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Privacy practices for BTS trades

BitShares (BTS) moved to Graphene in 2015, the software Steem, Hive and Blurt grew from. It has a built-in exchange where anyone can issue tokens; BTS is its core coin, which nobody can freeze (an issuer can freeze only its own token). Named accounts instead of addresses, elected witnesses, 3-second blocks, a small fee in BTS per transfer. The chain is fully public and account-based: who paid whom, how much and when are visible to anyone, for good. BitShares has no opt-in privacy technology. The practices below cover what you can control.

Use a fresh address every trade

This chain is account-based — your account name is your address. Fresh-account-per-trade is not practical (each new account costs chain resources). Accept that this asset has the highest amount-correlation risk on Morphit. For high-value trades, consider using an alt-account dedicated to that trade.

Universal practices

**Use a fresh receive address for every trade.** Your wallet should support this; if it doesn't, look for one that does. Address reuse is the single biggest leak.

**Practice coin control when spending.** When sending coins later, avoid combining the trade output with coins from another source — that combines their address histories permanently.

**Broadcast through Tor or your wallet's privacy mode.** Your home IP address sees the transaction first; nodes near your IP can correlate it to you. A Tor-aware wallet broadcasts through Tor by default.

**Avoid sending trade coins to or from KYC exchanges.** Once trade coins touch a KYC exchange, the trade becomes legally identifiable by combining exchange records with chain data. If you need to bridge to fiat, route through a self-custodied intermediate step.

What to avoid

  • Do not paste your same receive address into multiple trades.
  • Do not send the exact amount listed on the order — Morphit's amount-randomizer toggle (the "🔐 Randomize amount" checkbox in the address-share modal) breaks this; leave it ON.
  • Do not combine the trade output with coins from a different source when you later spend it.
  • Do not broadcast from your home IP via a non-private wallet — use Tor.

⚠ Caveats specific to this asset

BTS is account-based and transparent. - **Your account name is your address.** You can't rotate it the way a Bitcoin wallet rotates addresses: every payment you receive lands on the same public account. A separate account just for trading keeps your trades apart, but funding it from your main account links the two. - **Memos are encrypted, transfers are not.** BitShares wallets encrypt a memo's text, but who paid whom, how much and when stay public. Morphit's memo is a short random code that says nothing about your order. - **Never share an exchange deposit account.** An exchange credits a deposit only by its own memo, and the trade's memo takes its place. - **Send BTS itself.** Other BitShares tokens are not BTS, and their issuers may be able to freeze them. - **Keep a little BTS for fees.** Each transfer pays a small fee in BTS. - **Check the coin.** The same account name can belong to someone else on Blurt, Hive or Steem. - **Network-layer privacy still matters.** The API node your wallet talks to sees your IP and every transaction you sign; Tor keeps your home IP off its view.

Morphit does NOT recommend specific wallet software. Even reputable wallets have been compromised or have had hidden flaws. The privacy techniques here are protocol standards, not endorsements — your wallet, your responsibility.