How Can I Keep My Bitcoin Wallet Anonymous?

How Can I Keep My Bitcoin Wallet Anonymous?

You can keep your Bitcoin wallet anonymous with a little planning. Firstly, you need to create a pseudonym by which you can be recognized without giving your identity away. You create lots of pseudonyms in your life on the internet without any difficulty. The usernames that you select when signing up for services or social media platforms are essentially pseudonyms. However, these usernames are usually linked to some real-world form of identification.

You can create webmail accounts without giving any personal details. You can then use those relatively anonymous email addresses to access services. The next step is to prevent anyone tracing your Bitcoin payments through your IP address. This can be achieved using a Virtual Private Network (VPN). When you connect to websites through a VPN, your transactions are identified by the VPN server’s IP address, not yours. VPN companies own thousands of IP addresses. They cycle through them regularly. Most successful VPNs also have millions of customers. That makes it very difficult to trace your activities.

One weak point in the privacy that VPN services offer is that the VPN company itself can keep track of your activities. It can identify you through its cross-reference between your allocated IP address and your real IP address. If your VPN keeps that information on file, a court order can force it to hand it over to the authorities. The simple solution to this is to pick a VPN service that keeps no logs.

You can read more tips on how to mask your identity when using Bitcoin further on in this article. However, first take a look at the five best VPNs for Bitcoin payments. For any VPN to qualify for this list, it has to keep no records of customers’ activities, provide unbreakable encryption, and accept anonymous Bitcoin payments.

Remember to create a pseudonym to use with your Bitcoin account. Also, don’t forget that you have to protect your identity when collecting payments as well as when paying out of your wallet. You probably don’t need full anonymity in your day-to-day life. As such, why not run your regular finances through a standard bank account? You can then reserve your Bitcoin transactions for activities that you want to remain private. Avoid contact between your Bitcoin account and your bank account(s) to avoid links between you and your Bitcoin wallet.

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So long as the VPN you use during your purchase doesn’t keep logs, there will be no way for anyone to connect you to the VPN account you set up with a Bitcoin payment.

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Article Source: BestVPN.com

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