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Topic: Blockchain question/btm (Read 437 times)
Evildrum
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Blockchain question/btm
April 05, 2016, 06:34:04 PM
#1
Hypothetical question here and its more dreaming than anything.
To use a bitcoin atm you need a wallet and they have daily limits based on the address.
Do I need to create multiple wallets or can I just create multiple addresses in that wallet to circumvent bitcoin limit for daily use?
I ask because I rather not step into the office when the day comes that I have a bit of bitcoin and be forced to sign a KYC form because I potentially have gone over 10K in a week. Its all speculative but I am curious if what I am thinking is true.
Recap:
To make multiple withdrawls from a bitcoin atm with a limit of 1btc per day,do I need to create multiple wallets or can I create multiple addresses to get around this limit?
This set up does not have the whole scan you hand and driver license all you need is a phone.
Any one?
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achow101
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Re: Blockchain question/btm
April 05, 2016, 07:06:18 PM
#2
Just 10 new addresses. It is not possible to know whether multiple addresses belong to the same wallet unless a transaction happens where those addresses are the inputs. If you use 10 new addresses, you should be fine.
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Evildrum
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Re: Blockchain question/btm
April 06, 2016, 02:59:15 AM
#3
Thanks. Guess I was confused that all the addresse where like arms off the main address.
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bitbaby
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Re: Blockchain question/btm
April 06, 2016, 03:17:01 AM
#4
Quote from: Evildrum on April 06, 2016, 02:59:15 AM
Thanks. Guess I was confused that all the addresse where like arms off the main address.
For a wallet like Electrum where all the addresses are generated from a Seed, they're like arms but there is no way to link those unless of-course they're used together in a transaction.
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Re: Blockchain question/btm
April 06, 2016, 04:44:27 AM
#5
in my opinion you can use 1 wallet decentralized like xapo, so ATM bitcoin can't trace your address and you can send 1btc 10times maybe 100times or 1000times.
im never use ATM bitcoin, it's just my opinion.
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