Bitcoin does not provide full anonymity

[Farma]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

true, I agree with this statement. Apart from that, I think the involvement of KYC also makes transactions on exchanges not completely anonymous, especially the fact that the transactions we make can be tracked from address to address. It's just that, I think at the moment, it's not as important and people have adapted to that. However, you can use a mixer to completely disguise the transaction you're doing just and do peer to peer transactions, however, if you use an exchange that requires KYC, it's still possible to trace it, especially for government people on the management side. tax.

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[PIMPdev]

I don't know why people still think that Bitcoin is fully anonymous. It's transparent and decentralized, this is the power of Bitcoin. For full anonymity, there are other coins like Monero.

[Blitzboy]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

true, I agree with this statement. Apart from that, I think the involvement of KYC also makes transactions on exchanges not completely anonymous, especially the fact that the transactions we make can be tracked from address to address. It's just that, I think at the moment, it's not as important and people have adapted to that. However, you can use a mixer to completely disguise the transaction you're doing just and do peer to peer transactions, however, if you use an exchange that requires KYC, it's still possible to trace it, especially for government people on the management side. tax.

KYC is nothing more than a leash that governments and centralized entities slap onto the necks of free-thinking individuals like us. People have "adapted," for sure, but at what cost? Getting less and less private? Its like putting on chains and saying, "This feels nice."

What are mixers? Ha! They're just a short-term fix. It might hide the deal for a little while, but if the government wants to see, they will. Consider it. You're dancing in front of the whole world, with all eyes on you. All they have to do is flip a switch.

KYC is silly! A plan to keep the power structures in place and control the story. Its not about being safe; its about being in charge. Whoever thinks otherwise is just not seeing how the game is really being played. But go ahead and use that brief cover that a mixer gives you to feel better.

[ancafe]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

You should try to separate the anonymous function from transactions, the blockchain is safe and is quite open to the public and if you intend to be more anonymous then do not use a centralized exchange that asks KYC to be completed, so you don't need to worry about tracking the transaction process that you run. Now there are many mixers that provide services without KYC and I think anonymity will be much safer when you use it. Transparent that is meant that all can be traced when we first download the wallet or after the transaction is carried out, but all that can be known is address the is not the actual identity of the owner of the address.

Therefore avoid any exchange that request KYC if you want to look more anonymous, bitcoin is much more respectful of privacy but will be quite transparent when involved in transactions. At least this system is much better than the system that has ever existed, both products offered by the government and from any institution that moves in groups.

[jaberwock]

Yes, absolutely right. But if one wants then he can completely remain anonymous as if he uses mixer to mix the coins and hence the Bitcoins cannot be tracked. Moreover now where ever you go, which service you use, you are asked for KYC, so yes without KYC you can’t withdraw Bitcoins into cash also. So practically if we see, then Bitcoins don’t exactly provide full anonymity. But it’s atleast better than these centralised banks.

There are also cryptos whose anonymity is much stronger than in Bitcoin. They are categorized as privacy coins. I think I can use them better if my goal is to hide my identity as they are straight to the point. There is no need for me to use a Bitcoin mixer as that is only a waste of time and a waste of money because these mixers are not free.

I think that there are still platforms which doesn't asked a KYC or they are not mandatory like they can only come out once you are dealing with larger amounts. We must understand that Bitcoin was created to counter the centralized currencies or to remove the third party, so we should not expect other things to it.

[The Cryptovator]

Have you come across any statements from Satoshi indicating that Bitcoin transactions will be anonymous? I haven't found any such statements. If there are no statements by Satoshi regarding Bitcoin's anonymity, then creating posts like these seems pointless. Bitcoin is meant to be decentralized, allowing you to be your own bank through a non-custodial Bitcoin wallet. Therefore, you should prioritize protecting your own anonymity if you prefer not to reveal your involvement with Bitcoin.

[Asiska02]

The fact that people still don’t know what bitcoin is all about and compare the function to being anonymous baffles me a lot. There’s indeed privacy and security in bitcoin but that does not guarantee you enough privacy when banking on a centralized exchange where your identity would have been known by them. Privacy and safety of bitcoin is more linked to using decentralized exchange but your transactions can still be traced whereby the true identity can be known since it is not displayed like the public key they can use to trace the funds to ones wallet address. Bitcoin is not anonymous but it gives you total control of your own funds unlike the traditional fiat banks who owns the full possession of your funds..

[Dr.Bitcoin_Strange]

It's true that every transaction is registered on the blockchain and can be tracked, but transactions can only be traced back to the real user who carried them out, depending on the platform the person is using to exchange and hold their Bitcoin. Some mobile wallets have the ability to store someone's IP, which can be tracked. Secondly, if one is using some centralised exchange that compels users to carry out KYC, most of those CEX as well store users IP. The only thing is that most users are very reluctant about their privacy, and we are still using some services that can still track our real identities through our Bitcoin transactions.

