The storm of digitalization and modernization has left no aspect of the world untouched. From communication to banking, everything is now digitalized and can be done virtually over the Internet. Digitalization has also changed the currencies we trade with as now various cryptocurrencies, better known digital currencies, are quite popular among people. There are umpteen digital currencies in the market presently, but the first-ever digital currency was Bitcoin. It gained massive popularity in a short time period after its launch, but as more virtual currencies surfaced in the market, the hype of bitcoin declined, which lead to a plunge in its demand.
Despite the stiff competition, bitcoin is still the most popular and highly trusted digital currency. With the success of bitcoin, various negativen Gerücht surfaced, which affected the image of bitcoin. Some of these rumors are true, whereas some are completely fake. Most people choose bitcoin because of the high level of security and privacy offered by the blockchain network, on which bitcoin is based but in reality, blockchain network creates a public record which makes all your bitcoin transactions easily traceable. Some various ways and tricks can help you to stay anonymous while transacting and makes your bitcoin transactions untraceable.
Why are bitcoin transactions not completely untraceable?
Bitcoin is a highly secure digital currency as compared to other digital currencies, but it provides a unique public key for every user, which makes the transactions traceable. It makes it easy for anyone to track any user’s transactions and see all the details related to it. It makes users highly prone to cyber-attacks and lowers their privacy. The public keys make it difficult to keep the transactions anonymous. So, there are some ways and tips that you can follow to make your bitcoin transactions anonymous and keep it private from the eyes of other people.
How to stay anonymous while making a bitcoin transaction?
Privacy has become a primary concern of everyone in today’s highly digitalized world. Even your bitcoin transactions can be traced as the transaction addresses are recorded by the blockchain network of bitcoin. Bitcoin is based on a network known as Blockchain, and blockchain technology is made primarily to promote traceability, which makes it challenging to keep the transactions private and anonymous. There are a few tips that can help you to stay anonymous and makes your transactions untraceable.
Bitcoin mixing
It is one of the best and most efficient ways to make your bitcoin transactions untraceable. All the transactions of bitcoins are recorded on a public platform and can be viewed or traced by anyone easily. The best way to make them untraceable and anonymous is bitcoin mixing as it hides your identity and makes you anonymous. Bitcoin mixing allows you to breaks the link, which makes it challenging to track your transactions. The bitcoin mixer replaces the transaction addresses recorded in the public record with different temporary addresses, which makes the blockchain network almost impossible to trace. Bitcoin mixing is also known with other terms, too, such as bitcoin laundering or bitcoin tumbling. If you want to make your transactions untraceable, you can hire any bitcoin mixing service, and you might have to pay some amount for it.
