Bitcoin Forum

Posting your Bitcoin address, transaction ID on social media, may not worth it. People can get details of how you spend your money. Using a public address as a public person let's everyone see what you are doing with your money.

But if they is any reason, why u need to post your address or private keys on social media, try to hex code it. Or random people will access your mail. You can hex code with this site www.convertstring.com/EncodeDecode/HexEncode.

I know of only one wallet that fixes this problem, which is Samuraiwallet with their Bip47 reusable payment code. If they is more wallet like samurai, you can share.

Just like the loopholes in Ethereum names. So many proves have been stated. About how buying of Ethereum names can expose your details, to everybody. Unless you like it that way, instead you shouldn't continue using .ETH names to hide your address.
For more details check https://decrypt.co/19423/we-tracked-133000-ethereum-names-and-exposed-their-secrets about how decrypt.to tracked 133,000 Ethereum names.

Although, the government know how we spend our money on crypto market through Exchange. If you convert Fiat to cryptocurrency, they must report your financial transaction or lose the ability to be an exchange in America.  On the contrary, government knows about some transactions happening on Exchanges. So it's Keen to avoid random people to also know about that too. Take some simple measure to ensure your privacy is safer.

You should never post your private keys anywhere. Those are the secret data that unlocks your bitcoins. If anyone finds them they can use them to steal your bitcoins. Bitcoin addresses on the other hand are harmless and nobody is able to take bitcoins using just an address. At worst they can discover how much bitcoin is in the address but they can't take any of it. Encoding your bitcoin address to hexadecimal will not stop people from finding your address as the same site you linked can be used to decode it back into an address.

FBI recently announced that they expect a rise of frauds related to crypto payments, and posted some tips to be prepared:

• Before sending payments/donations, make sure that the receiving party is officially registered and accepts cryptocurrency.
• Monitor potential investment opportunities.
• Do not use your personal bank accounts for doing business at home, do not provide information about your bank account to someone else.
• If you become a victim of blackmail or extortion, contact the law enforcement authorities.

Nothing special, but still.

I don't understand what are you trying to point out.

As far as sharing address and transaction ID is concerned, yes, people can link any transaction to you as all Bitcoin's blockchain data is public. But that is how Bitcoin is supposed to work. If you want privacy while using Bitcoin, make sure not to post addresses publicly and use new address for every new receipt. Also try using mixers to remove any possible trail (ChipMixer is good choice). Encoding/Decoding won't work.

Most of my addresses that I have posted on public sources like this forum are my hot wallets. I keep low funds on them for recurring use. I have never publicized the addresses of my cold storage and no one can link those addresses to me.

We're letting them take it from us. The more technology advances, the less privacy we'll have. Technology is the one that advances, not the human race. We're stuck at the same level humanity was a hundred years ago, having the same desires, but with technology everywhere around us. :)

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Maintaining your privacy means going off the track and probably being considered a weirdo. The sad part is, it's not limited to crypto. When was the last time you went outside without your phone, smartwatch etc? Isn't it true that you feel less secure when you don't have a phone with you? It should be the opposite, because surveillance is what smartphones are.

Go off their radar. Use decentralized exchanges with Tor  Try having an airgapped PC for offline crypto wallets etc. There's a long road ahead if you want to go that way. In my opinion: you either go all the way to protect your privacy or you don't at all.

For example, it makes no sense to use Tor if you're going to use it for logging in to your personal accounts. Go full anonymous. Go from point A to point B, don't stop somewhere in between.

If you are posting your Bitcoin address on social media, which by the way are always monitored by government backed agaencies then you are a fool

The first rule is avoid social media if you are concerned about Privacy. The second rule is to never disclose your identity in public or on social media that you deal in cryptocurrency, as there are scammers and criminals waiting for you always.

If you are concerned about Privacy in crypto universe then use privacy specific cryptocurrency rather than bitcoin

Then that's the end of the story. They can just look at it and look how the money coming in and out from your account, feel jelous or pity and that's it! Well, I admit that it was a bad habit because you don't know who is gonna invade your house force you to expose your account after knowing hw wealthy you are. I am not a computer geek to say this but as far as I know you cannot reverse engineer one's btc address and robbed all the money stored there. Because if it is really possible then for sure most of us here already lost money out of nowhere.  

