when you use Trezor which is an HD wallet you can have multiple addresses that you would keep separate.
lets consider this scenario as an example:
* address1 is for payments you receive for your online jobs
* address2 is for buying groceries
* address3 is for trading
* address4 is for buying VPN,...
(when addressN is used the change is send to addressN_1 then addressN_2,...).

now when you use Trezor with something like Electrum with or without Tor and even without spending any coins (just updating balance) the Electrum node can know and log that address1, address2, address3, address4,... that weren't linked together in any way before are linked. address3 is linked to your real IP (since you were using a centralized exchange) now all addresses 1 to m are linked to your identity without even being linked together.

but if you used your own node with or without Tor other nodes on the network have very little ways of knowing if addresses 1 to m are linked together. and even little ways of knowing if a transaction coming from a certain address belongs to you. because all they see is a full node "relaying" transactions that may or may not originate from that node.

you will never achieve "full anonymity" when using bitcoin because it is not designed that way. everything you do is increasing your privacy to the point that you can be almost certain that you are anonymous. if you want full anonymity then you must use physical cash with some additional steps!!

to hide your IP address. technically a third party can figure out which transactions belong to you when you create and broadcast a transaction even though there are methods to make it harder. so using TOR would hide your IP and makes it even more difficult to figure out who you are even if they could find which transaction came from you.
running your own full node compared to using another node through your Electrum client also removes the fact that you have to send all your addresses to that node and it can link them all together.


I am sorry. I still try to get my head around your explanation and please bear with me. If I don't use full node or EPS, my node will have to broadcast the transactions, so if i use my IP address (without VPN or TOR), my transactions will be leaked to ISP, right?

Lets assume, i use VPN / TOR and full node, the transactions will be broadcast using TOR address, but then how is it any different from not using full node and just use TOR and let a third party broadcast the transactions?. The third pary who broadcast the transactions won't be able to link my transactions to me because I am using VPN and TOR, and the IP address received on third party is coming from TOR.


keys must be generated offline on an air-gap computer and never online. if it is online then you have more things to worry about than your privacy.

P.S. I only mention parts which haven't mentioned by other member.


To avoid the possibility server log set of your addresses, which can be used to trace you. Your anonymity could gone completely even if one address is linked with your identity.

"!Went>P@r!$&be$tmem0ryev_r" is a good password, but a 12-word or 24-word random seed is more secure. As @pooya87 stated, a password must be weakened in order to be memorizable. Your idea may work for you, but it cannot be recommended for general use.

And how is it easy to remember? If it's some sort of substitution scheme, like replacing O with 0, then it's easy to crack, if it's truly random (which can only be generated by some rng and not human mind), then it's really hard to memorize and you will forget it unless your repeat it multiple times per day every single day.

Compared to that, mnemonic seeds have guaranteed sufficient entropy and they are easy to remember because our brains are good at remembering natural words in sequences.

then that's another problem. almost always, these two can not be achieved together.
people aren't known to be able to create strong passwords. to be able to remember their passwords they always end up with weak ones that could be guessed in most cases.
and if the password were strong (truly random) then it can't be memorized over long term. they still have to write it down so that they won't forget it (after like in a year), and if they are writing it down then why not use the method that is already tested and is considered safe meaning BIp-39?

these "words" are actually representing the "entropy" that is used to generate the individual private keys. so unless you can come up with a way to generate the same level of security entropy (at least 128-bits) using 3 words, it won't work.


You can do it using https://iancoleman.io/bip39/ and i understand you wont achieve 128 bits, this is where the passphrase with strong password is extremely important.

are you really suggesting that memorizing 3 words + something like

is easier than memorizing this:
i'm not convinced!