How to make Bitcoin transacrions anonymous?

skyline247

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Quote from: aTriz on August 04, 2017, 07:55:43 PM

There is no way to make a transaction anonymous since we are using blockchain technology which is basically a form of money in which everyone is connected through the blockchain. A simple search with a transaction ID can find out what address paid to what address and when it was made. But bitcoin is pseudo-anonymous since you need someone's transaction ID to find out what they are doing.

Use a mixing service such as chipmixer or bitblender to hide your funds and addresses. Also, who knows the Bitcoin address is yours anyway?

+1 no such thing as a truly anonymous Bitcoin transaction. All of them are tracked on the blockchain and can be traced back to you if someone or an agency really wanted to.

There are new technologies, however, such as DeepONION coin which seek to allow true anonymity by processing transactions through the TOR network and other means.

aTriz

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There is no way to make a transaction anonymous since we are using blockchain technology which is basically a form of money in which everyone is connected through the blockchain. A simple search with a transaction ID can find out what address paid to what address and when it was made. But bitcoin is pseudo-anonymous since you need someone's transaction ID to find out what they are doing.

Use a mixing service such as chipmixer or bitblender to hide your funds and addresses. Also, who knows the Bitcoin address is yours anyway?

erickkyut

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As far as I know, all of your transactions are anonymous because it does not reveal your identitu except if you are showing to the world your information such as your real name and bitcoin address. In blockchain, you can only see the transaction ID and your Bitcoin address. No one knows it belongs to you as long as you do not reveal to others that it is yours.

HEWRA

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Actually, everyone can see your transactions because it is the main rule of blockchain, that every single person connected to the web can check if the transaction was really done or not.

jorneyflair

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Quote from: Beerwizzard on August 02, 2017, 09:59:54 AM

As we all know the blockchain is a public network and sometimes it is ued for buying drugs, weapons etc. For eample if I am going to sell bitcoin to someone I don't know what is the best way to stay anonymous after such transactions? So in case my buyer will use those bitcoins for buying drugs I would be able to stay away from it.

Bitcoin isn't fully anonymous, it is a form of it called pseudo anonymous. Every transaction that is made is recorded in the blockchain, and with a block explorer tool such as https://blockchain.info/, you can easily see what transactions are being made. Right now there aren't many transactions being made due to we are still recovering from the fork and everyone is scared to make transactions.

If someone has your address though, they can see how many funds you have, but who knows if that address is yours? You can use a mixin service like chipmixer and you will be more secure and anonymous.

JL421

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The network is already anonymous if you feel someone has your address and knows how much funds you have but you want to hide it from them make a new bitcoin wallet go to any mixing site like chipmixer send the coins from your old wallet to the site and they will mix uo the coins and send to your new wallet with this no one can trace where the funds weny

Beerwizzard

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Quote from: agustina2 on August 03, 2017, 01:08:06 PM

First of all no one knows that you owned the address.

Sometimes you have to post your adress somewhere or maybe use it for buying something so thru something ele this adress might be connected with it's owner. So as i get it the best way to be safe is to keep BTC for trade sseparately from the ones for personal usage.

Barcode_

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If you truly want all your bitcoin transactions to be more anonymous and harder to be trace by anyone, you can consider using bitcoin mixing service, there are a couple of bitcoin mixer sites that provides this service now, just do a quick search on this forum and you can find out more information about the sites easily.

jak3

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to be honest you can't as because Bitcoin technology only provides you a semi-anonymous feature so you can try to hide but anyone can find you if they try a little hard. some of the precautions you can take for this is to use a new bitcoin address for each new transaction and use the proxy(i don't think proxy actually needed).if you can then try to request receiver for a new address too instead of old.

Ayiranorea

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With bitcoin transactions the end to end users were anonymous, but during the time of converting it to fiat users can be found as some trading access requires valid verification. Secondly several users exchange bitcoin for gift cards and then use those gift Cards for shopping needs. In this way too people make it completely an anonymous way of transacting.

