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Topic: Hard Wallet Privacy - page 2. (Read 342 times)

legendary
Activity: 1904
Merit: 1074
November 29, 2019, 02:10:50 PM
#8
Why do you not use a web wallet for the receiving address and then before you transfer it to your hardware wallet, you just use a mixer service to

destroy all links between your Youtube account and your hardware wallet. It would be the best option to accumulate a lot of donations or payments

in the web wallet before you push it through the Mixer service, because you want to keep the fees paid for the mixing to a minimum. I regularly do

that with coins I have to send to an exchange, because the KYC/AML regulations with these exchanges will also leave a tx history back to the

source.  Angry 
full member
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
November 29, 2019, 01:49:19 PM
#7
Considering privacy, is it better to send small amount of BTC to my hard wallet or there is no problem sending all my BTC at once?
I mean, if I send 5 BTC from 1000 diferent addresses to just one address in my Ladger Nano, it will be clear that all those adresses belongs now to just one person.
So, somebody could guess some of those addresses belongs to me, because let's say, I had some tip address in Youtube, therefore this bad guy could realize I consolidated my BTC on a Hardwallet, therefore he could want to kidnap me.
Am I right on this way of thinking?
adresse is random, and nobody can tell what is who's, if you stupid enough to tell them.
and private key is not easy to remember too, if they dare to kidnap you just because know you have bitcoin, so what happen to people with big money in the bank, so don't worry about it
legendary
Activity: 3024
Merit: 2148
November 29, 2019, 01:46:48 PM
#6
You can try using this tool to develop better understanding of how addresses become linked together and check your own wallets: https://www.walletexplorer.com/

Your concern isn't specific to hardware wallets, it's the fundamental property of Bitcoin. Easiest and best solution is to use mixing services to avoid creating connection between your addresses. It's better to be safe than sorry, physical attacks on Bitcoin owners did happen in the past.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
November 29, 2019, 01:27:56 PM
#5
I wouldn't worry too much about 5 BTC in one address. Or even 10 BTC in one address.

I would most likely separate my holdings, if I had that much, into 1 BTC portions, and it's not for privacy reasons. There are other people or entities that hold much more with no problems though.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
November 29, 2019, 08:17:00 AM
#4
If you're really that paranoic and your youtube followers know your address (how else could someone kidnap you?) you can use mixing service for example the one in signature above.
You send bitcoins from donation address to mixing address and they will send almost the same amount to your hardware address. They will send from some random wallet, not the one that you send to. So no one can trace your donated bitcoins.
legendary
Activity: 2506
Merit: 1394
November 29, 2019, 07:15:43 AM
#3
This is also applicable in all wallets, not only on hardware wallet.
Just what mocacinno said above.
As long as those bitcoin addresses  you have in your wallet has no connection to each other in transaction, like this x address and y address with different amount of Bitcoin will sent to another address, I don't really know what is called about that, it's something consolidating your bitcoin then send it to another address.
legendary
Activity: 3584
Merit: 5248
https://merel.mobi => buy facemasks with BTC/LTC
November 29, 2019, 07:12:39 AM
#2
Considering privacy, is it better to send small amount of BTC to my hard wallet or there is no problem sending all my BTC at once?
I mean, if I send 5 BTC from 1000 diferent addresses to just one address in my Ladger Nano, it will be clear that all those adresses belongs now to just one person.
So, somebody could guess some of those addresses belongs to me, because let's say, I had some tip address in Youtube, therefore this bad guy could realize I consolidated my BTC on a Hardwallet, therefore he could want to kidnap me.
Am I right on this way of thinking?

You're right in this way of thinking. However, when funding several addresses on your new hardware wallet, your old wallet might use several unspent outputs to create a new transaction, and your old wallet might start creating change addresses. This way, all addresses of both your old and your new (hardware) wallet might get linked.

If you want to do this right, you'll have to start using coin control features, select which unspent outputs of your old wallet you want to spend and use them completely (without a change address). This way an attacker will know it's probably a transaction between your own wallets (due to the absence of a change address), but he won't be able to link the new addresses on your hardware wallet together (unless you start spending from your hardware wallet, in this case it to can select multiple unspent outputs and create change addresses).

This will only work if your old wallet has several addresses that are funded, but you never spent funds funding those addresses to begin with.

TL;DR; you are correct, but if you don't pay attention to which unspent outputs you use to fund wich addresses, things might still end up in a big, entangled mess
newbie
Activity: 2
Merit: 1
November 29, 2019, 07:06:55 AM
#1
Considering privacy, is it better to send small amount of BTC to my hard wallet or there is no problem sending all my BTC at once?
I mean, if I send 5 BTC from 1000 diferent addresses to just one address in my Ladger Nano, it will be clear that all those adresses belongs now to just one person.
So, somebody could guess some of those addresses belongs to me, because let's say, I had some tip address in Youtube, therefore this bad guy could realize I consolidated my BTC on a Hardwallet, therefore he could want to kidnap me.
Am I right on this way of thinking?
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