The risk of posting your exchange's address publicly

[The Cryptovator]

One of the replies on my post led me to think about how risky posting your centralised exchange's address publicly. Since exchanges strictly handle funds from mixers and gambling sites, then you may face the same issues as well.

Let's say you have an enemy on the forum and you are receiving signature campaign rewards into an exchange. It means you posted your receiving address from a centralised exchange on the signature campaign thread. So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

So it's pretty risky posting your exchange's address publicly. Always use a noncustodial wallet address when you are posting publicly. 

[Hazink]

Let's say you have an enemy on the forum and you are receiving signature campaign rewards into an exchange. It means you posted your receiving address from a centralised exchange on the signature campaign thread. So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

Aside from how unsafe using an exchange address to receive payment directly appears to be for me in regards to safety and custody, I never imagined it this way.
 
But then again, I don't think the exchange can take immediate action on such an act. You will be asked to explain the source of that transaction, and you can also possibly deny it unless the exchange doesn't give you the benefit of doubt and a chance to explain yourself, because we all know that the addresses are public, so anyone can send anything to the address.
 
But regardless, even if you are using a private, non-custodial wallet to receive your payment, which address are made public here, anyone who wants to go as far as setting you up can still track where you always send your payment to and send your deposit into that exchange address that you constantly send BTC to.

[Perfectbaby]

One of the replies on my post led me to think about how risky posting your centralised exchange's address publicly. Since exchanges strictly handle funds from mixers and gambling sites, then you may face the same issues as well.

Let's say you have an enemy on the forum and you are receiving signature campaign rewards into an exchange. It means you posted your receiving address from a centralised exchange on the signature campaign thread. So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

So it's pretty risky posting your exchange's address publicly. Always use a noncustodial wallet address when you are posting publicly. 

You are correct sir, but in addition don't you also think that your noncustodial address can likely be track to see the final destination of funds?
Although it's more private posting that address but when an enemy has decided to work on their subject no matter how careful one could be there would be a day he might not take record then finally fall victims. Instead to me I will advise change of address, let say electrum wallet has these feature were one can set change of address. That's to say, after receiving funds from signature company in a non-custodial wallet such  E.W, while withdrawing to exchange address he may enable change of address where the address changes while pulling out funds and can't be targeted any longer.

[EL MOHA]

One of the replies on my post led me to think about how risky posting your centralised exchange's address publicly. Since exchanges strictly handle funds from mixers and gambling sites, then you may face the same issues as well.

Let's say you have an enemy on the forum and you are receiving signature campaign rewards into an exchange. It means you posted your receiving address from a centralised exchange on the signature campaign thread. So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

So it's pretty risky posting your exchange's address publicly. Always use a noncustodial wallet address when you are posting publicly. 

The first question is even if you post your address on the forum how is the person or attacker going to discover it is the address of an exchange? I think that the only way a person can find this out is only when you actually tell the person which on its own is a very bad thing to that any crypto investors should do, privacy beyond blockchain transactions should also be there, you don’t talk of your earnings or holding to people.

As for sending little amount or dust through mixers to exchanges just to maybe create a problem to that person is not going to work and my reason is that exchanges wouldn’t treat a small amount of funds sent in as tainted funds. One thing is the bitcoin coming from any mixer or wallet isn’t Having any tag to make it look suspicious, only where it comes from is what gives intuition of whether it is tainted coin or not, the time which exchange is expected to know this when a large amount of funds is sent and I don’t expect any hacker or attacker to go to that length

[Doan9269]

One of the replies on my post led me to think about how risky posting your centralised exchange's address publicly. Since exchanges strictly handle funds from mixers and gambling sites, then you may face the same issues as well.

Let's say you have an enemy on the forum and you are receiving signature campaign rewards into an exchange. It means you posted your receiving address from a centralised exchange on the signature campaign thread. So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

So it's pretty risky posting your exchange's address publicly. Always use a noncustodial wallet address when you are posting publicly. 

