Is bitcoin anonymous? - page 4. | Bitcointalksearch.org

AakZaki

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Quote from: kaya11 on July 27, 2021, 01:44:07 AM

Tracking through exchanges address is likely to happen if and only the exchange gives your credentials to the ones who are tracing you, or they themselves wants to track you. Since most legit and big exchange out there requires you to KYC for big amounts of withdrawal, and that will most likely to happen. So either use decentralized exchange or peer to peer.

regarding I.P. addresses, if you are aware if VPN then it will be no problem, creating new bitcoin wallet address and use it once. In our country there are 3rd party apps that lets you exchange your bitcoin with out you submitting KYC protocols, as long as it is in the minimum withdrawals of a thousand dollars.

Is it completely secret? Because if you withdraw and put it in the bank then it's really not a secret anymore. Or maybe it's like Switzerland with banks that are completely unidentified and disobedient to the world's regulations?

That's right, I think some exchanges will still comply with the regulations regarding KYC so if he is asked by the investigators I think he is obliged to notify. If not, then I think the exchange will be in big trouble. So maybe the confidentiality is maintained, but if there are indications of a crime, the investigators will look for it. With KYC it will be traced more easily. So there is cooperation between the two parties.

CryptoStar19

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Quote from: tiCeR on July 28, 2021, 07:35:34 AM

Quote from: Ucy on July 28, 2021, 05:14:19 AM

Is United States anonymous? Or can people be anonymous in United States?
Ofcourse we all know the name of the Country is United States, so the name isn't hidden. Besides anonymity is typically used for human not a Nation. Same as Bitcoin(the Network and currency)... the name is Bitcoin, but Users can be Anonymous like Satoshi said.

Well you went pretty deep into the semantics of OP's wording, but I guess he didn't even think as far as you now took it. Honestly speaking staying as anonymous as Satoshi managed to do is almost impossible for the average user. Or let me reiterate - it is impossible for the average user. Satoshi put enormous effort into leaving no trails and a normal guy with average knowledge about OPsec and what not wouldn't be able to leave no trails, especially not if he or she is a frequent Bitcoin user.

Agreed. Blockchain analytics software and it's ability to cluster transactions and figure out new ways to link transactions and wallets to identities is also improving drastically whereas this field didn't even exist a few years back.

That being said, it is still possible to stay anonymous but takes increasingly more effort.

tiCeR

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Quote from: Ucy on July 28, 2021, 05:14:19 AM

Is United States anonymous? Or can people be anonymous in United States?
Ofcourse we all know the name of the Country is United States, so the name isn't hidden. Besides anonymity is typically used for human not a Nation. Same as Bitcoin(the Network and currency)... the name is Bitcoin, but Users can be Anonymous like Satoshi said.

Well you went pretty deep into the semantics of OP's wording, but I guess he didn't even think as far as you now took it. Honestly speaking staying as anonymous as Satoshi managed to do is almost impossible for the average user. Or let me reiterate - it is impossible for the average user. Satoshi put enormous effort into leaving no trails and a normal guy with average knowledge about OPsec and what not wouldn't be able to leave no trails, especially not if he or she is a frequent Bitcoin user.

Ucy

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Is United States anonymous? Or can people be anonymous in United States?
Ofcourse we all know the name of the Country is United States, so the name isn't hidden. Besides anonymity is typically used for human not a Nation. Same as Bitcoin(the Network and currency)... the name is Bitcoin, but Users can be Anonymous like Satoshi said.

tiCeR

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Quote from: Argoo on July 27, 2021, 02:20:23 AM

Quote from: Blowon on July 05, 2021, 07:05:01 AM

I don't think bitcoin is a privacy coin, it suggests that bitcoin should be more transparent than anonymos, with the blockchain everyone can see the details of transactions, even some markets have their own name tags, what do you think about their anonymity?

It is generally accepted that bitcoin is only relatively anonymous, since under certain circumstances and with the capabilities of law enforcement agencies, the identity of the bitcoin holder can be traced. This has been proven more than once in practice. Those who need complete anonymity usually use coins such as Monero, ZCash, Dash and others. Therefore, for illegal purposes, bitcoin is used only in a few percent of cases, up to one dozen.

Relatively anonymous aka "pseudonymous". There is quite sophisticated technology on the market already that is fully dedicated to identifying people behind Bitcoin addresses. Chainalysis is closely cooperating with government agencies and I think they even sold shares in their company to government agencies. I am not quite sure but I think I read that a while ago. Chainalysis is one of the market leaders in putting one and one together in order to identify people behind transactions.

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Quote from: Blowon on July 05, 2021, 07:05:01 AM

I don't think bitcoin is a privacy coin, it suggests that bitcoin should be more transparent than anonymos, with the blockchain everyone can see the details of transactions, even some markets have their own name tags, what do you think about their anonymity?

