Whoever gives me a satisfactory answer receives... - page 2.

hosseinimr93

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Quote from: Charles-Tim on June 13, 2023, 09:37:21 AM

But is that accurate enough?

With using a change address, you can confuse blockchain analyzers to not know which of the receiving addresses is owned by the recipient and which of them is the change. That's why blockchair.com suggests having a change. But you don't really need to always do that and you are right. That's not accurate. If you make a transaction with only 1 output, it's more like sending the fund to yourself or making a deposit to an exchange.

Quote from: Charles-Tim on June 13, 2023, 09:37:21 AM

Assuming I use my procedure and split my coins to different addresses, is that not good too?

You can surely improve your privacy in that way, but those addresses are still linked with each other somehow.

Charles-Tim

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Quote from: hosseinimr93 on June 13, 2023, 09:20:11 AM

Blockchair.com suggests not sending the whole balance, so that the transaction has a change.

Oh! I get it now.

But is that accurate enough? Assuming I use my procedure and split my coins to different addresses, is that not good too? Because if you check a transaction, there are sometimes you can differentiate between the change address and receivers address. Another is if I send bitcoin to Mr A and Mr A trace the transaction, he might also know my address balance.

But if you split it back to many address of yours, the better the privacy too.

hosseinimr93

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Quote from: Charles-Tim on June 13, 2023, 08:53:01 AM

Assuming you have 5 BTC and someone ask you to send him 0.0005 BTC, the person can easily know on blockchain explorer that you have 5 BTC. If you have splitted the 5 BTC in different transactions to different addresses, it gives you more privacy.

The warning mentioned by OP is displayed on blockchair.com when a transaction has exactly 1 output and it has nothing to do with the amount you send.
In the case your transaction has only 1 output, you will see that warning, even if you send only 1000 sat.

Blockchair.com suggests not sending the whole balance, so that the transaction has a change.

Despairo

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Although it's true, but it doesn't mean if you split your coins into 5 addresses, you will have a great privacy and no one can trace you. You can still get traced especially you link your coins with centralized exchange or casino which already recognized by the blockchain explorer.

If you want to protect your privacy, you need to use mixer and split your coins, the blockchain explorer missed few important words.

Charles-Tim

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The more you spilt your coins, the hard it becomes to trace all on blockchain explorer.

Assuming you have 5 BTC and someone ask you to send him 0.0005 BTC, the person can easily know on blockchain explorer that you have 5 BTC. If you have splitted the 5 BTC in different transactions to different addresses, it gives you more privacy.

If you withdraw from an exchange, I can easily know that on explorer too that it is from an exchange that do process multiple outputs at once. But if it is from your wallet, I can easily know and know the rest of your your balance.

BitMaxz

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Quote from: EarnOnVictor on June 13, 2023, 08:24:44 AM

The question is how? What is the security threat here?

The only problem is you didn't read the warning carefully there is no security threat mentioned in the warning but talks about privacy.
Meaning if you send the whole BTC to your other wallet it compromises your privacy, not the security itself.
However, if you send them to multiple addresses it increases your privacy.

EarnOnVictor

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...A big Thank You from me...

It's over a month since I've been looking for an answer on the internet but there was none, I guess it's time I ask my seniors in Bitcoin affairs about it.

Recently, I noticed a Risk Warning from Blockchain Explorer on my transaction, and when I checked I discovered the warning was due to sending "Everything" in that wallet address to another one.

See the warning below:

Quote from: Blockchain Explorer

If you are withdrawing funds from an exchange, it is okay. If you're moving funds to another wallet, do not transfer the whole amount to another address. It greatly compromises your privacy.

The question is how? What is the security threat here?

Note: The quote is not clickable because I don't want to reveal the transaction involved for privacy reasons.

Topic: Whoever gives me a satisfactory answer receives... - page 2. (Read 414 times)