Bitcoin is the most common decentralized currency in the world today. The bitcoin network was created in January 2009 and its main purpose was to allow people to store and transfer money more securely. Bitcoin’s popularity grew remarkably when entrepreneurs realized that it is possible to have a currency that moves 24/7 without the need to carry it around physically.
Initially, bitcoin was meant to be anonymous meaning that no individual could trace your transactions back to the source. With time, however, it was discovered that bitcoin just like all the other online currencies are not completely anonymous. This is because all bitcoin transactions online are recorded on a public ledger and therefore anyone with experience and knowledge of how cryptocurrencies transactions work can be able to scan the information and trace all bitcoins back to their owners.
However, it’s not all gloom for you if you want to anonymize your bitcoin transactions online. One of the best things you can do is to get the best bitcoin anonymizer service to help you hide your identity. Tumbler Bitcoin Mixer and Anonymizer services are completely anonymous and they will never ask for your name, email address or any other personal identification information.
What Is A Bitcoin Anonymizer?
A bitcoin anonymizer is an online software that converts your bitcoins into a completely anonymous coin. For example, the software can convert your bitcoin to a privacy coin known as Monero. Once this is done, the software will then convert your Monero coin back to a fresh and completely untraceable bitcoin. This process takes about six hours and you will be required to pay a service fee that is agreed upon with your tumbler site. After allowing your bitcoins to sit in the tumbler site for about six hours, you can now send the new bitcoins to any address of your choice without your address.
Is There A Difference Between A Bitcoin Mixer And A Bitcoin Anonymizer?
Yes. A bitcoin mixer typically takes your coins and mixes them in a pool with other bitcoins. The shuffling in the pool creates a large number of cryptographic transactions. The tumbling software shuffles the addresses and this makes it very difficult for anyone to identify specific transactions. Once this is done, the software then sends each of these coins to random accounts based on the specific amounts each wallet is supposed to receive. Even though each bitcoin you receive does not become 100% anonymous, it is very difficult to determine where it came from after this process because all the existing links are cut off.
Let’s look at a few ways on how you can anonymize bitcoin online.
If you want to avoid being tracked down digitally, the following steps can help you use your bitcoins anonymously.
1. Use a Tor Browser to Stay Anonymous
The Tor web browser is a browser that anonymizes your traffic on the internet making it easier for you to protect your identity online. You can use a Tor browser when connecting to a bitcoin network to create anonymity and surveillance-free usage.
The Tor nodes encrypt and route internet traffic to other random computer nodes within the Tor network before they reach their final destination. This makes it very difficult to determine which IP address or system the message was broadcasted from.
This simply means that all your transactions online cannot be pointed towards your IP address and this can help you stay anonymous. However, if you are using KYC (know your customer) enabled bitcoin sites, then Tor will not be very useful.
2. Always Use a New Web Address for Transactions
In order to improve your privacy online it is important to avoid reusing addresses. Be sure to generate a new address every time you receive a new transaction. This is very important especially if you use a bitcoin wallet to store your wealth. If someone from whom you brought BTC from tracks your address chain on the blockchain and finds out that you have accumulated bitcoins in the thousands, you could be at risk of getting robbed and losing your hard-earned bitcoins.
3. Use Logless VPN
A logless Virtual Private Network does not store your history of activities on its servers. It does this by encrypting all of your internet traffic through multiple servers before it arrives at its final location. Logless VPNs also maintain shared IP addresses and therefore it becomes very difficult to trace an individual’s identity. When you use logless VPN to connect with your bitcoin clients, you can greatly improve the privacy of your transactions. However, you should only use trusted VPN service providers to avoid getting compromised.