pull down to refresh

0 sats \ 2 replies \ @PictureRoom OP 28 Jun \ on: Bitcoin Privacy: Coinjoin Best Practices for Hardware Wallet Users bitcoin_beginners
Update:
I had a little convo with Claude and passed to it some of my own thinking and understanding, and this is what I've come to:
The 3-Wallet System
  1. Old Wallet (Jade) - Contains traceable coins from exchanges, P2P, Alby, etc.
  2. Mixing Wallet (Sparrow Hot Wallet) - Temporary wallet for privacy operations
  3. Clean Wallet (New Hardware/Cold Storage) - Final destination, never connected to your identity
Initial Cleanup Process
Jade (old coins) → Sparrow (mixing) → New Clean Wallet Steps:
  1. Create new seed phrase for clean wallet (completely separate from Jade)
  2. Install Sparrow, create new hot wallet (different seed from both other wallets)
  3. Transfer coins from Jade to Sparrow mixing wallet
  4. Use Sparrow's "Privacy" toggle (Stonewall transactions) when sending
  5. Send from Sparrow to clean wallet using private transactions
  6. Wait days between each step - don't rush the process
  7. Use different amounts - avoid round numbers
  8. Send in batches rather than all at once
  9. Wipe Sparrow mixing wallet when done
It's not perfect, and not probably the "best", but from my understanding this is very well "good enough"
write
preview
0 sats \ 1 reply \ @avo 4 Jul
You kind of lost me with your focus on separate "wallets" and no mention of coin control, addresses or UTXOs. An important concept to know when thinking about Bitcoin privacy is that wallets (Jade, Sparrow or any other) do not actually hold the funds. Be careful with AI.
reply
15 sats \ 0 replies \ @PictureRoom OP 5 Jul
Yes, that I do understand and do manage my UTXO's myself. I could have mentioned it, yes. If one is using sparrow, it will come apparent that UTXO management is important and easy to manage within the program. Thank you for the feedback.
reply