Bitcoin laundry is a service that allows users to clean their Bitcoin coins of any illegal activity that may be associated with them. This is done by mixing the coins with other users’ coins, so that the original owner cannot be identified.
The service is similar to a traditional money laundering service, but with Bitcoin instead of fiat currency.
Bitcoin laundry services typically charge a fee for their service, and the amount of the fee depends on how many coins are being mixed. The more coins that are mixed, the higher the fee will be.
Some services also have a minimum amount of Bitcoin that must be sent in order for the mixing to take place.
NOTE: WARNING: Bitcoin laundering is an illegal activity that can put you at risk of severe criminal penalties. It should not be attempted by anyone. Additionally, it is important to note that the process of Bitcoin laundering is complex and difficult to understand; so, if you are considering engaging in this activity, it is important to do extensive research and consult an expert in the field before proceeding.
Once the Bitcoin has been mixed, it is then sent to a new address that is controlled by the service. This address is typically a Bitcoin wallet that is not connected to any exchange or personal information.
From there, the user can then withdraw the coins to their own personal wallet.
Bitcoin laundry services are used by many people in the Bitcoin community for a variety of reasons. Some people use them to keep their coins safe from hackers, while others use them to hide their identity when making transactions.
Whatever the reason may be, these services provide a valuable service to the Bitcoin community.
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