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When making an online transaction, several people like to stay anonymous for various reasons. And to achieve anonymity, they tend to use Bitcoin – a peer to peer, decentralized, digital currency.

It is often said about Bitcoin that it provides complete anonymity – which is not true. The Bitcoin transactions are not completely anonymous. They are made through Bitcoin exchanges. And the exchanges involved in a transaction may request you to provide your personal information, such as email address, a photo of yours, government ID, etc. and by using this information, they can trace and keep track of all your Bitcoin transactions.

(Learn about what are the top Bitcoin exchanges to trade coins)

To sort this out, we are going to discuss here some simple methods that will help you make anonymous transactions. Read carefully.

Stay Anonymous – Buy Bitcoin with Cash:

Wondering how to buy Bitcoin anonymously? Use cash! Yes, this is one of the simplest methods to buy Bitcoin anonymously. However, cash is not the only option – there are some other methods too, and we are going to discuss three of the most common ones here.

Buy Bitcoin Through ATM:

The ATMs give you complete anonymity to buy Bitcoin through cash. The machines don’t require any personal information or something else that a third party can trace. All you have to do is to go to your nearest ATM and make the transaction.

To buy the coins, all you have to do is enter your Bitcoin address and the number of coins you wish to buy. If you don’t have an address, just specify that you don’t have one and the machine will automatically generate a paper address for you.

Later on, using that address, you can import the private key and transfer your bitcoins to PayPal, or wherever you like.

Buy Through Local Bitcoin:

Another way to buy Bitcoin anonymously is Local Bitcoins. It’s a way of buying cryptocurrency through cash and in person. Through Local Bitcoins, you can find someone who is willing to sell bitcoins in exchange for cash in or near your area.

In order to use the service, you will need to sign up to their website. There is no documentation involved, so the process is completely untraceable.

Use Your Prepaid Card to Buy Bitcoin:

Prepaid credit card is another option to stay anonymous. The card is easily available at any supermarket or a convince store. Once you have the card, you can use it to buy the cryptocurrency without having to provide any personal information.

Some Methods That Are Just Partially Anonymous:

If you don’t have access to the above-mentioned methods, you can use the ones that are partially anonymous. These methods don’t require you to provide any ID. However, a phone number is still needed to enjoy the service.

Let’s take a look at some of them down below:

Wall of Coins:

A peer to peer Bitcoin exchange which only requires your phone number to use the service. Wall of coins currently operates only in Latvia, US, Argentina, Canada, Poland, Philippines, and Germany.

BitQuick:

Acts like an escrow between a buyer and a seller.  BitQuick takes the cryptocurrency from a seller and instructs the buyer to deposit cash into the seller’s account. Once the cash is deposited, the coins are released.

BitQuick also requires your phone number for its services.

Conclusion:

These are some ways to trade Bitcoin with complete/partial anonymity. If you are looking to buy coins without being traced, it will solve most of your problems.

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5 thoughts on “Buy Bitcoin Anonymously – A Beginner’s Guide To Making Anonymous Transactions

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  5. Btc wonder provides a platform were you can sell bitcoins, bch and others and get paid directly to your paypal account

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England – Next In Queue For State Sponsored Crypto Currency?

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As reported by The Telegraph, the Bank of England may support the production of a state-supported digital currency within a year. Just a year ago, the bank declared that it had commissioned a hypothetical money, RS Coin, which could be utilized by national banks to settle payments.

Currently, England’s national bank is raising the stakes, hoping to make its hypothetical idea into a feasible reality.

A research group vetted by the Bank has been examining the likelihood of a national bank-issued cryptographic money since 2015. So as to avert the unpredictability that has come to characterize Bitcoin, the digital money would be supported by the Bank of England and fastened to the pound sterling, Great Britain’s national cash. The Bank expects the research group to report back at some point in 2018 with their discoveries.

Prior to the Christmas, Dr. Stamp Carney, Governor of the Bank of England, put forth the defense for a national bank-sponsored crypto money to England’s Treasury Select Committee. Shielding the thought, he expressed that “The underlying technology is really of a fair bit of interest. We are working with it at the Bank of England.”

