Bitcoins by virtue, are pseudonymous.
This means that your transactions are not linked with any person or identity, but even then they can be tracked via the private keys that are used when transactions are made.
Sign-ups on the blockchain network do not require the name, physical address, or email id of an individual in the transaction.
It is alphanumeric strings that go out on public view on the blockchain network, and public address is used to send bitcoins.
But just this would never be enough to keep your digital currency safe and secure on a platform or a network that is full of risks and even the slightest mistake can expose you to greater risk.
Sounds terrible right?
You need not worry!
Some ways will help you remain safe and keep your transactions anonymous while transacting on the network.
- Don’t expose your bitcoin address to the public.
- Generation of a new address for every transaction you make on the network. This will keep your digital currency from getting stolen via the address.
- Make sure you use wallets that allow you complete control of your digital currency.
Even after all this, you need to make sure that you follow certain instructions carefully to keep your transactions anonymous and addresses private and hidden.
For this purpose, a good option is that you can start using Anonymous Bitcoin Wallet.
- Anonymous wallets, do this thing the best. They enable the users to generate new addresses for every transaction that’s made and ensure that the transactions are safe and secure.
While bitcoins are a vast topic, keeping transactions safe and anonymous is an even bigger and more debatable topic.
It’s crucial to use anonymous wallets, but it’s even more important to understand the options available in the market, and their features.
Let’s start discussing.
Most of you must be curious to know how we create an anonymous wallet, right? And how to ensure that we use it correctly, so it generates the best results while also keeping the transactions safe and secure?
We have you covered!
This blog is about comprehending our readers what options they have and ways they can keep themselves safe and secure while transacting on the network.
Traditional systems of making transactions, basically the ones you make using a debit or credit card/bank, you’re immediately exposing your identity since it consists of your private information.
They know how much you are sending/receiving and who you are sending to and receiving from.
And that’s where Bitcoin over-weighs this feature. Bitcoins allow users to make transactions without the involvement of a third-party channel. The trade is conducted on an enterprise level, ensuring safety and security and also on a peer-to-peer basis, meaning without any mediator channels being involved. Bitcoins as we know are pseudonymous and are linked to a Bitcoin address, which fortunately does not have any data that consists of your personal information.
And the main aim of enabling users to transact anonymously is to eliminate intermediaries and protect the privacy and personal information of users.
On a serious note, you should always make sure that your transactions remain anonymous, especially when you’re making your first bitcoin purchase.
This is because once someone has your address, the Bitcoins technically belong to them. You cannot know who the person is, you won’t be liable to get any help from the law, as the bitcoin address is not associated with an individual’s identity, so it is untraceable. When you make transactions and stake bitcoins on the blockchain network, it’s your responsibility to ensure that your private keys are your own and they are secure and anonymous.