cross-posted from: https://lemmings.world/post/12787893
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SEPARATE MONERO ACCOUNTS - For privacy reason, organize own funds into accounts like “cash”, “work”, “trading”, “mining”, “donations”, etc.. And in order to later combine these individual accounts funds, sweep/withdraw each of the account balance the way, that you do NOT sweep/withdraw multiple accounts balances in a single transaction, but one transaction per account. Feather wallet may do this thanks to its "Coin control" functions? Source: https://getmonero.dev/public-address/subaddress.html ; https://docs.featherwallet.org/guides/features
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WAIT/AGE XMR AFTER RECEIVING IT - After receiving Monero (XMR) from a 3rd party, wait some time (a few hours to a few days)
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CHURN/MIX XMR BY SENDING IT TO OTHER OWN ACCOUNT - Churning/mixing means to send your Monero/XMR to a different account/wallet in order to make it harder for others to track you: "So after 1 churn, there is a 1 in 16 chance (6.25%) that this transaction is yours. After 2 churns, it is a 1 in 16x16 = 1/256 = 0.39% chance that the final output of the route is yours. After 3 churns, 1 in 16x16x16 = 1/4096 = 0.0244%".
A) Send your entire (or part of) your account's balance to a different account/wallet of yours, such secret destination account won't be used for receiving 3rd party XMR (only yours).
B) Send your entire account's balance to same account (its own address - self). In case you would send partial, you would mix churned outputs with non-churned making your anonymization effort more or less pointless.
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WAIT/AGE CHURNED/MIXED XMR AGAIN
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CHURN/MIX AGAIN BY SENDING TO SELF OR 3RD PARTY - In order to decrease chance (from above mentioned 6.25% to 0.39%) of output being attributed to you. When having various Monero accounts for various purposes (e.g. "work", "home"), possibly churn 2x before "merging" XMR from multiple accounts of yours, example: KYC'ed 3rd party -> MyWork -> MyWork2nd ......... 3rd party -> MyHome -> MyHome2nd -> MyHome3rd -> MyWork2nd
FAQ: Why it is not pointless to send Monero from/to self, meaning same account? Because sending to same account is effective in decreasing the chance of a transaction being traced (attributed to you), since "there is no way to see the address" and other person says "You can send to yourself as many times as you want, without anyone knowing you're actually doing it. Every such transaction (called "churn") puts you in a bigger crowd of possible senders." and another person claims similar "churn to your own wallet, as it is not possible to link the output to the wallet".