Privacy guide

How to send crypto anonymously Seven links tie a payment back to you. Here's how to cut each one before you send.

sections
13
min read
12
primary sources
12
Fig. 00One payment, seven threads
YOUTHEMSOURCELINEADDRESSCHANGETIMEAMOUNTIP

Short answer: send from a wallet with no history, to a fresh address, at a time and in an amount that match nothing.

In June 2026, researchers studied a privacy pool on Ethereum built to break the link between deposits and withdrawals. They still matched 17.65% of withdrawals to the exact deposit. Half the people they matched had waited less than a day.

No broken code. Just the clock and the amount.

In this guide you'll see the seven links one payment can leave, the order to cut them in, what the research says about waiting, what a real court filing shows about trails, and a check you can run on your own planned send.

Let's dive right in.

01What anonymous can mean for one send

Start with the honest part. On Bitcoin, Ethereum and USDT, the payment itself is public. bitcoin.org says it plainly: "All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network." ethereum.org calls its chain "a public and transparent ledger by design".

So the goal isn't to vanish. It's to cut what connects the two ends: your wallet and theirs. One payment can leave seven links:

One send between your wallet and theirs can leave seven links: where the coins came from, a direct line from your everyday wallet, a reused address, the change, the timing, the amount, and your IP address. Each step in this guide cuts one.youthemsourcedirect linereused addresschangetimingamountIP address
One send, seven possible links. Each step below cuts one.

How a wallet gets tied to a name in the first place is in our main guide, the six places a wallet meets your name. Analysts read these same links when they group addresses by owner. This guide is about one send, in the order you meet each link.

02Step #1: Start from coins that aren't tied to your ID

This is the big one. The Bitcoin Wiki says avoiding "the privacy invasion of AML/KYC is probably the single most important thing an individual can do".

Why? Because exchanges that checked your ID keep the record, and when they send coins to another firm, the FATF travel rule passes your details along. Every hop after that starts from your name.

you withdraw 0.01 BTC from an exchange and pay a seller straight from that withdrawal. The seller's address now sits one hop from your verified account.

The fix: swap those coins with no account into a fresh wallet first, or start from coins you got without ID. Our guide to buying crypto without KYC covers every route to a first coin.

03Step #2: Never send straight from the wallet you use every day

On Bitcoin, Ethereum and Tron, the receiver sees the address you paid from, and everything that address has ever done. Pay from your everyday wallet and you hand them your balance and your history.

The fix: one wallet per purpose. A send wallet, funded once for this payment, shows the receiver one coin arriving and one coin leaving. Nothing else.

04Step #3: Ask for a fresh receiving address

bitcoin.org's advice is one line: "you should use a new Bitcoin address each time you receive a new payment". The Bitcoin Wiki explains why reuse "is very damaging to privacy because that links together more blockchain transactions".

One reused address is a shared mailbox. Payments from an employer, a friend and a shop all land in it, and each of them can see the others' payments. bitcoin.org says to use a new address each time you receive.employera frienda shopone addressall can see
A reused address is a shared mailbox: every sender can read every other letter.

On Ethereum and Tron, an address is an account, and its whole history comes with it. So there, "fresh" means a new account, not just a new string.

05Step #4: Watch the change

A Bitcoin payment spends whole coins and sends the rest back to you, like paying with a note and getting change.

Spending a 0.5 BTC coin to pay 0.1 BTC: 0.1 goes to them and 0.4 comes back to you as change. Round payments make the change easy to spot, and the change links back to your wallet.0.5 BTC coinyou spend it0.1 BTCto them, round0.4 BTCchange, back to you
The change walks home. Round payments show which output it is.

Round numbers give it away: the Bitcoin Wiki notes "Many payment amounts are round numbers, for example 1 BTC or 0.1 BTC." And spending two coins together joins them: the white paper itself says such transactions "necessarily reveal that their inputs were owned by the same owner".

The fix: spend one coin from a send-only wallet, and avoid round amounts. The rules that link Bitcoin addresses go deeper.

06Step #5: Put time between leaving and landing

This is the step the research makes impossible to ignore. The 2026 study found that "a withdrawal that occurs one minute after a deposit has only a handful of plausible sources", however many people used the pool.

