I read that in order to break the trace from the sender of my Monero to the recipient of my Monero, I need to make several transactions between my wallets, for example:

someone sent me 1 XMR --> my wallet 1 --> my wallet 2 --> recipient of my 1 XMR

(that i consider 1 additional transaction in aim to break the trace)

Can anyone explain so even layman understands chance/probability of breaking the trace when doing 0,1,2 such transactions between own wallets?

  • jetAEnglish
    7·
    6 months ago

    Nothing is guaranteed, you can read the monero white paper Zero to Monero for the details. Depending on your threat model you have to assume it would get probabilistically traced in the future at some point.

    Basic operational security ideas:

    • Over randomized time intervals
    • Using different wallets
    • Using different amounts

    Enough iterations until your comfortable with the risk level. I.e. is it going to be too much work for whoever would care about this to trace it?

    Bonus points

    • Deposit in an exchange and withdraw later
    • Use atomic swaps multiple times, etc