Friday 24 May 2024
  • :
  • :

How to Stay Anonymous When Buying Bitcoin

How to Stay Anonymous When Buying Bitcoin

Staying anonymous when buying or selling Bitcoin is important but some people think that it is much harder than it really is. Check out these three tips to ensure that you remain anonymous the next time that you use Bitcoin.

The next time that you are going to be buying or selling Bitcoin and want to make sure that your transaction remains anonymous, you will want to consider trying out these tips. They make it significantly easier to remain anonymous no matter what type of transaction you are a part of.

Engage in Bitcoin Mixing 

Generally, all of your public information is recorded in an online ledger when you engage in transactions with Bitcoin. This means that if you want to see the origin as well as the destination of a transaction, you only need a public address to trace. Rather than leaving your information available for others to find, you can break the trace when you use Bitcoin mixing. This creates temporary addresses or swaps out coins with other addresses to make it harder to follow the path.

Make New Receiving Addresses 

When you use an HD wallet as your Bitcoin wallet, then you can make receiving addresses every time you engage in a Bitcoin transaction. While many new users find this to be confusing, it is a wonderful way to prevent people from tracking you. It’s always a good idea to use a new address when relying on Bitcoin as it quickly stops anyone from tracing your address back to you no matter how many transactions you make.

Use Tor 

One popular options that many investors can advise you on is using a Tor browser when you are going to be connected to the Bitcoin network. This allows you to easily route and encrypt all of your online traffic through various networks before it reaches your destination, making it difficult for other people to try to trace your address. While it sounds difficult and very involved, this is actually a surprisingly easy way to remain anonymous and it’s easy to run a Tor browser. 

Face to Face Exchange

There are already several companies these days that allow you to exchange bitcoin face to face. Their private offices allow you to trade securely. The great thing about this is that you are assured that you are purchasing Bitcoin from a legitimate source and not just from some fraudulent stranger. If you plan on buying cryptocurrency in Australia, Bitcoin Dealers is one of the companies that offer this service.

Staying anonymous is really important and while there are some people who believe that it is much harder than it really is, you can easily remain anonymous and safe when using Bitcoin. It does take a little more work but this is a small price to pay for your anonymity and your personal safety.