Anonymity How anonymous Bitcoin is. Or how to withdraw funds away from otherworldly eyes.

[al capone]

Hello script kiddie brother, in this article you will learn:

• How anonymous is Bitcoin?
• Which cryptocurrencies are more anonymous.
• How suspicious transactions are tracked.
• And yet, how to be more anonymous using this particular cryptocurrency.

Sit back, the mask show begins!

Myth number 1. Bitcoin anonymity.

Let's remember why people consider the cue ball to be an anonymous crypt.
Unlike simple banking / electronic transactions, cryptocurrency transfers do not need a decent amount of information about you, for example, such as: name, phone number, passport data, etc.
Also, cryptocurrency payments are not tied to a specific person.

Transfers in the system are checked by randomly selected communication nodes linked by IP addresses. For communication nodes, it remains unknown which of the communication nodes created the transaction, and which one only redirected it.

Yes, bitcoin doesn't really collect a ton of personal information about you, but how can that really make you anonymous? Not.
The cue ball at least does not hide the data about your transactions. Where the cherished coins came from and to whom, the date in your time zone, all this is in the public domain. Anonymity?

Which cryptocurrencies are more anonymous?

Despite the mainstream of the cue ball lately, people who are rummaging around are using other cryptocurrencies. Which ones? - Let me tell you briefly.

• Monero. An anonymous cryptocurrency, in which information is added to the blockchain registry in a distorted form, which significantly complicates tracking users.
• Dash. Anonymity in the system is achieved by mixing user coins. An anonymous transaction does not go directly to the user, at first it is sent to the masternode, where transactions are “split” into small parts and mixed together in several stages, after which they are formed into new transactions and sent to recipients. Thus, the connection between the sender and the recipient is severed.
• Zcash. User confidentiality in the system is achieved through the use of the zero knowledge protocol. It works according to the principle: in order to verify a transaction, it is enough to confirm the fact of its existence, but you do not need to know the addresses of the recipient and the sender.

Of all the above, I personally would recommend using Dash.

How suspicious transactions are tracked and the identity of the owner of a Bitcoin wallet is established.

Most people who use cryptocurrency to establish their identity, each has its own reasons.

Stop thinking that cryptocurrency is used only to buy bumps on the three-headed, or to buy weapons, hacker services, and so on. In fact, so much money is laundered with cryptocurrency, obtained in a not entirely honest way that the head is simply bursting with the number of zeros on someone else's account. Alternatively, I had friends who avoided taxes using a crypt. How? Let it remain the new secret of this channel ..

How a person will be linked to a bitcoin wallet.

Let's say someone made a purchase in an online store and paid with Bitcoin. On the seller's website, it was required to indicate the full name and delivery address. From that moment on, the buyer's address cannot be called anonymous, since there was a link to personal data and theoretically, on the basis of this data, the involvement of the address owner in all previous and subsequent transactions can already be proven.

How to stay in the shadows?

• Hiding the IP address. There is a possibility that the IP address with which the transaction is associated can be traced, therefore, when conducting transactions with cryptocurrencies, it is recommended to use TOR and other services to hide the address.
• A new address for each transaction. Using different addresses for incoming and outgoing transactions significantly complicates identification and makes it impossible to count the exact number of coins on the user's wallets. Most wallets generate this new address automatically for every transaction.
• Large transactions. It is recommended to avoid large transactions, because they are the first to attract the attention of regulatory authorities and attackers. If you need to make a large payment, it is recommended to divide the transfer amount into several separate, not too significant transactions and send from different addresses.
• Bitcoin mixers. There are special services that allow you to shuffle coins and complicate their tracking. With their help, the user can send a certain number of coins, which will be mixed with the coins of other users and, as a result, new coins will be credited to the account that are not related to previous transactions.

The most effective link is: Using TOR + New address + Bitcoin mixers + Exchangers (but here it is optional).

Mixers. What is it and with what it is eaten.

To understand what Bitcoin Mixer is, I'll just tell you how it works:
The site accepts cryptocurrency from many people, then uses algorithms to mix and send bitcoins to different wallets. Since transactions are mixed, mixed, such a service has such a name - a cryptocurrency mixer.
Once the mixing is complete, the coins will be sent back minus the service fee. This fee usually depends on several factors, including the number of mixes as well as the number of coins sent.
If the toggle switch succeeds, then the coins cannot be associated with you.
You can read more here: Bitcoin mixer: the best way to keep cryptocurrency anonymous

Conclusion

As it turned out, bitcoin is not an anonymous crypt, although there have been many controversies about this.
I hope this article was helpful to you, that's all, good luck and stay anonymous.

 

[Gemeni]

Very informative, thank you.