Make anonymous bitcoin transfers globally
Money-transfer services like MoneyGram, Western Union, and Ria are experts when it comes to transferring funds globally. Although they have global presence, they are notorious for their incredibly high cost of service.
The cost of using a money transfer service like Western Union may be up to 25% of the value of the money being sent, which is ridiculously high to begin with. In addition, it is compulsory for users to submit proof of identification before transfers can be made, further increasing the cost and vulnerability of the transactions.
For a swift and private transfer of funds to anywhere in the world, senders can choose to transfer bitcoin anonymously, instead of using traditional money transfer services like Western Union.
Global money transfer using bitcoin
At one time or the other, you may have tried to transfer funds to a family member, business partner, or a friend in another part of the world. You probably tried to use Western Union or PayPal, and possibly experienced rigid regulatory measures on your bank account. All these money transfer services come at a cost.
Rather than disclosing your identity while still paying heavily, bitcoin transfers allow you to transfer funds anonymously to anyone anywhere in the world at reasonable prices. The benefits of bitcoin as a worldwide fund transfer option spans across all populations from those who do not own a bank account, to migrants who want to transfer money to their families, and those who prioritize their digital security.
Sending bitcoin anonymously
The steps involved in transferring bitcoin anonymously are quite straightforward. Although there is no in-built feature to facilitate the transfer of bitcoins privately, using a bitcoin tumbler from reliable service providers such as Tumbler.io is highly advisable. The most reliable way of obtaining completely anonymous bitcoin is by using a bitcoin tumbler.
Bitcoin tumbling is a simple process that can be completed within the shortest possible amount of time. It typically involves sending your bitcoin to a deposit address which can be only used once as provided by the Tumbler.io tumbling service. Then there will be a tumbling of your digital coins. After this, fresh, untraceable coins will be sent to the listed recipient’s address.
In under one hour, the whole process would be completed and your new bitcoin address will not be linked to your former bitcoin address at all. As a result, you will then be free to transfer bitcoin from your new bitcoin address without it being traced to your old bitcoin address and its transaction history.
Benefits of anonymous bitcoin transfers
There are numerous benefits of transferring bitcoin anonymously. The first benefit is the ability to transfer funds globally without leaving a trail that can be tracked. People are entitled to their privacy and it is needless to start explaining why you need privacy, particularly to blockchain analysis firms. Just imagine if it were possible for authorities to enforce strict tax laws that would be applicable to previous bitcoin transfers. This law would definitely apply to anyone whose bitcoin history can be traced, making them easily identifiable. But this law would not apply to you since you have been proactive enough to effectively conceal your bitcoin transactions using bitcoin tumblers.
In addition to this, the cost of transferring funds using bitcoin is more affordable, compared to using services like Western Union and MoneyGram. The minimum fee for using PayPal is about 2%, whereas Western Union typically charges about 15 to 25% of the funds you intend to send.
Also, the speed of bitcoin transfer is higher than other transfer options. Instead of expecting the arrival of your transfers for days or weeks with other methods, bitcoin transfers are completed within minutes.
An effective way of transferring bitcoin anonymously
These days, there is a wide variety of coin options for anonymous cryptocurrency transfers. Although this is remarkable, the issue is that most people are only interested in making anonymous bitcoin transfers, and not other bitcoin variants such as Pivx, Verge, or ZCash.
There is now a question of how to make anonymous bitcoin transfers without a designated privacy feature. Although this problem was once insurmountable, the innovations in bitcoin technology have resulted in the creation of a simple solution, using the bitcoin tumbler.
How do bitcoin tumblers work?
If you are looking to transfer bitcoin anonymously, this is an exceptional idea and is not only a good way of protecting your personal information, but is also in accordance with Satoshi’s original idea.
It is easier than it appears. You can use a reliable bitcoin tumbler like Tumbler.io to sever the connection between your new and old bitcoin address. This would conceal your identity and transaction history from a third party, including blockchain analysis.
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.