Are Bitcoin transactions anonymous and traceable?

0

It can be difficult to track bitcoin transactions when people use various bitcoin wallets and mixers. These factors disrupt the research process and take a lot of time.

Despite the fact that it is difficult for Bitcoin wallet users to transact completely anonymously, there are several ways to get closer to anonymity. For example, it is possible to use a cryptocurrency mixer.

In this case, it is a Bitcoin mixer, which ensures that it is more difficult to make Bitcoin traceable. This is done by mixing BTC transactions from different people into a pool and then sending the transactions to the intended addresses.

Additionally, wallets can also be very difficult to monitor. If someone does not want their activities on the Bitcoin network to be traceable, it is possible to create a sort of smokescreen. By creating many crypto wallets and carrying out various transactions between these wallets, it can be more difficult for anyone to trace transactions and wallets.

Both challenges are difficult on their own, but combining them can make tracking Bitcoin addresses much more difficult. Tracking transactions and portfolios will take a huge amount of time and energy.


Source link

Share.

Comments are closed.