The Art of Making Bitcoin Untraceable

Even though Bitcoin is presented as an anonymous currency, the Bitcoin network is pseudonymous – any transaction that occurs is public and can be associated with the details of particular addresses. 

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However, there are possibilities that can be implemented to make the Bitcoin anonymous and more untraceable. Today we will learn how to make Bitcoin Untraceable? 

Here are some methods:

Use a Bitcoin Mixer 

Bitcoin mixers or tumblers are similar to money laundering but instead of money, they mix together Bitcoin from a number of sources, send them through various stages, and then distribute them to different destinations to conceal the source of the Bitcoin. This decouples the send and receiving addresses and makes Bitcoin transactions more anonymous. Some of the popular mixers are chip-mixer and bitcoin-mix. 

A user is able to switch between multiple addresses

 Creating just one Bitcoin address makes everything very simple for any person to see all your transactions recorded on the blockchain. To make the link between addresses and the user less direct, he or she can use multiple of it while conducting transactions. To enhance anonymity, it is advisable to create a new receiving addresses for every transaction entered. 

Use Tor 

Tor works similarly to other proxy servers in the sense that it also helps to hide the users IP address. It is also important to note that using Tor on your device helps to minimize the opportunity of network surveillance and transactions monitoring. Tor and your Bitcoin wallet? Tor browser makes it nearly impossible to track the source of the transactions when accessing the wallet. 

Leverage Privacy-Focused Coins 

Coins such as Monero and Zcash provide privacy by default that is much more extensive than the Bitcoin network. This cryptocurrency is built on the principle of complete anonymity through ring signatures and the use of stealth addresses. Zcash has an option where the transaction details cannot be traced, the participants, the amount or any other details. There are many more tools, and there are merchants that support these privacy coins at the moment. 

Hidely Untraceable Bitcoin Wallet: For the Bitcoin users who want to maintain anonymity regarding the transactions they are making, Hidely has an easy-to-use mobile app non-custodial wallet. 

Features of the Hidely Bitcoin wallet include:  

• No Account Needed: The use of the application is very easy; the users download the app and create a wallet with no need to go through identification or verification processes. This saves the user from leaving any traces as far as his/her identity is concerned with the wallet.
• Built-In Mixer: To conceal transaction sources, Hidely combined Bitcoin originating from several users then blend it before forwarding to destination addresses to prevent tracking. As a mixing service it will cost a fixed fee of 2% for all the transactions.
• Tor Integration: Hidely directs all apps traffic through the Tor network to ensure that there is no IP leak whenever the wallet is in use. It also allows users to use the wallet as a Tor hidden service so as to ensure high anonymity.
• High Security: The wallet’s security measures include AES-256 encryption and other features like the two-factor authentication, the emergency PINs, the plausible deniability PINs, and the ability to remotely wipe the wallet in case of loss. Private keys often are in the sole possession of the owner and are never transmitted to anyone.

In conclusion, bitcoin offers the opportunity to initiate transactions with a pseudonym, but it is not fully anonymous without the help of other tools. Wallets like Hidely have features such as; on device key control, and built-in mixers and Tor to offer users enhanced privacy levels when sending and receiving Bitcoins using a mobile application. Ensuring proper application of the mixers, Tor, and avoiding address reuse will also contribute to the improvement of the Bitcoin’s untraceability. 

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