How to use Wasabi wallet to CoinJoin Bitcoin and how it works.
If you receive bitcoin it’s hard to know where it's come from, it could’ve come from illegal transactions, so if/when you try to exchange for fiat or buy something it could cause problems. You could be falsely accused of crimes you didn’t commit.
There’s a solution — Wasabi Wallet. Wasabi Wallet uses CoinJoin techniques to mix your Bitcoin with other people's Bitcoin to obfuscate the origin of the Bitcoins. This way, Governments, and companies like chain analysis can't pry eyes on your spending habits or arrest you for a crime you were not a part of.
- Download Wasabi Wallet from the website. https://wasabiwallet.io/download/
- Install and run the software.
- Generate a new mnemonic key set, write them down and store them in a safe place.
- Add funds to the wallet.
- Select CoinJoin
- Select the anonymity set.
Chainalysis has been secretly operating a bitcoin block explorer site, http://walletexplorer.com, and scraping certain visitors' IP addresses to find leads for law enforcement clients, leaked documents show. https://www.coindesk.com/business/2021/09/21/leaked-slides-show-how-chainalysis-flags-crypto-suspects-for-cops/
SCOOP: @chainalysis has been secretly operating a bitcoin block explorer site, https://t.co/gaEEpKlZUf, and scraping certain visitors' IP addresses to find leads for law enforcement clients, leaked documents show. @realDannyNelson reportshttps://t.co/tkPB6FolRT— CoinDesk (@CoinDesk) September 21, 2021