The sooner coins leave after they arrive, the fewer people they could belong to. The 2026 study found a withdrawal one minute after a deposit has only a handful of plausible sources, and half the users it matched waited less than a day. The crowds drawn here are illustrative.1 minute later1 day laterweeks laterillustrative crowds
The sooner coins leave, the smaller the crowd they could belong to. Crowds illustrative; figures from arXiv 2606.25926.

The median wait among the users it matched was 0.84 days. Half of them left in under a day. The authors' advice: leave funds "for weeks or months". The Bitcoin Wiki lists timing correlation as an attack in its own right.

The fix: let days pass before the coins move on. If you'd rather the delay be built in, Stealth lets you pick the day your coins land.

07Step #6: Don't send exactly what just arrived

An amount is a fingerprint. The Bitcoin Wiki describes "searching the entire block chain for output amounts", and the 2026 study saw it in practice: users who deposit an exact amount "tend to preserve the significant digits" when they withdraw.

The amount is a fingerprint. Deposit exactly 1.234567 ETH and withdraw 1.234567 ETH minus a fee, and the same six digits mark both ends. The 2026 study found users tend to keep the significant digits.in1.234567 ETHout1.234567 minus feethe matchthe same digits
The same six digits at both ends pair the two payments.

1,250 USDT arrives from an exchange, and 1,250 USDT goes out an hour later. Two steps broken at once: timing and amount.

The fix: send a different amount from anything recent, and don't let a fee pin it to the source.

08Step #7: Hide where you send from

Your IP address can sit right next to your addresses. bitcoin.org warns it's possible "to listen for transactions' relays and log their IP addresses", and suggests a tool like Tor "so that it cannot be logged".

Who sees your IP address next to your addresses: a phone wallet's server does, with every address you ask about. Over Tor, the log shows only a Tor exit. With your own node, no wallet server is asked at all.wallet serveryour IP + addressesover Tora Tor exit onlyyour own nodeno server asked
Who sees your IP next to your addresses.

A phone wallet usually asks its own server about your addresses, so that server sees your IP next to every one. Bitcoin Core now encrypts traffic between nodes by default: the Wiki notes BIP 324 is "enabled by default in Bitcoin Core 27.0 and later versions".

The fix: connect over Tor, or run your own node. A VPN only changes who sees your IP; it changes nothing on the ledger.

09Which coin to send

The seven steps work on any coin. What the coin itself shows is a separate question:

What a payment shows, coin by coin. Bitcoin and Ethereum: public. USDT: public, and its issuer can freeze it. Monero: the sender, receiver and amount are hidden. Zcash: public on transparent addresses, private on shielded ones.BitcoinpublicEthereumpublicUSDTpublic + freezableMonerohidden by defaultZcashshielded: private
What a payment shows, coin by coin.

That's why many people swap into Monero to pay, then out again. On the legal side: FinCEN says a person paying on their own behalf with privacy coins "would not be a money transmitter", and from 10 July 2027 EU exchanges may not keep accounts in anonymity-enhancing coins, while wallet software you hold yourself is outside that ban. More in who the law binds.

10Case study: a trail that ran for years, in the DOJ's words

Here's how tracing works in a real court filing: the Bitfinex statement of facts, filed in February 2022. Special agents "traced the stolen funds" through five stages:

A trail from a DOJ filing, in five stages: an unhosted wallet where the funds sat until January 2017, a darknet market, seven accounts at one exchange, more unhosted wallets, and finally accounts owned by the two people charged, at six other exchanges.1 walletdormant until 20172 darknet marketaccounts there3 an exchangeseven accounts4 more walletsunhosted5 six exchangesnames on file
Five stages from the DOJ filing. Years of hops, ending at accounts with names.

The funds sat in one wallet "dormant until January 2017", moved through a darknet market, seven accounts at one exchange and more wallets, and ended at "accounts owned by" the two people charged, at six other exchanges.

Look at what undid it: the last hop landed where a name was on file (step #1), and the coins were merged on the way (step #4). Years of waiting didn't matter once both ends met a name. Our Bitcoin tracing guide covers the same case from the DOJ's announcement.

11Mistakes that undo a private send

  1. Paying from the exchange withdrawal address

    The receiver is one hop from your verified account. Swap first.

