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It is up to investors to take the steps necessary to protect the privacy of their transactions. When it comes to making an untraceable money transfer using bitcoin, bitcoin mixing, also referred to as coin tumbling or laundering, is a process that tries to break the connections between the bitcoin sender and recipient's address. Anyone who traces a public address can know the origin and/or destination. The problem arises when trying to pinpoint who owns the address the transactions are being sent to. Many people automatically assume that bitcoin is completely anonymous when using it as a form of payment for goods and services online. Bitcoin also shields participants' identity by using pseudo names and addresses. Which, in this case, is the public key, of a certain user. Bitcoin is the most popular cryptocurrency.
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There is a difference between anonymity and impunity. Only a rare type of cryptocurrency claims to be untraceable. You can create as many btc addresses as you want. Bitcoin and many of its clones are based on blockchain technology. Although many individuals think that bitcoin is anonymous, the digital currency is pseudonymous.
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Unfortunately, all bitcoin transactions are public, traceable, and permanently recorded in the bitcoin network associated with the transacting bitcoin address.
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