With the help of Bitcoin, you can stay anonymous while doing your transactions on the internet. Traditionally, when you make payments online, you have to pay heavy fees. For instance, if you pay using your credit card, the bank will charge you for providing the service. No matter what medium you choose to use, you will have to pay fees. Not everyone can afford to pay these fees.
On the other hand, if you choose to pay using digital currency, you won’t have to pay any fees. Plus, your identity won’t be shared with anyone. Basically, it’s important to note that these transactions are not anonymous. Your activities are recorded and are available to anyone via blockchain. This is a huge database of these transactions, which means your information is shared with the person you are dealing with. All of your info including your name, address and other data is shared. Now, if you want to enjoy true anonymity, you have to use a mixing service.
The purpose of the service is to facilitate the owners. Therefore, if you use this service, you don’t have to register by providing your personal information. If you are a first time user, you can choose from a variety of services that won’t charge you anything. In the same way, they won’t require the PGP key verification. Actually, the purpose of the services is to ensure that you enjoy true anonymity when making these transactions.
Since there is a lot of demand for these mixing services, scammers are taking advantage of the system to make money. Therefore, it’s important that you do your homework before choosing a good mixing service. Finding a trustworthy provider is of real importance.
What you need to do is hire a mixing service that won’t ask for your name, email or other personal information. Also, the service provider shouldn’t keep records of transactions their users make on a regular basis.
In short, we suggest that you choose a Bitcoin mixing service wisely. Choosing the right service is important if you want to enjoy the advantages explained in this article. Just be careful and make an informed decision.