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86 sats \ 10 replies \ @Jon_Hodl 9 Jun \ on: Cash App Concerns bitcoin
It sounds like he’s trying to send to something like a gambling platform or perhaps some sort of address that’s associated with illegal activity (regardless if there’s nothing immoral with it).
It’s best to always send to a new address every single time.
Even better to have an entirely different wallet just for withdrawals from Cash app to ensure he doesn’t accidentally mix sats with any addresses that chain analysis companies deem “unsatisfactory”.
Interesting you say that. He told me he sends directly to cold storage (not best practice) using a fresh address each time.
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Sending directly to cold storage isn’t a best practice?
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I'm pretty sure I was told that sending to an "intermediate wallet" that is self custodial, and then sending to cold storage improves privacy when the origin is a centralized exchange.
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How would that improve privacy? The exchange would see:
Exchange wallet --> intermediate wallet --> end wallet
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But then you'd want to coinjoin before sending to cold storage, no?
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I think this has to be done in order to be useful. Otherwise it's just as @Mishawaka said here: #1002518
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Ah, that could be
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