Bitcoin was once considered a way to move money without a lot of viewers. But this image has been quite adjusted in recent years. More and more people are discovering that bitcoin transactions are not completely anonymous. And if you are grateful for some privacy, it is a very problem.
Because all transactions stand forever in the blockchain. Open and exposure. It sounds technically, but in reality everyone who has undergone a small digital investigation can follow your money flow, but it’s not necessarily your identity.
‘Bitcoin is anonymous’
Sometimes listen: “Is Bitcoin anonymous?” Not completely. Blockchain, a technology of Bitcoin, works paradoxically based on transparency. All transactions look open and permanently and have a big advantage in certain aspects.
The wallet address is used as a pseudonym, but the address is connected to the name -VIA, and as soon as it is connected to the names, the subsidies or payment requests (e.g., mystery is gone.
Compare it with a home address without a name in the letter box. Unless anyone lives, it looks anonymous. But as soon as someone sends a birthday card in your name, the fence is out of the dam.
The reason why a completely anonymous wallet can still do
Of course, there is a way to use Bitcoin without leaving digital traces. But you need to know what to find. The wallet itself is a tool, a digital wallet, so it is about how to use it.
Totally anonymous bitcoin wallets are definitely exists: this type of wallet does not require personal data and does not run local, so there is no browser plugin or cloud version. This prevents unintended links between old and new transactions.
If you purchase only Pierpier Viabia without connecting your wallet to your name and address, you can keep it completely anonymously.
Some wallets also have a more difficult feature to track transactions. Especially when combined with tor and other personal information protection tools.
Chain analysis is no longer science fiction.
There is a company that completely specializes in blockchain analysis. They follow the money flow as if it were a GPS signal. They connect the wallet address to individuals, companies and behavior patterns. In the United States, taxes and tariff management are currently in cooperation with those parties to detect tax evasion.
If you get wages with Bitcoin, you act a little and sometimes pay something with encryption. This data set is valuable for those who want to know what they are doing with the Dutch tax authorities.
Regulation becomes more difficult
The government has been trying to grip encryption for many years. This is an example of the MICAR law recently introduced in Europe. The exchange must collect more and more customer data, such as a name, an address, and a copy of ID cards. When you connect your wallet, people know exactly what address is your address.
The data does not end with the government. Hackers, data buyers and other stakeholders know how to get this kind of information. If your wallet is connected to your identity, it is vulnerable. It applies not only to government control but also to cyber crimes.
Mixing is not just for criminals.
Bitcoin mixed with bad reputation. Only hackers, money laundering and other shadow types are used. But the image is not completely right.
Suppose you buy a simple bike and pay Bitcoin through MarktplAats. You do not want to see the seller of your full wallet. So what do you do? First, send BTC through the mixer. Remove the direct connection between the wallet and the payment.
It is not a crime. It is common sense.
Privacy is not a luxury, but a must
Since data is a new oil period, financial privacy is a form of self -protection. Sometimes people who open bank apps know how much insights have a bank in your actions. I thought that many people were over by encryption.
But if you do not pay attention, personal information becomes more vulnerable. Because the blockchain does not forget anything. Harmless things today can be suddenly sensitive in five years. I don’t know what laws are applied or who is on the button.
Complete anonymity requires a conscious choice.
Anonymous Bitcoin Wallet is not a magical shield. It is a tool in the larger the entire larger. How to receive, send and combine coins -everything plays a role.
If you buy Bitcoin through regulatory exchange with KYC process (knowing customers), it is already in the database. Then if you send a coin to an anonymous wallet, everyone knows that you own that wallet. The chain is difficult to break.
Do you really want to maintain anonymity? Then you must obtain Bitcoin through peer -to -peer exchange without a central party.
Conclusion: What you can do today
Do you still use mobile wallets on large -scale securities exchanges? Then you can see what dangerous is. It may take time to switch to personal information protection wallet, but it is worth it.
Please note that the IP address is not connected to the wallet using VPN. All clicks leave the trail in the world of encryption.