#64 new

Bitcoin safety

Reported by warnersmith | January 19th, 2021 @ 02:26 PM

How to protect your cryptocurrency? This question is really interesting and I would like to speak about it. Despite strong passwords for your crypto wallers I also can mention mixers. Bitcoin mixers are solutions (software or services) that let users mix their coins with other users, in order to preserve their privacy. ... By mixing their coins, users can obscure the ties between their Bitcoin addresses and real-world identities. This allows them to use Bitcoin more privately
What do you think about BTC and other crypto safety?

Comments and changes to this ticket

  • warnersmith

    warnersmith January 19th, 2021 @ 02:57 PM

    Any sources are appreciated.

  • jaredpadaleki

    jaredpadaleki January 19th, 2021 @ 02:58 PM

    First of all I want to add: to provide BTC safety it's really essential to use mixers. Any blockchain network node can get all the information about transactions within it - the principle of transparency. But no one said that law enforcement officials or the repressive apparatus could not be the network. Therefore, it was necessary to find a way to "break" the sequential chain of transactions - cryptomixers. For example https://bitmix.biz/en/bitcoin-mixing is good enough and that's why I've been using it since 2018.

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