Digital currency

Is Bitcoin Anonymous?

Bitcoin transactions are not tied to any personal information which allows users to protect their privacy. However, since all Bitcoin transactions are public knowledge and permanently on the blockchain, other users can see the activity associated to a particular wallet address—hence not being 100% anonymous. It is highly recommended to only use Bitcoin addresses once to avoid your identity being revealed either through a specific purchase or other means.
In general there are three reasons why Bitcoin is referred to as anonymous. First, anyone can create a Bitcoin wallet without the need to submit any personal data. Unlike bank accounts, Bitcoin wallets are not tied to the identity of users.
Second, anyone can effectively transfer Bitcoins from any one address to any other address. Transactions are not tied to the identity of users and thus, neither the receiver nor the sender need to know each other’s identity.
Third, Bitcoin transaction data is transmitted and forwarded by nodes to a random set of nodes on the peer-to-peer network.