pull down to refresh

25 sats \ 3 replies \ @chairman_pretense 21 Nov 2022 \ on: What are some Bitcoin / Lightning Network tricks most ppl don't know about? bitcoin
Transferring off exchanges to a lightning wallet then using Boltz to swap to cold storage is the best way to stack nicely consolidated utxos.
write
preview
10 sats \ 2 replies \ @sb 21 Nov 2022
Thanks for the idea! Does this help break the on-chain footprint and improve privacy?
reply
0 sats \ 1 reply \ @chairman_pretense 21 Nov 2022
Probably does help with privacy too, although I’m not an expert on lightning privacy. As I understand it it’s “better but not perfect”.
reply
0 sats \ 0 replies \ @Louferlou 21 Nov 2022
If you use Boltz through Tor, it is almost impossible to make a link between you and the new UTXO IMO
What I do for the few purchases I still do on CEX, is I withdraw from Kraken with Lightning (free withdrawal) to a mobile Wallet. This allow me to add a step for potential regulator who'd try to track me, and avoid a direct doxxing of my node.
Then I send funds from the mobile wallet to my own node (running behind Tor). Finally I use Tor Browser to reach Boltz of Deezy and perform a reverse submarine swap from my node. I assume the UTXO received on my cold wallet is now pretty "anonymous"
reply