It is generally accepted that bitcoin is only relatively anonymous, since under certain circumstances and with the capabilities of law enforcement agencies, the identity of the bitcoin holder can be traced. This has been proven more than once in practice. Those who need complete anonymity usually use coins such as Monero, ZCash, Dash and others. Therefore, for illegal purposes, bitcoin is used only in a few percent of cases, up to one dozen.

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Quote from: Crptomagma on November 27, 2020, 02:08:18 PM

Is Bitcoin entirely anonymous? It’s common for people to say that in reality bitcoin is absolutely anonymous but are not knowledgeable enough to know that is pseudonymous . Bitcoin being pseudonymous rather than the assumed anonymous gives us an understanding that each user has a established public address. So that further tells us theoretically bitcoin address can be traced back using an IP address or an exchange account.
We should be more concerned about to what level or extent is bitcoin anonymous ?

Tracking through exchanges address is likely to happen if and only the exchange gives your credentials to the ones who are tracing you, or they themselves wants to track you. Since most legit and big exchange out there requires you to KYC for big amounts of withdrawal, and that will most likely to happen. So either use decentralized exchange or peer to peer.

regarding I.P. addresses, if you are aware if VPN then it will be no problem, creating new bitcoin wallet address and use it once. In our country there are 3rd party apps that lets you exchange your bitcoin with out you submitting KYC protocols, as long as it is in the minimum withdrawals of a thousand dollars.

tiCeR

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Quote from: stomachgrowls on July 26, 2021, 03:44:16 PM

Quote from: AakZaki on July 26, 2021, 02:47:20 PM

Quote from: checkmatesir on July 26, 2021, 07:33:45 AM

It is upon to the user that how can he manage it and what address he is using for the transactions. And another thing I will tell you that the transaction history of bitcoin is public and everyone can know the inflow of you transaction and outflow too. So, may be anonymous.

It seems that in general, everyone can see the transaction, but to find out who the details are, it will be a little difficult. Because what we see is only the TX id address, and the number of transfers. Some people can use the Mixer feature for transfers between wallets. But remember that actually if crypto goes to an exchanger or bank then later it can be used to track who you are

Its the only way for a certain person to be tracked on when they do hit up on exchangers and able to withdraw and since they do comply of some KYC then most likely you are already known.

but to know that there are platforms which does have 2 btc limits like binance on where you can easily make out some transfer without verifying your identity which would make tracing even way more harder.

Bitcoin is known to be pseudonymous and i do rather say that zcash and monero is totally on that are when it comes to full anonymity.

One problem is that we don't know how much data these exchanges like Binance are providing to authorities. That's important because even if you don't undergo the KYC process, it can still be that you send BTC or any crypto to an address that has already been attached to you otherwise. If Binance then provides data to authorities, they can get a pretty good picture about the addresses you own and what you do with them.

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Quote from: AakZaki on July 26, 2021, 02:47:20 PM

Quote from: checkmatesir on July 26, 2021, 07:33:45 AM

It is upon to the user that how can he manage it and what address he is using for the transactions. And another thing I will tell you that the transaction history of bitcoin is public and everyone can know the inflow of you transaction and outflow too. So, may be anonymous.

It seems that in general, everyone can see the transaction, but to find out who the details are, it will be a little difficult. Because what we see is only the TX id address, and the number of transfers. Some people can use the Mixer feature for transfers between wallets. But remember that actually if crypto goes to an exchanger or bank then later it can be used to track who you are

Its the only way for a certain person to be tracked on when they do hit up on exchangers and able to withdraw and since they do comply of some KYC then most likely you are already known.

but to know that there are platforms which does have 2 btc limits like binance on where you can easily make out some transfer without verifying your identity which would make tracing even way more harder.

Bitcoin is known to be pseudonymous and i do rather say that zcash and monero is totally on that are when it comes to full anonymity.

AakZaki

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Quote from: checkmatesir on July 26, 2021, 07:33:45 AM

It is upon to the user that how can he manage it and what address he is using for the transactions. And another thing I will tell you that the transaction history of bitcoin is public and everyone can know the inflow of you transaction and outflow too. So, may be anonymous.

It seems that in general, everyone can see the transaction, but to find out who the details are, it will be a little difficult. Because what we see is only the TX id address, and the number of transfers. Some people can use the Mixer feature for transfers between wallets. But remember that actually if crypto goes to an exchanger or bank then later it can be used to track who you are

osasshem

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The anonymous nature of Bitcoin and the block chain technology is to keep it tracks and transactions untraceable, without rules and borders, but if the crypto world becomes regulated, the end to end users might be made clear for a trace and transactions tracking, and it's anonimity which is it's unique feature will wear off. Something else is the KYC process that most to all exchanges are doing, this is probably for them to know who is making transactions of high amount, which could be the process of fraud tackling, and the moment a transaction is traced to such account, personal details are exposed, and a clear trac/track is made. Though, it is true that Bitcoin is pseudo anonymous, as it is not under regulations, but should it goes under regulations, the process of tracing and tracing transactions will be easier and faster.