[taufik123]

-snip-
Secondly, if one is using some centralised exchange that compels users to carry out KYC, most of those CEX as well store users IP. The only thing is that most users are very reluctant about their privacy, and we are still using some services that can still track our real identities through our Bitcoin transactions.

and it cannot be denied, we still need CEX to exchange it for Fiat or P2P services which require using an account to send the Fiat, 100% privacy is still not possible.
Some CEX and Bitcoin exchange services that read IP and require KYC are subject only to the system that governs them.

Like CEX which must comply with the government, so the data will be owned by the government.
Full anonymity is still not possible if you and I still need Fiat.

[Fiatless]

I don't know why people still think that Bitcoin is fully anonymous. It's transparent and decentralized, this is the power of Bitcoin. For full anonymity, there are other coins like Monero.

The right word to use should be pseudonymous and not anonymous. The Bitcoin system is transparent and anybody can have access to check your transactions and how much you are worth if your address is known. That's why it is important to do everything possible to avoid revealing your identity to untrusted individuals or organizations. If possible avoid exchanges and other crypto services that asked for KYC. Total anonymity in Bitcoin transactions is complicated but mixers can be of good help. They will help to make the tracing of transactions more complicated for individuals and the government. But we also have roles to play to maintain our privacy.

[Outhue]

Bitcoin was never created to be anonymous in mind, there are some facts that shows that Bitcoin is far from been anonymous.

Bitcoin has a public address that can always be tracked back to an ip address or even to any exchange account, if the investigation is to be carried out properly, an identity will be unveiled.

Let's also not forget that buying Bitcoin isn't anonymous too, those exchanges where you swap your Fiat to Bitcoin all requires some kind of verification, such as driver's license or national identity cards.

Pseudonymous is the right calling word for Bitcoin instead of anonymous.

[Despairo]

Bitcoin was never created to be anonymous in mind, there are some facts that shows that Bitcoin is far from been anonymous.

Bitcoin has a public address that can always be tracked back to an ip address or even to any exchange account, if the investigation is to be carried out properly, an identity will be unveiled.

Let's also not forget that buying Bitcoin isn't anonymous too, those exchanges where you swap your Fiat to Bitcoin all requires some kind of verification, such as driver's license or national identity cards.

Pseudonymous is the right calling word for Bitcoin instead of anonymous.

But you could use many thing that will increase your privacy level, so it will not make you have no privacy when use Bitcoin.

The first task is avoid any centralized exchange or P2P that will ask KYC, use no KYC P2P e.g. robosats, agoradesk etc or decentralized exchange e.g. Bisq.

Second, use a non custodial wallet, run full node and use Tor to access it, no one will know your IP address.

Third, use Bitcoin mixer that will able to mix your coins and no one can link your old address with your new address.

[Gallar]

~Snip

The OP argument is indeed not wrong. Because the anonymity that exists in bitcoin is not always absolute or absolute. But does it hurt investors in bitcoin? and does it hurt investors in bitcoin? in my opinion of course not.
Because bitcoin really can be owned with an anonymous identity. Like pseudonyms created for wallets, and like pseudonyms used to buy bitcoins on crypto exchanges. Although, transactions made in bitcoin are public and it is possible for these transactions to be traced or tracked by other people. But back again, most investors in bitcoin, I'm sure most of them must have an anonymous wallet name or email name. So even though transactions in bitcoin can be tracked by anyone, even so, it's not certain that real identities can be found out. Because all identities associated with bitcoin, using anonymous personal data

So in conclusion, even though bitcoin does not have a very absolute anonymity system, in my opinion this is enough to be able to protect the identity of every investor in bitcoin. And most importantly, it doesn't harm investors in bitcoin and it doesn't disturb the comfort of investors in bitcoin. So in my opinion, the issue of anonymity discussion related to bitcoin does not need to be debated at length. Because there are also people who think that bitcoin doesn't always have to be anonymous, so everyone must have different thoughts about this, even though the majority of investors in bitcoin, do say that bitcoin users must be anonymous.

[arwin100]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

For transaction matters not really since every transaction you made has been record on blockchain so provably you cannot rely if you want to be anonymous with this coin. But eventhough with that it doesn't give any problem to its users since even by now mang people use bitcoin in anything they want. If they are worried about their traceability they can use mixers to wash their transactions.

[CryptSafe]

Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups.

I strongly believe that bitcoin transactions are very much anonymous when there are no third parties involved such as the exchange and in most cases organisations outside exchanges that requires KYC for verification purposes. Transactions can only be comfortably and conveniently traceable when there is a pieces of owners identity as a result of kyc undergone in line with regulations of the third party in question. These makes bitcoin holders vulnerable to identity leakage and counters the sole reasons for which bitcoin was founded.

Most of these happens as a result of government policies given to third parties if they must operate within their jurisdiction which makes them handicapped and left with no choice forcing their members to undergo kyc and their information stored on their data base which makes it easier for them to trace transactions and know owners of bitcoin assets.