That's not exactly true.
You can see that bitcoin went to another address, but addresses are mostly unknown and anonymous.

If you are paranoid, you can have a public through out address where you can receive money and them just "clean" those bitcoins in a bitcoin mixer, for example.

Nowadays people careless about their privacy, although address analysis techniques is getting better with so much research being done around this, even if you make use of mixing services,like the Plus token ponzi scheme but atleast you make it difficult for none technical person to know your identity, this is one of the reasons why people use Bitcoin

Your words definitely make sense. Full privacy in our time is a rarity.
But you know what's funny? People who are looking for confidential services (exchange, goods, etc.) often want to know the most detailed information about the resource/seller.

Absolutely yes with your privacy most important with financial and bitcoin and altcoin is not worth when your privacy know by public, from your wallet and your document data after submitting in exchange account must secure and no one know with your identity card, its most danger when some one else know your ID.

There is a problem though.

Anonymous coins like monero are being delisted from the exchanges while the governments have no problems with coins like bitcoin. It is like they are trying to force you to use semi-amonymous coins.

If exchanges don't adopt monero or othr anonymous coins, people won't even notice their  existence.

Well, it's quite easy to understand the process in fact:

• I'm willing to work with a centralized third party I have to trust. If so, then it's in my best interest to know as much as possible about them. You wouldn't trust me if I wanted to exchange two coins with you, right? You'd want to know more about me to make sure no scam is laying behind my apparent intentions.
• I'm willing to work with a decentralized third party I have to trust. If so, then all I need to do is make sure the third party truly is decentralized. There are a few factors such as checking its source code. This does not break anyone's privacy in any way - you only study its structure and if everything looks good, you proceed to work with it.

I don't know if "third party" in the second bullet is the right way to name decentralized platforms/services such as DEXs. In my opinion, trust cannot be completely removed. Even if you're working with a fully decentralized exchange, you have to trust the code behind it. Going 100% trustless is just an ideal, theoretical thing. I'm no programmer and have 0 knowledge about coding languages, so I have to trust those who say a wallet is safe.

Anyways, the thing is, decentralization removes a very significant part of the need of trust but not completely. However, it increases your privacy enormously. Even if you study these decentralized platforms as in-depth as you can, you're invading no-one's intimacy.

People chose to let the government know their privacy because there's literally a lot ways to avoid getting identity stolen by them. Stupid people who post their Bitcoin address and transaction ID on social media are crazy who wants to get themselves in danger. Privacy is very important.


That's where decentralized exchanges comes in. But the thing here is that, people prefer convenience at the cost of privacy. In an age where time and convenience is very important, centralized exchanges are ruling.

yep well said.. Privacy is what we are into thats why we are in the blockchain

changing the encoding of an input does NOT improve your privacy at all. you would be fooling yourself into thinking otherwise. for example if i post 123 or 0x7b or 0b01111011 they all mean the same exact thing, an integer equal to one hundred and twenty three! besides when you post your address somewhere, you want others to be able to copy it and send you coins, adding a different encoding will just increase their work since they would have to convert it first before they can use it.

ps. it makes zero sense to post "private key" on the internet!

It seems to me that you are kinda promoting this convertsring.com website.
I don't usually post my BTC addresses here and there on social media platforms,so I don't need hex codes or some other privacy measures(I've never heard about hex codes,I'm not that tech savvy).People can see how are you spending your coins.So what?They can't see your private keys or your wallet password.I don't see a problem,if we are cautious enough.
Privacy becomes more valuable in the modern world,because it's way harder to keep it.

Privacy is important. But it is more important to stop illegal usage of cryptocurrency. We have number of incidents lately where cryptos have been involved in various illegal things like Dark Web Silkroad, NZ terrorist attack, money laundering, billions dollar exit scams like MtGox, Plustoken, ransomware etc. They have all taken the benefit of the privacy offered by the cryptocurrency. I am sure the community members don't approve of these incidents. If these were happened within the fiat system, it would have been more easier to brought them under justice! The privacy is probably helping the miscreants more than the common mass.

