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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)

[–] 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