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71 sats \ 4 replies \ @byzantine 25 May 2023 \ on: What's the most privacy-focus way to receive onchain BTC? bitcoin
receiving onchain is very easy and very private
only one thing is needed: one new receive address per receive transaction
sending is more complicated
why pay is more complicated?
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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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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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yes
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