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Author Topic: Bitcoin Wallet Privacy  (Read 223 times)
Pamoldar
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December 25, 2018, 03:32:02 PM
 #1

I use Electrum wallet and normal internet connection.

When I need me hide then I use tor browser to browse but my question is how do I use my bitcoin wallet connection private. I would appreciate a tutorial or some step by step instructions.

Thanks in advance.

Regards,

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December 25, 2018, 03:57:17 PM
 #2

I use Electrum wallet and normal internet connection.

When I need me hide then I use tor browser to browse but my question is how do I use my bitcoin wallet connection private. I would appreciate a tutorial or some step by step instructions.

Thanks in advance.

Regards,

You can use Electrum Tor servers to further protect your privacy. By what I see in Electrum FAQ there is instruction how to do that considering whether you use Windows or Linux. I am not sure how updated is this tutorial, but that list of active Tor servers is not working for me.

http://docs.electrum.org/en/latest/tor.html

Also more info about Electrum privacy : https://bitcointalk.org/index.php?topic=3223475.0

Pamoldar
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December 25, 2018, 04:29:22 PM
 #3

I was looking for this answer. It's easier for me now to setup my Electrum wallet. I'm trying to find the mechanism of a transaction from the BitcoinTalk link you left me.

Thank you.

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December 26, 2018, 05:41:52 AM
 #4

Using Tor on Electrum not that useful if you've connected to full nodes with normal connection as there's chance they record every request from SPV wallet. I might be exaggerating in this case.

But if you seriously need privacy, you should consider other wallet such as Wasabi Wallet, Samourai Wallet or Bitcoin Core. All of them offer different kind of privacy though.

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December 26, 2018, 09:58:05 AM
 #5

Using Tor on Electrum not that useful if you've connected to full nodes with normal connection as there's chance they record every request from SPV wallet. I might be exaggerating in this case.
When is the possible time to record my IP? Once I broadcast a transaction? When I broadcast a transaction from my end then it receives by a full node? I always heard about full node but never ran any so have zero knowledge about the process. I would appreciate some knowledge.

Thanks.


Quote
But if you seriously need privacy, you should consider other wallet such as Wasabi Wallet, Samourai Wallet or Bitcoin Core. All of them offer different kind of privacy though.

I always used Electrum. I guess it's time for me to check some other wallet.

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December 26, 2018, 10:27:08 AM
Merited by suchmoon (4)
 #6

When is the possible time to record my IP?

The moment you connect to the node. After that your client requests transaction data regarding your addresses which are disclosed to the node operator. @ETFbitcoin pointed out that there is no point in using Electrum with Tor unless you generate a new wallet. I have described how you should transfer your coins in this post.

I always used Electrum. I guess it's time for me to check some other wallet.

Electrum is one of the best software wallets, especially if you don't want to bother with synchronizing your own node (Bitcoin Core). Samourai Wallet is great but it's available only for Android.

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December 26, 2018, 08:10:07 PM
Merited by HeRetiK (1)
 #7

Quote
But if you seriously need privacy, you should consider other wallet such as Wasabi Wallet, Samourai Wallet or Bitcoin Core. All of them offer different kind of privacy though.

I always used Electrum. I guess it's time for me to check some other wallet.

Knowing more wallet is great, but each wallet have it's own advantage and disadvantage.
TLDR, if you don't want take risks with unpopular wallet or uses lots of resources, generate new Electrum wallet which only used with Tor connection is best solution.

Wasabi Wallet :
+ Use Chaumian CoinJoin (basically use you and other's bitcoin/UTXO on a transaction to prevent tracking)
+ Forcing user to use Tor connection
- Generally new wallet and still unpopular

Samourai Wallet :
+ Use Stonewall (basically generate transaction which looks like using CoinJoin, while actually it's not)
+ Have option connect only to specific nodes (such as your own full nodes)
+ Support Tor connection
- Only available on android and still on alpha version (on-development)

Bitcoin Core
+ As full nodes, Bitcoin Core broadcast/share all transaction (including your transaction), so it's difficult to know the origin (the one who broadcast/share the transaction) of the transaction
+ Also support Tor connection
+ AFAIK it's most stable/secure and thoroughly tested
- You must sync Bitcoin Core which is resource intensive

When is the possible time to record my IP?
The moment you connect to the node. After that your client requests transaction data regarding your addresses which are disclosed to the node operator. @ETFbitcoin pointed out that there is no point in using Electrum with Tor unless you generate a new wallet. I have described how you should transfer your coins in this post.

Basically when you open your wallet

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December 29, 2018, 10:33:03 AM
 #8

Quote
But if you seriously need privacy, you should consider other wallet such as Wasabi Wallet, Samourai Wallet or Bitcoin Core. All of them offer different kind of privacy though.

I always used Electrum. I guess it's time for me to check some other wallet.

Knowing more wallet is great, but each wallet have it's own advantage and disadvantage.
TLDR, if you don't want take risks with unpopular wallet or uses lots of resources, generate new Electrum wallet which only used with Tor connection is best solution.

Wasabi Wallet :
+ Use Chaumian CoinJoin (basically use you and other's bitcoin/UTXO on a transaction to prevent tracking)
+ Forcing user to use Tor connection
- Generally new wallet and still unpopular

Samourai Wallet :
+ Use Stonewall (basically generate transaction which looks like using CoinJoin, while actually it's not)
+ Have option connect only to specific nodes (such as your own full nodes)
+ Support Tor connection
- Only available on android and still on alpha version (on-development)

Bitcoin Core
+ As full nodes, Bitcoin Core broadcast/share all transaction (including your transaction), so it's difficult to know the origin (the one who broadcast/share the transaction) of the transaction
+ Also support Tor connection
+ AFAIK it's most stable/secure and thoroughly tested
- You must sync Bitcoin Core which is resource intensive

When is the possible time to record my IP?
The moment you connect to the node. After that your client requests transaction data regarding your addresses which are disclosed to the node operator. @ETFbitcoin pointed out that there is no point in using Electrum with Tor unless you generate a new wallet. I have described how you should transfer your coins in this post.

Basically when you open your wallet
Quoting for future read.

Thanks mate for the contents.

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