How to buy Bitcoin anonymously: https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin Get access to all of my trading courses: https://www.trader.university/join Be sure to use the secret discount code YT99 In this video, I discuss Bitcoin UTXOs (unspent transaction outputs), and their implications for the privacy of those who use Bitcoin. Unlike traditional bank accounts, there are no accounts or balances with Bitcoin. There are simply UTXOs that are moved/spent using your private keys. When your hardware wallet shows you a "balance," it is simply summing up all of the UTXOs that you have moved to that wallet. A UTXO is simply a chunk of Bitcoin. It can be for any amount less than 21 million. When you spend a UTXO, the original UTXO is destroyed and your recipient is given a fresh new UTXO, while the "change" is sent back to you as a new UTXO as well. If you are unaware of how UTXOs work, you may be leaking personal information whenever you transact in Bitcoin. The solutions to this privacy problem include non-KYC Bitcoin, always using a fresh address to receive Bitcoin, CoinJoins, and post-mix privacy tools. Not investment advice! Consult a financial advisor. Banks confiscate money in Cyprus: https://www.bbc.com/news/world-europe-21814325 Check out my online trading courses: https://www.trader.university/join Use this secret coupon code to get a discount: YT99 Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market": https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5 I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #UTXO #Privacy Disclaimer Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.