How long should I wait before I send my Monero? (lemmy.world)

submitted 1 year ago by comcreator@lemmy.world to c/monero@monero.town

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If I recall, there is a bug in Monero were your XMR could be traced when you send monero within a short period of time. If I recall one should wait 2 hours or 10 blocks?

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[-] shortwavesurfer@monero.town 7 points 1 year ago

10 blocks is 20 minutes (2 minutes per block). You cant send monero before that anyway because of the 10 block lock time.

[-] Saki@monero.town 2 points 1 year ago

Good point! Come to think of it, though, this wait time could be inconvenient. With traditional money, you can buy something, then you can freely buy something else after a few minutes. Would having multiple Monero wallets be the only solution, in case one wants to go on a shopping spree using xmr?

[-] monerobull@monero.town 5 points 1 year ago

A nice fix for this is monerujos pocketchange feature. You shouldn't use it on your main wallet though since it can impact privacy a bit.

[-] Saki@monero.town 1 points 1 year ago

Thanks!

[-] opt9@feddit.ch 1 points 1 year ago

Just use a light wallet like cake for small stuff. Or after several partial transactions, you will have different amounts to spend from, sorta like having different size bills in your wallet.

[-] comcreator@lemmy.world 1 points 1 year ago

Is the 10 block lock time there to prevent double spend and leaking any of your transactions?

[-] shortwavesurfer@monero.town 4 points 1 year ago

Its there to prevent double spends and block reorgs that would break where ring inputs are. The biggest reorg in several years was a 3 block reorg which isnt to bad

[-] XmrLovingAncap@monero.town 2 points 1 year ago

I can confirm this finding. My log shows 1 reorg of depth 3 since August 2021. In total my log shows 326 reorgs since then with 325 of them being 2 blocks deep.