Simple task, crucial for maintaining privacy:
Certain transactions from one of our addresses to another of our addresses might reveal address connections, possible to track via Blockchain analysis for everyone. As we know, Bitcoin's Blockchain is a public ledger.
Sending a transaction from one of our addresses to another will cause a connection, not limited if it’s our own address or an address from someone else.
It’s inevitable.
Check twice, if your address, where you are planning to send BTC to, was used previously and if you can afford to have an additional connection to certain addresses.
Such connections might affect your privacy negatively for following cases but not limited to:
Used addresses for previous business
Your address where you are planning to send coins to has been used for previous business, where your business partner can track all additional transactions. Always check twice, if your address has been used for previous business and for what business exactly. To keep your privacy, never use and mix addresses from previous business
Address has been public
Your address where you are planning to send coins to has been posted publicly on an internet site. If your address where you are planning to send coins to has been posted publicly on an internet site, you need to consider your privacy to be somehow compromised and affected negatively, as more conclusions about your transactions can be drawn publicly, for example tied to a social media account or your Bitcointalk account.
Don’t mix KYCed and private coins
You are going to mix KYCed coins, possible compromising your privacy. Every time, your private coins and your KYCed coins are mixed, more can be found out what you have done before for your private coins as such coins are now also tief to your real information. Always be careful when mixing your private and your KYCed coins.
For every additional transaction on one address, more conclusions about you, as owner, can be drawn. Always consider to have a new address instead of address re-use.
Keep in mind: Bitcoin transactions are not reversible. Never. Once you've done a transaction and it’s included in a block, transactions are not reversible anymore.
Afterwards, you might regret doing a transaction because you might notice it's compromising your privacy.
Check twice before sending a transaction if it’s going to impact your privacy negatively!
If in doubt, better take measure to prevent unwanted linking of your addresses and coins to maintain your privacy!
PrivacyOui