“I have taken an interest in discussions with the significant national banks on this issue,” he kept saying that such talks would continue in the new year. He also revealed that, over the summer, the Bank successfully executed a transaction with another bank using blockchain technology.

The Governor added that the Bank and its exploration unit are “restrained” in their approach. “In case we will apply something to the core of the system, it will need to meet five sigma quality rating.”

If the trials are successful, a digital currency banking option could make the way for instant payments for cars, houses, land, and other key assets.

However, Dr. Carney was still careful to address the confinements of a national bank-sponsored digital currency. One such frail point, he admits, is dissolvability if the currency was introduced on a public scale.

England – The Next In Line?

This disclosure makes England the most recent in an extending rundown of countries that have either engaged or endorsed their own cryptographic money.

Recently, Israel declared its own plans for the advanced shekel, the Israeli national bank’s answer for battling bootleg market purchases that include a little more than 20% of Israel’s GDP.

Back in October, Vladimir Putin put Russia on the map as the main country to declare official plans for its own particular state-issued cryptographic money, the digital ruble. Evidently, Russia is engaging the cryptoruble as a way to go around international sanctions.

Venezuela has also declared their own digital money in a comparative endeavor to moderate the effect of approvals from the United States.

 

Story credit: ccn.com

Image: Google Images

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Bitcoin Casino for 2017

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1ST MAY 2017, 07:00 PM, people like to play games. It’s an awesome benefit for you to play game bitcoin and get some reward in form of money. While, when you are betting with bitcoin. You surely have a chance to win handsome amount. Playing bitcoin games and making money, online players are in seek of money making the casino. To maintain such type of Casino is much difficult. Fortunately, bitcoincasino.us. is one of the best platforms for your attention. With 24/7 customer support, this casino provides complete anonymity, secure transactions, highest bonus and instant payouts.

Bitcoin Casino for 2017

Games:

Bitcoincasino.us provides more than 300 games. They are unique and different from other sites. This is because players get bored when they saw the same games on multiple websites. Some of the favorite, Tipsy tourist, Fa Fa twins, Aztec magic, Twerk.

Some players play games with proper strategy and skill. They don’t want to lose. For that type of people, this casino offers the table games and roulette. Roulette is with several variations, including all versions either it is European or American. Games with different layouts, payouts or with unique characteristics are available on sites.

The most important reason for its fame is, provides action games with innovative gaming software like Endorphina, BetSoft, and SoftSwiss.  Here, you will surely find the game with existing payouts.

Instant Payments:

When you are playing with bitcoincasino.us, you will get your reward instantly. Whereas, players of other websites are in waiting of their payouts. They process all the transaction as fast as they can. As you know the reward of playing bitcoin earning games, means you will soon withdraw the coins. Let’s have an example of 10 BTC. In process of withdrawal, other sites will take 24 hours. On the other hand, this games site does not need that much time.

Final Thoughts:

It is final, that you do not want to waste your bitcoin on a site who has not the good reputation. Bticoincasino.us is one of the best sites. Who provide instant reward and easy ways to get bitcoin as winnings.

GOOD LUCK!

 

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What Is Bitcoin Hard Fork? The Most Heated Bitcoin Topic Explained!

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To begin with, Bitcoin has been the talk of every news channel, tabloid, website, etc. for a long while now. It’s increasing popularity might’ve caused a little problem for the network. Bitcoin is in a messy situation right now and something needs to be done. Fortunately, two possible solutions have been proposed as well, but only one can exist.

 

bitcoin hard fork

 

What’s The Issue?

In simple words, Bitcoin is unable to withstand the number of transactions taking place on the network.

The technical explanation is that the 1MB block size limit which is programmed into the system has become a problem and is causing delays in the processing of transactions. Basically, a purchase can take from a few minutes to hours to confirm.

Two techniques were proposed, which result in two different solutions: Bitcoin Unlimited, and Segregated Witness. They’re both proposed software updates to the Bitcoin network with the aim to completely change the way Bitcoin functions.

Obviously, the two can’t coexist, that would “fork” the Bitcoin network – splitting it into two different digital currencies.

