How to preserve the anonymity of bitcoin
In the world we live in today, everyone understands the need to live a private life and protect their privacy at all times. As a result of that, most people who use bitcoin tend to think that it is 100% private, and that is the more reason why they use it for their transactions. Many people believe the bitcoin system offers them an exceptional amount of anonymity, but that is not the case because bitcoin doesn't provide you the privacy you seek.
Blockchain of bitcoin is really open, and anyone who is connected to the internet and has a little knowledge about bitcoin can efficiently study the history of your operations. That way, they can detect the destination of your transactions and even your wallet balance. That's absurd because you wouldn't want anyone knowing how much you have left in your wallet. It's more like people getting to know how much you have in your bank account and your daily transactions.
The reason bitcoin isn't really private is simply that at the initial stage of establishment, it was designed as a public service, and it promises transparency. This may have been good at a certain point, but with the way the world is evolving digitally, and everyone needs privacy, this doesn't work anymore. Since bitcoin blockchain is public, there are ways in which you can make your wallet private. So if you have been wondering how to make your transactions with bitcoin and still maintain privacy, this article will let you in on how to do it. However, the guide is simple and straightforward, so you don't have to be a computer guru to put the below tricks into practice.
Use a VPN
Indeed, you don't need to be a computer guru before you can make your transactions of bitcoin anonymously, but you need to obtain some technical skills to allow you to get started. The first step you need to take is to download the VPN software, once you can download software on your system, and then downloading a VPN shouldn't be a problem. You should realize that VPN has lots of options for you to choose from, so you can conveniently choose that which is favorable to you, and it all depends if you are using a mobile device or a PC. How does the VPN service work? It's simple; a VPN service is one that covers your IP address. Every system has an IP address, which depends on your location. So if you download a VPN software, it can hide your IP address and redirect your internet connection to another server, and in most cases, it might redirect it to another server in another country. This way, your transactions cannot be traced, and you can maintain a good level of anonymity because blockchain depends on your IP address.
Make Use of the Unique Tor Browser
The Tor Browser isn't a popular browser because the Navy developed it to help them maintain secret communications. However, it has now become a free program that can be used by anyone to make the internet more private and safe to carry out various transactions. As one who wishes to transfer bitcoin incognito, the Tor browser will lead traffic through other servers and generate a complicated list of different IP addresses, which makes pinpointing your IP address impossible. So, if anyone tries to penetrate your bitcoin wallet and go through your transactions, their efforts will be in vain because all they will see is an entwined list of other IP addresses.
The bitcoin mixer, which is also known as the bitcoin tumbler, helps to keep your account private. The bitcoin tumbler services help you shuffle your bitcoins using a complex algorithm. Hence, using the bitcoin mixer, you can anonymously send bitcoins anywhere without anyone tracing the transaction back to you. When you have a large amount in your wallet, then this is truly a method of choice for you, because no one would be able to find your wallet and find out how much you have in there. But when choosing your bitcoin tumbler, you need to be careful because they come in various types. There are some that don't mix your coins well, which makes tracking your transactions possible, and it defeats the purpose of using the bitcoin mixer. However, you can try the Tumbler.io, it mixes your coins so well and helps you send bitcoin anonymously, leaving no trace behind. Don't be worried about how to use this method – it’s a breeze. Deposit the amount of bitcoin you want to see in your Tumbler.io, and it will mix your coins properly before sending, so it automatically sends an anonymous transaction.
Use an encrypted messenger
The encrypted messenger method is another unique way to send bitcoin invisibly and anonymously. On many occasions, you might have heard or come across end-to-end encryption, which is used regularly, but you might not know what it means. This end-to-end encryption sends a message to another party in an encrypted form, but the person already has the code to decrypt the message, which makes it impossible for a third party to view the messages. This same method can be used while sending bitcoin. This method promises 100% anonymity; hence if you need to send bitcoins anonymously, then this method promises you that privacy you desire.
Change your pattern of buying bitcoin
If you are used to buying bitcoins or sending cryptocurrency through a broker service that requires your personal information and banking details, you might do yourself a favor by changing your method of operation, because this method stores your information, which means your wallet can be easily accessed. But if you can purchase your bitcoin physically using cash, there will be no need for any further information or identity cards. After your purchase, you can anonymously send bitcoin without a digital footprint. Furthermore, if you want to buy bitcoin using cash, make sure to be careful when choosing a buyer, to make the transaction more convenient, you can ask to carry out your operations in public places.
As transparent and public as the bitcoin is, you can conveniently make it private using the few steps enumerated above. Digital privacy in every bitcoin transaction is what is trending now, and nobody wants to risk a third party having their information and probing their wallets. Hence, it is of utmost importance to know the steps above and use those favorable in your case. Although you don't need to become a computer expert in using the following steps, you need to know about technology so your bitcoin transfers can be confidential.
Disclaimer: This article is not intended to provide financial advice or promote the use of Bitcoin and other cryptocurrencies. Its main purpose is to inform, explain, and educate. Readers must make their own decisions regarding the use of such services.