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Topic: Is there an alternative way? - page 2. (Read 229 times)

hero member
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Top Crypto Casino
October 14, 2023, 03:46:06 PM
#3
You really don't have to worry about your Hodling wallet if you have made it air-gapped because cold wallets are the safest option we have and even if someone knows about your wallet address then still that person won't be able to hack your Bitcoin. The cold wallets are very safe to hold Bitcoin for long durations but still a person has to be careful before using any cold wallets. The precautions should be related to installed operating system mostly.

The wallet software should be installed on a freshly installed copy of an operating system (Linux the best choice,) and once everything is done in the best way e.g wallet software installation, wallet generation, and wallet private key + seed phrase generation and saving those on multiple storage options, then the user should get the address and send Bitcoin into that address and completely cut out the internet from that system. That's the best way to Hodl Bitcoin and a user doesn't need to worry about hackers if he/she has done the steps in the best way possible.
legendary
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Merit: 1034
Fill Your Barrel with Bitcoins!
October 14, 2023, 03:38:37 PM
#2
You can generate an address offline and send funds there.
sr. member
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Crypto Casino and Sportsbook
October 14, 2023, 03:34:42 PM
#1
Hodling is something almost everyone in the Bitcoin ecosystem wants to participate in,and therefore the use of cold wallets and hard ware wallets which deem to be more secure is necessary.However how really does one keep his hodling wallet secret from the internet with the open source nature of Bitcoin. For instance assuming you have multiple Bitcoin wallets and a particular HODLING wallet which you fund using the other wallets(the multiple wallets), using block chain explorers to inspect the transaction history of the other wallets will give a trace to the hodling wallet and therefore give someone the ability to monitor the assets in your HODLING wallet .How then can this problem be solved? Of course someone may suggest Using mixers to run the transactions how ever is there any other alternative way of moving funds to a hodling wallet from other wallets without any trace?
Also I would like to understand more about how mixers work so I will appreciate any summarized explanation or any article on mixing.
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