Australia's premier secure cryptocurrency & Bitcoin exchange. Buy, sell and trade Bitcoin (BTC), Ethereum (ETH), XRP and more with AUD today. Aug 08, · Whirlpool is a zerolink coinjoin implementation created by the Samourai Wallet developer team. It is the most structurally sound and easy to use implementation on the market today. Aug 22, · I have been using BTC Markets for several months now. About a week and a half ago after I had bought some Bitcoin, they stopped withdrawals. It took several days to get my BTC out. I .
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Using the example below we can see that a total of 2. So why 0. In this example we are a premixer and entering the pool for the first time with these UTXO's. The extra 0. You only pay these once as a premixer. Any remixing miner fees are covered by new people entering the pool. The Whirlpool fee structure is quite simple to understand. You pay a single flat fee to the pool when you Tx0 and enter.
There will of course be varying levels of miner fees which we will cover off in the next section. These fees are fixed regardless of the quantity of bitcoin you Tx0 and how often you want to remix it those UTXO's. To calculate your total fees based on your specific mix criteria, please visit Whirlpool Fees. Whirlbot is a telegram bot that can provide you with different Whirlpool related stats that can help decide how and when to mix.
To calculate your Whirlpool fees please use this w ebsite. No, you only pay the pool and miner fees when you enter a pool for the first time.
Any fees for subsequent remixes you participate in are covered by the new people entering the pool. Everyone has their own preferences so there is no right or wrong answer here. Although there are two main things to consider, the fees you are going to pay for entering the pool and the amount of outputs you will need to manage postmix.
You should also consider is your spending habits, if you are going to make lots of small purchases then the 0. Alternatively, if you are mixing large amounts and not intending to spend for a long time then you will have far less UTXO's to manage if you use the 0. It is generally accepted as good practice to have a mix of all UTXO sizes to accommodate all postmix decisions.
Use Whirlbot to calculate fees and outputs created before you make your decision. An SCODE is a discount code that the Samourai team release occasionally to discount the pool fees by a certain percentage.
You can enter this in either the mobile wallet or the desktop GUI. Your first mix will generally happen very quickly, particularly within the smaller pools. It's worth remembering that each mix is dependant on two premixers, so if you enter a larger pool and are the only premixer then your mix will not trigger until someone else joins the pool. Freeriders people who have already mixed at least once are selected completely at random so the rate at which you achieve remixes can fluctuate a lot.
If there is lots of new liquidity coming into the pool then your remix numbers will likely increase. If it's a quieter day then you may not achieve any. This is a feature of Whirlpool not a bug, mix integrity is paramount. A single mix is enough to break deterministic links of your UTXO's although most people aim for a minimum of 3.
But if you ask me, just set it and forget it and get those free remixes. Remember you only pay once, every remix adds to your anonymity set and is completely free.
As outlined above, remixers are chosen completely at random. Some days you will get plenty of remixes and some days you won't get any. To be in with the best chance of maximising your remixes you should run Whirlpool CLI so that you are always online and ready to be chosen. This is covered extensivel y in this article I wrote.
Yes and no. You can do this and after mixing with Whirlpool anyone following you on chain could not be sure which output of each mix is yours but this does not change the fact that a KYC exchange and by association, the government knows exactly how much bitcoin you bought from them.
The best thing to do is to leave them in your Samourai Wallet, remixing for free until you want to spend. When you do come to spend, you can do so in a privacy preserving way using the postmix spend tools outlined below. Yes, you can. But there are multiple tradeoffs and pitfalls. All of which I cove r in this article. Stonewall builds your transaction in a unique way to increase the deniability of links between the sender and recipient.
Once t he spending conditions ar e met the wallet will create this type of transaction automatically for you and it will display the level of entropy the transaction will have.
If your Samourai wallet cannot construct one even though you are spending less than half, the likelihood is that the wallet does not have enough UTXO's to choose from to create the minimum amount of entropy required. This type of transaction creates a mini coin join with another Samourai user that you are in cahoots with. The most powerful thing about Stowaway is that the amount being sent will never actually be visible to anyone looking at the blockchain.
Just like Stonewall X2, Stowaway can be constructed in perso n or remotely. The image below is a Stowaway transaction where I was paid exactly 0. See that value anywhere on this transaction? Nope, me either!
Want to know what's even cooler? Overall excellent service. Sophie Jacks - September 23, Also multiple payment options, can only recommend this site. Tim Lawrence - September 22, My trading was very fast and easy. I'm newbie cryptocurrencies and I wasn't very sure how to buy it. BTC direct is connected to my wallet, so the process was seamless.
I had no doubts during the trading process. Allan Cooper - September 22, Good trade monitoring system , steady payouts Julian - September 21, The platform works very fast and you also get a trainer to help you how to do it. It's good that they provide you with this cause there are not so many platforms that gives you a trainer to help you achieve more profit. First you need to learn and after that to make the real money. Btw they charge for commissions as others but they are not so big, so it's worthy.
Carlo - April 18, All fixed. What happened? It was not BTC Markets' fault. I did not know that TenX the card were I put the ethers, uses smart contracts. Hence, although the transaction went through, BTC could not credited as they clearly stated on their website before doing the transfer because they do not operate with smart contacts. Thanks BTC Markets and the support team. After coping the deposit details from BTC Markets for my Ethereum account and checking the account again before sending the ether I sent 3.
On the block all is fine, confirmations, addresses are correct and amounts, no comments on the block. Tnex has confirmed the transaction. Two tickets sent to customer service. I will need to wait till Monday to see. I am not saying that are lost yet. Otherwise, let's the banks trade on cryptos and lets wait the weekend to get the money.
A week ago, I had an issue with a cash deposit, it took 60 hours to get credited. I did not send a ticket to customer service though. Anybody in Australia with the same experience Alex - March 12, Sam - February 2, Now having to undergo a bank trace which can take 45 days to find out where my funds went, and honestly I feel like I got scammed. BTC Markets sound clueless as they have no ongoings with their payment provider so any mistake between the market and PP and you're going to be sitting on your hands wondering whether you'll ever get your money.
Bad time too because I'm travelling and needed this money for a plane ticket and don't know what to do. Tony - October 26, My account hacked. Not impressed. Theo M. Fee System is completely skewed and favours first in. Fees are incredibly high for an "exchange" and they will charge massive withdraw fees. David - June 9, Used to be good 2 years ago up to the last few months now be very careful with your crypto? Aj - May 13, Support isn't that great. I never get an explanation to their IT issues, they just close the ticket and say it's resolved when their blockchain isn't making deposits and withdrawals in a timely manner.
I would look elsewhere, there are a few nice exchanges planned in the future so I will be doing the change over. Scholtz - March 13, I just want a refund of my money. I don't want to trade with BTC anymore. After several mails I am still not getting any help from them. Btc user - December 25, Btc Markets is user friendly and a no frills exchange.