While using bitcoin there should be privacy

[Oshosondy]

Nowadays, I noticed there can still be privacy while using bitcoin for any purpose, but many people do not even know anything about crypto privacy, all they know is to use bitcoin.

Could you believe some people do not even know what wallet is?
I have seen some people not knowing what bitcoin wallets are. If you asked them what is bitcoin wallet? They will answer saying 'bitcoin wallets are the device for saving bitcoin'. This is actually wrong.

If you asked them example of bitcoin or crypto wallets?
They will answer listing binance, bitfinex, Kucoin, bittrex, yobit, trust wallet, coinbase, freewallet etc. Wrong answers.

Please are these wallets?
They only list common custodial wallets and exchanges, and infact some of the exchanges have been hacked before. How can someone that do not know what an exchanges are know what wallets are, all what they know is that bitcoin is stored in wallets and binance is an example. There are wrong.

Ignorance is the key to the reasons these type of people are scammed and lack privacy
This is clear, I believe you will agree with me, if they are not ignorant, they will know about p2p exchanges, noncustodial wallets and how to make sure their privacy is not affect.

P2P exchanges are the best
People need to educate themselves all about crypto before even starting to use one at all. I noticed there is still privacy in crypto but ignorant users that called binance a wallet do not even know what privacy is, registering on exchanges with stringent verifications, this is not right. I will tell them to always learn and know how to use p2p exchanges which require no verification, that is why I will always like p2p exchanges.

Using only wallets that connect you to blockchain is safest
Using wallets that require email or private key is not best at all, I remember when Satoshi created bitcoin core wallet, it has private keys, and if difficult to use for a start there are still many wallets that follow the rules of privacy like hardware wallets, if expensive there are still wallets that cost nothing than downing their software on phones and computers that follow the rules of privacy unlike third party wallet which has no privacy. I can not use third party wallets, not possible.

Revealing your privacy makes your fund not to be private, also never use kyc payment methods
If I have conbase, and I use credit card or other payment method that have enough identity of me, my privacy is completely lost in connection to the bitcoin I bought with the card and also in connection to the wallet I used. Very possible this can be used to track any wallet or exchange I send the coins to. That is why I like p2p exchange.


The use of bitcoin ATM, best way to 100% privacy
I suggested another idea below how privacy can be 100% but I will like people to talk about this, I think with bictoin ATM for depositing bitcoin into blockchain through keys in wallets, I think this is a good idea to 100% privacy as p2p exchange may not be sufficient. P2P may not lead to 100% privacy.

I want to ask you a question, I will like your answers

1. Is my opinion right about privacy?

2. Is it possible hackers can become a thief as technology is advancing or even now, know your custodial wallet or exchange and use the custodial wallet or exchange to know who exactly you are, come to your house one day just to come and forcefully steal your bitcoin? To me it is possible and I will always like privacy.

3. What is the best way to privacy? I will choose bitcoin ATMs

[jackg]

There are probably lots of differences of opinion, I have 2 separate wallets for example: one for funds I buy from kycd exchanges and ones from elsewhere...

I don't know about the trust of p2p exchanges yer, how do you verify a banking transaction?. There are ways to improve privacy but I doubt you'll ever have full privacy anywhere... Bisq is quite secure for example but a person has to verify a bank transaction and I don't know how prone that could be to social engineering.

[Oshosondy]

There are probably lots of differences of opinion, I have 2 separate wallets for example: one for funds I buy from kycd exchanges and ones from elsewhere...

I don't know about the trust of p2p exchanges yer, how do you verify a banking transaction?. There are ways to improve privacy but I doubt you'll ever have full privacy anywhere... Bisq is quite secure for example but a person has to verify a bank transaction and I don't know how prone that could be to social engineering.

You are right, but what about using bitcoin ATM, I will add it to it, with bitcoin ATM privacy can still be 100%. But, there is no much bitcoin ATM for now but their number is drastically increasing.

