Introduction
Living off of your online income/exploits consists of two parts, acquiring the money and keeping it. While many people struggle with the former, if you're here I'd assume you've got that on lock, that is to say if you are still in the stages of acquiring your funds and making your gains, then this guide may not provide very relevant information for you. This guide is for people who have come into a significant sum of money or had their business explode and now have no clear direction of what to do. Follow this step by step and you should see some results.
Disclaimer!
This guide will go through the whole process assuming your funds need a high level of anonymizing, if you're simply looking for what to do regarding a whitehat/greyhat stream of income, then the information below will likely not be of much use as you can simply declare your income, pay your taxes and relax.
Step 1: Acquiring the funds
If you've received the funds in crypto then move everything over to Bitcoin. If your funds originate from stripe or any payment gateways or for example If you've received money through PayPal then find yourself an exchanger that is willing to do it without KYC. I am an example of this. You can send me your funds in exchange for clean Bitcoin. If the exchanger requires your identity or requires you to exchange using YOUR PERSON PAYPAL, simply move on to the next. PayPal is the single worst way you can accept money online, not only because of the obnoxious amount of holds and issues they bring which can last up to 180 days but even more so if you're using your own account. If you insist on accepting PayPal you must make sure to get an anonymous stealth account aka a bank drop. Either way in both scenarios step one remains the same, move the funds to Bitcoin.
This is where a lot of people will call it a day because Bitcoin is ''anonymous internet money''. A large majority of people will know now that this is not the case at all. Bitcoin is very much traceable by using simple forensic analysis and wallet tracking without any issues especially if you're not using a mixer or anything of the sort. The most important takeaway here is to NEVER send any cryptocurrency that you've obtained through illegitimate means to a centralized exchange [CEX] such as Coinbase, Kraken etc with your ID on it. Also never withdraw fraudulent funds to your bank account through a P2P transfer like Paxful. These personal accounts must remain clean.
Step 2: Switching to XMR
XMR or better known as Monero is by far the closest we've got to magic anonymous internet money. Getting your money to a point of being untraceable becomes much easier through XMR since it is purely privacy focused and dare I say, a better version of BTC.
That said, it's still not perfect. While a lot more secure, being sloppy will still make it very easy to be identified. The aim of the game here is to get this XMR back into Bitcoin, without creating a pattern or an easy trace that leads back to you. This is where the rule of thumb ''Don't buy XMR when you want to spend XMR'' comes in. This is because buying XMR with Bitcoin just to sell it again 10 minutes later leaves you to easily having your two Bitcoin addresses linked. Your funds become more anonymous the more blocks get validated in between your entry into the XMR network and your exit. The safest approach would be:
- Buy XMR with Bitcoin
- Split the XMR across multiple wallets
- Leave it be for AT LEAST 7 days
- Slowly exchange XMR back into BTC over the course of days don't get greedy!
You might be wondering where to get XMR, my personal recommendation would've been LocalMonero but they're gone so I posted the new links
Links:
- https://monerica.com/
- https://cryptwerk.com/pay-with/xmr/
- https://ninja.exchange/
- https://unstoppableswap.net/
Step 3: A business
Having a business is essential to laundering your funds as you'll need some place to pay taxes on them. Now you might be thinking ''Nooooooo I don't want to give the government my money waaaahhhhh'' and while I understand, you're also extremely stupid. Your exploits might work online, but messing with the IRS if you're US citizen is just retarded. There are obviously many ways to approach this but here's a simple example of something that works easily in a country where you're legally allowed to use Bitcoin as a payment method for your business..
Example:
Start a shitty online store where you sell ''AI generated art'' for Bitcoin at $100 per image. When you're in need of funds, simply transfer some XMR to Btc from your anonymous stash and fake an order/purchase on your site. You could use shopify for example, just get creative. Provide it with an email address and use a free AI image generator to send the ''order'' to the ''client''. Leave a good review on your store and voila, you may now freely report this income to the tax man and you'll be good.
Informational purposes only! :
Guide by Anonspencer
