ARE CRYPTOCURRENCIES ANONYMOUSLY REALLY?
It’s a myth: Cryptocurrencies are anonymously and can not track, unknown and more things like this…
Real: Bitcoin, Ethereum and more cryptocurrency wallets and transactions (from where, to where and amounts) are visible to others, who knows your wallet address. In theory, the owner of a wallet is anonymous but in the real life, exchanges knows who you are and owns your all ID informations (including your picture), IPs, telephone numbers, e-mail addresses, bank accounts and more. Because, when you sign up an exchange, you make KYC (know your customer) correction and you broke the rule of anonymous with your own hands. Same time, the banks are knows everything about you and when you send money to your bank account from your exchange, the authoroties can make a connection with you and your wallet address and can track all transactions.
But, it’s possible, you can trade or invest cryptocurrencies really anonymously.
First of all, don’t use exchanges. Specially, local exchanges of your country. Because incase of any investigation, the exchange will give your all information and records to authorities and froze your assets with a court order. For international big exchanges, like Binance etc., it’s may be more hard and may take a more time but it’s possible too.
Use hardware wallets for trading. I can advise the Trust Wallet. You can sell and buy and swap your assets. But, be careful, don’t send coins from your Trust Wallet to an exchange or someone directly. You can use another second hardware wallet, for example you can use a second device or on same device but another hardware wallet. First, send coins to your second wallet and re-send from here and don’t use the second wallet address never again. Or you can use a coin mixer. Remember; more nodes are good for protect you from trackers.
Use a cold-wallet for investing. I can advise Ledger, I’m using it too. Send your assets to cold-wallet and forget them! Write the recovery phrases to a hard-copy paper and keep it on a secure place (not same place with your wallet!). The government or police cops or anybody can take forcely your hard-wallet from your hands but they can’t anything without your password or recovery phrases. Don’t tell the password to anyone, anytime! If possible, keep it in a bank vault not by your, your legal partners or your legal company’s name. Use a family member or trustworth friend.
Don’t use your coins for shopping a physical items by mail (or anyway deliver to your real address) or any legal payments with your real name. If necessary, first, transfer the coins between your anonym wallets a few times and mix the transactions well and the final wallet which you send the payment, don’t use it never again!
How you can change your coins with fiat cash? If possible, don’t it. If you must, don’t use the exchanges and banks. You can use P2P; basicly send coins to a real person and take cash from hand. You can use a physical exchange office, in many countries the exchange offices or jeweleries buys and sells digital assets. Or you can use a Bitcoin ATM near you. (Search where they are?)
And last words… The most secure and supporting anonymous coins are Dash, ZCash and Monero. Monero hides addresses of sender and receiver and amount. Also ZCash too with Zero-Knowledge Proof. And with Dash, you can send or receive coins via CoinJoin securely. (More options: Horizen, Verge, Beam.) You can use them safely.