Bitcoin transaction and history should be private and unidentified that's why people are using cryptocurrency because of its confidentiality. Don't be paranoid and be comfortable with your bitcoin wallet as it is probably safe if you try to monitor it. Sometimes knowing the addresses will let you know if you successfully transfer your money from one another or if the transaction is a success. But in public, you should not let other people see it as this will be the way for those hackers to get your information, they will take advantage of the chance where they will scam your wallet. Always be careful on using cryptocurrencies, privacy is important in all of the aspects in our life so we should always manage and keep it no matter what.

I came up with an even better solution to stop illegal activities you have mentioned. Lets ban Internet! Yea, why not? Internet is being used by criminals all the time. Imagine. If the Internet had never been invented, we would not have had Silkroad, MtGox colllapse and also PlusToken. We would not have Darkweb that is used by criminals, terrorists, drug dealers, etc. Good people aren't using Dark Web, if you do: you either criminal, terrorist or drug dealer. Good people don't need privacy, because they have nothing to hide, if you have, then you know who you are... criminal scum.

Posting your wallet address publicly on social media without it being that you posted it for donation purpose or to receive payment is wrong, same as private key. No one posts their private keys publicly, you're giving the public access to your funds.

Only people that are whale or uses crypto for fraud purposes are the most ones always worried about their privacy. If you're worried, use coin mixing services.

because it's better not to post vulgar things about your assets on social media. I prefer silence about this than giving screenshots about anything from my work. Well, I'm not keeping this a secret, but I don't want to get any other business besides my current job. if there is time, I might teach some people about this.

You can't really help but admit that for the overall good, identifying criminals is a lot better than indulging the concept of privacy. But well, there are various conceptions regarding it honestly, and you can't help but say that both are actually valid commitments. The idea of privacy being ignored probably stems from the fact that other humans see the information instead. If it were, let's say, automated systems, then fear would probably stop stemming out of the idea, though that's basically an impossible idea atm imo. You can't also say that wanting privacy is wrong, after all, a lot of people bs about the news of someone's daily life once they see something wrong with it, even though the context may actually be completely different than what was said.

I agree that privacy is more important with financials. I think we are okay to share bitcoin or altcoin wallet addresses to the public, but we need to use a separate address that will be shared only on the public. The private keys will still our secret, and no one will know that as long as we don't tell other people, we don't have to worry about safety. I think that is why we need to read as much information as we can so we know how to make our wallet safe, and we can protect the coin that we have.

Besides that, I don't share too much about my personal life in social media because I don't think that is the right place to share something with many people who we don't know.

I am happy that you think that privacy is important, this is a disappointing thing to happen, people should realize that privacy overall is important, what if they use your social media account pictures to catfish or fraud people, isn't that important too?
What I am saying is that privacy should be taken seriously even if your finance is involved. Why go so low as to realize that privacy in finance is the most important when privacy as a whole is more important, plus your btc address would be still be spilled when you have a transaction to an individual, it is up to them whether they have ill intent or hopefully none.

Security concern is very much important in dealing with any digital transaction. Specially maintaining privacy of bitcoin accounts is the prerequisite for making safe in crypto market. In such case, sharing of bitcoin address, transaction ID and account information etc. in different site or in social media is totally foolish decision. It may cause different types of lose.

 i. Hackers are always active and it may help to try them to hack your account.
 ii. People may know your secrete information.
 iii. You may fall in some obligations in your country if bitcoin is not permitted by the government.
 iv. Some miscreants may misuse the information etc.

If you are bound to share such information in any case, it will be intellectual decision to use code like hex code etc. You should remind that your security is in yours. So you have to maintain your privacy in your own policy.  

Privacy was really one of the biggest thing we need to protect in order for us to protect our inner information so that no one or no other people may be able to use our identity in order to do bad things around us. Always remember that in the world of cryptocurrency anonymity is the most important part in which no one should be able to know your personal information no other than you yourself.

I might hex code my address but never my private keys.
I leave it written in the paper and don't want to be in my computer even if one without internet inserted.

