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(Q.) Wasabi Coinjoin Steps
1139 sats \ 1 comment \ @PictureRoom 1h bitcoin_beginners
I want to make sure that I am understanding the steps for a proper Wasabi Coinjoin.
The purpose is to coinjoin the current coins that I have from my cold storage wallet.
From what I understand, the steps that I would take would be the following:
  1. Create wasabi hot wallet
  2. Send cold storage wallet bitcoin to wasabi hot wallet
  3. Coinjoin the newly received hot wallet funds from the cold storage wallet
  4. Send back the coinjoined bitcoin to a fresh address created from the cold storage wallet.
As for moving forward with newly aquired bitcoin and coinjoing, and with running a node with channels, the steps would be the following:
  1. Receive new bitcoin into lightning channel
  2. **Allow funds to reach enough to send out in a large UTXO
  3. Send channel funds to Wasabi Hot Wallet for coinjoin
  4. Send coinjoined bitcoin from wasabi hot wallet to cold storage wallet
If there is any missing links in this, please let me know. Simple, perhaps, but I have never done this and want to make sure that I am understanding this properly.
Trying to keep it straight forward, but ensuring proper procedure for better privacy.
Thanks so much
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0 sats \ 0 replies \ @OT 12m
Sounds like a plan!
I would have a look at the original cold storage UTXO's. Maybe send them into Wasabi one at a time and also at different times. That would depend on how they were bought, but consolidating them all in one TX might be a bad idea.
You also need to think about how many rounds you want to do.
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