this post was submitted on 08 Jun 2024
9 points (76.5% liked)

Monero

1675 readers
26 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
 

I read that in order to break the trace from the sender of my Monero to the recipient of my Monero, I need to make several transactions between my wallets, for example:

someone sent me 1 XMR --> my wallet 1 --> my wallet 2 --> recipient of my 1 XMR

(that i consider 1 additional transaction in aim to break the trace)

Can anyone explain so even layman understands chance/probability of breaking the trace when doing 0,1,2 such transactions between own wallets?

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 5 months ago

You got it right! It’s exactly that.

I personally put everything on the same account and use coin control to spend only specific outputs but that’s just because I don’t like changing accounts

You’ll have to know that one you spend an output on the second account, it will pretty much result in a change output that isn’t as much churned (still no link to the original withdrawal, but could be statistically linked to the transaction you just made with it). In the end it’s all about what you think are the capacities of your opponent, their motivation to get you, and the risk for you if that happens. Most of the time and with the current situation, no one is good (nor interested) at statistically tracing XMR, but that might happen in the future.