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Wholewit ago

It's not anonymous but pseudo-anonymous. Every Bitcoin transaction sent is recorded on a public ledger so you can see what address sent how much to another. You don't know who owns what addresses though unless person A sends money to person B. Person A will then know the address belongs to person B. This is why you should never reuse wallet addresses. Most wallets creates a new address every time one is used and hides the old one so as not to be reused for this reason.

MadWorld ago

So by never reusing wallet addresses, you can achieve a good level of anonymity without been tracked to your real identity? What about the step where you buy the bitcoins with real money, such as credit cards and bank accounts? Can you also suggest what is the reasonable exchange fee for the currency conversion?
Thanks you!

go1dfish ago

That does help yes, and is recommended security practice because addresses are free to create.

But it's still relatively easy to trace blockchain transactions. Coins like Monero try to focus more on privacy.