It’s not fool proof, but someone watching the block chain could assume that a cluster of addresses belongs to you. If you aren’t careful, this can be used to cluster many addresses in your wallet together. The addresses comes with a history as well. When you spend bitcoin, you usually link different UTXOs together to construct the payment and then send some of it back to yourself as change. It also offers an excellent option to mix your coins with coin join. Wasabi gives you control of these outputs. A bitcoin is only an unspent output from a previous transaction (UTXO). Wasabi Wallet is designed to be a spending wallet.
I would recommend Wasabi Wallet ( Tor link) as a spending wallet. If you have to, use a VPN or Tor so it’s not connected to your IP.Įlectrum multi-sig wallet > Electrum Client > Electrum Personal Server > Bitcoin Core > Tor Long versionĬreate a separate spending wallet so you have at least one spending wallet and one cold storage wallet.
#Electrum coin control full#
Or even better connect it to your full node with Electrum Personal Server (guide for Windows and Mac) and have the full node running over Tor. If you don’t have Electrum connected to your own full node, mix all coins going out of your cold storage wallet.Do not produce any change in your cold storage wallet. “Top up” your spending wallet with whole UTXOs (coins).Mix all bitcoins with Wasabi Wallet, Samourai Wallet or Joinmarket before depositing to your cold storage.Or use the lightning network (mix funds with Wasabi before depositing to your lightning wallet). Use Wasabi Wallet as a spending wallet and never use your cold storage wallet to directly send funds to someone else.If you have taken the time to create a cold storage wallet, I would advise you to at least look at some of the easiest solutions that’ll give you most “bang for your bucks”. How much time and effort is it worth to put in to secure your bitcoin the best you can? How much effort you put in to protect your privacy depends on your personal threat level and how much bitcoin you protect. For example when you broadcast transactions or use your real name to purchase things with bitcoin. All bitcoin transactions are public so you can leave traces on chain. It’s a scale where every privacy leak can be used against you (the more leaks the worse). But this can be improved even more by thinking about a few key points. Do not look up your addresses on block explorersĬompared to the traditional financial system, simply using Bitcoin and controlling your own keys is a big step forward from a privacy standpoint.
0 kommentar(er)
