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Author Topic: When Receiving a Bitcoin Payment, What Information Is Made Publically Available?  (Read 630 times)
techrun
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May 31, 2015, 04:41:42 PM
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Hi Guys

If you want to be paid by Bitcoin, then:

- What information do you have to give to who is paying you?  Is it just a Bitcoin address?

- What information becomes publically available after payment has been made?  I understand that the Bitcoin blockchain is a public ledger, so what information about your transaction (and you) becomes available after you receive the payment? 

Thanks
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Aggressor66
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May 31, 2015, 04:48:10 PM
 #2

Hi Guys

If you want to be paid by Bitcoin, then:

- What information do you have to give to who is paying you?  Is it just a Bitcoin address?

- What information becomes publically available after payment has been made?  I understand that the Bitcoin blockchain is a public ledger, so what information about your transaction (and you) becomes available after you receive the payment? 

Thanks

https://blockchain.info/Resources/PrivacyPolicy.pdf
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May 31, 2015, 05:03:51 PM
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yes you need only BTC address to receive bitcoin payment, after you receive payment others can track your bitcoin address transaction as blockchain is public ledger
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May 31, 2015, 05:10:59 PM
 #4

Hi,

If you're just receiving bitcoin, it's as simple as just sending them your btc address. All transactions are recorded on the blockchain, so your wallet balance and any further transactions you make will also be recorded. It's recommended that you generate a new address each time you receive a payment though it's not essential.

If you are worried about people tracking your transactions you can use a mixing service to launder your coins, bare in mind if you are using a clearnet mixer your ip address would very likely be recorded so you would have to take further steps to retain anonymity (like VPNs, Tor etc).

It's explained in more detail here:

https://bitcoin.org/en/protect-your-privacy

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May 31, 2015, 05:27:03 PM
 #5

Hi Guys

If you want to be paid by Bitcoin, then:

- What information do you have to give to who is paying you?  Is it just a Bitcoin address?

Correct.  The only information that you need to give to someone that is sending you bitcoins is the bitcoin address.

- What information becomes publically available after payment has been made?  I understand that the Bitcoin blockchain is a public ledger, so what information about your transaction (and you) becomes available after you receive the payment?  

Thanks

When the payment has been made, it will be permanently publicly known exactly how many bitcoins were received at that address.  It will also be publicly know which previously unspent outputs were used as inputs to fund the transaction.  If the transaction included more than one output (paid more than the one address), then the exact amount of bitcoins sent to each additional output will also be known.  Eventually, when you spend those bitcoins that you received, any other unspent outputs that you include to fund the transaction will be known.

Depending on how you structure the transactions that you spend, and how you use the addresses where you receive bitcoins, it might be possible for the public to make an educated guess about what other addresses are likely under control of the same person.  Depending on how many unique peers you are connected to, and what information they are sharing about the connections they have established, it might be possible when you spend those bitcoins for some people to determine the IP address that was used to initially broadcast the transaction.

Depending on how well you protect your privacy, and how much information you (or anyone you transact with) publicly share about any of your addresses or transactions, it might be possible for some people to determine more about you.

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May 31, 2015, 07:22:22 PM
 #6

Yes, you only need BTC address to receive BTC.

Public information about transaction:

- BTC ammount
- sending bitcoin address
- receiving address
- transaction ID
- time of transaction

Fore more info check: blockchain.org
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May 31, 2015, 07:46:36 PM
 #7

Yes, you only need BTC address to receive BTC.

Public information about transaction:

- BTC ammount
- sending bitcoin address
- receiving address
- transaction ID
- time of transaction

Fore more info check: blockchain.org

Don't spam. DannyHamilton has summed it up well. You don't need to make a rephrased post which you obviously missed a few things. Please avoid this if you value your account than payment.

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June 01, 2015, 07:13:25 AM
 #8

In some countries with all of these KYC/AML rules and regulations the exchanges and wallet providers require you to give more information than would normally be required.

If these companies are breached, a lot more information will be availlable.

You did not say, if you speaking from the perspective of a individual or a company .... Most businesses use 3rd party payment processors and most of them have to adhere to these KYC/AML rules and regulations.

As a individual you have to make some extra effort to be anonymous.. but it was explained, so I would not be going into that. {Tor / VPN's / Single use addresses etc}

I hope you are asking this to protect your financial privacy and not to use this for uhmm how can I put this...? { Shady intentions }  Sad



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Rainbot
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June 01, 2015, 03:32:43 PM
 #9

Yes, you only need BTC address to receive BTC.

Public information about transaction:

- BTC ammount
- sending bitcoin address
- receiving address
- transaction ID
- time of transaction

Fore more info check: blockchain.org

Don't spam. DannyHamilton has summed it up well. You don't need to make a rephrased post which you obviously missed a few things. Please avoid this if you value your account than payment.

So why you spam and say I am spaming.

I just try to be helpful and write short and clear answer.

p.s. (I didnt read DannyHamilton post)
much the fods
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June 01, 2015, 05:19:43 PM
 #10

the sending and recieving addresses, as well as the amount sent
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