You are not logged in.
A couple of transactions I've made from EC to my local wallet have been 'flagged for manual' review as they 'may have been used for purposes outside our terms of service' and I have been asked questions by EC about the transactions. Is this anything to worry about?
Can you give me more details so I can figure out how they flagged them?
What coin did you buy and what wallet did you use? Did you exchange what you bought for Monero? If so what exchange site did you use? Did you buy bitcoin and spend it on Abacus or some other market that still uses bitcoin?
Before Incognito exit scammed a lot of people got the same email you got because EC had all of Incognitos wallets. People buying bitcoin and having it sent to their wallet, and then they sent it to their Incognito account. EC have bots that check the public bitcoin blockchain watching where you send your bitcoin.
So I need more details, because Incognito is gone so you're either still buying bitcoin to spend on Abacus and EC have their wallets, or they have flagged exchange sites that people use to exchange shitcoins for Monero.
Thanks for the reply FJ. I bought bitcoin to my local electrum wallet and sent it to Abacus.
Last edited by forumnoob (2024-07-07 18:50)
I just got another email saying they will no longer allow my account to trade. Guess they are on to something
Thanks for letting us know, I'll make a thread to warn people.
All good. Besides the inconvenience, should I expect any further repercussions from this do you think?
No they won't tell the cops or anything like that, you are just banned from buying from or selling to them.
Thanks FJ, appreciate the responses.
Theres basically no way to obfsucate BTC transactions to a market.
You have to convert to XMR(or any other privacy coin) and then back to BTC in a fresh wallet if you dont want any ties.
All EC would know then is that you used a swapping service, but not where the funds went
Another lesson to not use BTC where avoidable though. Sucks that it happened but use F2F trades for anything illicit.
You have a huge OPSec failure if you do ever get investigated in the future for DNM purchases.
i wouldnt try buying monero from ec thats how i got my account banned they wanted proof of where my btc was going
I've been flagged twice by EC, both times when I've made orders within a short time of each other. EC has to comply with anti-money laundering laws so my guess is one of the the things they do is automatically check time of orders and if the time is too close between say two orders then it raises a flag, if that makes sense.
Why are people still purchasing bitcoins? Its better to use Litecoin and then exchange it for XMR. If you want to cash out, swap XMR for Litecoin or another cryptocurrency. Find those discord groups, where you can offer a 4-10% premium on the spot price and receive cash in hand. There are always people looking to buy crypto through cash transactions.
Click Here to sign up to Archetyp! XMR ONLY Username - WaltDisneyNZ
Click Here to sign up to Abacus! BTC/XMR Username - waltdisney
Please ensure to save the links and keep them secure
Why are people still purchasing bitcoins? Its better to use Litecoin and then exchange it for XMR. If you want to cash out, swap XMR for Litecoin or another cryptocurrency. Find those discord groups, where you can offer a 4-10% premium on the spot price and receive cash in hand. There are always people looking to buy crypto through cash transactions.
Can I make a suggestion?
Dont name the discord, just mention they're out there.
Bad press