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Wednesday, 30 January 2019

Increasing Privacy of Wallet/Bitcoin

I was thinking of a way to make my bitcoin more anonymous and not tied to KYC systems like Coinbase or Kraken. I'd love to hear what you think?

  1. Buy Monero (XMR) on Kraken. KYC wouldn't matter since XMR transactions are confidential.
  2. Use Xmr.to or Bisq to trade XMR for Bitcoin
  3. Have that Bitcoin from step #2 sent to hardware wallet or equivalent cold storage.

Thoughts? Do you see any flaws here?

submitted by /u/sbddpm
[link] [comments]

from Bitcoin - The Internet of Money http://bit.ly/2Tk9S8j

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