[RapTarX]

The average number of people using bitcoin neber bother about privacy. They use CEX with KYC verified accounts. They use custodial wallets for storing their BTC. To them, privacy concern is way more low. Without the average number of people, BTC won't be getting the adoption its dreaming to.
Not being concerned about privacy isn't a big deal for everyone.

[CucakRowo]

Imo, you have conveyed all of that correctly. Most of my friends (who do not care about privacy), still think that storing their assets in exchange walllet are still considered quite safe. And the worse part, they do not care (or doesn't care) about this motto "Do not have your own private key, meaning you do not have the money".

Some people still think that large exchanges such as binance, coinbase, etc., are still a safe place to store their assets. Education like this is what should be often echoed, not justabout profit or low fees when doing some transactions.

[Charles-Tim]

1. Is my opinion right about privacy?

2. Is it possible hackers can become a thief as technology is advancing or even now, know your custodial wallet or exchange and use the custodial wallet or exchange to know who exactly you are, come to your house one day just to come and forcefully steal your bitcoin? To me it is possible and I will always like privacy.

3. What is the best way to privacy? I will choose bitcoin ATMs

1. You are right about privacy, but to fully maintain 100% privacy seem almost impossible, while using p2p exchnges, you will still need to register your account number on most exchanges or means you will use for the payment.

If through meeting people is another p2p, so far the person know you, it is not private again. I am not diluting the fact that p2p exchnges are excellent but I will prefer using crypto atms.

While using crypto atms, no camera like bank atms to video, your transaction is so private and I will also suggest it to be the best.

2. There is nothing impossible, and that aside, this can subsequently leads to phishing attacks be it through email or impersonation.

3. Like you have suggested, bitcoin atm is the best but only few are available in the world for now.

[jackg]

You are right, but what about using bitcoin ATM, I will add it to it, with bitcoin ATM privacy can still be 100%. But, there is no much bitcoin ATM for now but their number is drastically increasing.

Unless you have a technical problem and need to give them your name/mobile number... I was thinking about an atm and then remembered they're only in our major cities here (I think there's quite a lot in the UK anyway) but you can still be tracked more traditionally through things such as cctvs and if you make a purchase via a card for example in the same store then they might be able to work out who you are...

(I'm also fairly sure a surcharge is added but it definitely seems quite private)...

[MrcMrc]

I do not care much about crypto privacy, the reason is that I have little amount. The more the amount of bitcoin you having the more the privacy should be increasing because the more hackers will be likely willing to trace your transactions and looking for ways to steal from you.

In that case, crypto atm will be a good option but thinking privacy can not be 100%, I do not think this is possible because it is not even advisable to use crypto atm for transactions that are high, I can not want to deposit 1 million dollars and use crypto atm, it is even dangerous to take such amoint of money to crypto ATM, the best for these are still OTC. So, if we take deep look into this, we will notice privacy can not be 100%.

[CucakRowo]

I do not care much about crypto privacy, the reason is that I have little amount. The more the amount of bitcoin you having the more the privacy should be increasing because the more hackers will be likely willing to trace your transactions and looking for ways to steal from you.

Did you know, people who are really rich will treat their money (investment) in same way. The way they treat their cents is more/less the same when they treat their large amounts of money. its all about behavior.
Same as humble leader. They will treat persons equal.

[Ryker1]

The average number of people using bitcoin neber bother about privacy. They use CEX with KYC verified accounts. They use custodial wallets for storing their BTC. To them, privacy concern is way more low. Without the average number of people, BTC won't be getting the adoption its dreaming to.
Not being concerned about privacy isn't a big deal for everyone.

Well, you have a point here. Perhaps people understand that the crypto and privacy itself aren't much important as long as they did not have any illegal activities. Privacy is not the important because bitcoin transactions can be tracked but not directly to the person where the bitcoin comes from.
Indeed, --if you notice that most traders prefer to use CEX than DEX even they know that there is a KYC verification on CEX. Because they have nothing to hide to care their privacy.

