To ensure complete anonymous transaction, you should purchase Bitcoin from non KYC exchange, use an anonymous bitcoin wallet, and you should use a VPN to hide your IP. Even though your bitcoin transactions will be publicly available on blockchain, but as long as it can’t be traced back to you, you are safe.
Can government track Bitcoin transactions?
Under new proposed regulations from the Financial Crimes Enforcement Network, it may become much easier for the government to track bitcoin transactions. … Also under the proposed regulation, an exchange would be required to report my personal information if I make a total of more than $10,000 in transactions in one day.
Is monero really untraceable?
Monero transactions are confidential and untraceable. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT.
Are Blockchain transactions anonymous?
It is a common misperception that blockchain networks like bitcoin are anonymous, when in fact they are only confidential. That is, when a user makes public transactions, their unique code called a public key, is recorded on the blockchain, rather than their personal information.