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I finally broke down to learn how to get Bitcoin. I just bought my first $100 using Coinbase. Can I now send it to a private wallet before transferring some elsewhere? What's a good wallet that's private/anon? Also that can be used on a phone.

Edit: I want it to be able to hold doge and some others as well.

I finally broke down to learn how to get Bitcoin. I just bought my first $100 using Coinbase. Can I now send it to a private wallet before transferring some elsewhere? What's a good wallet that's private/anon? Also that can be used on a phone. Edit: I want it to be able to hold doge and some others as well.

(post is archived)

[–] • 3 pts (edited )

Kucoin and uphold are who I use for my digital exchanges.

I don't like coinbase.

If you end up with a lot make sure you get like a Trezor wallet.

[–] • 2 pts (edited )

... WUT? those are not wallets. Those are exchanges.

Exodus is a noob friendly wallet.

[–] • 1 pt

I miss typed. I meant exchanged.

[–] • 2 pts (edited )

Just to chime in:

Bitcoin core wallet allows you to create multiple public addresses, which allows you to have all your coins in one wallet but with different 'traces'. Say you bought 1 BTC on coinbase and won 1 BTC in an online casino that didn't require KYC. The coins from coinbase would be sent to address #1, and the ones from the casino would be sent to address #2. In your wallet, you would have 2 BTC, but only 1 of those would ever be traced back to coinbase. As others have suggested, you could send the coinbase BTC to a tumbler and send it to address #3, obfuscate the origin along the way.

In general, always use a unique address when doing BTC transactions - unfortunately most wallets don't support that and leave you with a single address that is easy to track.

Gets a little more complicated when you then need to send out the coins from your wallet, if you want to preserve your pseudo-anonymity, as you'd need to select the correct inputs to not mix the coins and reveal their origin.

If you want anonymity, something like XMR is probably the way to go.

[–] • 2 pts

There is no such thing as a private bitcoin wallet. All wallets consist have public addresses, and any transactions are public and can be easily traced from coinbase to wherever else you want to send bitcoin.

The key to access and address is private. Right now your bitcoin is on coinbase and they have the private key to your coins. You want to transfer them to somewhere where you have the private key, correct?

[–] • 1 pt

So there's no way to be anonymous with your Bitcoin? I don't like that I had to take a picture of my id to use Coinbase. I guess asking how to be private was wrong when I should have asked how can I be anonymous?

[–] • 3 pts

At thr end of the day you can't be anonymous with bitcoin. You can send and receive from your own wallet without having to give personal information, and have full control over your crypto, but anywhere it touches other monetary systems (like coinbase), you can be tracked. If that makes sense.

I'd say Exodus or Coinomi for a basic software wallet that can hold both bitcoin and doge. Just make sure to backup the keys/phrase to generate the wallet again. Write it down somewhere so even if your computer/phone dies, you'll be able to get access again to the crypto.

[–] • 2 pts

Lightning nodes will obfuscate your transactions. Combined with a wallet that ALWAYS uses new addresses... And it would take. National resources to sort it out.

[–] • 2 pts

Your Gov't ID is now tied to that BTC and will be traceable whatever wallet you transfer it to. To make it anonymous you would ha e to move it through a mixer similar to tornado cash but on the bitcoin chain, or even bridge it to another chain like SCRT (secret) and then back again.

[–] • 0 pt

Good point. Eh, I'll consider it a $100 lesson. I'll just get a wallet then go to a Bitcoin machine and pay cash. That would be anonymous?

[–] • 1 pt (edited )

Yes there is.... People are stupid.

BISQ (it's an exchange)

WAVES exchange.

[–] • 0 pt

I'll check these out, thank you.

[–] • 0 pt

Yes and no. There are easy ways to obfuscate a BTC wallet address. Yes the NSA can probably figure it out but your neighbor can't.

