I'm trying to transfer monero between my newly created 6 GUI accounts (with corresponding wallets) to eliminate/reduce the traceability of my coins. I understand this process to be called "churning" and as a Monero AND crypto newbie I have a few questions related to this anonimity-related activity.
- I have set up separate Accts and corresponding Wallets as follows:
Acct 1- Wallet A
Acct 2- Wallet B
Acct 3- Wallet C
Acct 4- Wallet D
Acct 5- Wallet E
Acct 6- Wallet F
I used the "Create New Wallet" feature within the GUI to create each acct, and each account and wallet has:
- Separate .keys accounts
- Separate passwords
- Separate Seeds
a) Accounts & Wallets:
Do I need 6 different accounts to have 6 different wallets? (did I go overboard?) Or can I have 1 Account with 6 different wallets contained within, transfer the money between these 6 wallets in this 1 Account, and still have the same level of anonymity that I would have if everything was separate?
b) Amount of Transactions:
Say I have $5,000 worth of XMR. Do I need to split that up in my transactions to increase anonymity? (i.e. $5,000 in wallet A is then split up, with $3,000 sent in the first transaction to Wallet B, and $2,000 in the second transaction to Wallet C?) Or are Monero transaction amounts completely untraceable, such that I can send $5,000 from Wallet A to Wallet B, and then send that same $5,000 from Wallet B to Wallet C and create the same level of anonymity, as if I had sent different amounts in my transactions?
Thank you all..I hope my questions were clear. I appreciate your help!
P.S - I'm new, so please forgive my references if not appropriate.