Bitcoin is the most valuable cryptocurrency in the world and it is known for its anonymous payments. However, what if we tell you that it is not completely anonymous. Instead of being completely anonymous, it is pseudo-anonymous and hackers can track you using the public address info and IP Address. Similarly, there are other ways too which one can track your online activities and bitcoin transactions. That’s why it is important that you use the following tricks to ensure your anonymity for Bitcoin Transactions. Let’s get started.
Use a good VPN
VPNs are a good way to start protecting your bitcoin transactions. When you access the internet without any VPN then you use your IP Address which is basically your unique ID Card. In this case, if any entity is tracking your activity then it can link all of your activities with your IP Address. If you use the VPN, then you will get the temporary IP Address and one won’t be able to link any activity with you.
Tor – Onion Router
If you are a tech-savvy person then you probably have heard the term “Tor” in your life. It is the community that believes in anonymity and surveillance-free internet usage and it ensures that you get the best protection. It is the same technology which is used by journalists and whistle-blowers around the world to protect their sources and identity.
Tor has proven to be very effective and it is preferred by the many privacy enthusiasts around the world. Tor encrypts all of its nodes and then route the traffic through the random computer nodes on the network and then access the final website. This complex process makes it impossible for any tracking entity to track your online activity and hence, you get the ultimate privacy. Tor also blocks the ads and trackers which can also be used to track your identity and region.
If the Tor is too complex for you then you can also go for Brave Brower which also works well. It is also a very advanced browser and it comes with the built-in Tor which ensures your privacy. Just like Tor, Brave Browser also blocks the ads and trackers to ensure your privacy. Also, it is comparatively much faster than Google Chrome and it also uses few resources. You can use any of these two technologies to ensure your privacy.
All the Bitcoin transitions are recorded on the Blockchain which is the public ledger. If one has the right information, he/she can track your online transactions. To counter this problem, the Bitcoin mixer is a great solution that ensures that no one should be able to track you. Bitcoin Mixers do it by swapping the coins with other users which ultimately makes it difficult for anyone to track your Bitcoin transactions. Bitcoin Mixers are paid services and you can mix your bitcoins for a fee.
Always use a New Address for Bitcoin Transactions
When it comes to bitcoin transactions, experts recommend using the New Addresses for every Bitcoin Transactions. Luckily, you can do it without doing a lot. The majority of the Bitcoin Wallets are the HD wallets and they can generate as many receiving addresses as you want without any restrictions.
It is a very good practice and it will ensure that you don’t compromise your privacy. You can always re-use the same receiving address but we would strongly recommend you use the new one to ensure your privacy. If someone happens to know your bitcoin receiving address then he/she can know your worth by tracking it on the blockchain.
Do the Bitcoin transactions in Cash
We are living in a digital world and the majority of the services we use to collect some sort of data that can compromise your privacy. If you are concerned about your privacy and want to ensure that your transactions stay anonymous then you can do the transactions face-to-face.
Some websites such as LocalBitcoins.com & Localcryptos.com allow you to find the local buyers and sellers of bitcoin in your region. You can use the burner emails such as emailondeck or Guerilla mail to register on LocalBitcoins.com or Localcryptos.com. However, make sure not to use your personal details when making an email address on these services. Also, use the VPN or Tor Browser to access these services. During the cash transaction, don’t use your personal email, vehicle, phone number or even name which could potentially link the transaction with you.