Do you want to make transactions using Bitcoin but aren’t sure about how this will affect your privacy? Financial data is sensitive, so you need to take precautions.

Giving access to your crypto history is almost like publishing your bank details on social media. So, the question that worries more and more Bitcoin owners is this: can you track Bitcoin transactions? The quick answer is yes.

However, it’s not as simple as you think.

Bitcoin is not as anonymous as you might think

Some early adopters thought of Bitcoin as an anonymous way of moving money and making ghost transactions that weren’t verifiable. Nothing could have been further from the truth. Protocols are set to guarantee transaction security and transparency, but the blockchain keeps track of all transfers from one address to another.

In plain English, there’s no such thing as total blockchain privacy. However, you achieve something called ‘pseudo-anonymity’. This means that you can keep your affairs private as long as you store your passwords correctly (and don’t get involved in illegal activities).

Want to know more about how you could be being tracked? Read the rest of this article! 

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