Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and deep web
by
cabron
on 04/01/2020, 13:35:44 UTC
Hello!

so i recently heard about the deep web, how it uses bitcoin and how the transactions made there are anonymus. to my current understanding of bitcoin every transaction is written in the blockchain and is known and can be seen by anyone. so my question is where is the anonymus transaction written? and why can't you see it?



Main concept of anonymity in bitcoin transaction is that there is no way you can know which address belongs to whom. Like I have a bitcoin address if I dont disclose that I m behind that address no one will get to know that I am using this address. This is very helpful for people like me who dont wanna disclose there ID

One way for you to be identified is when your coin get into an exchange, you are a user will have to comply to KYC law before you can withdraw your funds. You can stay anonymous behind a wallet address until you need a fiat as well because banks or any other gateway will ask mandatory KYC again.

One way they do it is to use the mixers but I'm not sure this time because exchanges today are going freeze your account when they find out the BTC you sent has history.  If you are going to deep web I think using the privacy coin like XMR will be safer for you.