NorthOfTheWall on Nostr: Robosats is great for privacy because it enables peer-to-peer Bitcoin trades without ...
Robosats is great for privacy because it enables peer-to-peer Bitcoin trades without directly linking your identity to the transaction.
However, if you’re using a bank account tied to your real name, privacy is still partially compromised because the bank or counterparty can see your details.
Here’s how you can achieve better privacy with Robosats:
1. Self-host Robosats: For maximum privacy, consider hosting Robosats yourself on StartOS by Start9 (npub126n…e9ll)
2. Use privacy-focused payment methods: Opt for payment methods that don’t expose your identity, like prepaid gift cards, cash, or other pseudonymous options. Avoid traditional bank transfers if privacy is a priority.
3. Use Tor: Robosats works over Tor, which hides your IP address and prevents your activity from being traced back to you.
4. Create a new Robosats identity for each trade: Use the in-app feature to generate a new pseudonym every time you trade, keeping your activity unlinked.
5. Withdraw to a fresh Bitcoin address: After you receive Bitcoin, send it to a new address in your own wallet to avoid linking it to previous transactions.
In short, Robosats offers a solid foundation for private Bitcoin trading, but your privacy also depends on the payment methods you choose, how you withdraw and store your Bitcoin, and whether you self-host for additional control.
However, if you’re using a bank account tied to your real name, privacy is still partially compromised because the bank or counterparty can see your details.
Here’s how you can achieve better privacy with Robosats:
1. Self-host Robosats: For maximum privacy, consider hosting Robosats yourself on StartOS by Start9 (npub126n…e9ll)
2. Use privacy-focused payment methods: Opt for payment methods that don’t expose your identity, like prepaid gift cards, cash, or other pseudonymous options. Avoid traditional bank transfers if privacy is a priority.
3. Use Tor: Robosats works over Tor, which hides your IP address and prevents your activity from being traced back to you.
4. Create a new Robosats identity for each trade: Use the in-app feature to generate a new pseudonym every time you trade, keeping your activity unlinked.
5. Withdraw to a fresh Bitcoin address: After you receive Bitcoin, send it to a new address in your own wallet to avoid linking it to previous transactions.
In short, Robosats offers a solid foundation for private Bitcoin trading, but your privacy also depends on the payment methods you choose, how you withdraw and store your Bitcoin, and whether you self-host for additional control.