Privacy BCH Tip: Keep multiple wallets!

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Avatar for RowanSkie
4 years ago

This post is #PoweredbyMonolith. #PoweredByMonolith? Either works!


So hey, I heard you made money. BCH, to be exact. But part of them are from exchanges you don't trust yet, and another part of them are from faucets with less than reputable sources. And you care about privacy that you upgraded from your single address towards BIP39-supporting seed phrases.

The first thing you should first do is select your main, most private wallet and keep its private key very safe. Write it down in fact.

The rest are now my own opinion.

Next, have specific wallets for Exchange and Non-Exchange matters. Why? Because sometimes whatever you get from an Exchange might not be actually the actual price of money you got. Just kidding. It's a way to remove evidence off you, a privacy measure.

For non-Exchange wallet, this one is more obvious. You can send money here and be able to send to Exchanges, but take in mind that this merely can bring security for your money. After all, its safe to have decoys. But this is also important because the keys here are the most public public keys at all.

Like my other BCH tip, you can also import other wallets like your Read.Cash wallet.


This is really subjective. You can have one public set of public keys, one set of private public keys, a set of paper wallets, a hardware wallet, anything. Just make sure that you designate one wallet as your main one and keep it the most secure ever.

This is Rowan, signing off, and have a happy day with Bitcoin Cash, the true peer-to-peer cash! Bitcoin (Core) needs to remove that white paper on their name at this rate, and make Lightning Network or Liquid's white paper their main.

(Just joking. Bitcoin is good too.)

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Comments

@Monolith simpleledger:qrggzx8ez8mv2weag4dqyrnm44knthv3xqut75nqkk

$ 0.00
4 years ago

Great post! Waiting to hear more soon. You have been rewarded with some bonus.

$ 0.00
4 years ago

Thank you for this information, it is useful for some security reasons. More information like this will be welcome from you.

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4 years ago