Enquiry about XMR how to stay safe : Monero | Torhoo darknet markets
Hello,
I would like to ask you for advice regarding cryptocurrency because I would like to stay safe.
I have a non-custodial wallet, such as a Ledger or Trezor. This wallet I use without any KYC and ID verification. Let’s call this wallet number 1.
I receive payments to this wallet in USDT.
I exchange USDT to XMR Monero on my wallet 1, and next I send XMR Monero to wallet number 2, which is also a non-custodial wallet, without any KYC and ID verification. I call this wallet number 2.
On wallet number 2 I exchange XMR Monero back to USDT.
As a result, I have got USDT in wallet number 2.
I have also another wallet, which is wallet number 3, and this is a wallet on a crypto exchange like Binance. This wallet is ID verified with me.
I send USDT from wallet number 2 to wallet number 3 and want to exchange USDT for cash.
I hope all the processes are understandable. I tried my best anyway.
Could you tell me whether, if I follow this scheme, it will be untraceable and I can stay safe ?
If not, can you recommend a better idea of how I can receive crypto and what operation I should do until it finally can be sent to my ID-verified crypto wallet, from which I can withdraw real cash?
I prefer to ask experts and stay safe.
Just because you swapped to XMR and back does not make your USDT untraceable.
Let’s say you exchanged 1.500 USDT for 5 XMR. Then after paying fees, you swapped back 5 XMR for 1.450 USDT. It’s possible to link these transactions, but it depends on many other factors as well.
Avoid the centralized exchange and use retoswap instead.