BITCOIN NOT SO ANONYMOUS!

[St. Patrick]

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.
 
Is this a True ?

[1714820624]

1714820624

[Ibrahim1337]

Bitcoin is not Anonymous, But its transaction is Anonymous.

[DenCho?]

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.
 
Is this a True ?

Of course it is True, if you some how show your name connected to any adress guys from fbi, anb and etc Will know it)

Of course you can use New adress generated from your public key every time to stay much more Private or some tx mixer services

[Maame Esi Sergio]

I don't support your claim. The anonymous description is about the transaction aspect of bitcoin. You do transfer bitcoin to wallet that you sure knows not the owner of the wallet. I think that is how the anonymous nature is applicable in this sense. I think it is completely anonymous.

[totktonuzen123]

It is not anonymous, but when you buy or trade or sell, you are anonymous. How do I seem to make a difference if you own bitkoyn and know about it, but you are an anonymous in terms of buying / selling.

[chocolah29]

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,

I'm quite unsure for your claim because as far as I know it's completely anonymous nor pseudonymous and it won't change even it will innovate.

but you still have a bitcoin address that’s static and so it could technically be linked to you.

It could be linked to you if you do a kyc to trading sites or on a third party wallet ( if you're using one ) but I still doubt it as they can't disclose this kind of information.

[samcrypto]

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.
 
Is this a True ?

Yes its possible especially if transact with your bitcoin address that is consist of your name in application. But I still thing that bitcoin is still anonymous as long as your address is comes from the hardwallet or even in an decentralized  exchange wallet. They can only see your transactions but its hard to know who owns that wallet.

[biskitop]

yes it's true, the transaction can still be checked through our wallet address. actually it also helps if you want to track whether there is money laundering action.

[2weent6]

You can only become anonymous if you don't connect your address into your personal details. Well, soon this market will no longer anonymous since KYC are being done everywhere and people have no choice but to provide their personal details. Most of the exchanges already done this thing.

[mk4]

Pretty much. The bitcoin blockchain is public, hence you can track every single transaction using block explorers. Though this might change in the near future as people have been proposing privacy features such as Mimble Wimble[1] that can definitely increase privacy and scale bitcoin at the same time.

[1] https://www.mycryptopedia.com/mimblewimble-explained/

[KonstantinosM]

The OP is misleading.
As long as you don't give away your IRL credentials and you don't allow them to be linked with your Bitcoin addresses and transactions, you are fully anonymous.

The moment some of your stuff gets linked to you, you still have some plausible deniability.

When you allow yourself to be KYC'd that's when you turn in your privacy (often for nothing in return). To whoever is KYCing you and to whoever is accessing their data (either when compelled by the authorities to give them up or the profit motive to sell your data and treat the customer as the product)

[Kakmakr]

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.
 
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 <like in my signature> 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. 

[vfrcbv911]

, but you still have a bitcoin address that’s static and so it could technically be linked to you.
 
Is this a True ?

Yes, you are right, but you can change the address of your wallet after each transaction and does it make bitcoin anonymous?

[coinwizard_]

Bitcoin is traceable and transparent on a public ledger. That is the beauty of the blockchain. If you want privacy you need to convert it to a privacy coin, monero uses ring signatures, or deeponion uses tor for anonymity.

[mikan111]

"Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information. However, achieving reasonable anonymity with Bitcoin can be quite complicated and perfect anonymity may be impossible.

Bitcoin is pseudonymous. Sending and receiving bitcoins is like writing under a pseudonym. If an author’s pseudonym is ever linked to their identity, everything they ever wrote under that pseudonym will now be linked to them. In Bitcoin, your pseudonym is the address to which you receive Bitcoin. Every transaction involving that address is stored forever in the blockchain. If your address is ever linked to your identity, every transaction will be linked to you.

In the original Satoshi whitepaper, it was recommended that Bitcoin users use a new address for each transaction to avoid the transactions being linked to a common owner. This would be the equivalent of writing many books under different pseudonyms. Although this remains a best practice, it is not enough to guarantee full anonymity due to multi-input transactions."
Source: https://www.buybitcoinworldwide.com/anonymity/

[agor]

Confusing topic

[Gozie51]

This topic is really debatable  . In an original transaction or first instance transaction, that transaction is anonymous as far as that "virgin wallet" is concerned but subsequent transactions to that wallet with that first address, it will not be anonymous because the whole transactions can be tracked to that wallet. In that circumstances, it will not be anonymous.

Also, if there is KFC on a platform/account where coins are eventually sent to, the coins are traced to the identity of that account and naturally, it will be obvious that whatever transaction that registers in from that account despite the different address is coming from the same wallet.

Those are examples of how it might not be anonymous but if it is a single transaction at a time, then it will be anonymous because you can't be sure of the sender identity.

[nazaididuan1]

All transactions in the cryptocurrency are recorded in the blockchain and all information is transparent!
The various analysis techniques of the modern social data era are very easy to track the true identity behind each bitcoin wallet address. BTC can only be said to be semi-anonymous!

[thesmallgod]

the word 'Anonymous' in revelant to bitcoin is define within the context of blockchain. the fact that bitcoin is said to be anonymous doesnt mean you identity cannot be revealed but bitcoin is designed to be used anonymously but with the emergence of so many third party cryptocurrency related business have make it possible for anonymity to be pseudoanonymous. many crypto exchange today do require kyc verification (most time not compulsory to limited withdrawal is attached) which means transaction history can be used to trace a user.

[Darker45]

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.
 
Is this a True ?

If what is only known of you is your Bitcoin address and not your personal identification, then you are already anonymous. You are doing transactions that are confirmed, approved, and successful without exposing any single personal information. That is anonymity already. And, in addition, you can always transfer your Bitcoins to different wallets so that your address will get to change also. You can also make use of mixing sites or trade your Bitcoin to other coins and vice versa.