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It is upon to the user that how can he manage it and what address he is using for the transactions. And another thing I will tell you that the transaction history of bitcoin is public and everyone can know the inflow of you transaction and outflow too. So, may be anonymous.

datguyian

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Quote from: Kimonoe on July 26, 2021, 12:12:57 AM

Quote from: datguyian on July 25, 2021, 04:18:08 PM

Quote from: Assface16678 on July 25, 2021, 10:55:42 AM

On the ledger, you are anonymous but if someone traces specifically your address all the way to you spending it all, they will be able to identify who is behind that address. I think that this is a good reason why not every money laundering users are using bitcoin because the FBI can trace it beck to them especially if there's big transactions and consecutive transactions done in a single address.

It just requires one connection to your physical address (because you made an order or something) and you are more or less completely identified. Add to that an exchange you underwent KYC on, again you are identified. If you now use Bitcoin addresses that have ever been connected to one of the identified addresses, you are definitely completely identified.

Yes, it is true. So if the government is afraid to be used as an instrument of crime, I think with your explanation it can be identified as well. even though we ordinary people only see the address without clearly stating the identity of the wallet owner

The government won't be an instrument of crime. Actually, those who know Bitcoin well enough also wouldn't use Bitcoin to commit crimes, except for those who are absolute professionals and know exactly what to do to break traceability, but that is a minority of criminals. Others just use Bitcoin without concern and that is also dangerous as you don't want to leave your personal footprint all over the place on the Internet on a distributed ledger.

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Quote from: datguyian on July 25, 2021, 04:18:08 PM

Quote from: Assface16678 on July 25, 2021, 10:55:42 AM

On the ledger, you are anonymous but if someone traces specifically your address all the way to you spending it all, they will be able to identify who is behind that address. I think that this is a good reason why not every money laundering users are using bitcoin because the FBI can trace it beck to them especially if there's big transactions and consecutive transactions done in a single address.

It just requires one connection to your physical address (because you made an order or something) and you are more or less completely identified. Add to that an exchange you underwent KYC on, again you are identified. If you now use Bitcoin addresses that have ever been connected to one of the identified addresses, you are definitely completely identified.

Yes, it is true. So if the government is afraid to be used as an instrument of crime, I think with your explanation it can be identified as well. even though we ordinary people only see the address without clearly stating the identity of the wallet owner

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Quote from: ARTURVHt on June 11, 2021, 09:22:45 PM

Yes, Bitcoin has a strong anonymity, and its privacy is very strong. His anonymity can guarantee his security, so anonymity is not only a feature of Bitcoin but also an advantage.

Investors who make a profit by investing in bitcoin for anonymous bitcoin may not know the exact details. Not after seeing the government take control investors will never benefit so much from using bitcoin if the government controls it bitcoin is more profitable to be decentralized.

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Quote from: Kiley33 on July 05, 2021, 03:10:24 AM

A major feature of Bitcoin is its anonymity. If you put all your Bitcoins in a cold wallet, no one knows how many Bitcoins you have. Bitcoins are still traceable, which means that all you have on the chain is It can be seen that it is transparent, so it can also be said to be pseudo-anonymity.

Being anonymous is the main and biggest advantage of Bitcoin and that's why that most of the transactions are happening via BTC. BTC can't be traced and the government has no control over it.

datguyian

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Quote from: Assface16678 on July 25, 2021, 10:55:42 AM

On the ledger, you are anonymous but if someone traces specifically your address all the way to you spending it all, they will be able to identify who is behind that address. I think that this is a good reason why not every money laundering users are using bitcoin because the FBI can trace it beck to them especially if there's big transactions and consecutive transactions done in a single address.

It just requires one connection to your physical address (because you made an order or something) and you are more or less completely identified. Add to that an exchange you underwent KYC on, again you are identified. If you now use Bitcoin addresses that have ever been connected to one of the identified addresses, you are definitely completely identified.

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On the ledger, you are anonymous but if someone traces specifically your address all the way to you spending it all, they will be able to identify who is behind that address. I think that this is a good reason why not every money laundering users are using bitcoin because the FBI can trace it beck to them especially if there's big transactions and consecutive transactions done in a single address.

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Quote from: Blowon on July 05, 2021, 07:05:01 AM

I don't think bitcoin is a privacy coin, it suggests that bitcoin should be more transparent than anonymos, with the blockchain everyone can see the details of transactions, even some markets have their own name tags, what do you think about their anonymity?

You don’t know what you’re doing then. Been buying 8-balls twice a week for years now and no DEA at my door.

You new here. Get jacked and start cracking coin codes and be number 1 troll like me.

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I don't think bitcoin is a privacy coin, it suggests that bitcoin should be more transparent than anonymos, with the blockchain everyone can see the details of transactions, even some markets have their own name tags, what do you think about their anonymity?

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