One cannot even know how much value was transacted between two parties forget about their identities least. Most existing cryptocurrencies including bitcoin and ethereum have transparent blockchains meaning that transactions are openly verifiable and traceable by anyone in the world.
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There is a service that allows you to take advantage of the monero anonymous cryptocurrency in order to achieve true privacy when making a btc payment.
How to make bitcoin anonymous with monero. Hiding your identity in this digital world is quite tricky as you often leave behind several digital footprints. Since bitcoin is part of the digital world its also quite tricky to be completely anonymous when using this cryptocurrency. How to use monero to anonymize your bitcoin bitcoin is not completely anonymous as many early adopters believed.
Monero is the leading cryptocurrency with a focus on private and censorship resistant transactions. If you make both conversions with one ip they will most definitely be linked in some way. Thanks to the nature of xmr the.
To supplement this lack of anonymity many btc users convert their bitcoins into monero because monero is completely anonymous. This service is called xmrto and it allows you to make an anonymous monero transaction a! nd in turn sends the address you insert the same value in bitc! oin. Trading bitcoin monero bitcoin on poloniex does nothing to give you anonymity.
All bitcoin transactions are recorded forever in the bitcoin blockchain for anyone to analyse. Shapeshift and xmrto will get whatever ip you throw at it. Bitcoin isnt completely anonymous when you own and transact it.
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