Post
Topic
Board Beginners & Help
Re: Using Bitcoin While Maintaining Protection of privacy
by
Baofeng
on 18/05/2023, 23:03:45 UTC
Is my privacy truly safeguarded? Despite Bitcoin offering anonymity, privacy concerns persist. There are numerous techniques available today that can unveil connections between Bitcoin addresses, transaction patterns, and the true identity of the address owner. It's important to note that while tracking transactions on the public ledger of blockchain technology doesn't reveal the intricacies of Bitcoin transactions and public keys, it may facilitate the linking of multiple addresses together for further analysis. Virtual Assets Service Providers retain transaction data for Bitcoin addresses associated with exchanges, custody wallets, and custodians that cater to individual and business clients in the cryptocurrency space. The information collected during registration, known as Know Your Customer (KYC), enables the tracking of a user's real-world identity. These data can be connected thanks to the use of blockchain technology. Additionally, you can trace your Bitcoin transactions using tools such as Bitcoin Explorers and other similar resources.  I will be glad to get more contributions on how I can maintain more privacy.

Maybe you want to try Bitcoin mixers to hide and not connect your identity to any KYC Bitcoin addresses.

Or as one of the best way is to have your own bitcoin node. (https://bitcoin.org/en/bitcoin-core/).

Or as what others suggested TOR could also be a good layer for your privacy. Another helpful thread:  Identity Security: A Newbies' Priority by @KingsDen

You can also used this guide: https://www.privacyguides.org/en/