I’m not the most technical, but if you are using custodial services they of course know your balance and the transactions youre making. But it’s more private than on chain for forward /backwards looking privacy.
I’m sure some of these nerds could explain it way better than I. But I wouldn’t have one large UTXO. I’d rather have many small ones, that way when you are transacting you can pick chunks closer to the amount of your purchase.
PurplePainter / Purple Painter
npub1tx…lhd8g
2026-06-02 16:15:28 UTC
in reply to nevent1q…n24u
Author Public Key
npub1tx5ccpregnm9afq0xaj42hh93xl4qd3lfa7u74v5cdvyhwcnlanqplhd8gPublished at
2026-06-02 16:15:28 UTCEvent JSON
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"content": "I’m not the most technical, but if you are using custodial services they of course know your balance and the transactions youre making. But it’s more private than on chain for forward /backwards looking privacy. \n\nI’m sure some of these nerds could explain it way better than I. But I wouldn’t have one large UTXO. I’d rather have many small ones, that way when you are transacting you can pick chunks closer to the amount of your purchase.",
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