I have not seen in anyway where the use of an exchange is being secure to make a crypto transaction because they are centralized and posses nothing lesser than the risk associated with their uses, that is why many will go for a decentralized one, then some of us too make things get more complicated to us because of the way we are too looses on the open Internet makes other's have access to anything that concerns us and they may uses such as against is because they have the ability of tracking us with the informations we have left online.

[Nwada001]

The first question is even if you post your address on the forum how is the person or attacker going to discover it is the address of an exchange? I think that the only way a person can find this out is only when you actually tell the person which on its own is a very bad thing to that any crypto investors should do, privacy beyond blockchain transactions should also be there, you don’t talk of your earnings or holding to people.

You don't have to tell the person you are using an exchange address before they will know that the address is an exchange address.

When you receive a deposit on time, they remain inside their exchange's wallet, and the moment you trade or spend those bitcoins, the exchange will send the coin and that of others to their storage, where the address that will receive your coin will definitely be known by the public as most exchange addresses are publicly tagged with their name.

[batang_bitcoin]

That makes sense and even if you won't tell anyone that's from an exchange, they're free to send any kind of funds wherever it comes from. IIRC, there's an issue just also from this year that when other members that have their exchange's account were locked due to this issue. Not from an enemy but their signature earnings from a mixer is sent to the exchange and have it traded there. When the seizure of that mixer happened, the exchange triggered their accounts to be frozen and they're being asked for more verification, source of funds and etc.

You don't have to tell the person you are using an exchange address before they will know that the address is an exchange address.

You're right but anything that's already in public, anyone is free to send funds on it for testing, attacking, etc.

[Coyster]

I think that's really petty, and i don't see any reason why someone would want to do a thing such as that, because it might not even yield the results that they desire.

Receiving funds directly into your exchange address is also not the best thing to do, you never know when something is triggered in the exchange and they will seize your deposit and ask you to provide origin of your funds. Lastly, do not use your exchange wallet to keep your coins, so if they close your account for any reason, you lose little or nothing.

[Hazink]

The first question is even if you post your address on the forum how is the person or attacker going to discover it is the address of an exchange? I think that the only way a person can find this out is only when you actually tell the person which on its own is a very bad thing to that any crypto investors should do, privacy beyond blockchain transactions should also be there, you don’t talk of your earnings or holding to people.

Have the both of us in any way had any conversation about which address you make use of and if it belongs to an exchange or not? I don't think so, nor have you mentioned it in any of your posts that I'm aware of, but the address that you use on your RollBit signature campaign is an exchange address— kucoin exchange to be precise. Does that surprise you? 

[BitMaxz]

That makes sense and even if you won't tell anyone that's from an exchange, they're free to send any kind of funds wherever it comes from. IIRC, there's an issue just also from this year that when other members that have their exchange's account were locked due to this issue. Not from an enemy but their signature earnings from a mixer is sent to the exchange and have it traded there. When the seizure of that mixer happened, the exchange triggered their accounts to be frozen and they're being asked for more verification, source of funds and etc.

I remember the one who received an email from Binance his account is frozen and Binance is asking for some information related to the mixer I am trying to dig deeper I couldn't find the image posted here on the forum past ago but that is the reason why the campaign manager holds the funds of the campaign and never sent to campaign participants for safety purposes.

So if you are going to promote such as gambling casinos and mixers you better not use your exchange address for safety make sure all of your funds are received in your non-custodial wallet and exchange your coins only in exchanges with no KYC to avoid these issues in the future.

[Text]

Thanks for highlighting this. This is something that can easily be overlooked, but the implications could be serious. Even if you’re not involved, someone with bad intentions could cause trouble.

Using a noncustodial wallet is the smarter move. This way, we can avoid the risk of an exchange freezing or even closing your account due to suspicious activity beyond our control. This is something everyone should be aware of, especially when dealing with centralized exchanges and public posts!

