How to use cryptocurrencies in a more private way? Tips for using Bitcoin anonymously

cryptocurrency users are becoming increasingly aware that it is harder than ever to protect their privacy, even by using digital resources. While cryptos expand worldwide, regulatory agencies and governments seek to impose Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) policies on exchanges and other platforms in space.

These KYC and AML policies have been established to protect users from cryptographic scams and other situations. However, it is clearly difficult for users to remain anonymous during the exchange of cryptocurrencies.

It is important to underline that digital resources like Bitcoin (BTC) are not anonymous but allow users to have a pseudonym.

One of the best ways to remain anonymous during the exchange of digital resources is the sale and purchase with other individuals on the streets, meetings or groups. This is how virtual currencies began to spread and how Bitcoin was trading in the beginning.

During the purchase virtual currencies online on Web sites like Localbitcoin.com, the best is to use VPN, Tor, fake names and fake email addresses. This would allow users to remain anonymous and prevent the site from tracking who you are.

Of course, this is not the best thing to find the cheapest price of BTC. In general, these sites have commissions and users tend to sell their coins for a higher price.

Another way to acquire digital resources while preserving user privacy is to do so by using a Bitcoin ATM. In general, they have high commissions and use exchanges to buy coins, but in general they are useful for those who do not want to provide information about themselves.

It is also important that people do not talk about investments in digital currencies that they have This would not raise concerns from regulatory agencies or other people.

The use of private currencies is also a good way to protect users' data and information. Some of these coins are Monero (XMR) or Zcash (ZEC). Users should create new addresses every time they make a transaction if they do not use private currencies.

In addition, you can use mixers and other tumbler services that allow users to increase their privacy. However, these are expensive services that require a small percentage of the funds traded.

It is difficult to remain anonymous in virtual currencies, but there are some ways to increase privacy.