Is it safe/dangerous to sell if the wallet gets to valueable - page 2.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: h0pens on July 28, 2019, 03:16:07 PM

1. How do I sell my bitcoins without any noticeing my wallet and who I am? Should I always use a vpn when sending a transaction?

it depends on the type of wallet you are using!
if it is a full node then using VPNs and TOR are good options for increasing your privacy but if it is an SPV wallet, a web wallet or worse of all a custodial wallet then your privacy is reduced in order of the types i listed here. hiding your IP doesn't do you much.

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2. Is there criminals that searching in blockexplorer (or in another way) to find a wallet like mine and then searches up those ppls in the real world and threats them to their life?

they have to be able to link the "coins" to the person. as long as you are not advertising your identity online and not linking it to your address you could be fine.

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3. How do I best sell / splits up my wallet

sell on exchanges, and if you have large amounts split it among multiple addresses (like 10BTC per address).
if you decided to sell face to face then make sure to do it in a public place and bring someone with you as "bodyguard"!

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4. Can I trust the exchanges? They have my personal information.

not so much. they are hacked all the time and some of them are shady enough to sell your information online! specially the big altcoin exchanges.

dkbit98

legendary

Activity: 2212

Merit: 7064

Samourai wallet have nice features for keeping your BTC and your privacy.
https://samouraiwallet.com/

Just check the features
https://samouraiwallet.com/features

Quote from: h0pens on July 28, 2019, 03:16:07 PM

I have one wallet with some bitcoins. If bitcoin continues to grow in value (think 100k - 1000k) that wallet will be very valueable.
1. How do I sell my bitcoins without any noticeing my wallet and who I am? Should I always use a vpn when sending a transaction?
2. Is there criminals that searching in blockexplorer (or in another way) to find a wallet like mine and then searches up those ppls in the real world and threats them to their life?
3. How do I best sell / splits up my wallet
4. Can I trust the exchanges? They have my personal information.

1. use Bisq exchange https://bisq.network/
2. Yes. Do not talk in public how much BTC you have .
3. Best not to move BTC, if you want to keep it.
4. Not for keeping BTC, only for trading.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: h0pens on July 28, 2019, 03:16:07 PM

I have one wallet with some bitcoins. If bitcoin continues to grow in value (think 100k - 1000k) that wallet will be very valueable.
1. How do I sell my bitcoins without any noticeing my wallet and who I am? Should I always use a vpn when sending a transaction?
2. Is there criminals that searching in blockexplorer (or in another way) to find a wallet like mine and then searches up those ppls in the real world and threats them to their life?
3. How do I best sell / splits up my wallet
4. Can I trust the exchanges? They have my personal information.

1. Use change addresses every time you make a transaction. This somewhat dilutes the trail and uses a different 'starting point' on your transactions everytime and not just the same address you have used for the previous tranaactions.
2. There are, though I don't think they'd be interested in low volume/weight addresses. Even then, there's still no correlation between IP addresses and transactions, so you're safe.
3. Refer to number 1.
4. Yes and no. You can trust them to facilitate the trades however you don't know if they're using your docs for something else. Just don't leave lots of money on exchanges and you'll be fine.

Naughty Princess

full member

Activity: 952

Merit: 107

Quote from: stfN2128 on July 28, 2019, 04:10:54 PM

The best thing you can do is splitting your coins on different addresses. before you do this you can use a mixer. its always better when you sell some coins and the other one knows your identity. just imagine someone buys 0.1 bitcoin and sees you have 8 btc left on this address... so 1.) make sure no one gets your identity or 2 as already said, split you coins on different addresses.

I agree. Make other account, do not link on your main account, which you can use for your different transactions. That would be safer though every transactions is anonymous unless there is a request for KYC that ask for your personal info. Be careful of the site you are using because some are just phishing.

stfN2128

member

Activity: 882

Merit: 14

The best thing you can do is splitting your coins on different addresses. before you do this you can use a mixer. its always better when you sell some coins and the other one knows your identity. just imagine someone buys 0.1 bitcoin and sees you have 8 btc left on this address... so 1.) make sure no one gets your identity or 2 as already said, split you coins on different addresses.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

1. Sending transactions while using VPN/Tor is a good idea, because it will prevent adversaries from linking your IP address to your coins.

2. It can happen, people can leave their addresses on forums and social media, and even one address can be linked to other addresses if you are not careful.

4. Using exchange will have much smaller risk of getting scammed/robbed than a p2p trade, but it's bad for your privacy, especially if an exchange requires KYC. I don't think that they sell data to criminals, but if an exchange gets hacked, personal data can be stolen too. Exchanges share customer data with officials though, so you'll have to pay your taxes.

pixie85

hero member

Activity: 2184

Merit: 531

People can't trace you personally through the blockchain. Your transactions don't have a nametag on them. Nobody will come and threaten you.

The safest way if you want to avoid KYC is to trade on decentralized exchanges or in person. You can also use an ATM to withdraw bitcoin anonymously.

I can't tell you if you can trust exchanges to hold your data private but you can trust them to send you the money if you use a big one like coinbase. They won't scam you but you won't avoid KYC if you use them.

h0pens

newbie

Activity: 14

Merit: 3

I have one wallet with some bitcoins. If bitcoin continues to grow in value (think 100k - 1000k) that wallet will be very valueable.
1. How do I sell my bitcoins without any noticeing my wallet and who I am? Should I always use a vpn when sending a transaction?
2. Is there criminals that searching in blockexplorer (or in another way) to find a wallet like mine and then searches up those ppls in the real world and threats them to their life?
3. How do I best sell / splits up my wallet
4. Can I trust the exchanges? They have my personal information.

Topic: Is it safe/dangerous to sell if the wallet gets to valueable - page 2. (Read 318 times)