Is Bitcoin actually anonymous?
Bitcoin beginners assume that all cryptocurrencies are anonymous. That’s far from the truth. Blame that idea on movies and popular culture. Especially over the last few years, computer scientists and financial fraud experts have proven that Bitcoin transactions can indeed be traced. It’s not easy to do and it requires a lot of mental gymnastics, but it’s also not necessarily proper to label Bitcoin as totally anonymous. The better label rather is to call Bitcoin pseudo-anonymous. It sort of is and sort of isn’t.
This guide will touch on how Bitcoin privacy relates to gambling and whether or not participating in private Bitcoin transactions is both safe and legal.
It’s time to pull back the curtains on Bitcoin privacy and reveal everything it takes to truly maintain anonymity in the world of digital money.