A fork is known as a software update. Basically, updating a program from an old version to a new one.

Hard Fork:

It is a compulsory software update that is required in order for the program to function.  It can be implemented to fix bug errors or any security issues present in the older version of the software. Also, a hard fork is irreversible.

The “hard fork” will split the blockchain, leading to the introduction of a new chain of transactions branching from the original one.

Bitcoin Unlimited:

Starting off with Bitcoin Unlimited, this proposal is favored majorly by Bitcoin miners. To understand this, you must know the concept of Bitcoin mining. Bitcoin miners use specified powerful computers to solve complex mathematical algorithms in order to verify a transaction and be rewarded with newly issued bitcoins.

We are aware that there is a built-in block size limit of 1MB in the Bitcoin network, however, BU gives miners the permission to vote on increasing the block size whenever they want. This gives them control of the Bitcoin network, due to which they’re favored by miners.

Segregated Witness:

On the other hand, SegWit is being voted by many Bitcoin enthusiasts and developers. Their aim is to optimize the Bitcoin coding in a way that allows them to decrease the transaction size and increase the transaction volume, all while sticking to the 1MB block limit. They suggest the use of a soft fork.

A soft fork is a software update that lets the network to adapt to the new functionalities and features implemented. The update doesn’t interfere with the existing software and the older version will still be usable.

Who Will Be The Winner?

Aha! Too bad we can’t answer this question because half the community goes for SegWit and the other half for BU. There’s not really much we can do, just voice out our opinion and educate others with whatever we learn and maybe help them come up with opinions of their own.

We’ll just have to patiently wait and watch how this turns out.

I’d like to point out that I have a very limited technical knowledge and only know my way around a few technical terminologies. This post is a compilation of weeks of research that I’ve put together myself. So, if you do find any errors, do let me know in the comment section below and I’ll be sure to check back on them.

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Creator of the bitcoin

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An Australian man claim to be the Bitcoin creator, Satoshi Nakamoto.

Really, he is the creator of the Bitcoin revolution?

Let’s have a complete discussion about it. Because the Bitcoin creator’s mystery is still a mystery. When someone breaks the ice, and claim that he is the creator of this technology, it needs discussion. A discussion with complete and real proof. So, step in, in the mysterious discussion.

Here, I have some question in my mind before a discussion.

  1. how claim to be the creator?
  2. his history, origin, business terms even living standard.
  3. the existence of the legal proves
  4. reason behind the creation
  5. idea to invent a worldwide digital currency and stay anonymous

And much more. At this point, everyone has these or many more question in his/her mind. That is why we will discuss the history and personality first.

How claim?

Craig Steven Wright an Australian businessman computer scientist claim that he is the creator of bitcoin. While a claim is the end of the mysterious discussion in the world.

BBC announced on Monday that Craig Wright told the media outlet he is the real man behind Satoshi Nakamoto. A businessman and computer scientist said that he launched the digital currency in 2009 with other’s help. The Same claim in Economist magazine.

Founder’s identity has been masked in uncertainty. Whereas, the media’s involvement to point out someone who has led the investigation.

Craig Wright says to the BBC,” I didn’t take the decision lightly to make my identity public and I want to be clear that I’m doing this because I care so passionately about my work and also to dispel any negative myths and fears”.

Craig Steven Wright      

Craig Steven Wright, born on October 1970. He is an Australian computer scientist. In addition, he is graduated from high school in 1987. And was the word’s first person who receive GIAC certification in compliance and audits.

Career and business

World’s first online casino was designed by Craig Wright and worked in different companies as well. Due to some security issues, Craig spends 28 days in jail.

Whereas, Craig was the CEO of a firm Hotwire Preemptive Intelligence Group. Which plan to launch world’s first bitcoin-based bank. He is also the founder of the company DeMorgan Ltd. Which receive $54 million AUD in tax incentives. And, he is also the founder of cyber security and computer forensics company.

When rumors come to light

In 2015, random investigations held by Wired and Gizmodo. Both of them assumed that Craig Wright may have been the inventor of the Bitcoin technology. And, the transaction process gets started from here. As the chief scientist of bitcoin foundation, Gavin Andresen opinion counts. He is the one who has communicator with Satoshi Nakamoto more than others.

