If You Think Bitcoin is Anonymous, Think Again

Bitcoin and other cryptocurrencies are not as anonymous as you think - in fact, they are more transparent than traditional money.

Whether it’s a VPN or a controlled pharmaceutical, chances are you can buy it somewhere for Bitcoin. Soon after its inception, Bitcoin became the go-to currency and payment method whenever anonymity was desirable. That trust still exists – but it can easily get consumers in deep trouble.

In reality, Bitcoin isn’t anonymous by design and the advent of blockchain analysis software takes the idea even further from the truth. Does that mean you should ditch it altogether? Of course not but there are things you should know before using Bitcoin to pay for anything shady.

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