Going old school is still fine.
If you want to share it with your wife then go write her a letter of how she could access your account thru a private key.
Maybe give her also a hard time just for fun.  ;D

Actually, it is becoming more possible, but it would have to depend on you making very deliberate decisions to keep them. For the regular person living in a developing economy, I'd agree, it's impossible almost be private if you have to interact with the state for taxes and income, for births, deaths, marriages. I believe this is easier in some developed countries who recognise your right to privacy but on the other hand, have increased surveillance.

Whatever our situation, there is technology that helps us become more private. We should start using them.

Actually, there is no reason for us to post or to show our BTC to wallet in social media because no one cares about it, only hackers will be hooked up because of what you have done, showing up your personal information is such a bad thing to do, it is really not advisable for everyone because always remember your privacy, always keep your personal information because someone can use it for some purposes. They may use it to proceed some transactions using some of your details and once bad things happened, you will be the one that will be responsible for it because they use your personal information

Me too, but one thing that hooked me up is they thing he say about posting your BTC address on social media which is really not advisable to do by everyone. You may also visit the link that he have said for more details.

It's okay as long as you didn't use your cold wallet address publicly if you have large transactions. The reason might someone stalking you if they know who really you are. Separate your cold wallet to your hot wallet that you may always use and clean Bitcoin that will always send to your cold wallet.

I don't post any in social media that I'm using Bitcoin nor your Bitcoin address. Because social media is linked to your real personal identity that might put your life in danger from the theft and scammers. Privacy in the crypto world is a must.

sharing private keys on social medias ?  man that was a bad idea to do  .

we all know that private keys is verry important to access a wallet so why would you share it publically but sharing transaction details like tx id and hash or crypto addres is fine afaik   .   for me financial is important but this does not mean that you can carelessly expose your privacy  .  i still secure my privacy as much as possible but not in a point that i wont share my wallet address   .

If we want privacy to be maintained, then don't show our bitcoin address. Because if someone else knows, our transaction can seen
on the blockchain network. Moreover, showing the private key will be more dangerous, the possibility of our wallet can be hacked.
My suggestion for private key is stored in a safe place. And don't let other people know about it. Also avoid exchanges that require
KYC procedures, because of our data can be known by the government. If that happens we lose our privacy.

There's no really safety and privacy if you choose to not post your Bitcoin address in social media websites because this websites crawls your PC and basically monitors you that's how frightening technology are these days.
If installing facebook app compromises security because it has been proven that Fb app is mining data and been selling to the highest bidders for ads.

I thought maybe that person was depressed because he lost playing dice and gambling so that he posted a private key on social media,
very funny to see the faces of the hackers lose enthusiasm when they find out the contents of the victim's wallet is up hehe ;D

hey friend don't be stupid to post private keys on social media, and what are the benefits if you post private keys there. ;)

Obviously privacy is a major role when it comes to financial stuffs, this is a big responsibility and you have to work hard to protect your assets. As the technology advances every year scammers are using different techniques too steal it.

Also I believe it depends on the individuals with whom you interact, if things are well and good then you are safe and secured from BTCs point of view.

This is pretty cool and we can use it to deal with governments that are always negative on crypto. But actually we still have the black market, we trade there quickly and without anyone finding it. I know that you are advertising for Samuraiwallet but you need to give us more of their credibility. because this market has so many crooks creating wallets and we always need the confidence to start a new service. thanks.

Government is able to know the transactions you make when you’re making use of an exchange that is centralized. Centralized exchanges always make reports to the government, but decentralized exchanges has nothing to do with the government and they can never tell what’s happening on decentralized exchanges because they have no access to it and does not control it.

So, if you don’t want the activities you’re into in the crypto community to be known by the government, it would be best that you start making use of decentralized exchanges, if not, then you’re still exposed to them by using centralized ones.

You're absolutely right but despite the fact that privacy played a huge roles as financial is concerned working hard to protect ones assets is not what's needed because knowledge,  researchs and avoiding human errors which may expose ones assets are what needed not tasks. However, majority of people dont know that using a single BTC address twice is not advisable.

