Post
Topic
Board Beginners & Help
Re: BITCOIN NOT SO ANONYMOUS!
by
Kakmakr
on 05/09/2018, 05:45:57 UTC
There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 Lips sealed Lips sealed Lips sealed
Is this a True ?



Yes, if you re-use a Bitcoin address at several different online retailers and they link your account details with that Bitcoin address, then Bitcoin is not anonymous at all. This is why most people refrain from re-using the same Bitcoin address for several different payments.

This is also why people use Mixer services to protect their financial privacy. You do not want to use one Bitcoin address and when you pay for something, people can simply drop that Bitcoin address into a Block explorer and see how much money you have.  Roll Eyes