Bitcoin is traceable if you don't do coinjoin, your friend isn't exaggerating. Monero is orders of magnitude more anonymous than bitcoin, and its developers are working to employ even more privacy technologies every day. Absolutely use it, if you want anonymity.
It's pretty bad for saving money, comparably to bitcoin, though: https://www.coingecko.com/en/coins/monero/btc.
Topic: Safety of Btc ussage (Read 512 times)
Bitcoin transactions are recorder on a public blockchain making them traceable to some extent. Although your identity isn't tied to you bitcoin wallet, advanced analytics can link wallet addresses to individuals which raises concerns for those who value privacy.
Bitcoin is pseudonymous therefore there is ways that you can make it anonymous not that the transaction wouldn’t be public but won’t be traceable to you. Just as you have said if it is not sent to an address on a platform tied to your KYC then it is safe, also there is the IP address of the user linking up addresses through the use of public nodes and not having yours, having your own full node prevents this or using Tor/vpn too. The simplest method though not to link addresses together is to prioritize the use of new address for new transactions, this ways if been utilize can keep you anonymous
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
Bitcoin transactions are recorder on a public blockchain making them traceable to some extent. Although your identity isn't tied to you bitcoin wallet, advanced analytics can link wallet addresses to individuals which raises concerns for those who value privacy.
Monero is designed for privacy. It uses advanced cryptographic techniques like ring signatures and stealth addresses to hide transactions details making it much harder to trace. This makes monero a preferred choice for users who prioritize anonymity.
Whether to switch depends on your needs. Bitcoin remains highly secure and widely accepted which is an advantage for general use. Always weight your priorities and do your own research before making a decision
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
Bitcoin has always been easy to track, that is no news. I never used Monero, I know it's untraceable (I think) but I also know that many exchanges delisted it so it depends how you want to get that money out of the system. And the other question is: do you actually need something untraceable? Otherwise you may simply complicate your life.said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
And about tracking bitcoin, the other person needs to know about your transaction or knowing your wallet address otherwise there is no way to know who the owner is, you just have an address.
Bitcoin is secure for most purposes, but since all transactions are recorded on a public ledger, they can potentially be traced. Monero focuses on privacy, concealing the details of a transaction-the sender, receiver, and amount. This makes Monero very popular for anyone seeking to conduct private transactions, however with this level of privacy and anonimity you will also raised a suspicion that people who use monero might use it for something illegal. On the other hand bitcoin is also working on its privacy with updates and second-layer solutions. In the end, it depends on your priorities: if you are mostly worried about privacy, Monero might be a better fit; if you would prefer a widely accepted and open one, then Bitcoin is still a good option.
One of the things that makes people pick intrest to invest in bitcoin is because of the privacy so they believe so much that bitcoin will provide maximum security and also protect there identity of investing in bitcoin and with the help of public ledger you will be able to trace a particular transaction and it actually a good thing because very single details about that transaction will be known so is it not better so times because when someone is sending to you it can easily know when it will confirm when you check the mempool. Monero Is a good privacy coin to buy but sometimes I feel is people that do some criminal act are the once's that seriously love Monero and I love the way the system is designed and anytime anyone can do some checkings, and what you said is true there is no way you will use Monero that people will not suspect you of doing something shady and I don't dispute that fact some times because majority of you protect there transactions thay way are those that actually do laundering if they want to look into those case seriously.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
So you believe what your friend said? said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
You said that there were no problems while using Bitcoin, which means Bitcoin is safe to use. Various large companies such as MicroStrategy, Tesla and the country of El Salvador have stored Bitcoin in large amounts for the long term, so far their assets have been safe, even El Salvador has made huge profits from Bitcoin investments. MXR is not easily traceable, but there is no other coin better than Bitcoin, although bitcoin transactions can be traced because they are visible on the blockchain, but it will not make you hunted by the authorities after making a transaction.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
Bitcoin is secure for most purposes, but since all transactions are recorded on a public ledger, they can potentially be traced. Monero focuses on privacy, concealing the details of a transaction-the sender, receiver, and amount. This makes Monero very popular for anyone seeking to conduct private transactions, however with this level of privacy and anonimity you will also raised a suspicion that people who use monero might use it for something illegal. On the other hand bitcoin is also working on its privacy with updates and second-layer solutions. In the end, it depends on your priorities: if you are mostly worried about privacy, Monero might be a better fit; if you would prefer a widely accepted and open one, then Bitcoin is still a good option.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
It depends on why you are even trying to hide your transaction using XMR, if you are a scammer trying to defraud people using XMR transaction you are fooling yourself, because you will still be caught, a massive crime like scamming people can be exposed by the FBI, they just need to work with XMR team and something will be done about it.
