Is it safe if I get payments from clients in Litecoin and store it in Cake Wallet without moving it?
After I get to a certain amount I just exchange it to XMR and delete the LTC wallet
Rinse and repeat
Am I safe? LE is the main threat.
Always separate WALLETS (like separate seed phrases, public and secret keys) not just another LTC address.
1. Always use separate wallets
2. If your threat model is LE you NEED to use MoneroXMR for transactions
2. If your threat model is LE you NEED to use MoneroXMR for transactions
Litecoin is transparent, deleting the wallet doesn't erase the chain. If your client's LTC came from a KYC exchange, LE traces it straight to you.
Biggest holes: KYC swap platforms and leftover LTC change. Use non-KYC exchanges, sweep the full balance, and always receive XMR to a fresh wallet. Otherwise, this only stops casual eyes, not LE.
Biggest holes: KYC swap platforms and leftover LTC change. Use non-KYC exchanges, sweep the full balance, and always receive XMR to a fresh wallet. Otherwise, this only stops casual eyes, not LE.
sorry i am confused. how can LE trace it straight back to you if your client has used a KYC exchange.
If your cakewallet is behind Tor then it's safe. If not then LE might be able to discover the IP address(es) that the wallet updates the blockchain from.
Litecoin has native mimblewimble. Use a software that supports it like Litecoin Core.
Mimblewimble employs various cryptographic techniques such as Confidential Transactions (CTs), CoinJoin, Dandelion, and Cut-Through to bolster security and privacy by obscuring transaction data. The CT protocol, similar to those used by other privacy-centric cryptocurrencies like Monero, hides transaction values, while CoinJoin merges payments from multiple senders to obscure individual transaction trails. The Dandelion protocol protects the identities of both parties involved, and the Cut-Through feature minimizes blockchain bloat by consolidating transactions