Bitcoin Chaser - August 14, 2019
By now it should be clear to everyone involved in crypto, that Bitcoin is not anonymous. Nevertheless, it does provide a few layers of protection that help Bitcoin holders to hide their identity. Since Satoshi intended people to mine their own coins, these layers of protection can be removed through the buying process. Therefore, it is important to understand how to buy Bitcoin anonymously to protect your identity and stay safe.
Although transactions within the Bitcoin network can be traced, your identity is always hidden behind a pseudonym in the for of a public address. It is difficult to know that any given public address belongs to you, but once you exchange your Bitcoin to fiat currency, you are exposed. A public address will be inevitably linked to that transaction. This is also true when you buy Bitcoin, given that:
Therefore, using fiat is essential if you want to buy Bitcoin and remain anonymous. But you must also use either a strong VPN service or a Tor browser when you transact.
Buying Bitcoin and sending it to a wallet on your phone may also expose your identity even if you are using VPN. There are other ways to link your Bitcoin to your identity by proxy through:
To circumvent all of these potential pitfalls that can reveal your identity when you buy Bitcoin, you should: