Although people saw bitcoins as a fad at first, it's safe to say that these virtual coins have achieved an astonishing growth in the past few years. With bitcoins selling for $6,000 or more at the time of this writing, it's clear that purchasing and selling bitcoin can be a very good idea. Not only that, but it can also bring in front quite a lot of money.
But as you can imagine, handling so much money does come with some risks. Sure, we all know that the Bitcoin network is designed not to share any personal information. But even so, you should keep in mind the fact that the transactions are not anonymous. If you want, you can call these pseudo-anonymous.
While you don't specifically share your email or physical address, not even your name, some people can still track your identity with help from IP addresses and cryptocurrency exchanges. The exchanges or other persons you purchase buy/sell coins from may identify you via your email address.
How can this happen?
Although there is a huge focus on anonymity, there are some flaws in the system. For example, you will notice that the user of a bitcoin address will declare his name and link it to a public address. As you can imagine, this makes it very easy for other people to identify who you are and from here to generating a proof of ID it will be very easy.
They just have to match your ID against the IP address, and they can easily steal your identity. It's a very problematic thing to take into consideration, but the reality is that you can still find some ways to maintain your anonymity if you use the right approach.
How can you make the Bitcoin sale or purchase process safer?
The mixing process is designed to eliminate the link you could usually find between the bitcoin addresses. It does that either by swapping coins with other addresses or creating some temporary addresses. This leads to some very good results because it's a lot easier for you to stay anonymous this way. The process is faster and more convenient, and the results as a whole are very distinct too, which is exactly what you may need.
Using VPN and routing services
In case you don't want to opt for the mixing process, there are some other options for you to focus on. Using a VPN sounds great because it enables you to mask your connectivity and no one will know your real IP, to begin with. However, in case someone does identify that you use a VPN, your protection is nonexistent.
You can also opt for the Tor Browser and use it to connect to the Bitcoin network. What makes this great is the fact that Tor nodes get to encrypt all data before sending it. As a result, it's very easy for you to avoid sharing any relevant or pivotal information such as your name and IP, among others.
Joinmarket is, as its name states, a market. Here you will note that makers and takers are focused on performing various transactions. The market will arrange the necessary amount of coins, and the overall results can be more than amazing in the end.
Using a temporary email address
Even if your email address is identified, you can use a temporary email address when selling or buying bitcoin just to stay safe. You can indeed add a temporary email address to your wallet because that doesn't matter in the end. No one will know who the wallet belongs to, and using the temporary email address can help you preserve your name even more than before. However, what you do want to remember here is that the temporary email addresses are designed to bring in the sense of efficiency and anonymity without bringing in front any limitations.
The benefit of using temporary email address is that you never have to worry about any problems. You will always be extremely impressed by the fact that this type of email address gets to keep you anonymous even during such a transaction.
Even if you do want to sell bitcoins, you still receive a very good protection from the temporary email address. No one will be able to link the IP to your name or email address. And even if they do link it to the temporary email address, you never have to worry about anything. It's just the best, safest way to purchase and sell bitcoins online.
What methods should you use when you sell or buy bitcoin online?
The local bitcoin option is maybe the best, this way you get to meet with the person face to face and get to initiate the transaction as you see fit. It's a much simpler approach and one that does tend to offer some impressive benefits because of that.
The Bitcoin ATM option isn't extremely popular because there aren't too many ATMs like this to find out nowadays. But there may be some in the future, so it's always a good idea to look out for those. Of course, you can opt for a prepaid card option, so you can easily use that card to get bitcoin without issue. The idea is to opt for a prepaid card that requires you to stay anonymous because some of these won't help you get the anonymity that you may want, so try to consider that.
But yes, the best way to purchase bitcoin is to use a temporary email address. It's just a lot more convenient and simple, plus no one will be able to link that to you. It really is the best option to focus on if you want to get on the Bitcoin train and earn some good money. Remember, your privacy is still extremely important, and using a temporary email address can help you maintain control over your private data. Don't rush into buying or selling bitcoin, use a temporary email address and the results can be very impressive!