How BitLaundry works

BitLaundry is designed to help unlink accounts from each other. It does that by providing a well-known, and hopefully popular service. Here's how it works:

1. Imagine that Alice wishes to send Bitcoins to Bob.
2. Bob, sadly, is not well liked. Alice would rather not have anyone know that she sent Bob Bitcoins.
3. So, Alice enters Bob's Bitcoin address into the form at BitLaundry, and selects a delivery schedule.
4. Alice gets a one-time-use address from BitLaundry.
5. Alice sends her Bitcoins to that address, and they get all mixed up with BitLaundry's other Bitcoins.
6. BitLaundry waits until Alice's Bitcoins are received with 10 confirmations.
7. BitLaundry deletes the database link between the one-time-use address and Bob's address.
8. BitLaundry sends Bitcoins out to Bob according to the delivery schedule.

Tips

Send Bitcoins to yourself to obscure their history.

Use multiple recipient addresses and/or spread the transactions over a number of days to thwart correlation attacks!

Fees

0.4900% of the total you send, plus BTC 0.00049 per outgoing transaction

Example: Let's distribute BTC 10 to 7 recipients over 3 days with 2 transactions per recipient per day:

The base fee:
BTC 10 * 0.0049 = BTC 0.0490

plus the transaction fee:

7 recipients * 3 days * 2 transactions/recipient/day * BTC 0.00049/transaction = BTC 0.02058

Total fees: BTC 0.06958

BTC 9.93042 would be sent to the recipient addresses.

Note: If you send less than or equal to the total fee for the scheme you've set up to your one-time address, we'll just keep your Bitcoins! Please note the details carefully.