Are you a beginner wondering how to buy bitcoins anonymously? In this digital world, it is essential to ensure that you hide your identity to safeguard your privacy. However, this can be quite tricky since you leave digital footprints once in a while.
Since Bitcoin trading is part of the digital world, it can be challenging to be completely anonymous. As a beginner, it is essential to know that transactions in Bitcoin is pseudo-anonymous and not anonymous at the same time.
Therefore, you can easily be tracked. Nevertheless, if you want to trade anonymously, read this article to learn some of the things that you can do.
1.Use Bitcoin Mixer
It makes it impossible for any outside party to link the coin back to you. It attracts a service fee of 1-2.5% and takes up to 6 hours to complete the transaction.
To make your transaction anonymous, it converts your coins to a private cryptocurrency known as Monero. It then turns the Monero back to new coins making them completely untraceable. It only takes three simple steps:
- Enter the address and deposit the coins.
- The mixer mixes the coins
- You get untraceable bitcoins back
2.Use Bitcoin ATMs
Bitcoin ATMs are commonly found in large cities, and it is a natural place where you can start. The advantage of using these machines is that there is no one watching you, and it is not that challenging to get a prepaid debit card.
This prepaid debit card can lead anyone who tries to trace you through the paper into a wild goose chase.
Although some of Bitcoin ATMS will require a form of identification such as fingerprints, many of these machines do not need all that, most of these machines are buy-and-go stations making it easy for you to purchase Bitcoin anonymously.
3.Use Logless VPN
Another way that you can Anonymize Bitcoin trade is through the use of a virtual private network (VPN). A VPN is a technology that allows you to access the internet without keeping a record of your activities on the server.
It encrypts all of your internet activities and routes them to various remote locations before arriving at the final location. Some VPNs also have an option of sharing IP addresses among multiple users. This makes it difficult for anyone to trace and pinpoint your identity.
Therefore, you can use a VPN to improve your privacy when trading in bitcoins. However, it is important to ensure that the VPN you are using does not store any logs on the server. Examples of VPNs include VPNArea, NordVPN, AirVPN, among others.
4.Avoid Using the Same Address
When you use the same bitcoin address more than two times, it will reduce your privacy. It will be easy for others to easily trace who is in control over the applicable wallet address.
So, ensure that you always use a new address while trading in bitcoin. This is possible since most bitcoin wallets are HD wallets.
It means that it is easy for you to generate a new receiving address every time you purchase coins. This practice will ensure your anonymity when using bitcoin regularly. It will make it hard for anyone to link two or more bitcoin transactions back to you.
5.Use Cash to Buy/Sell Bitcoins
You can also Anonymize Bitcoin trade by doing face-to-face cash transactions. However, you need to be careful while doing this type of transaction. You can involve the services of a third party such as Escrow to ensure your money is safe.
6.Use Tor Browser
When trading in bitcoin, use the Tor browser when connecting with the bitcoin network. Tor is a browser developed by a community that believes in anonymity when it comes to internet usage. It is a free browser that you can download from the web and install it on your computer.
Tor nodes ensure that they encrypt and route your internet activities to a random computer on the tor network. This makes it difficult to pinpoint a specific IP address where a transaction happened.
In simple terms, when you use the tor browser to trade in bitcoin, your transactions cannot be traced back to your computer IP address.
Bitcoin trade itself is not anonymous, but it is possible to ensure you protect your privacy. You can use the above workaround solutions as a beginner to anonymize your bitcoin trade.