I don't trust people in crypto anymore, some people are here to learn the good stuff only to use it against innocent people in the world, rob them of their hard earned money, days ago hundreds of scammers were caught in my country, they are all into crypto scams and frauds, now even legit crypto investor and miner like myself don't have the confidence anymore because it now seem like every person involved in crypto are scammers.
The times are changing indeed.
Remember when everybody at the start of the Internet era got caught in some fishing scams or stuff like that?
Crypto is coming full circle and follows that path - so in any case, we have to stay vigilant and do every action, both in and out of the blockchain - responsibly.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
It depends on why you are even trying to hide your transaction using XMR, if you are a scammer trying to defraud people using XMR transaction you are fooling yourself, because you will still be caught, a massive crime like scamming people can be exposed by the FBI, they just need to work with XMR team and something will be done about it.
I don't trust people in crypto anymore, some people are here to learn the good stuff only to use it against innocent people in the world, rob them of their hard earned money, days ago hundreds of scammers were caught in my country, they are all into crypto scams and frauds, now even legit crypto investor and miner like myself don't have the confidence anymore because it now seem like every person involved in crypto are scammers.
In such a case - I totally agree. It's never wrong to double-check or take measures. Because your safety is your responsibility. And I hope you won't get into trouble anytime soon.
I really want to believe that nothing bad will happen, but there is less and less hope. It seems like my government has gone crazy. All they have been doing in recent years is banning everything completely. Soon it will even be scary to fart. What can we say about crypto? The authorities themselves don't give a damn about the laws and will calmly use crypto to bypass sanctions, but the average person will get it for doing this. 
As others mentioned, it's not that it can be tracked, but that transactions are public by design. So yes, any on-chain transaction is out there for anyone to see. But then the matter of identifying the people or entities behind the wallets and transactions is a different issue, which largely depends on a person. If you leave your BTC address online in profiles that contain identifiable information, someone with a proper interest and enough time can figure things out. But that's not a BTC design issue and not generally an issue, unless you're severely privacy-oriented.
Bitcoin transactions are publicly seen by everyone because Bitcoin blockchain is a public one, not a private blockchain. Fortunately, with many Bitcoin transactions a day, or since 2009, how do I know that one transaction belong to who?I can not know it, except if that sending and receiving addresses or one of them was publicly posted somewhere and was archived somewhere. If I don't have that information, I know nothing about that Bitcoin address and that Bitcoin transaction, nothing about identity of sender and receiver. It's good enough, safe enough to use Bitcoin blockchain.
Remember to use Change address, avoid reuse address, and you will have better privacy.
Privacy for Bitcoin transaction, advices.
Quote from: Blockchair.com privacy o meter
General guidelines for sending BTC transactions
Blockchair can not help you improve the privacy of your
transactions but here are some basic recommendations
on how to stay anonymous on the Bitcoin network
Don't send round numbers
Don't send round amounts. Instead of sending 0.1 BTC, send 0.10125
Use Bitcoin Mixers
Mixers add an additional layer of privacy to a transaction to avoid exposing user identities.
Avoid reusing wallets
Don't send your Bitcoin change to the same address you use for sending bitcoins.
Avoid including many of your addresses in one transaction
Any time you can, try not to send BTC from your various Bitcoin addresses.
Avoid using "send everything" option
If you are withdrawing funds from an exchange, it is okay.
If you're moving funds to another wallet, do not transfer the whole amount to another address. It greatly compromises your privacy.
Blockchair can not help you improve the privacy of your
transactions but here are some basic recommendations
on how to stay anonymous on the Bitcoin network
Don't send round numbers
Don't send round amounts. Instead of sending 0.1 BTC, send 0.10125
Use Bitcoin Mixers
Mixers add an additional layer of privacy to a transaction to avoid exposing user identities.
Avoid reusing wallets
Don't send your Bitcoin change to the same address you use for sending bitcoins.
Avoid including many of your addresses in one transaction
Any time you can, try not to send BTC from your various Bitcoin addresses.
Avoid using "send everything" option
If you are withdrawing funds from an exchange, it is okay.
If you're moving funds to another wallet, do not transfer the whole amount to another address. It greatly compromises your privacy.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
As others mentioned, it's not that it can be tracked, but that transactions are public by design. So yes, any on-chain transaction is out there for anyone to see. But then the matter of identifying the people or entities behind the wallets and transactions is a different issue, which largely depends on a person. If you leave your BTC address online in profiles that contain identifiable information, someone with a proper interest and enough time can figure things out. But that's not a BTC design issue and not generally an issue, unless you're severely privacy-oriented. said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
Achieving safety+privacy is great, but in most cases you shouldn't worry about your BTC being traceable on the blockchain(unless you are doing something illegal).
