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Unless of course you want to use your hard earned crypto to buy tangible things over the Internet.
by valicord 2y ago
Unless of course you want to use your hard earned crypto to buy tangible things over the Internet.
- CaptainOfCoit 2y agoWhy unless? Say you have 1 ETH in Wallet A, if you transfer it to your on/offramp (the exchange) and then do Wallet B, the only link between Wallet A and B is only known by the exchange, so you'll remain private (publicly, again assuming you don't want to hide from the exchange).
- throwawayffffas 2y agoYou can't trust the exchange to not inadvertently leak the information. A substantial leak could include personally identifying information along with account balances and or deposit and withdrawal totals.
- CaptainOfCoit 2y agoSomewhere along to lines, if you want USD, you need to trust someone, it's inescapable. So once you know this, you can act accordingly. But still, the original argument was that you have to worry about chain analysis because everything is public, but obviously that isn't true, no matter if an exchange may or maybe not inadvertently leak something.