AGD

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Quote from: Naster on August 03, 2017, 11:41:35 AM

Quote from: AGD on August 03, 2017, 11:06:27 AM

What is a transacrion? Huh

That's very obvious, Idk why you posted just to ask that question zzz Undecided

It's really silly for you to do it really, instead of contributing.. Anyone would've figured it out Shocked

He meant transaction

And now you find your own posting super smart. Btw it's "silly OF you" not "silly FOR you", smartass

agustina2

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Quote from: Beerwizzard on August 02, 2017, 09:59:54 AM

As we all know the blockchain is a public network and sometimes it is ued for buying drugs, weapons etc. For eample if I am going to sell bitcoin to someone I don't know what is the best way to stay anonymous after such transactions? So in case my buyer will use those bitcoins for buying drugs I would be able to stay away from it.

First of all no one knows that you owned the address. If it will just be traced if you used an exchange, verified yourself and so on.

In here you are worried that if you sell your bitcoin to Person A then that person used this coins to purchase drugs you will be involved now to the illegal activities. It's out of the context now so don't worry. Although it has low chance you will be interrogate, and let's say you are verified in an exchange you used to send the coins, you can give your side.

It's difficult for authorities to traced if the coins where being used to purchase drugs since exchanges have thing called "inputs" and some of them have different public addressed recorded on the network where you send the coins.

P.S Dont advice OP about mixers. He is asking about the scenarios, as if he will know that his buyers will used that coin to purchase drugs or I doubt OP will use mixers everytime he will sold some coins. That will take more fees.

oblivi

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Quote from: Beerwizzard on August 02, 2017, 09:59:54 AM

As we all know the blockchain is a public network and sometimes it is ued for buying drugs, weapons etc. For eample if I am going to sell bitcoin to someone I don't know what is the best way to stay anonymous after such transactions? So in case my buyer will use those bitcoins for buying drugs I would be able to stay away from it.

There's no way to make bitcoin transactions anonymous by the strict definition of the word anonymous.What you can have, at least thus far, is certain levels of obfuscation via mixers.

I don't trust mixers tho, you never know what coins you are receiving. It is a huge problem with bitcoin using mixers, because the coins are visible, so they can be tainted.

With Confidential Transactions, Coinjoin, Mimblewimble and other tech, we will have better levels of privacy in the future, or something like that.

makulo123

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As far as I am concerned, Bitcoin blender/mixer can solve these kind of issues. They are used to "blend"/"mix" the same type of coins from different addresses in order to make one more anonimous address full of coins from different sources.

Patatas

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Quote from: Beerwizzard on August 02, 2017, 09:59:54 AM

As we all know the blockchain is a public network and sometimes it is ued for buying drugs, weapons etc. For eample if I am going to sell bitcoin to someone I don't know what is the best way to stay anonymous after such transactions? So in case my buyer will use those bitcoins for buying drugs I would be able to stay away from it.

If I understood your question correctly,you want to know how can you buy drugs with bitcoins and still be anonymous ?
Answer is : You can't.
This isn't something to do with bitcoin transactions but you exposing yourself to the shipping services and drug dealers in real life.
If the bitcoins had been on the internet without availing real life services,you could still be anonymous.If you as an individual are anonymous on the internet starting from the exchange you bought your coins from,it will be hard to link any addresses to you in real life.

~Bitcoin~

legendary

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If you don't post your bitcoin address anywhere nobody gonna find out that address and bitcoin belongs to you. And also use HD wallet rather than normal single address when sending out bitcoin to your buyer this will make investigation quite difficult.

Best solution is to use bitcoin mixing services when receiving and sending out bitcoin from your personal bitcoin wallet. Don't use xapo or coinbase like shit wallets, they will share your wallet and transaction detail with governments.

Wong Gendheng

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Transaction bitcoin is automatically anonymous so we do not need to make certain settings, and I think this is a good way to make transactions.

Naster

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Quote from: AGD on August 03, 2017, 11:06:27 AM

What is a transacrion? Huh

That's very obvious, Idk why you posted just to ask that question zzz Undecided

It's really silly for you to do it really, instead of contributing.. Anyone would've figured it out Shocked

He meant transaction

AGD

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What is a transacrion? Huh

HasHe

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Quote from: Beerwizzard on August 02, 2017, 09:59:54 AM

As we all know the blockchain is a public network and sometimes it is ued for buying drugs, weapons etc. For eample if I am going to sell bitcoin to someone I don't know what is the best way to stay anonymous after such transactions? So in case my buyer will use those bitcoins for buying drugs I would be able to stay away from it.

Bitcoin is pseudo anonymous.So in order to make our transactions anonymous so that no one could trace our transactions,we have to use coin mixer services provided by some companies so that we would remain safe.

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