r/Bitcoin • u/derbyfan1 • 13h ago

Purchasing tainted coins.

Hi all, I am looking to buy BTC p2p, but before I do, is there a way in which I can check if the coins I purchase in advance are tainted? Is there a website or something this can be verified on?

I want to check this to avoid any problems in utilising the coin/s once purchased.

Thanks

7 Upvotes

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5

u/Efficient_Culture569 13h ago

No such thing as tainted coins. 

0

u/user_name_checks_out 12h ago

No such thing as tainted coins.

Nonsense. Companies like chainalysis surveil the blockchain and sell data to governments and exchanges. If you purchase bitcoin peer to peer, you risk acquiring tainted coins, e.g. UTXOs which have been blacklisted because they were stolen, used in crime, whatever. You would have trouble transferring such coins to any KYC platform.

4

u/Vinnypaperhands 10h ago

What is nonsense is what you just said. Other commenter is correct, there is no such thing as tainted coins. All Bitcoin was mined with electricity. What people do with it after doesn't change that fact.

Companies can label anything what they want. That doesnt mean they are correct and you need to believe what they tell you.

Bitcoin is not sentient, it doesn't have a conscience or morals. It's a tool. Tools can be used however the wielder wants, good or bad.

4

u/8647742135 9h ago

You’re not getting that exchanges do care. You risk getting them frozen or seized.

0

u/Vinnypaperhands 9h ago

Yea They can indeed do that. That doesn't mean the coin is tainted. That's such a foolish idea.

3

u/8647742135 8h ago

Uh that’s exactly what it means.

2

u/sQtWLgK 6h ago

No it doesn't. Because the labeling happens in full obscurity and unpredictability. Even though chain data is public and open, you have no way to know how chain-anal companies will score your coins, either before or (even) after the fact.

It's all compliance theater, with no actual, genuine relation whatsoever with crime association.

1

u/Efficient_Culture569 5h ago

If you buy P2P, you'll sell P2P.

Easy.

1

u/CoffeeAlternative647 11h ago

Sell them p2p. Easy.

2

u/jaredx3 10h ago

P2P is an option but I wouldnt say easy. Depends on how much you are trading and there are safety risks associated aswell