[0xB1n]

I recently read about 'Monero' a decentralized digital currency that is apparently completely untraceable.

So I'm asking how true this is and if this still applies, like can for example the feds track Monero transactions (and identify the people involved)?

[k1083]

If you want to use monero and you are concerned about its traceability you can try mixing, here is a guide I made on how to do it.
Don't do anything illegal always be careful.

http://breached26tezcofqla4adzyn22notfqw...er--155072

[Dozius]

I recently read about 'Monero' a decentralized digital currency that is apparently completely untraceable.

So I'm asking how true this is and if this still applies, like can for example the feds track Monero transactions (and identify the people involved)?

Monero is designed to be very difficult to trace. The reason for this is that it uses a lot of features that do not exist in Bitcoin. They conceal the identity of every transaction participant by using one-time identities for blockchain entries. They conceal the amount of payments and they use built in spoofing / fake transactions.

https://www.getmonero.org/resources/mone...tures.html

Of course, if you are not using TOR or a no-log VPN at all times, your accesses to the wallet or blockchain may be tracked by law enforcement. If you fail to use opsec with associated identities like vendor accounts, then your address may be linked to your real world identity. You must use full opsec online at all times with all accounts.

Even if you do, when you cash out, then by definition, real world money has to flow to you and at that point you are vulnerable to being detected by law enforcement or your financial institution.

You need to ensure that the money is not linked directly to questionable activity. So, first you need to forward the money from your wallet to a new wallet, at least a couple of times.

Then, you might want to use an exchange to switch to another digital currency and forward twice. This means that there is plausible deniability between you and any shady activities. Then you want to find a reputable vendor who buys Bitcoin for cash. Of course, that vendor may be a fed, or under surveillance from same, and you may go on a watchlist even if law enforcement never openly contacts you.