Five easy steps to anonymously accept Bitcoin.
One really significant point that undoubtedly needs to be addressed is how to use Bitcoin to conduct anonymous payments. Bitcoin anonymity, or the anonymity of its transactions and payments, can be enhanced with a few easy tips or techniques, which is what this article will examine, even if it can have several levels and be approached from various angles.
The best ways to anonymously accept Bitcoin
As we have already discussed, Bitcoin privacy may be thought of as a spectrum, with the various levels of anonymity being purely subjective. Having said that, practically anyone can adopt certain behaviors that might enable them to accept Bitcoin anonymously.
The three advice that follow are exclusively about Bitcoin, however the first two will discuss privacy in the digital world in general. Nonetheless, a mix of these methods can contribute to a higher level of anonymity for Bitcoin transactions.
First tip: The Onion Router, or Tor
Using Tor is the first smart way to accept Bitcoin anonymously and improve user privacy on the Internet in general. Before Internet traffic reaches its destination, it is encrypted and routed to random computer nodes on the Tor network via the Onion Router (Tor) browser.
The transactions are therefore more secret because it is very difficult to identify the broadcaster’s IP address. Tor is also supported by Whir since we think it can increase the general anonymity of both parties involved in the Bitcoin transaction.
Second Tip: VPN – Virtual Private Network
Using a VPN and Tor to increase the privacy of Bitcoin transactions is quite similar when comparing their offerings solely logically. Although none of these methods are specifically related to Bitcoin, the general increase in anonymity can instantly increase the anonymity of any Bitcoin payment or transaction.
A network that does not keep track of a user’s past actions on its servers is known as a virtual private network, or VPN. Its primary function is to encrypt the user’s Internet traffic and redirect it over a number of servers, typically located in several geographical areas, before reaching the destination.
This implies that a VPN essentially hides the user’s IP address, which is comparable to CoinJoins hiding Bitcoin transactions. However, some VPNs also increase device security by checking for viruses, which only strengthens the case for its use. When someone wishes to accept a Bitcoin transaction anonymously, improved security and privacy are unquestionably compelling arguments for using a VPN.
Third Tip: VPN – Creating new addresses
Never using the same address twice is the first guideline of taking Bitcoin in the most anonymous manner possible. The majority of cryptocurrency wallets currently create new addresses with each transaction, but it is the wallet owner’s responsibility to verify that each address is distinct.
This instantly makes it harder to link the identity to the specific transaction, particularly if the wallet as a whole hasn’t gone through a KYC procedure. Anyone who wishes to increase the privacy of Bitcoin payments must adhere to this strict foundation. The anonymous characteristics offered by Bitcoin and many technologies based on it are rarely useful to the user if new addresses are not generated.
Fourth Tip: VPN – Lightning Network for small transactions
Another excellent method for enhancing anonymity for both the sender and the recipient of Bitcoin payments is the Lightning Network. Because the transactions are not only not published to the blockchain but also because the LN wallets do not require a KYC, this off-chain layer-2 solution enables users to ensure that their transactions cannot be tracked. Although most wallets are simple to download and use, they must support the Lightning Network since Lightning and Bitcoin transactions are two different things.
Particularly for tiny transactions, typically involving a few dollars, Lightning Network is becoming more and more popular. With very little costs of a few satoshis, they are cleared quite immediately. LN provides a very appealing option for taking Bitcoin privately and making anonymous payments, especially when combined with enhanced privacy for both sides.
Fifth Tip: VPN – Bitcoin Mixing, Tumbling Services
Utilizing tools like CoinJoins, Bitcoin mixers, or Bitcoin tumbler services is the final, but unquestionably crucial, tip or trick to improve the anonymity of Bitcoin transactions, primarily for the recipient. Most of the time, all of these are focusing on the same goal, which is to obscure the transactions in order to make them more anonymous.
They often accomplish this by combining a large number of transactions, after which they “shuffle” all of the bitcoins and satoshis that have been exchanged and redistribute them at random to the receiving addresses. This makes it more and more difficult for governments and Bitcoin or blockchain tracking firms to keep track of who is sending money to whom.
If none of the aforementioned choices appeal to you, there is a straightforward way to guarantee that anonymous Bitcoin payments are accepted. Blender is that. In order to facilitate anonymous Bitcoin transactions, Blender, a privacy-focused service, integrates CoinJoin directly into its website.
Blender is quite simple to use and is similar to a standard Bitcoin transaction. To ensure that the transaction reaches the recipient in perfect secrecy, all that is required is to utilize the addresses provided on the Blender website. Thus, it becomes quite straightforward to accept Bitcoin anonymously.
Conclusion
There are numerous facets to the response to the query, “How can I accept Bitcoin anonymously?” However, this essay attempted to offer some best practices that users should keep in mind when they wish to improve their privacy in both the digital and Bitcoin worlds. Since most of these are not as difficult as they may appear, it is advised to at least try using them or familiarize yourself with them as this can come in rather handy later.
Make use of Blender Crypto mixer to make transactions anonymous