Everyone sees safety+privacy equally in both legal and illegal aspects. Privacy is the most important thing for our safety. Privacy is important for us to protect ourselves from all kinds of harm.If you think about it, those who trade in BTC legally must look after their funds and protect everything, so they must give the most importance to privacy and maintain privacy. If you prioritize security, then someone must give importance to privacy.
On the other hand, if you think about it, those who trade in BTC illegally must look after their funds and protect everything. However, those who trade illegally are always worried. They are always afraid that their privacy has been broken in some way. They always have different kinds of fears working inside them. Those who trade illegally are also worried that disaster may come to them at any time. However, I have seen that those who trade illegally cannot maintain privacy at some point to protect their privacy. Their secrets come to the fore, and they are caught.
Achieving safety+privacy is great, but in most cases you shouldn't worry about your BTC being traceable on the blockchain(unless you are doing something illegal).
That is not always true, privacy is important for so many reasons, even if you are not into anything illicit, one of the things i learnt when i got into BTC is how to keep my funds private, don't talk too much about my BTC's and use privacy solutions when i have to. My point is that, it is wrong to believe that only people into illicit business have to worry about privacy, that is what the government wants to establish with the whole bullshit of 'clean' and 'dirty' coins, and in that way attacking BTC's fungibility.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
your friend doesn't seem to really understand how bitcoin works and how it can be said to be pseudonymity. all transactions on the bitcoin network are recorded on the blockchain, meaning that everything is tracked, but as long as you don't use a centralized exchange that uses KYC, doesn't use repeated addresses, and uses the TOR network, it's completely safe and secure. so what your friend said was an exaggeration, and you don't need to switch to monero just for that reason alone.
Agreed through and through.
If there is no centrilized entities at place or something like illegal activities plus centrilized entities - everyone is good to go without XMR and be secure. In a privacy sense too, though XMR gives a bit more in that department.
I have been using bitcoin successfully, and NO issues...Recently a friend of mine that it is not safe because it can be tracked. My friend
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
said that I should use MXR instead. Someone please provide some clarification. If I should convert to XMR or isthis guy exaggerating?!?
your friend doesn't seem to really understand how bitcoin works and how it can be said to be pseudonymity. all transactions on the bitcoin network are recorded on the blockchain, meaning that everything is tracked, but as long as you don't use a centralized exchange that uses KYC, doesn't use repeated addresses, and uses the TOR network, it's completely safe and secure. so what your friend said was an exaggeration, and you don't need to switch to monero just for that reason alone.
A friend of the OP may be onto something 
Or maybe he is just very fond of the privacy+security combo.
In any case, I agree with you - if there is no illegal stuff in question, nothing would be a problem for a person not using XMR, but just BTC.
In my country, for example, there may be some legal problems if you use Bitcoin. So it would not be superfluous if I take slightly increased security measures when using cryptocurrency. Lately, something has even become scary. I do not want to end up under arrest because of these trifles. That is why it is necessary to use not only confidentiality, but also to protect yourself as much as possible. Or maybe he is just very fond of the privacy+security combo.In any case, I agree with you - if there is no illegal stuff in question, nothing would be a problem for a person not using XMR, but just BTC.
In such a case - I totally agree. It's never wrong to double-check or take measures. Because your safety is your responsibility. And I hope you won't get into trouble anytime soon.
A friend of the OP may be onto something Or maybe he is just very fond of the privacy+security combo.
In any case, I agree with you - if there is no illegal stuff in question, nothing would be a problem for a person not using XMR, but just BTC.
In my country, for example, there may be some legal problems if you use Bitcoin. So it would not be superfluous if I take slightly increased security measures when using cryptocurrency. Lately, something has even become scary. I do not want to end up under arrest because of these trifles. That is why it is necessary to use not only confidentiality, but also to protect yourself as much as possible. Or maybe he is just very fond of the privacy+security combo.In any case, I agree with you - if there is no illegal stuff in question, nothing would be a problem for a person not using XMR, but just BTC.
If I should convert to XMR or isthis guy exaggerating?!?
Definitely your friend is exaggerating, it's not required to convert your Bitcoin to Monero or use Bitcoin mixer, especially if you don't care with privacy at all.The most important thing is the device you use to hold Bitcoin is completely safe, don't bought the device contains a lot Bitcoin to everywhere and know how to safely save your seed phrase.
It's enough in terms of safety.
Don't bring the devices with your funds, lots of em, with you around.
Period.
A phone should be always with you if your funds (some of them even) are there, a cold storage wallet, or another type of wallet - in a safe place, etc.
If I should convert to XMR or isthis guy exaggerating?!?
Definitely your friend is exaggerating, it's not required to convert your Bitcoin to Monero or use Bitcoin mixer, especially if you don't care with privacy at all.The most important thing is the device you use to hold Bitcoin is completely safe, don't bought the device contains a lot Bitcoin to everywhere and know how to safely save your seed phrase.
It's enough in terms of safety.
Jump to: