5 ways to maintain anonymity when working with cryptocurrency
Cryptocurrencies without privacy are just an empty phrase. If you can not ensure anonymity, then the use of digital assets loses most of its meaning. By the way, most of the responsibility for your own safety and security of your funds is up to you. Here are five best ways to become incognito in the crypto.
One may think sometimes that to use VPN you need to have certain technical skills. In fact, this is not the case — most secure connection programs have a clear design and allow you to activate all functions in just a couple of clicks.
Opera browser has a built-in VPN solution available for users of both desktop and mobile versions of the software. VPN will provide an additional level of protection during login to your account on the exchange, which will significantly reduce the chances of password theft.
However, keep in mind that some exchangers do not like when you log into your account with a large number of different country IP’s (that’s how VPN works) and this can cause blocking of the account by their security system.
Register a separate e-mail
Remember, decentralization must be respected in everything. If you have only one mailbox through with personal and working correspondence passing through, then hackers can cause very serious damage to both reputation and financial position when it is hacked.
It is safest to allocate a separate e-mail for the needs of the crypto. Use services with a high degree of protection (like Tutanota, Protonmail). Do not forget to come up with a complex password, which uses letters of different case and numbers or special symbols.
Stop using old Bitcoin addresses
More than half of all transactions in BTC network go through wallets that have ever been in use. Kindly reminder: the blockchain of the main crypto currency is open to everyone, if someone manages to associate one of the addresses with a specific person, then the attackers or the tax manager will have a whole history of moving funds of a certain person.
Creating a new Bitcoin address is free, you can do it in less than a minute. Do not be lazy and keep your own anonymity. Well, or use Monero, which handles privacy much better.
Keep your passwords in a safe place
Where do you keep your keys for two-factor authentication and passwords from accounts of the exchanges? Are they written on paper, separated, and in safe places? Or hidden in .txt file on your computer? You will probably be surprised, but many people prefer the second option (and I used to do this as well).
Trust me: you shouldn’t keep them this way. To get to the digital files is much easier than to break into your home and look for hidden notes with cherished combinations. The main thing, do not forget to install the door locks that are more durable.
Avoid KYC requiring platforms
Giving your ID’s and personal data to the companies is similar to placing a giant red pointer above your house, saying “Here I am”. You can always use decentralized exchangers, but what if you are used to enjoying such advantages as no registration, easy experience and bonuses from exchanges?
Godex.io is one of the few exchangers who still believes that KYC rules contradict the original idea of anonymity in the cryptocurrency world. They only ask you for a recipient address to send exchanged coins, and even these data are deleted within a week.
Mix it up
If you want to keep maximum anonymity, be sure to use the services to “confuse traces”. For example, the portal Cashshuffle for BCH will help hide the true source of your income. For Bitcoin there is also a similar solution, it can be found in the Wasabi wallet.