[pixie85]

1. Is my opinion right about privacy?

2. Is it possible hackers can become a thief as technology is advancing or even now, know your custodial wallet or exchange and use the custodial wallet or exchange to know who exactly you are, come to your house one day just to come and forcefully steal your bitcoin? To me it is possible and I will always like privacy.

3. What is the best way to privacy? I will choose bitcoin ATMs

Privacy is very important but I don't agree with you about ATMs being 100% private. They are placed in public spots for a reason. Try to find an ATM that isn't watched by cameras and doesn't scan your ID and you'll see that it's not easy.

It's very possible that some people will find out about your coins through hacks or database leaks but it's the same with cash. When you pay a lot with cash there's a chance someone will tell a group of his criminal friends where you live or the plates of your car and they'll track you down and break into your house.

[Oshosondy]

Privacy is very important but I don't agree with you about ATMs being 100% private. They are placed in public spots for a reason. Try to find an ATM that isn't watched by cameras and doesn't scan your ID and you'll see that it's not easy.

They are placed in public place makes it dangerous too but about the camera, bit coin ATMs do not come with camera.

[LbtalkL]

When you do KYC on a particular platform at least once in your life, there is a possibility that it will be compromised someday so there is no such thing that is 100% privacy, even p2p the platform sometimes requires you important details. As you said bitcoin ATM is the best choice but there are only few of them, We have bitcoin ATM in my country but only on capital city which is unfortunate. ATM has a camera on it so your privacy is still not secured.

[Maus0728]

Using only wallets that connect you to blockchain is safest
Using wallets that require email or private key is not best at all, I remember when Satoshi created bitcoin core wallet, it has private keys, and if difficult to use for a start there are still many wallets that follow the rules of privacy like hardware wallets,

Even if you have the full authority of private keys in your hand and as long as you are trusting your bitcoin transaction to nodes owned by the wallet manufacturer or to the people behind that non-custodial wallet, privacy is still not guaranteed simply because the people behind those wallet can manage to bind your bitcoin address to your IP Address. Therefore, running your full node might be the best option if you want to take advantage of increasing your privacy.

3. What is the best way to privacy? I will choose bitcoin ATMs

https://bitcointalk.org/index.php?topic=5260058.0 most of the answer within this thread will give you an idea on how to achieve optimun privacy.

I can't vouch most of them since I am still at the experimentation stage on how to achieve or improve my privacy as well.

[NeuroticFish]

Could you believe some people do not even know what wallet is?
I have seen some people not knowing what bitcoin wallets are. If you asked them what is bitcoin wallet? They will answer saying 'bitcoin wallets are the device for saving bitcoin'. This is actually wrong.

I am not surprised. Some 5 years ago I've met people thinking that Internet Explorer is the internet (!).
Back to Bitcoin, while the technology, blockchain, transaction processing, lightning and so on are advancing nicely, the education part is two steps behind.

People don't know what's a wallet, don't understand that the wallet doesn't actually hold the coins, don't know about the problems of custodial so-called wallets, don't know that being careless may cost them, don't know how to properly use a wallet, what's a transaction, how to adjust the fee, what is the problem with the small inputs, the confirmations and the fact that 0 confirmations can be tricky... and so on.
Learning to care about their privacy, as you see, is not even on the first list of things they are missing.

I guess that educating people would necessary, but people are usually lazy about reading and may do that only after they've done something really wrong. Also for whatever reason they may miss the correct info or not trust it. (keep in mind that many still start their search for Bitcoin from bcash website)

[20kevin20]

Privacy is very important but I don't agree with you about ATMs being 100% private. They are placed in public spots for a reason. Try to find an ATM that isn't watched by cameras and doesn't scan your ID and you'll see that it's not easy.

