3
submitted 5 months ago* (last edited 5 months ago) by hetzlemmingsworld@lemmings.world to c/monero@monero.town

When I am continuously receiving small Monero payments, should I withdraw my Monero account balance (always to the same secondary XMR account of mine) more often or less often in order to ensure lower traceability of the funds?

I have read that withdrawing "account balance more often can lead to lower traceability of the funds". Is it significant? azalty@jlai.lu mentioned that "after 1 churn, there is a 1 in 16 chance (6.25%) that this transaction is yours. After 2 churns, it’s a 1 in 16x16 = 1/256 = 0.39% chance that the final output of the route is yours" But I think that what he wrote applies on a subsequent churns of "same funds" (mywalet1->mywallet2->mywallet3 = 2 churns). But when i withdraw just once per year my received balance or twice per year, does it mayke any difference (how big) in terms of anonymity/traceability?

you are viewing a single comment's thread
view the rest of the comments
[-] hetzlemmingsworld@lemmings.world 2 points 5 months ago* (last edited 5 months ago)

Ok, so spending received XMR within 15 blocks (block time seems to be 2 minutes, so half a hour) is too early and spending every 6 months incoming payments in one single tx to my secondary wallet i suppose is too long time.. hmm, that is all quite complicated, I can't asses/compare these times (30 minutes vs 1 month vs 6 months) significance of the impact on anonymity. But thank you.

[-] azalty@jlai.lu 2 points 5 months ago

It’s just that the decoy selection algorithm picks decoys in a specific way. Its patterns can be exploited, but don’t stress about it. Churning will make up for it, it’s not that big of a deal. Just avoid spending outputs exactly after 10 blocks as it’s waaaaay more common for real spends than decoys (we can see that the Monero blockchain has way more spends on <20 blocks old outputs than the decoy algorithm proposes), especially when churning. Wait at least a few hours to a few days between churns

this post was submitted on 18 Jun 2024
3 points (66.7% liked)

Monero

1690 readers
4 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS