I was told one shouldn't do this even after 1 transaction whether sending or receiving from one address. Is that true/false? I read it has to do with anonymity.
The reason is because i have around 7.xxxx btc in my electrum wallet in a certain address and i want to receive another 10 btc from a site on the same address. Thus i want 17.xxxxx btc in that address and not 7.xxxxx in this one and 10 btc in another one. I done 2 transactions total with that address, receiving btc from a site, and sending some btc to another site.
I believe one address i read in electrum u can do up to 1000 total transactions before u use another address?
So for now is it fine if i use the current one? Also, is it safer to have 7.xxxx btc in one address and 10 btc in another address or just keeping the whole amt of btc in one address or its the same thing? I read ppl say you shouldn't put all your eggs in one basket like btc but just want to know if theres any difference with keeping the btc in electrum this way or its the same thing basically. Obviously if you keep 7 btc in electrum and say 10 btc in multibit, its different. But wondering if different address mean anything.
The recommendation is for privacy. If you use the same address then people who knows your address (for example the one you sent you the
BTC7.x) will know you received a new payment and could track some transactions. If you don't care about it's totally safe to use the same address several times. You don't
have to use a unique address for every transaction, it's just recommended for privacy.
Any reasons why you don't want to split your balance in 2 addresses?