[BlackBoss_]

One of the replies on my post led me to think about how risky posting your centralised exchange's address publicly. Since exchanges strictly handle funds from mixers and gambling sites, then you may face the same issues as well.

I remember that Hhampuz got a warning from Binance like 2 years ago with deposit from gambling sites too.

Let's say you have an enemy on the forum and you are receiving signature campaign rewards into an exchange. It means you posted your receiving address from a centralised exchange on the signature campaign thread. So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

It's not happen too often but enemies can sudden find you and prevention is better than cure. There are enough warnings on risk of using centralized exchanges to store funds, including receiving deposits as your job salary.

So it's pretty risky posting your exchange's address publicly. Always use a noncustodial wallet address when you are posting publicly.

It's best choice for fund storage a long term, for receiving salary from your jobs too.

Reminder: do not keep your money in online accounts

Some more warnings
Recent events should make everyone withdraw all their coins to their own wallets
Recent events should make you withdraw all your coins to your own wallet: Part 2
Recent events should make you withdraw all your coins to your own wallet: Part 3
Get your coins out of custodial wallets now

I remember the one who received an email from Binance his account is frozen and Binance is asking for some information related to the mixer I am trying to dig deeper I couldn't find the image posted here on the forum past ago but that is the reason why the campaign manager holds the funds of the campaign and never sent to campaign participants for safety purposes.

It is around the sanction on Sinbad mixer and not only one user reported it, but I found this thread for your need. There are more posts in perhaps signature campaign threads and they're harder to find through searching.

Sanctioned Services and the service traceability to this forum, Any danger?

[tabas]

There are the risks but at the same time, I think that there's little advantage. Given all of the risks of posting your exchange's address in a public forum, the advantage that I can think of is very minimal though but it might be helpful in some cases. Like those users who have been subjected to KYC by these exchanges and are asking for more documents to the user about their source of funds. If it's posted in the forum and that user has earned it somehow from a campaign or bounty or any other legitimate source, they can show that as proof. However, the exchange will still decide if that's considerable or not since most of the campaigns here are from gambling, if it's again their rules there can be reasonings that it might still be rejected otherwise explain it that it's from another source of fund and being held by a campaign manager not directly from the casino. And again, there are more risks to doing this than the advantage and as I've said, that's only very minimal.

[OcTradism]

There are the risks but at the same time, I think that there's little advantage.

Disadvantage is bigger than advantage and if you consider safety of your fund is bigger than small convenience, you will avoid this practice.

Given all of the risks of posting your exchange's address in a public forum, the advantage that I can think of is very minimal though but it might be helpful in some cases. Like those users who have been subjected to KYC by these exchanges and are asking for more documents to the user about their source of funds. If it's posted in the forum and that user has earned it somehow from a campaign or bounty or any other legitimate source, they can show that as proof.

If you don't have this practice, you don't have to resolve this type of issue with centralized exchanges.

Some people can think of another advantage: by receiving campaign payment directly to their centralized exchange account, they avoid paying on-chain transaction fee, but again, let's make it clear that advantage is smaller than potential consequence you might get.

Not your Keys, Not your Coins

[tabas]

There are the risks but at the same time, I think that there's little advantage.

Disadvantage is bigger than advantage and if you consider safety of your fund is bigger than small convenience, you will avoid this practice.

Yes, it's just a tiny thing that might work for some cases but for the majority it won't.

Given all of the risks of posting your exchange's address in a public forum, the advantage that I can think of is very minimal though but it might be helpful in some cases. Like those users who have been subjected to KYC by these exchanges and are asking for more documents to the user about their source of funds. If it's posted in the forum and that user has earned it somehow from a campaign or bounty or any other legitimate source, they can show that as proof.

If you don't have this practice, you don't have to resolve this type of issue with centralized exchanges.

