Post
Topic
Board Bitcoin Technical Support
Re: To coinjoin or not?
by
dkbit98
on 15/11/2022, 18:47:09 UTC
I'm trying to decide whether I should coinjoin my coins or not. All coins are from kyc exchange and have been in cold storage a while. I've heard arguments for coinjoining and also why not to. I plan on just holding them for a while. Opinions? Maybe I should just focus on accumulating non kyc coins?
You can do several things to remove connection of your identity from coins you own, and coinjoin is just one of them, but you could also consider JoinMarket, and remember to improve your address management.
Coinjoin will split your coins in smaller denominations so be ready for that, and some centralized services could refuse to accept your if they suspect you are trying to hide something.
I would also consider using alternative options like Lightning Network if you run your own node, ChipMixer is great way to mix your coins, and there is privacy oriented wallet Mercury that is using Layer 2 solution.