[Yes I have already done a lot of research (and youtubed and googled for hours).]


1.) I am trying to make a payment to an online business that accepts bitcoin but want it so that my personal identity is totally untraceable.

I was told that to do this I need something like instawallet but now instawallet is not there anymore.

Can someone please clear this up for me on how exactly to do this.



2.) I am also wondering what the plusses and negatives are of using a wallet located on my own computer, as opposed to an online wallet.

Please also recommend the best ones


3.) I hear the mtGox is the biggest place to buy and sell bitcoin is there any drawbacks to using them? Can anyone recommend a better one and if so tell me why they are better.

Thanks