the provider of the custodial wallets sees and stores all your transactions, exactly like a bank. Furhermore, they know the address you funded your custodial wallet from - so they can also analyze what you did with your coins in the past. You have zero privacy when you use custodial wallets.
If you want fungibility and privacy, BTC is not what you want to use.
chucklangstrumpf / Chuck Langstrumpf
npub1yv…r00ky
2025-05-18 05:41:22
in reply to nevent1q…z79x
Author Public Key
npub1yv54qfj70fhwkxul7zuqyztvutmegqsdjychan3fp6hsdyvmgpjspr00kyPublished at
2025-05-18 05:41:22Event JSON
{
"id": "45642985f51d8173cdbb6d6492e3b25a3c2dd99219747058395d9ed647e05a7a",
"pubkey": "232950265e7a6eeb1b9ff0b802096ce2f794020d91317ece290eaf06919b4065",
"created_at": 1747546882,
"kind": 1,
"tags": [
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[
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[
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[
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[
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[
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"content": "the provider of the custodial wallets sees and stores all your transactions, exactly like a bank. Furhermore, they know the address you funded your custodial wallet from - so they can also analyze what you did with your coins in the past. You have zero privacy when you use custodial wallets.\n\nIf you want fungibility and privacy, BTC is not what you want to use.",
"sig": "a5bf8e8629bb9e63395c5db79ddd8adb6c2d616e575f77817c0c5e1aa225175743d23d9d2a9b09090f5525eae71009575b10e06ff679da0319cc209197117a74"
}