how anonymous bitcoin is actually depends on you!
the best example i can give you is Satoshi. Satoshi owns bitcoin but is completely anonymous. and that is the ultimate level, and it is hard to achieve that. but for normal users who want to keep their "privacy" following certain steps will insure enough anonymity.
steps such as not linking your bank account or generally your identity with your bitcoin address. using a new address for each transaction (no address reuse). using mixers if needs be.
but depending on your needs for anonymity you can do other things and ultimately move to a truly anonymous coin like Monero.
Topic: Is Bitcoin currently anonymous? - page 2. (Read 1048 times)
It is anonymous in a way that you can send bitcoins to someone without pretty much anyone else knowing. The only issue is, all the transactions are visible on sites like blockchain.info. But I think it is anonymous enough since only the bitcoin addresses are visible. Even when other people found out about your personal bitcoin wallet, you can always use bitcoin mixers like ChipMixer to prevent people from tracking your previous wallet.
Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money
If you don't touch any FIAT, yes it is anonymous enough. Not completely as everyone can track down every address but you can confuse them with mixing services.
If you exchange your bitcoins with FIAT however, your options are;
1-Banks: Not anonymous indeed.
2-Local Traders: They'll see your face. You'll be exposed.
not only touching fiat but also doing any shopping with bitcoin, if you buy something on the web using bitcoin your address and your name are linked and your privacy is compromised
you either use a new address that is not linked to any other in your wallet, or create a new wallet each tiem you want to use bitcoin, so even withotu dumping for fiat you can compromise your anonimity
Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money
Not at all, if you send a transaction, you should be able to find the transaction ID on https://www.blockchain.com/ and therefore any transaction you make will be recorded and makes it not that anonymous. After some hard work, someone would be able to track your transactions and find all your addresses, so no it is not fully anonymous. Something that would make it even more anonymous would be to use a mixing address to confuse them.
Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money
If you don't touch any FIAT, yes it is anonymous enough. Not completely as everyone can track down every address but you can confuse them with mixing services.
If you exchange your bitcoins with FIAT however, your options are;
1-Banks: Not anonymous indeed.
2-Local Traders: They'll see your face. You'll be exposed.
jzale, you are very right, mate. Bitcoin is not anonymous.
I have read somewhere that best definition would be pseudoanonymous in the same sense that you may use a fake name in facebook or twiter but someone can still find the true you.
I have read somewhere that best definition would be pseudoanonymous in the same sense that you may use a fake name in facebook or twiter but someone can still find the true you.
bitcoin is pseudo-anonymous.
All transactions are included in the blockchain (decentral database), so it's possible for somebody to follow these transactions (inputs, outputs, change addresses,...), and using some data mining and some clever algorithms, it's possible to find most addresses belonging to your wallets.
Couple this information with the fact that most exchanges follow KYC regulations and require your identity verification AND the fact that if you buy a physical good, you'll have to provide a delivery address. The end result is that if you ever bought bitcoin with a verified account, or spent bitcoin using your real address, somebody with enough resources and time will probably be able to find you...
That being said, no ip's are recorded in the blockchain. A node can only (potentially) record the ip of which it receives a transaction (but it can never know it is the ip of the person creating the transaction). So, if you use a VPN (or tor) and never couple a physical address or a forum nickname to your addresses, it'll be pretty hard to track you down.
There are also other sollutions to enhance your privacy, but i'm not going to go into details this time
All transactions are included in the blockchain (decentral database), so it's possible for somebody to follow these transactions (inputs, outputs, change addresses,...), and using some data mining and some clever algorithms, it's possible to find most addresses belonging to your wallets.
Couple this information with the fact that most exchanges follow KYC regulations and require your identity verification AND the fact that if you buy a physical good, you'll have to provide a delivery address. The end result is that if you ever bought bitcoin with a verified account, or spent bitcoin using your real address, somebody with enough resources and time will probably be able to find you...
That being said, no ip's are recorded in the blockchain. A node can only (potentially) record the ip of which it receives a transaction (but it can never know it is the ip of the person creating the transaction). So, if you use a VPN (or tor) and never couple a physical address or a forum nickname to your addresses, it'll be pretty hard to track you down.
There are also other sollutions to enhance your privacy, but i'm not going to go into details this time
Correct my if I'm mistaken. As far as I know, bitcoin transactions are traceable my friend. Your links to your mails and bitcoin address are traceable. Though there are sites that are offering to make it anonymous and you can use VPN too.
Hello all, im pretty new to btc, currently is Bitcoin anonymous? since it enables privacy in transfer of payment/money
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