Users of Ether and other tokens on the Ethereum Network still have legal and valid reasons to hide the source of their crypto. Since what was, for all intents and purposes, the shut down of Tornado Cash… once the premier Ethereum mixer… the best solution is to use Monero.
How to Use Monero to Obfuscate the Source of Your ETH
If you want to anonymize the source of your Ethereum (ETH), you can use Monero (XMR) as an intermediary. By converting ETH to XMR and then back to ETH through different no-KYC exchanges, you can effectively break the traceability of your transactions.
Step-by-Step Guide:
- Convert ETH to Monero:
- First, choose a no-KYC exchange to convert your Ethereum to Monero. Platforms like XChange or eXch are currently the least expensive and most trusted services.
- Follow the exchange’s instructions to swap your ETH for XMR.
- Wait and Use a New Exchange:
- After acquiring Monero, wait for some time before converting it back to Ether. This adds another layer of obfuscation.
- Use a different no-KYC exchange to convert back. This can help avoid any potential linkage between your initial and final transactions.
- Send ETH to a New Wallet:
- When you convert Monero back to Ethers, ensure you send it to a brand-new Ethereum wallet that hasn’t been used before. This final step breaks any remaining ties to your original ETH source.
By following this process, you leverage Monero’s built-in privacy features and the anonymity offered by no-KYC exchanges to effectively anonymize the origin of your ETH transactions. This approach provides a practical alternative for those seeking to preserve their financial privacy in the evolving regulatory landscape.
