used in a multitude of different ways.

With an imagination and taking proper anonymity safeguards, the possibilities are endless.

▲

solumunus 2 hours ago | parent | prev | next [-]

Well yeah, you also have to launder the money if you’re a criminal enterprise…

	▲	wmf an hour ago \| parent [-]
		From a criminal perspective you may not have to launder it. Just deposit your XMR/ZEC into an exchange and sell it. If they ask, say you bought it years ago at $10.

▲

metadat 2 hours ago | parent | prev [-]

Hot-dog sales outside NY stadium.

Seriously though, the days of easy tax avoidance are long gone at this point. Welcome to The Matrix of America.. and China.

▲

arctanJimmy 2 hours ago | parent | prev [-]

> Monero is great so long as you don't care about conversion to cash. That part is ... tricky.

Make no mistake, this is not coincidence. It's hard because non auditable financial transactions would undermine the fiat issuers authority.