[Mttewndew]

So, while Bitcoin transactions may not reveal the true identity behind the wallet addresses, they leave breadcrumbs that can be followed by the savvy investigators. It's like a digital detective story where the truth is hidden in the blockchain. So, embrace the pseudonymity, but remember that the dance floor is never truly.

[Ucy]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

Bitcoin gurantees Anonymity if you are running a full node. There is no way your private info could be leaked through the system unless you are connected through a centralized system like the typically internet or using things controlled centrally. Lack of gurantee for Anonymity means users true identities can be revealed through the Bitcoin system by hackers, govts etc.
The issue is with centralized system or single point of failure, and this could be fixed by also running the Bitcoin system through decentralized "Internet" or through other systems that guarantee privacy/anonymity with no one in the middle or more powerful entity to violate it. A properly decentralized system means power and control of system are equally distributed to its participants, and the ability to abuse the system by anyone is checked & prevented by everyone



Don't say Bitcoin is Anonymous... The name/identity which is not hidden is Bitcoin.  Better words to use are "Bitcoin is Anonymity-friendly", "Bitcoin is pro anonymity" , etc.

[serjent05]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

Most individual that have invested in Bitcoin already know that bitcoin doesn't offer full anonymity but that doesn't prevent us from investing in Bitcoin. We're not investing in Bitcoin because we want full anonymity but because we want full control of our money and Bitcoin offers that control fully therefore that's enough reason to invest in Bitcoin. We have to be careful individually so we don't exposed our Bitcoin address on social for it to be linked to us.

We invest in Bitcoin because we wanted to have profit not because we wanted to have full control of our money.  It is already given that when you own Bitcoin you get all the feature Bitcoin gives but why are we holding and hoarding it?  If we want to make use of the Bitcoin feature then we should have been using it for our transaction not holding it waiting for the price to uptrend and sell at our target price.

When an individual wants to improve their anonymity, they can make use of mixers or tumblers and make tracing of their transaction more difficult or impossible. The use of wallets that offers a new Bitcoin address for each transaction also helps in keeping us anonymous.

As long as we do not connect the wallet address to the centralized services that have our identity, it would be hard to track who owns that BTC.  Of course, mixing services give more privacy and anonymity and make tracking way harder than normal transactions.

[flyingcarpet]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

It is not necessarily a bad thing. There are fully anonymous chains (the most famous one is monero) too but they are not as widely adopted as bitcoin. It is because we still have to pay taxes and the government wants to know who their business partners are ( the taxpayers) KYC is becoming huge lately and anonymous chains like monero are dying off slowly. (pretty sad imo) In the end bitcoin's semi-anonymity will help it to survive through this mess. Would it be better if the government banned crypto completely? At least we still can trade and do business with bitcoin.

I think this system will go like this. So KYC on one side and anonymity on the other. Neither will completely destroy the other. I don't think this is a problem.

It is said that Bitcoin does not provide complete anonymity. Whether it is or not, I don't think that's what we should be worried about. It should be questioned why those who have anonymity problems have such a problem.

[carlfebz2]

Bitcoin is commonly referred to as "pseudonymous" rather than fully anonymous. Although transactions are registered on the public blockchain, the connection between wallet addresses and individuals' identities isn't direct. Nevertheless, transactions are traceable and subject to analysis. Additional information can potentially link specific transactions to certain individuals or groups. It's worth mentioning that privacy-improving methods can heighten anonymity while utilizing Bitcoin, yet absolute anonymity isn't an inherent aspect of the protocol.

It is not necessarily a bad thing. There are fully anonymous chains (the most famous one is monero) too but they are not as widely adopted as bitcoin. It is because we still have to pay taxes and the government wants to know who their business partners are ( the taxpayers) KYC is becoming huge lately and anonymous chains like monero are dying off slowly. (pretty sad imo) In the end bitcoin's semi-anonymity will help it to survive through this mess. Would it be better if the government banned crypto completely? At least we still can trade and do business with bitcoin.

I think this system will go like this. So KYC on one side and anonymity on the other. Neither will completely destroy the other. I don't think this is a problem.

It is said that Bitcoin does not provide complete anonymity. Whether it is or not, I don't think that's what we should be worried about. It should be questioned why those who have anonymity problems have such a problem.

Its Pseudonymous on saying about being anonymous on which we know that on the time that you would be touching up exchange platforms then this is where you would really be removing that anonymity but
in overall if you are really that making transactions p2p then there's no way on knowing on whose behind on that said wallet address. This is why it would really vary on such situation or condition that you are
really dealing with. So whats the big issue with this if it doesnt really offer that full anonymity? If you are really that minding about touching privacy coins then Monero or Zcash would be your choice
but if you do really still love on engaging with Bitcoin then its your choice. It is really just that hard not to make use of these exchange platforms specially if we are really that engaging with fiat conversions
and other centralized services which we do know that it is really hard to resist on specially if you are really that needing to make use of it. This is why we do make out those kind of choices.