Post
Topic
Board Beginners & Help
Re: Is important to carry out all bitcoin transactions through your own wallets
by
Zaguru12
on 11/06/2025, 16:04:30 UTC
It's safer, I agree.
No lose coins, I disagree.

If your intention to receive the coins first in non custodial wallet then send it to centralized exchange and think they won't freeze your coins, you're incorrect. Many centralized exchange not allow "concealing", they track your coins not only looking by the latest address.


In serious occasions like when the government is actually tracking down some stolen or illegal coins it does investigate even the wallet it is coming from. For example the hack of bybit had many addresses blacklisted so even if you send from such addresses to mixer and to another wallet, then again to exchange it will be track from all the addresses it had passed through, so this doesn’t work on rare occasions.

I disagree with this thread. While it has its benefits, and if you can learn to do things safely you should. But for a lot of people this is the reason that they lose crypto or get hacked. There is a good number of people who are better off keeping their coins on exchanges or even just buying those ETFs.

Personally I think people just are used to the easiest way of doing things and that’s why they simply stick with handing over their funds to a third party like exchanges and frankly it is not a good practice no matter what to have funds on exchanges.

What OP was actually pointing at though is steps to avoid having you crypto that is sent to CEX tagged tainted