are payments via crypto really "anonymous"?

[szoenik]

when you think about it, you have a lot of your personal info linked to all your wallets. Many apps require your ID too

so how in hell are crypto payments considered "anonymous" or "under the table"? You can be identified as easy as if you were paying via your bank account

 

[1SEOWarrior]

when you think about it, you have a lot of your personal info linked to all your wallets. Many apps require your ID too

No. In these sense no.

Nowadays there are lots of kyc involved in account creation.

 

[Salamouna]

This means you didn't know how crypto work

 

[alurosu]

You have to transact in privacy focused coins. I can recommend XMR or ZEC.

Everything else is public

 

[tylero]

They're anonymous by being public. It's like hiding a tree in a forest of other similar trees.

 

[notNewB]

monero is

 

[Oreilly]

They are semi-anonymous when you acquire them privately/without KYC, but most are inherently not since all information is on a public ledger.

Some privacy focused coins like Monero and Zcash are truely anonymous, you can't view the ledger and transactions are untraceable.

 

[joseph15]

They are not anonymous at all if you buy and transact using an exchange. Why do you think governments in most countries don't care about banning BTC/ETH, or most of the popular coins and chains from a crime prevention perspective? It is easier for them to track criminals using a digital trail than it is for them to track criminals using cash.

Now, if you look at something like Monero which is constantly being banned, de-listed, and scrutinized by exchanges and law enforcement agencies all over the world, it becomes pretty obvious that XMR is the best choice for remaining anonymous with crypto. It's the preferred currency for criminals on the internet for a reason.

 

[Lipstick Spoiler]

Wallets like metamask are anonymous, crypto platforms like binance, wazirx, etc are not

 

[alurosu]

Wallets like metamask are anonymous, crypto platforms like binance, wazirx, etc are not

False, metamask and most wallets are public as well. There are projects like https://www.arkhamintelligence.com/ that focus on tracing EVERYTHING.

They're anonymous by being public. It's like hiding a tree in a forest of other similar trees.

Nope

only cold wallets are considerated the nearest to anonymous, but they are not 100%

Nope

 

[tropical paradise]

to be anonymous, private, and a free person in crypto never KYC for anything (no exceptions!!) and always use privacy coins like Monero to pay when available (blockchain is not transparent), and when not available use an instant exchanger like trocador.app to convet your Monero to any crypto on the fly. If you are using public blockchain cryptos to transact (literally every coin outside of privacy coins lol), even if you acquire them without KYC you have a high risk of linking yourself to the payments you make if you are not extremely careful.

 

[XrumerGeek]

You can make them so. Example below
receive USDT wallet#1 >>> swap to XMR >>>> send XMR to wallet#2 >>>> change XMR to USDT in wallet#2 >>>> untraced USDT#

 

[Bybit]

As long as you don’t interact with CEX. It’s truly anonymous.

 

[Rakzs]

With KYC it's traceable but even without for most coins it's traceable and you can get deanonymised by blockchain analysis, but XMR is fully anonymous.

 

[HODIMART]

Crypto can be anonymous, it depends on what you know and how you do it.

 

[moonshine7000]

If you had to do KYC its not anonymous.

 

[TrueAviation]

Monero is only one i will trust for anonymity others the transactions are public. That is the difference .... even if you buy monero with kyc exchange once you send from there is hard for anyone to track it as transaction is not public available for anyone

 

[Funiki]

Anonymously? The wallets are generic There is no way to someone know your address if you don’t share it

 

[moonshine7000]

With KYC it's traceable but even without for most coins it's traceable and you can get deanonymised by blockchain analysis, but XMR is fully anonymous.

But you need have your own XMR node to maintain opsec

 

[valac1993]

So, the real question is: When should we stop before FBI finds out?