That's a fact. Centralized exchanges are submitting to government's demand when it comes to data reading but you don't have to worry if you have nothing to hind or something suspicious linked with your addresses. This is also why I use decentralized to sell my coins or trade because of the privacy I need although I have nothing to hide from anyone I just feel it very comfortable that no one sees what am I doing with my money.

Yeah, also be aware of some decentralized exchanges some of them is under also centralized system where government look for data, much safer with complete decentralized exchanges.

What is the motivation for someone to do this on social media? show off? or because they want attention so that they use social media inappropriately. Post a private key? are you serious
Well, whatever it is, if you have posted on social media, everyone will know, there is no more privacy. Be wise in using social media, use only as needed to establish communication and find out the latest news. Take care of your privacy, not everyone has to know what you are doing, what you are investing, let alone know your wallet.

Yes, Centralized exchanges have an obligation to comply with rules related to "exchange businesses" recognized by the government, usually for consumer protection. This choice can not be forced, centralized or decentralized exchange, both have advantages and disadvantages. What is clear, understand the terms and conditions.

why would i do that?for what reason mate?posting our transactions in social media?it is for private messaging only if needed as proof so posting in sites is a flag for me.
I think it is not confidentiality but at least we will do something to keep it private(as long as we can) because hackers now are very Good at it and if you dont make measures then you will be in the target lists.

but most people want to keep their privacy private so the government doesn't know about their transactions. The important thing is that they want to escape taxes and government investigations, they don't even care about those around them. Like me, I'm a pretty nervous person to know that the government is watching me for some purpose. That is why I often choose underground trading places so that the government will not be discovered. I usually trade large amounts to make a little bit of money every day, so trading directly on exchanges like that would be detrimental to me.

It is true that our privacy is important, but why would you upload your btc address on social media? If you are a Bounty hunter, you should have a Bounty wallet and a personal wallet.

Secondly, why would you upload your private key to a centralized wallet because you want to hide your transaction hash?
that itself is risky or does it mean you use crypto currency wrongly??

Keep your private key safe
Avoid anonymous service and website and follow the true blockchain ideology

There is still a significant difference between personal right to privacy and privacy or rather anonymity that is being used or abused by criminals in facilitating or conducting some illicit activities, for which they must be punished by FBI.

If a person is trying to protect his privacy, it doesn't mean he is trying to commit a bad action that is illegal or dangerous for other people. What it means is that this particular person doesn't want other people to know how many funds he has or on what goods money is being spent. If these goods aren't illegal than he has the right to not tell everyone what he bought.

Basically, if it relates to the internet there will definitely be loopholes to reveal secrets. If you really want privacy, go to the cave, live individually, don't use the internet. Of course, it's not a wise choice because we will miss many good opportunities from the advancement of civilization. Actually there is nothing that needs to be covered up, privacy is indeed the rights of each, just relax if we do something legal then there is nothing to fear from government supervision.

Well of course having privacy is really that important rather than financial because even you have the access to gain source of financial stability, but your privacy is at stake, then it will be nonsense because whatever you will earn will be at risk because your privacy or private information is exposed which is prone to hackers and scammers. Having secured account where you will store your income is really in need because at the modern time we have right now, hackers and scammers do have evolved their ways on how they can get money without the consent of the owner of the account that is why the only thing possible we can do is to secure the privacy, security and safety of our accounts to get rid to those kinds of people around. So better assure not to share nor post private matters online and secure the site where you input such information not to be exposed from hackers.

For the government to be able to be able to trace you depends on the exchange that you’re making use of. If you make use of centralized exchanges to buy cryptocurrency, the government are going to know about it for sure, they are a centralized exchange and they are going to report everything that is being done on their platform to the government.

But, when you make use of a decentralized exchange I don’t see the possibilities of the government knowing what you’re up to. They can never know because they don’t control over decentralized exchanges and DEXs do not report anything to the government.

I agree that privacy is more important than finance. Because revealing your financial activities could lead to many problems such as extortion, manipulation, and could be a victim of bad actors. I do not publish my public address on social media for security reasons, it is better to remain anonymous than to show the movement of my digital assets.

