Exactly. That’s why you had to fill out all the KYC paperwork when you create your Bitcoin wallet.
Oh, you didn’t?
Crypto is not hidden, but it can be anonymous. You can’t hide that you got money from X account and spent it at Y account. But there’s no name tied to the transaction.
Where did the coin come from? Unless you mined it yourself, you’ve left a trail that may eventually lead to you. Even using crypto ATMs, you’re still on surveillance and hoping the tapes/drives roll over before someone comes knocking (which is a very likely bet to win), and even then, you still have a real world location to tie the wallet to because of where the transaction originated.
Anything that interacts with the real world can anchor your identity to your wallet. Travelling out of state can help obfuscate that to an extent, but a high level adversary will be able to correlate travel with that transaction as well.
Exactly. That’s why you had to fill out all the KYC paperwork when you create your Bitcoin wallet.
Oh, you didn’t?
Crypto is not hidden, but it can be anonymous. You can’t hide that you got money from X account and spent it at Y account. But there’s no name tied to the transaction.
Where did the coin come from? Unless you mined it yourself, you’ve left a trail that may eventually lead to you. Even using crypto ATMs, you’re still on surveillance and hoping the tapes/drives roll over before someone comes knocking (which is a very likely bet to win), and even then, you still have a real world location to tie the wallet to because of where the transaction originated.
Anything that interacts with the real world can anchor your identity to your wallet. Travelling out of state can help obfuscate that to an extent, but a high level adversary will be able to correlate travel with that transaction as well.
Ever heard of BTC/any-> XMR -> BTC/any?
If you know your thing, you can churn, buy the initial crypto with gift cards, use VPNs or Tor… yea GL for finding me
that’s pseudonymous, but if you remove all links with your original identity, you can even use non-privacy coins and not be known
You can hide it using coinjoin transactions. It’s like a mixer but native. It’s not perfect but it’s nice to have