And yes. The exchanges own that guys shit. What a faggot. Lol

[–] • 0 pt

Lol, yeah you can always route it through multiple exchanges and sites, especially foreign, and make it effectively mixed. Plus, most crypto sites eventually fold because of gross mismanagement and/or Ponzi schemes.

[–] • 1 pt

I mean... Set up 20 accounts on HODLHODL and BISQ and trade between them a few times at random... Using wallets that use new addresses for every transaction... If you had a billion dollars and the NSA and Spetznas were on your ass they could figure it out maybe

[–] • 2 pts (edited )

Blue wallet is a BTC only wallet. Exodus is a very nice looking noob friendly wallet. Welcome to the resistance bro. It's better here.

Don't leave your coins on the exchanges...

Protect your 12 words even from wives girlfriends kids etc.

Take the time to LEARN.

Some resources:

lookintoBitcoin

21lessons

Satoshi white paper

Take your time. Hodl and watch charts and learn for like 2 years. Don't actively trade for a while.

There are plenty of ways to obfuscate your coins. Easy as fuck. These dillards don't take the time to learn and parrot bullshit from Peter Schiff. Check out how lightning nodes obfuscate transactions. BISQ and HODLHODL are anon exchanges. They are kinda weird but not too bad. WAVES exchange is also excellent. With multiple wallets WAVES will give you anonymity and obfuscation as well.

[–] • 1 pt (edited )

https://bitcoinpaperwallet.com/

Jk, but only a little.

You need to know what you're doing to verify the code and take security precautions when you run it. And you need to use a time-tested version (should be easy here since no one uses these anymore lol - and it's older protocol only). You also need to be aware of the usecase pitfalls of paper wallets. And you should use a password, a strong password, and store it hygienically.

Paper wallets are hard because they lay bare the true difficulty of what you're attempting to do. You can use another wallet, but that doesn't change the basics. Every problem with paper has an analog in e.g. Trezor, and you can easily lose coins or be scammed. You should use all wallets with the expectation that you will fuck something up and you will lose some Bitcoin.

Don't ever put your trust all in one vendor, device, codebase, etc.

[–] • 1 pt (edited )

Coinbase has it's own wallet called "Coinbase Wallet" - that's the best option for you. You can move digital currency from your coinbase account to your wallet (and back) for free. Protip - Take advantage of all the free coins they give you on Coinbase, I have made over $30 in handouts there.

[–] • 1 pt (edited )

I found it all to be very byzantine, onerous and unnecessarily confusing. Then again, I’m retarded, so.

[–] • 1 pt

To be honest I don't even think you really actually own coins on coinbase. I think they just do make believe. The fees for moving your coins is horribly high or even buying for that matter. I have coinbase and Gemini. and I got Gemini because they said that brave browser was going to be able to be compatible with Gemini using the Android app. which to this day I don't believe it is so that was a huge farce. With the uphold wallet you pretty much give 90% of your coin away in fees so what's the point of that. Your best bet would probably be to trade in ChatterBait tokens, that might keep you a little anonymous.

[–] • 0 pt

I don't even think you really actually own coins on coinbase

Functionally you can't. They own the coin, and you simply have a claim on them. If bad things happen, you might not be able to actually claim the coins.

[–] • 1 pt

They're like a service department in a car dealership. they just rip you off in every way they can. There's no easy way in there's no easy way out. If I'm not mistaken if you don't use these guys then you have to find an exchange and then you have to find a wallet I'd imagine you have to pay to use both. The only coins I really have of any meaning to me is on coinbase the Gemini wallet I have is really oittance.

[–] • 1 pt

Any KYC coins keep in the kyc system

Any non kyc coins keep out of the kyc system.

If you absolutely must go from one to the other XMR in/out of kraken in small amounts should be good. But in large amounts, find a really good accountant.

Coinjoin for btc privacy. Don’t use any dark web “mixers”. Coinjoin caved to sanctions, and it’s known your coins got mixed, and when they try to in mix it, they could accidentally link you to a serious crime.