{"id":8849,"date":"2023-08-03T12:32:04","date_gmt":"2023-08-03T12:32:04","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=8849"},"modified":"2022-05-12T15:24:06","modified_gmt":"2022-05-12T15:24:06","slug":"what-is-coinjoin","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-coinjoin","title":{"rendered":"What is CoinJoin?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-coinjoin\/#how_to_use_a_coinjoin\" >How to use a CoinJoin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-coinjoin\/#pros_of_using_coinjoin\" >Pros of using CoinJoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-coinjoin\/#cons_of_using_coinjoin\" >Cons of using CoinJoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-coinjoin\/#is_coinjoin_100_anonymous\" >Is CoinJoin 100% anonymous?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>The crypto world moves so fast that many times some important concepts like what is CoinJoin get in the way. Therefore, from Bitnovo we decided to create an exclusive article to explain it.<\/p>\n<p>\u201cCoinjoin\u201d might be a good name for one of the games to win bitcoins, but the reality is that it refers to something completely different.<\/p>\n<p>Coin means currency.<br \/>\nJoin means to join.<\/p>\n<p>The result is CoinJoin, a method of joining different Bitcoin transactions from multiple people into a single transaction.<\/p>\n<p>For what? Once those transactions are unified, it is more difficult to determine where those funds are coming from. With Coinjoin, not even the receiver of the transaction will be able to determine the origin because they will not have the possibility to see or associate the entries and exits of the transactions.<\/p>\n<p>This is especially useful in currencies like Bitcoin, which while private is not 100% anonymous. If someone wanted, they could cross-link data from digital profiles and analyze movement data, to determine a certain identity associated with a transaction.<\/p>\n<p>Therefore, it is important to know what CoinJoin is and how it can be used.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"how_to_use_a_coinjoin\"><\/span><strong>How to use a CoinJoin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>To use CoinJoin it is essential that you have a wallet that has the ability to do so, and although there are many today we are going to talk about how to do it using Samourai Wallet.<\/div>\n<div><\/div>\n<div>Samourai is a wallet focused on mobile devices and one of the most chosen by Bitcoiners as it has many tools that improve privacy and is also incredibly easy to use.<\/div>\n<div><\/div>\n<div>Also unlike other wallets that require a minimum amount to make Coinjoin (limiting users with low balances) Samourai Wallet allows you to do it with only 0.005 BTC.<\/div>\n<p><strong>Steps to follow:<\/strong><\/p>\n<div><strong>\u2013 Start Samourai Wallet<\/strong><\/div>\n<div>You download the app on your smartphone and create a new wallet from the application. Remember to store your safety seed safely.<\/div>\n<div><\/div>\n<div><strong>\u2013 Select Whirlpool<\/strong><\/div>\n<div>Whirlpool is the version of the CoinJoin protocol from Samourai Wallet and to start using it we must click on the + button in the lower right corner and then select \u201cWhirlpool\u201d from the drop-down menu.<\/div>\n<div><\/div>\n<div><strong>\u2013 Whirlpool interface<\/strong><\/div>\n<div>Once the option is chosen, we will find ourselves in the Whirlpool interface where we will take the balance we need to make a Coinjoin transaction.<\/div>\n<div><\/div>\n<div>Now we click on the tornado icon and choose the option \u201cmix UTXOs\u201d. And then we select each UTXO to mix.<\/div>\n<div><\/div>\n<div><strong>\u2013 Priority<\/strong><\/div>\n<div>There are different types of priorities to perform the Coinjoin, with different fees to pay depending on the speed of the process. The faster the speed, the higher the fee and the shorter the mixing time.<\/div>\n<div><\/div>\n<div><strong>\u2013 Wait<\/strong><\/div>\n<div>\u00a0Now we can only wait for the mix to take place, which with average commissions can take an average of 1 to 2 hours.<\/div>\n<div><\/div>\n<div><strong>\u2013 Payment<\/strong><\/div>\n<div>Finally the CoinJoin has been made and now we can make much more secure payments. We just have to click on \u201cSpend Mixed UTXOs\u201d.<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1727921408\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/%C2%BFQue-es-coinjoin__2-1024x768.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-1024x768.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-768x576.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-1536x1151.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2.jpg 1601w\" alt=\"\u00bfQue es coinjoin? Bitnovo\" width=\"1020\" height=\"765\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-1024x768.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-768x576.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-1536x1151.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2.jpg 1601w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/09\/\u00bfQue-es-coinjoin__2-1024x768.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"pros_of_using_coinjoin\"><\/span><strong>Pros of using CoinJoin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u2013 Helps to improve crypto privacy.<br \/>\n\u2013 We do not need changes in the protocol to make a Coinjoin.<br \/>\n\u2013 It maintains the compatibility of Bitcoin with other clients without problems.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"cons_of_using_coinjoin\"><\/span><strong>Cons of using CoinJoin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u2013 Making a coinjoin can mix our transactions with others that come from illicit activities.<br \/>\n\u2013 The process is not that simple yet for a user new to the crypto world.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"is_coinjoin_100_anonymous\"><\/span><b>Is CoinJoin 100% anonymous?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is not appropriate to say that CoinJoin is 100% anonymous, since even carrying out this process, data analysis could be done to identify identities. What is true is that it greatly improves the privacy of Bitcoin and other cryptocurrencies. So unless you\u2019ve committed a very serious crime and have the FBI in your wake, you shouldn\u2019t worry too much.<\/p>\n<p>Now that you know what CoinJoin is, you can add a nice layer of privacy to your Bitcoin transactions. If you are a person who really values \u200b\u200bprivacy, you will surely find many more useful articles on our blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>The crypto world moves so fast that many times some important concepts like what is CoinJoin get in the way. Therefore, from Bitnovo we decided to create an exclusive article to explain it. \u201cCoinjoin\u201d might be a good name for one of the games to win bitcoins, but the reality is that it refers to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/8849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=8849"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/8849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/6378"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=8849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=8849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=8849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}