RThoads
Subscriber
[BASIC] How to easily use BitCoin:
It took me well over a month of reading and trying things out, but I finally am comfortable and confident I have a good method so I will share it with you all.
1) [optional*] I use LibertyX - Buy bitcoin instantly at 19,000+ local stores to buy BTC in person with cash (pin must be used the same day it is purchased). You are provided a "pin number" that is redeemable on their website and will require you to provide the wallet address (the wallet in step-2 below) in which you would like to make the deposit at the time of redemption.
* [this first step can be skipped and one can simply buy directly into their online wallet with many of the online services--but some may prefer to use cash and provide less personal info. It might take a couple trips on different days to build up enough but again for some this may be worth the small inconvenience (there is a limit of $200 ED for accounts that do not have more detailed personal info entered).]
2) Use an online wallet such as Circle Circle | Send & Receive Money. Secure, Instant & Free. to deposit and store my BTC balance (it will be very easy to find your wallet address once you have the wallet created and open).
3) Simply use the "Send" feature and enter the amount of BTC and wallet address with which you wish to send the funds--this will transfer the funds from your balance into the wallet you specified.
That is it! -- very easy.
[ADVANCED] How to use BTC in attempt to increase security and anonymity:
1) Use, or have a partner use, LibertyX - Buy bitcoin instantly at 19,000+ local stores to buy BTC in person with cash (there is a limit of $200 ED for accounts that do not have more detailed personal info entered).
2) Use any reputable online wallet (wallet-A) to deposit my BTC for holding
(accessed via IP address #1).
3) Transfer the funds to be used into DarkWallet (wallet-B)
Bitcoin wallet for trade in the free economy – Darkwallet (it allows use of the built in "mixer" to increase the difficulty of tracking transactions and also has additional useful features).
4) Using a different IP than was used in step-1 (lets just call it IP address #2) simply use the "Send" feature and transfer the "mixed" funds from DarkWallet into another online wallet, a third wallet (wallet-C), that is only exclusively accessed via Tor and was created using a pseudonymous alias with a secure email (such as protonmail or tutanota) which is also pseudonymous and only accessed via Tor to create this third wallet (wallet-C).
5) Using IP address #2 access Wallet-C via Tor to make your purchases.
Key points to note: NEVER open your Wallet-C or its related email from any browser other than Tor or from any IP linked to your real information. If the wallets and IP after step-3 are not definitively linked to you then at the very least you have plausible deniability (after all you have no control what another does with funds you sent to them for, lets say, online nutritional and dieting programs or advice).
--------
Thank you to Frank @Pharmacom Labs for dealing with all my PMs and willingness to let me try some practice transfers -- very much appreciated. Also, a thank you to @pumpingiron22 for your greatly informative posts in the cryptocurrency and other section of the forums--I could not have learned without your help, thank you.
It took me well over a month of reading and trying things out, but I finally am comfortable and confident I have a good method so I will share it with you all.
1) [optional*] I use LibertyX - Buy bitcoin instantly at 19,000+ local stores to buy BTC in person with cash (pin must be used the same day it is purchased). You are provided a "pin number" that is redeemable on their website and will require you to provide the wallet address (the wallet in step-2 below) in which you would like to make the deposit at the time of redemption.
* [this first step can be skipped and one can simply buy directly into their online wallet with many of the online services--but some may prefer to use cash and provide less personal info. It might take a couple trips on different days to build up enough but again for some this may be worth the small inconvenience (there is a limit of $200 ED for accounts that do not have more detailed personal info entered).]
2) Use an online wallet such as Circle Circle | Send & Receive Money. Secure, Instant & Free. to deposit and store my BTC balance (it will be very easy to find your wallet address once you have the wallet created and open).
3) Simply use the "Send" feature and enter the amount of BTC and wallet address with which you wish to send the funds--this will transfer the funds from your balance into the wallet you specified.
That is it! -- very easy.
[ADVANCED] How to use BTC in attempt to increase security and anonymity:
1) Use, or have a partner use, LibertyX - Buy bitcoin instantly at 19,000+ local stores to buy BTC in person with cash (there is a limit of $200 ED for accounts that do not have more detailed personal info entered).
2) Use any reputable online wallet (wallet-A) to deposit my BTC for holding
(accessed via IP address #1).
3) Transfer the funds to be used into DarkWallet (wallet-B)
Bitcoin wallet for trade in the free economy – Darkwallet (it allows use of the built in "mixer" to increase the difficulty of tracking transactions and also has additional useful features).
4) Using a different IP than was used in step-1 (lets just call it IP address #2) simply use the "Send" feature and transfer the "mixed" funds from DarkWallet into another online wallet, a third wallet (wallet-C), that is only exclusively accessed via Tor and was created using a pseudonymous alias with a secure email (such as protonmail or tutanota) which is also pseudonymous and only accessed via Tor to create this third wallet (wallet-C).
5) Using IP address #2 access Wallet-C via Tor to make your purchases.
Key points to note: NEVER open your Wallet-C or its related email from any browser other than Tor or from any IP linked to your real information. If the wallets and IP after step-3 are not definitively linked to you then at the very least you have plausible deniability (after all you have no control what another does with funds you sent to them for, lets say, online nutritional and dieting programs or advice).
--------
Thank you to Frank @Pharmacom Labs for dealing with all my PMs and willingness to let me try some practice transfers -- very much appreciated. Also, a thank you to @pumpingiron22 for your greatly informative posts in the cryptocurrency and other section of the forums--I could not have learned without your help, thank you.
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