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Important: Before proceeding with this tutorial, make sure you have read and understood our Bitcoin and Cryptocurrency Security Best Practices Guide. The advice provided regarding trading cryptocurrencies and/or Bitcoin is for informational and educational purposes only and does not constitute financial advice or investment recommendations. The cryptocurrency market, including Bitcoin, is highly volatile and involves significant risk. Any investment decision or transaction made based on the information provided is the sole responsibility of the user. We strongly recommend that you conduct thorough research, consult professional financial advisors and consider your financial situation and risk tolerance before engaging in any cryptocurrency and/or Bitcoin related activities. We are not liable for any loss or damage arising from the misuse of the information provided.
I wonder how Get a cryptocurrency wallet completely anonymously?
In this article, I will show you how to buy a wallet anonymously. No one will be able to trace it back to you.
Table of contents
Bitcoin anonymous?
The first thing to know is that Bitcoin is not anonymous..
Just like other cryptocurrencies that run on Blockchain.
Why? Simply because of its basic design, which was the goal of Satoshi Nakamoto.
- Bitcoin is based on a decentralized technology called blockchain, which is a public, distributed ledger of all transactions.
- All Bitcoin transactions are permanently recorded in blocks on the blockchain.
- This record is public, which means that anyone can access it and verify all transactions that have been made.
However, just as they were able to create a pseudonym without it being directly linked to their real identity, others can achieve the same thing, and there are different ways to do so.
Transaction tracking capability:
Anyone can track transactions from a Bitcoin address using their web browser. The user’s identity remains anonymous, but hacks can occur, for example, if it is done from a KYC-compliant exchange or exchange wallets.
In explorers like this, you can see this information:
- Blockchain Explorer
- Block chair
Most cryptocurrencies use a distributed ledger technology called blockchain, which is essentially a public, decentralized ledger. As with Bitcoin, you can use block explorers specific to each cryptocurrency to track transactions, check address balances, and get detailed information about network activity.
Staying anonymous online is hard:
Achieving 100% anonymity online is difficult, as we leave traces with every online activity. Although there are ways to protect identity. How? With wallets that do not link this identity.
There are no completely anonymous wallets:
No wallet can escape the public nature of the Bitcoin blockchain. Transactions can always be traced, especially through services that comply with KYC/AML policies.
Alternatives to increase anonymity:
Despite the transparency of Bitcoin, there are wallets that have greater anonymity. You can buy them without them being directly linked to you. But as we mentioned before, be careful about the transactions you make using this wallet. Especially from central exchanges..
Which wallet do I recommend buying?
There is no doubt that this wallet is cold. First, it remains offline, which reduces exposure to potential online threats that could compromise privacy. Reduce cyber attacks on your money.
How to buy a wallet anonymously:
1. In physical stores:
There are stores, like Best Buy, where you can buy your wallet completely anonymously. Just like buying any other product, pay with cash, and you’re good to go.
Among its products, you will find different hardware wallets that suit your needs, such as Ledger or Trezor.
Additionally, once you have your cold wallet, you can load crypto anonymously from any of their ATMs. The great thing is that these machines are available in many locations, like Coinflip, and there is likely to be one near you. Furthermore, they continue to expand their network of ATMs over time.
2. Online using Bitcoin:
If you prefer a more convenient option, you can buy directly online from Material Bitcoin. Simply visit the store, choose your cold wallet, and choose cash on delivery as your payment method.
This wallet cannot be linked to you in any way. Material is under no obligation to share any information with anyone. In fact, we do not know the address of the painting you purchased.
For us, all boxes are the same.
Every physical painting we produce has a unique address worldwide, and each one is special.
However, in our warehouse we only have a large number of plastic wrapped boxes, all identical and ready to ship to customers.
Hence, even if we wanted to, we lack any useful data that we could provide to anyone.
As you can see, there are several easy and accessible ways to maintain your privacy. Do you know of any other ways?
I’ll be waiting for you in the comments! 💬