Some people can think of another advantage: by receiving campaign payment directly to their centralized exchange account, they avoid paying on-chain transaction fee, but again, let's make it clear that advantage is smaller than potential consequence you might get.

Not your Keys, Not your Coins

Yeah, I have made it clear that it's just very minimal at all if it's about an advantage and it could only work for special cases. But for the majority of us, just as everyone said, it's really not an advisable thing to do. But even so, there are for sure a lot of forum members that have done that in the past and possible in the nearest future.

[Plaguedeath]

But regardless, even if you are using a private, non-custodial wallet to receive your payment, which address are made public here, anyone who wants to go as far as setting you up can still track where you always send your payment to and send your deposit into that exchange address that you constantly send BTC to.

Lol you're correct.

It's no longer hard anymore to track which address are belong to centralized exchange because we can see it through wallet.explorer or arkhamintelligence.

Although receiving money in non custodial wallet is better because we can use coin control to pick which UTXO we want to spend, but yeah it's not enough to prevent bad intention from other people.

@OP need to use mixer, use no KYC P2P/DEX or swap to other coins before send to CEX.

[hd49728]

@OP need to use mixer, use no KYC P2P/DEX or swap to other coins before send to CEX.

Blacklists, Taint, and Wallet Fingerprinting.

Using mixers and sending coins from mixing outputs directly to centralized exchanges is very dangerous. They will easily to do on chain analysis and know that what your coins are outputs from a mixer.

The video explains about tainted coins, wallet finger printing and how centralized exchanges usually do to get mixed coins. They can do it for several latest transactions but won't dig too much. Because bitcoins can be sent to many addresses, many users, and if part of our coins belong to a too past mixed coin, it's not a big problem.

[Rikafip]

I think that's really petty, and i don't see any reason why someone would want to do a thing such as that, because it might not even yield the results that they desire.

Thing is, people are that petty and I would bet my left nut that some here would risk few hundreds of dollars worth of bitcoin in order to try frame someone they hate so much.


Btw OP, you might have given someone here an idea how to try screwuing someone. 

[batang_bitcoin]

That makes sense and even if you won't tell anyone that's from an exchange, they're free to send any kind of funds wherever it comes from. IIRC, there's an issue just also from this year that when other members that have their exchange's account were locked due to this issue. Not from an enemy but their signature earnings from a mixer is sent to the exchange and have it traded there. When the seizure of that mixer happened, the exchange triggered their accounts to be frozen and they're being asked for more verification, source of funds and etc.

I remember the one who received an email from Binance his account is frozen and Binance is asking for some information related to the mixer I am trying to dig deeper I couldn't find the image posted here on the forum past ago but that is the reason why the campaign manager holds the funds of the campaign and never sent to campaign participants for safety purposes.

So if you are going to promote such as gambling casinos and mixers you better not use your exchange address for safety make sure all of your funds are received in your non-custodial wallet and exchange your coins only in exchanges with no KYC to avoid these issues in the future.

Yeah, that was the guy. Always use a separate wallet address for your transactions whether you're part of a campaign or you're just someone that transfers your funds here and there. Do not transfer it too quickly to your exchange's address and many does that because they think that they're wasting money through fees and transfers. But if you do value your funds, privacy and such, you'll have to go through that method and that's going to save you from a lot of trouble although it is going to take cents of transactions and your time.

[Mahiyammahi]

 So your enemy could send small funds to your address from a mixer. As a result, your account will be frozen and closed.

Yeah I faced this issue recently couple of weeks ago. I used my binance to withdraw some fund to my unisat wallet and got interact with some airdrop. Airdrop address was in suspicious so they also give a red flag on my wallet.

Next time I tried to withdrew again, they froze and lock my fund. I've to go through the support and face lot of question to ressolve this.

Remember Fund In centralised Exchange don't own you. You just have a numbers. More likely banking system.

Its better to use a hardware wallet to store your fund,  and dex to trade.