Cryptocurrencies are gaining more and more territory, and Bitcoin is at the forefront of this revolution. It’s the exact antithesis of real money, because no one controls it, which also means no government prints it on money. Bitcoin is produced by people in a process called “mining”. There is an upper limit of how many Bitcoins can be created altogether, and this virtual currency holds many benefits. It’s decentralized, meaning that no central authority holds control over it. You don’t need a real life credit card, just an account you can create quickly for free. And Bitcoin doesn’t charge high transaction fees.
You should be aware that Bitcoin is not entirely anonymous. You can own more than one account without the need to provide actual personal information like your name or address. Still, the system is completely transparent thanks to the fact they harbor the transaction details in a huge file, called blockchain. Publicly used Bitcoin addresses can be reviewed here, and although they don’t know your name, they still know your balance. In the modern world, you should avoid such public exposure by purchasing and spending Bitcoin anonymously.
After hearing this, we guess you want to know how to purchase Bitcoins anonymously. There are small tricks, like owning multiple accounts and alternating between them. Still, it’s highly recommended to use the Tor network to stay in the shadows. Tor is a free to download software giving you access to an “underground” network, so you can avoid traffic analysis, unwanted surveillance and any kind of malignant attempt to spy on your personal or business details. Tor can be deployed as a tool against censorship too. Although most people associate this service with hidden websites, Tor is just as effective to secure your identity while you are conducting sensitive communication and businesses. That’s where Bitcoin comes into the picture: when you use Tor while purchasing or paying with virtual currency, you can be sure that your data won’t leak, and your account won’t be hacked.
While we are in the topic of safety, you are highly advised spending your freshly earned bitcoin to prolong your identity protection. Tor is just one step, as there are alternatives. Subscribing to a VPN service is a much more convenient way to hide your IP address via routing it through some foreign proxy servers. This grants you peace of mind, without compromising your browsing and downloading speed, not to mention the other benefits such as better access to streaming websites like Netflix. Bitcoins are widely popular means of payment among VPN providers. For example, HideMyAss and IPVanish – who stand at the top of our list – are both perfectly okay if you conduct your purchase via cryptocurrency. But we could also mention dependable identity protectors, like Private Internet Access.
Share your thoughts, ask questions, and connect with other users. Your feedback helps our community make better decisions.
©2012-2025 Best Reviews, a clovio brand –
All rights
reserved
