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this post was submitted on 08 Jun 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
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It really depends on your threat level for the vast majority of people. It's perfectly fine just to do one transaction. You receive Monero and then you send Monero to the person you wish to send it to with no problems.
Thanks, I would like to be able to understand how big improvement would be to send the same or similar amount to secondary wallet of mine when comparing to direct sending mentioned by you. I think that i want above average protection, but i am unable to estimate impact (on TX traceability) of 1,2 more transactions of similar amount between my wallets and i am not enough technical to read and understand tens of technical pages of the Monero whitepaper.
So currently, each time you make a transaction, you are one of 16 possible outputs. So when you make the first transaction, you have 16 outputs that could possibly be yours. And then at a second transaction, you have 32 outputs that could possibly be yours.
isn't it 16^2 ?
Hey, don't judge me. I made a "C" in math class for a reason.