My brother has setup a new 5d account but he doesn't have a blockchain account setup to fund it. I do. If I send bitcoin from my blockchain to 5d into his account, will they balk at it since it's not his blockchain account? Or can they not see who's blockchain account it is?
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If they have never seen the address the bitcoin was sent from they have no way of knowing. If you have sent to 5Dimes from blockchain previously and the sending address is the same then they may be able to detect it.
So to be completely safe I would suggest first sending bitcoin to another wallet you control and then send the 5Dimes deposit from there.
This is assuming 5Dimes takes issue with someone sending bitcoin on anothers behalf.Comment -
That’s a good question, they can tell, like icon said if you used the same wallet to deposit at 5dimes, but do they care? Dunno. I’d have him create his own wallet and send him the BTC and let him deposit from his own wallet. From reading other posts here some books do investigate where the BTC came from, evidently for laundering purposes.Comment -
Use a different address as others have said above.They can trace if you are using the same coins or address. Coinbase and others know it's you even when you use a wallet in between but most of the time they let it go when there's a wallet in the middle. The only way to erase the tracks is through mixers or exchanges acting as mixers. Crooks run coins through mixers multiple times to make sure coins are clean.Comment -
Not your keys, not your coins.
Cryptocurrency is, IMO, a failed experiment. It was supposed to have technology deal with trust issues, but that doesn't work when people continue to use centralized exchanges. Cryptocurrency is confusing and complicated enough that many users end up losing coins by themselves, without the "assistance" of a con artist. Getting fiat money into the system is hard, because either you have to prove who you are (eliminating the secrecy that many crypto fans are obsessed with) or you have to deposit the money into an account in Panama or Poland and pretend it's a real estate transaction... then act shocked (shocked!) when the "payment processor" runs away with your cash. Cryptocurrency is unregulated or barely regulated, attracting anti-government types, who will then turn to the government for help when they get ripped off.
The technology works. Unfortunately, scammers love being able to get money from you without a way to trace it. Exchanges love doing "fake trades".Comment