  2. Reusing last month's receiving address

    Every payment it ever had is linked. Ask for a new one.

  3. Sweeping the change into your savings wallet

    That joins the send wallet to everything you own.

  4. Forwarding the exact amount the same hour

    Timing and amount, both at once.

  5. Posting the transaction link in a chat

    A public link, with your name next to it.

12Check your planned send

Describe the payment you're about to make. The check shows which links stay open, and the fix for each.

Check your planned send

Seven taps about one payment. It shows which links stay open, and how to cut each. Nothing you pick leaves this page.

  1. Where did these coins come from?

  2. Which wallet will you send from?

  3. Which coin?

  4. The receiving address is...

  5. The amount is...

  6. When will it leave?

  7. How does your wallet connect?

0 of 7 answered.

13What our desk keeps when you send through it

What one order on our desk holds: the coin and amount you send, the address it goes to, and the times. A hash of the order key, never the key. No name, no email, no ID. Deleted 90 days after it closes.coin and amountthe addressthe timeskey hash onlyno name, email, ID90 daysthen deleted
What one order holds, and when it goes.

Now it's your turn. Swap into a fresh wallet on our swap with no ID, then make the payment from there. Paying one person? Start from what they should get.

Keep reading

How we checked this

Written by the team that runs the SilentMule swap desk. Every step is quoted from bitcoin.org, the Bitcoin Wiki, getmonero.org, z.cash or ethereum.org, the timing figures from a 2026 peer-reviewed study, and the trail from a DOJ court filing, each linked where it appears. Rewritten 3 November 2026. Last checked . Spotted something wrong? Tell us and we fix it.

Sources

  1. bitcoin.org: protect your privacy
  2. Bitcoin Wiki: privacy
  3. Bitcoin white paper
  4. Huseynov et al., A Tattered Cloak of Invisibility, arXiv:2606.25926, June 2026
  5. DOJ: statement of facts, Bitfinex case, filed 7 February 2022
  6. getmonero.org: what is Monero
  7. getmonero.org: RingCT
  8. z.cash: shielded and transparent Zcash
  9. ethereum.org: privacy
  10. FATF: virtual assets
  11. FinCEN guidance FIN-2019-G001
  12. EU Anti-Money Laundering Regulation (EU) 2024/1624

No name, no email, no ID. Then a fresh wallet.

Swap the coins you have into the coins you want, paid to a wallet that has never touched your name. The payout comes from the swap, not from your wallet.

  • No account, no email, no ID
  • What lands is shown before you send
  • Orders deleted 90 days after they close
Lands at your new wallet
Arrives in

Questions, answered.

Can I send crypto anonymously?

On public chains like Bitcoin and Ethereum the payment itself is public forever. What you can control is what links it to you: the coins' source, the wallet, the address, the change, the timing, the amount and your IP.

How do I send Bitcoin anonymously?

Start from coins not tied to your ID, send from a wallet funded once, to a new receiving address, in an amount that matches nothing, days after the coins arrived, over Tor or your own node.

Does a new wallet make me anonymous?

Only if what funds it isn't tied to you. A new wallet funded from your exchange account starts with your name on its first line.

Does a VPN or Tor make crypto anonymous?

They hide your IP from wallet servers and nodes. The ledger itself doesn't change: every payment is still public.

How long should I wait before forwarding crypto?

In a 2026 study of a privacy pool, half the users researchers matched had waited less than a day. The authors suggest weeks or months.

Can USDT be sent anonymously?

USDT moves on public ledgers, and its issuer can freeze addresses. The same seven links apply, plus the issuer.

Is Monero anonymous?

getmonero.org says the sender, receiver and amount of every transaction are hidden by default. Where your coins came from, your timing and your IP still matter.

Can the receiver see my balance?

On Bitcoin, Ethereum and Tron, yes: they see the sending address and its whole history. That's why you send from a wallet funded once.

Is it legal to send crypto privately?

For ordinary users paying on their own behalf, generally yes. FinCEN says such a user is not a money transmitter. From July 2027, EU exchanges may not keep anonymous accounts.

Do you need my ID or email to swap?

No. No account, no email, no ID. An order is deleted 90 days after it closes.

Cut the links before you send

and the payment is just a payment. The mule carries it.