Quote from: Pahom on Today at 03:15:05 PM

Quote from: rid0052 on January 04, 2022, 02:41:23 PM

I'm here new have lot of queries regarding bitcoins, one of the main concern does bitcoin is privacy protected or not. As per my search bitcoin have less privacy. Each transaction is recorded on a distributed public ledger, i.e., on the blockchain, making users switch from bitcoin to other cryptocurrencies. People trust bitcoin because they have heard of a misconception that says bitcoin is a private system. But the reality is completely different, and users must understand that the bitcoin network is anonymous but not completely private.

This is just based on my search what does your experience said. Specially requested to senior members to elaborate this and help me out if I have mistaken.

That's right, Bitcoin is not private, everyone who monitors the blockchain can track your transactions. Every centralized exchange looks after its users so as to ban transactions if they are performing using dirty Bitcoin and to provide the government with the information in case they require. But actually, if you use mixers, you can become private.

Using the services of mixer can really give you the privacy that you need. But there are indeed other ways how to preserve such anonymous transactions. Like for example, use reputable exchanges that don't require KYC like kucoin. Once your funds got out from the exchange, they don't know who owns that address. I believe, it is only a matter of how you do your transactions here. Also, even if you are using different btc addresses, people will only know that its yours if you publicly tell that it is yours.