Post
Topic
Board Hardware wallets
Re: how to transfer Ledger BTC to a new ledger wallet (anonymously)
by
HCP
on 23/05/2021, 21:29:25 UTC
Perhaps I was not clear. The goal is to get the coins from point A to Point B without a trace. Do I have to spell it out any more clearly?? Lol.
The lack of definition of what Point A and Point B are, seems to be causing some issues...

If Point A and Point B are both owned by the same person, then restoring the seed on the Point B device is possible... however the coins will still be associated with the same addresses/public keys. All you are doing in this instance is "cloning" Ledger1 onto Ledger2.

If Point A and Point B are owned by different people, then restoring the seed on the Point B device is NOT recommended. You're effectively handing your entire wallet to the other party! Shocked


If the goal is to actually get coins from one particular wallet (owned by person 1) to another wallet (owned by person 2)... note that it doesn't matter if these are software wallets, hardware wallets etc... then you have no option but to create an on-chain transaction... which leaves a trace. It has to, because Bitcoin operates on a public ledger.

So, you will need to obfuscate the transaction in some manner. You choices for this are:

1. A bitcoin tumbler or mixer
2. Converting coins to a "privacy coin" and sending that (eg. Monero)
3. Using Coinjoin