Should I consolidate Bitcoin UTXOs from different exchanges?

Consolidation can reduce future fees but links the inputs publicly in one transaction, potentially revealing that previously separate sources are controlled together.

The answer

Consolidation can reduce future fees but links the inputs publicly in one transaction, potentially revealing that previously separate sources are controlled together.

What to do next

Use coin-control features to inspect the origins of outputs. Keep separate groups when privacy matters more than marginal fee savings.

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Frequently asked questions

Does consolidating UTXOs make them more anonymous?

No. Combining different origins commonly reveals additional links.

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