Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

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Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
Don't promote proprietary software
Try to keep things on topic
If you have a question, please try searching for previous discussions, maybe it has already been answered
Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
Be nice :)

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How can I save my money in crypto privately and safe? (lemmy.world)

submitted 3 days ago by mlxdy@lemmy.world to c/privacy@lemmy.ml

20 comments fedilink hide all child comments

Hardware wallets like Trezor and Ledger are terrible choice for privacy as they're more like hot wallets. You need to download their shitty electron app to configure your wallet and even if these apps are open-source I can't consider them safe, because they have toooooo much features. At the same time they're missing basic features like connecting through TOR network to them which should be must have as they rely heavily on internet features like online exchanges which can easily reveal your data.

Do you have any idea how to access crypto easily while at the same keep it private and safe?

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[–] curious_dolphin@slrpnk.net 1 points 2 days ago (1 children)

And in case is stolen, you have a good amount of time to move your coins to another wallet.

In other words, restore the wallet to a different device using the master key, and then transfer the coins?

[–] corvus@lemmy.ml 1 points 2 days ago

Yeah, using your 12 or 24 words you saved elsewhere safely. First create a new wallet having a new set of 12/24 words and select an address to receive coins. Then restore the original wallet with your saved words and transfer you coins to the selected new address. Now your coins are safe in the new address and the new set of words are the ones you have to keep safe.