Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Bitcoin is the most popular cryptocurrency on the internet, founded by a person named Satoshi Nakamoto. His main goal was to create a truly decentralized financial system without having to rely on centralized party like Banks. Moreover, he also wanted to make it possible to send money anonymously.
In this article, we will show you what bitcoin is and how to exchange bitcoins anonymously. Keep on reading to find out.
By the end of this article, you will understand how to exchange bitcoins anonymously without revealing who you are.
Is Bitcoin Really Anonymous?
Before answering this question, let’s talk about how the financial systems in real world work. When you spend your money to buy something using your credit card or bank account, your transaction history is logged by your financial institutions. This can be both good and bad. Since your bank has all of your personal information it is easy for them to track down your transactions. Moreover, when you send and receive money electronically, the bank knows how much money you send and to whom the money goes.
However, this is not the case with Bitcoins. When you do transactions by using Bitcoins, no other parties can see the transactions since they are done by using internet peer-to-peer technology. It means that third party such as banks are not needed to do the transaction process. On top of that, your Bitcoin Address is anonymous since it doesn’t reveal your private details such as your name and home address on it. The bitcoin address is just a bunch of random characters like this: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. Here’s a fun fact, the bitcoin address I just mentioned before was the first Bitcoin address ever created and it belongs to Satoshi Nakamoto, the father of Bitcoins.
If you want to remain anonymous when buying Bitcoins, you must not reveal your identity when giving your Bitcoin address to anyone as the blockchain can be viewed by anyone willing to see it.
How To Exchange Bitcoins Anonymously?
You can get many benefits by utilizing anonymous cryptocurrency exchange platforms. Some of the perks are it can maintain your privacy and you can do faster transactions than traditional exchanges.
So many people are worried about revealing their identities when doing online transactions using Bitcoins. For this reason an anonymous exchange service is required in order to establish private and secure transactions.
How To Exchange Bitcoins Using DEXchange
DEXchange.me is an anonymous cryptocurrency exchange service where you can sell and buy cryptos without having to make an account. It offers DEX or decentralized exchange to make every transaction confidential. Furthermore, DEXchange.me offers support to most cryptocurrencies to provide reliable transactions. In conclusion, DEXchange.me can provide truly anonymous crypto exchanges that enables people to trade cryptos without fear of being logged or monitored by anyone. And you can start here Anonymous BTC Swap
DEXchange.me does (exactly) what it says on the name. It is a decentralized exchange and no one can control it. The users themselves are the ones who control the exchange processes and it doesn’t depend on any third party helps like banks or other institutions that can make you identifiable.
DEXchange.me’s user interface is straightforward and intuitive. The design is so simple and it has easy-to-use navigation and everything is clearly labeled in order to make anyone even beginner can start exchanging cryptocurrencies right away.
Tips To Make Your Bitcoin Transactions Anonymous
If you want to buy and exchange cryptos anonymously, there are few tips you can do.
- It is recommended to use a VPN or Virtual Private Network to hide your internet activity from your Internet Service Provider. VPN creates encrypted tunnel between your computer or smarthphone and the VPN server.
- Use Tor (The Onion Router) Browser in addition to VPN in order to provide even more anonymity. Tor Browser is a very secure web browser and it is designed primarily to protect your privacy. It prevents your activity from anyone even government. They will not be able to tell what you are doing inside Tor Browser.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.