They are placed in public place makes it dangerous too but about the camera, bit coin ATMs do not come with camera.

Most ATMs actually have cameras and are strategically placed so that they can both capture your face and QR codes at the same time. If you want privacy using an ATM, that means following a non-tracked way (streets without cameras) to the ATM with enough stuff on your face to cover your facial features. And I am quite sure that would trigger a KYC especially as some ATM chains verify txs live with the help of a human being.

[Text]

To me, you don't have to call 100% privacy no matter what that method is. Maybe all that matters is how secure it is. You are right that many of you can actually encounter on social media without knowing too much about privacy. They will be giving their identity to untrusted platforms as long as the talk is about investments and income. They then said that they did not want to or that the police did not come to their house because of identity theft.

[o_e_l_e_o]

I do not care much about crypto privacy, the reason is that I have little amount.

This is the wrong attitude. Once you've let your privacy slip, it is very difficult if not impossible reclaim it. Further, privacy in bitcoin is about a lot more than worrying about someone stealing from you. It's about the freedom to do what you want with your own money without a government or third party sticking their nose in, deciding you aren't allowed, and dictating what you can and cannot do. Everyone should care about their privacy from their first satoshi.

Because they have nothing to hide to care their privacy.

The "nothing to hide" argument is complete nonsense. If you haven't done anything illegal and have nothing to hide, then please post your real name, real address, social media profiles, email addresses, passwords, and all your bitcoin and altcoin addresses. After all, you've got nothing to hide, right?

[Harlot]

Bitcoin ATMs in several countries from what I know also requires KYC verification from the user before they can actually buy it, from what I recall there was a topic about Finland recently requiring Bitcoin ATMs to have KYC verification for their customers. So I don't think any kind of services where it is centralized can make you achieve the privacy you are expecting even P2P services like Localbitcoin as well also requires KYC. So the best way for you to buy and sell cryptocurrency is direct P2P with escrow where no one asks for IDs or any kind of personal information from you to make that trade happen.

[bob123]

Using only wallets that connect you to blockchain is safest
Using wallets that require email or private key is not best at all, I remember when Satoshi created bitcoin core wallet, it has private keys, and if difficult to use for a start there are still many wallets that follow the rules of privacy like hardware wallets, if expensive there are still wallets that cost nothing than downing their software on phones and computers that follow the rules of privacy unlike third party wallet which has no privacy. I can not use third party wallets, not possible.

1) Every wallet has private keys. Otherwise you wouldn't be able to sign transactions
2) Using a desktop wallet does not guarantee you privacy (e.g. electrum: the server you are connected to knows all of your addresses, your balance and your IP address. This makes it extremely easy to track you).
3) Hardware wallets are just the hardware. You still need software as an interface. If you are using wallets like trezors web interface, ledger live or electrum, your privacy is not existent.

Revealing your privacy makes your fund not to be private, also never use kyc payment methods
If I have conbase, and I use credit card or other payment method that have enough identity of me, my privacy is completely lost in connection to the bitcoin I bought with the card and also in connection to the wallet I used. Very possible this can be used to track any wallet or exchange I send the coins to. That is why I like p2p exchange.

Not necessarily.
You could easily mix the coins by either using a mixer or coinjoin.

This will break any link between your original coins (tied to your identity) and the coins you later have in your wallet (which you will spend).

The use of bitcoin ATM, best way to 100% privacy
I suggested another idea below how privacy can be 100% but I will like people to talk about this, I think with bictoin ATM for depositing bitcoin into blockchain through keys in wallets, I think this is a good idea to 100% privacy as p2p exchange may not be sufficient. P2P may not lead to 100% privacy.

You never get 100% privacy.
Privacy can't be measured in percentage. You always have to include the anonymity set when talking about privacy.

With an ATM where cameras are directed at you and required KYC for amounts larger than X (like a few hundred $?) and where people can observe you while using them, i wouldn't call that privacy.