are payments via crypto really "anonymous"?

WAndreas

Elite Member

Oct 21, 2024

1,676

1,894

• Dec 10, 2024

• #41

KYC
You're depriving yourself of anonymity.

 

Z

zanwankekayanzasayi

Registered Member

Sep 20, 2024

98

27

• Dec 10, 2024

• #42

Your wallet address is just your online "identity" and has no connection to your real-world identity.

 

Crytononame

Senior Member

Oct 24, 2024

804

442

• Dec 10, 2024

• #43

Crypto payments aren't anonymous by default. You gotta put in some work to make them that way.

 

s3idi15

BANNED

May 11, 2018

68

18

• Dec 10, 2024

• #44

Yeah, you're right. Crypto isn’t as anonymous as people think. Once you link your ID or wallet to any app, it's pretty easy to track you down. It’s not much different from using a bank account in that sense, just with a little more privacy on the surface. But honestly, I think the whole "anonymous" idea is overhyped.

 

S

savitaprasad

Supreme Member

Jr. VIP

Aug 12, 2024

1,249

397

• Dec 10, 2024

• #45

szoenik said:

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

Click to expand...

In most cases, it can be traced. Especially if you are doing large volume transactions.

 

cheetahogreen

Regular Member

Apr 27, 2024

258

51

• Dec 10, 2024

• #46

While crypto transactions are pseudonymous, they can be traced back to individuals through wallet addresses and KYC processes in exchanges, reducing privacy compared to traditional cash payments.