Today, Andresen believe that Craig Wright is Satoshi Nakamoto. Now, he is trying to convince rest of the world. Here, the reason is, he is the one from the lucky people to have seen which claim is in Craig’s favor.

Andresen belief is solid about Craig Wright’s identity regarding bitcoin. Here, is a private meeting detail of Andresen with Craig Wright in London.

Andresen says, “I’m still convinced that he’s Satoshi despite the really weird proof he’s put in his blog post,” says Andresen. He stands by a statement he published on his website this morning: “I believe Craig Steven Wright is the person who invented Bitcoin.”

A private meeting with private proof    

Andresen says that he was invited by a firm to in-person demonstration designed to prove Craig Wright is the creator. This firm directly represents Craig Wright. Andresen feels hesitation while he was explaining the facts. In December, on transcripts, leaked emails, and accounting documents. But, some gaps found in Craig’s story, including backdated sign evidence, academic credentials. which clearly seems Craig was likely pulling an elaborate hoax or con.

Craig Wright follows up with the series of emails. On April 7, Andresen met with Craig in a conference room with two associates.  Where Craig clear the remaining doubts of Andresen. The Bitcoin creator can have proved himself in two ways, suggested by the cryptographers. First, Nakamoto has to move some earliest bitcoin and been spend in last few years existence. Second, he has to use the same private keys that allow the owner to spend them to instead sign a message. Transfer the data in a way which proves that owner of Nakamoto just has that key.

Conclusion

There is a large number of investigative points which prove the ownership of the bitcoin technology.

Good luck!

 

Tags: bitcoin founder

 

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ICO Regulation: Finance Minister of France Considers to Regulate ICOs For Crypto-Startups

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An opinion piece was recently published, in which the finance minister of France, Bruno Le Maire exposed that the country is planning to create a legal framework for ICOs (Initial Coin Offerings) in an attempt to become one of the most leading ICO hubs and to attract the crypto startups as well. The opinion piece was published on “Numerama,” which is a French website. In that opinion piece, Le Maire stated that he asked Jean-Pierre Landau (ex-central bank representative), to draft a proposal for a statutory framework on cryptos.

crypto startups

Why was taskforce chosen by Jean-Pierre Landau?

Jean-Pierre Landau is basically known for his fabled nickname “Monsieur Bitcoin,” and was selected to head a cryptocurrency task-force last month in France. The task-force is accountable for recommending guidelines and strategies for the development of regulations, according to a report.

Jean-Pierre Landau said:

“France has every interest in becoming the first major financial centre to propose an ad hoc legislative framework for companies making an initial coin offering.”

Action Plan Revealed

Moreover, Le Maire also revealed that an action plan will be presented to the government of France within few weeks and will intend to see the French market regulator AMF (Autorité des marches financiers) having the opportunity to sanction companies in order to raise funds through ICOs, on condition that they respect the particular standards that are set for protecting stakeholders. So, it’s visible that ICO regulation is current plan of French Minister, Bruno Le Maire.

Le Maire also proclaimed that the startups in the country will be offered opportunities by the blockchain technology, as they will be capable of raising funds just by issuing tokens.

Bruno Le Maire’s Statement:

According to Le Maire:

“A revolution is underway, of which bitcoin was only the precursor. The blockchain will offer new opportunities to our startups, for example with the Initial Coin Offerings (ICO) that will allow them to raise funds through ‘tokens (…)This promises to create a network of confidence without intermediaries offers increased traceability and will boost economic efficiency.”

France has a tradition of financial novelty, and according to Lee Maire, its new ambition is to enter the 21st century’s finance world by ensuring every participant, the required security for their improvement. Le Maire also wrote in the article that France shouldn’t lose out on the blockchain innovation.

France, along with Germany, remarkably gathered for discussing cryptocurrencies at G20. The summit was held in Buenos Aires, in which Argentina Le Maire highlighted how imperative blockchain technology and cryptocurrencies are. The G20 communique showed a curb on cryptocurrencies, however, regulation proposals are set to be originated within three months.

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