Which tool you'd use to enhance privacy, receiving on-chain BTC?
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528 sats \ 1 reply \ @DarthCoin 25 May 2023
Onchain is NOT for day to day payments. It is mostly for opening/closing LN channels.
Stop using onchain as your payment network. Onchain is your vault, the hodl wallet that you barely move your corns.
LN = the payment network
Always use the 3 levels stash method
https://i.ibb.co/9yv661b/3level-stash.jpg
And read these guides to see the answer about how to enhance privacy using swaps between LN and onchain:
- https://darthcoin.substack.com/p/lightning-cleaning-machine
- https://darthcoin.substack.com/p/lightning-network-submarine-swaps
- https://darthcoin.substack.com/p/bitcoin-and-privacy
- https://darthcoin.substack.com/p/operating-with-ln-as-a-merchant
- https://darthcoin.substack.com/p/private-lightning-nodes
- https://darthcoin.substack.com/p/bitcoin-private-banks-over-lightning
- https://darthcoin.substack.com/p/node-liquidity-guide
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20 sats \ 0 replies \ @supratic OP 25 May 2023
Yep clear, but sometimes on-chain is needed. Thanks for the useful guides
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1041 sats \ 0 replies \ @mo 25 May 2023
if you have a node, installing Jam could be useful too
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456 sats \ 3 replies \ @shyfire 25 May 2023
On-chain privacy when receiving is simple when using HD wallets. Generate a new address when receiving and that address has never been used before. It looks like a new wallet to chainanalysis.
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0 sats \ 2 replies \ @Zepasta 25 May 2023
But when you pay, it will merge both addresses coins and it will reveal your identity.
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1 sat \ 0 replies \ @OriginalSize 25 May 2023
Your wallet should have coin control so you can choose which utxos to spend. Of it doesn't request it or move to a different wallet. When you spend try to have one utxos input if possible so you're always splitting never combining. If you must combine then wait for when fees are low and use a coinjoin tool.
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0 sats \ 0 replies \ @shyfire 25 May 2023
The question was about receiving, not paying.
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488 sats \ 0 replies \ @kravens 25 May 2023
Wasabi, and recently the Trezor Model T to do hardware wallet signed coinjoins ⚡
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387 sats \ 0 replies \ @0245bdaef2 25 May 2023
Opendime/Satscard
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71 sats \ 4 replies \ @byzantine 25 May 2023
receiving onchain is very easy and very private
only one thing is needed: one new receive address per receive transaction
sending is more complicated
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0 sats \ 3 replies \ @apurimac 25 May 2023
why pay is more complicated?
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0 sats \ 2 replies \ @mooz 26 May 2023
Because when you make a payment, the whole prehistory of the bitcoin you’re sending is traceable back to the very first transaction. If you don’t follow basic rules, your transaction could be linked to you, making all your past and future transactions visible to a third party.
Some simple rules to follow when sending:
- avoid using KYC bitcoin (i.e. bought at a centralized exchange like Binance)
- coinjoin your bitcoin with Wasabi or Samourai before sending
- use anonymous swap exchanges to break the link between the sending and the receiving address.
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0 sats \ 1 reply \ @PictureRoom 18 Feb
So you're saying that when sending out from onchain cold storate, you sould send to an atomic swap like Bolts to swap from Onchian to lightning and then send that to whatever wallet you'd like? Am I understanding that correctly?
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0 sats \ 0 replies \ @byzantine 18 Feb
yes
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10 sats \ 0 replies \ @MrKukks 26 May 2023 freebie
Use BTCPayServer.org, so that addresses are unique for each payment. Then enable payjoin for additional privacy enhancements for receiving. Then install the coinjoin plugin so that you can spend the received funds directly inside a coinjoin, so that you never have to even consolidate coins out in the open and allowing outsiders to see received coins belonging to one person.
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40 sats \ 0 replies \ @nerd2ninja 25 May 2023
Payjoin
https://thebitcoinmanual.com/articles/btc-payjoin/
Good method for opening lightning channels as well
https://thebitcoinmanual.com/articles/open-multiple-lightning-channels/
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1 sat \ 0 replies \ @Athena_Alpha 26 May 2023
We have an entire section dedicated exclusively to Bitcoin Privacy and another to Bitcoin Security. In a nut shell though as others have mentioned:
- Don’t Use KYC/AML Exchanges (use non-KYC only, top non-KYC Exchanges here)
- Take Full Self-Custody Of Your Coins (use your own private wallet not an exchange wallet, we recommend Sparrow Wallet)
- Don’t Reuse Addresses (generate a fresh new one each time you receive)
- Don’t Use Public Block Explorers (Chain Analysis firms can link your IP to the addresses you search)
- Use Your Own Full Bitcoin Node (build or buy your own node and connect all wallets to it)
- Use Tor (Ensure your node and all wallets only connect over Tor or a private VPN)
- Use Coin Control & Labelling (Label and be selective about which sats you use when you spend)
The most important ones all Bitcoin beginners should start with is using non-KYC exchanges only and taking full self custody of their coins in a private wallet. Good luck!
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0 sats \ 0 replies \ @Bitcoiner1 27 May 2023
Coin join using Sparrow or Samourai Wallets.
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0 sats \ 0 replies \ @ncryppt 26 May 2023
no kyc corn -> wasabi -> hww
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0 sats \ 0 replies \ @2bithits 26 May 2023
No KYC then coinjoin
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0 sats \ 0 replies \ @Distivboy_87 26 May 2023
COINJOIN!
CoinJoin is a privacy tool that ensures Bitcoin transactions cannot be tracked, protecting the identities of the sender and receiver.
CoinJoin offers a lower level of privacy compared to Tornado Cash but is available for Bitcoin, making it a popular choice among Bitcoin users seeking privacy on the network.
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0 sats \ 0 replies \ @Gian 25 May 2023
From LN swap...
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0 sats \ 0 replies \ @BitcoinNewsCom 25 May 2023
https://bitcoinnews.com/coinjoin-versus-lightning-for-bitcoin-privacy/
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