That's a very wise move. Most people want privacy but easily share their personal secrets on social media. Isn't that very contradictory? who knows what the motivation is.

Privacy in finance is everyone's dream. We can avoid offering insurance, credit, and loans or the like, when banks know a lot of assets in our account there will certainly be things like that. That gives more privacy disturbance. That is why many people are interested in the system offered by cryptocurrency. Of course, if we choose to have a private bank, then all risks become the responsibility of each.

It is just like the most common scenario here on bitcoin community wherein, people look and see bitcoin as a cryptocurrency for anonymity but they are exposing their self through KYC for the sake of withdrawing their bitcoins. Then it turns out that their identity is exposed. Yes, there are some rules and laws about privacy but who knows about a malicious website intended to gather personal information about people?

To make sure we're secured, we should know the boundaries of our decisions. Make sure that we're only giving out information on trusted local exchanges we know, and not giving it for the sake of bounties and such.

There are people who aren't aware about his bitcoin addresses that's why they are the one who are the most vulnerable when it comes to scammers and hackers. Privacy is one of the most essential and crucial thing in cryptocurrency, there are a lot of people who are fooling people and who wants to have access on your accounts that's why you need strong security and privacy in your wallets.

Cryptocurrency is not that easy to manipulate especially when there are people who are good at getting bitcoin addresses of other people. Don't be easily fooled by other people and become aware of your surroundings. You should not post any information about yourself and your accounts because it is really unnecessary to do that.

Keep your information and accounts to yourself only, criminals are very good in victimizing people especially if you are ignorant about cryptocurrency. You should not relate your bitcoin addresses into your social media, because social media is only for you to have communication with your friend and be updated on the happenings around you.

In fact, with a great desire, without even publishing your address on social networks, the government can easily track who sold whom to whom and who bought what.

When it comes to money online or not, I do not want to make it public. Even pulling 1 thousand peso in my wallet in public is not my type. Making public any things that is related to money is eye catching especially to bad people around us. They can just make an advantage to it or to you so that they can stole it from you.

I really don't mind if the world sees what I'm buying but I prefer privacy if given a choice.
Saddly we are getting less of it and will be getting less of it in future.

What's happening to Monero is a good example. It's getting delisted from exchanges left and right because of its privacy. They are afraid it can be used to launder money but I thought KYC was going to prevent that. If they take all your information and still don't allow you to use privacy coins it's a sign of something bad coming in the near future. Possibly the end of cash payments.

Actually, both things for me are important, financial and privacy are really important for me, I need financial so I can have things I want and need, it also makes me help my parents and friends whenever they needed, but also privacy is important because in the crypto world safeness is really needed because there are many hackers and scammers in this world and if they know that you are holding a huge amount of money then you will be prone of so many attacks, that is why Satoshi the owner of the bitcoin keeps being anonymous to avoid some thread from hackers.

Of course, privacy and security are too key factors investors and other customers look out for when searching for avenues to keep their funds. This is why Blockchain technology was created to provide security and privacy in the financial sector. Bitcoin is a classical example.

That's right 8). People really have to be careful when they are making use of their cryptocurrency wallet, and it's not every information about your spendings and other activities that you should be sharing to the public.

If you're making use of an exchange and you need help, you should look for help in the right place, which is by reaching out to their support desk or going through their FAQ and not just post your address stuff like that. Even an open wallet still have a FAQ page that are created by the developers to help you when you need help, or you can still do research with Google.

I'd never give away my privacy for convenience or easy access that's probably why I'm all in Bitcoin and not all in EUR or USD.


It's not how it works. Your activities are not reported by exchanges right away, especially if you're a foreigner. Don't think that if you buy some Bitcoins on a Korean exchange they will send a message to your local tax office somewhere in Bulgaria or Greece.

Most important your privacy than financial, when your data have publish you lost all your assets because there are many people smart how to get access with your privacy document and your data ID from wallet and exchange account.

I agree with you, privacy is more important than financials. Just think, if you expose your privation to many people... your account could be hacked because you're attract hacker. Be sure to hidding anything about your privacy and don't expose anything