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Author Topic: Is there an alternative way?  (Read 199 times)
so98nn
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October 15, 2023, 11:06:22 AM
 #21

You can generate an address offline and send funds there.

Or can have a paper wallet. just print it and keep it safe somewhere. You can keep sending Bitcoins to this address without even trying to open the wallet and check your balance repeatedly.

You can keep the private key safe, do not enter it anywhere (that is don't import it). It would be untouched, offline, and uncompromised unless and until you expose it to someone or import it to the wallet. This way you can have added security. All you have to take care of is the paper that you printed on. Try not to forget about its fading ink, print more copies if needed but don't store them in one place together.

I think there is no other way you can be safe. Plus, having limited storage methods makes it more uncomplicated and easy to use. The more the way the more user gets confused as well.
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October 15, 2023, 01:15:06 PM
 #22

I can understand your concerns regarding the traceability issue, especially given the fact that hodling is becoming a common tactic. Utilising "stealth addresses" is one approach to guarantee the privacy of your HODLING wallet. With this technique, you can create a fresh public address for each transaction you get. In this approach, it will be difficult to link the funds to a single wallet even if someone were to look at the blockchain and see that they are going to many addresses.

Now, about mixers: They perform an intermediary role. Users submit their Bitcoins to the mixer, which shuffles them around with other coins and delivers them back, creating a complicated network of transactions.

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October 15, 2023, 01:47:07 PM
 #23

I prefer to exchange my BTC for other coins, such as LTC, TRX, Doge, or XRP, in an exchange or another wallet. So far, I haven't experienced any problems. But indeed, we have to compare those online exchanges to find the one we want. Luckily, we already have BestChange, which can provide a list of those online exchanges to look at the names and compare them.

I'm not promoting BestChange, but I found a list of online exchanges from the BestChange website.

You can also use Coin Mixer and on this forum, there are several Coin Mixer companies so you have to choose the one you like. But I haven't tried Coin Mixer so I don't really understand it. Forgive me.

Or you can use a wallet that supports purchasing altcoins in the wallet. The scenario is that you can send the BTC to that wallet, exchange the BTC for altcoins or stablecoins, and then send the coins to another wallet or exchange.
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