How a bitcoin mixer can protect your transactions from blockchain analytics – MENAFN.COM

How a bitcoin mixer can protect your transactions from blockchain analytics – MENAFN.COM

(MENAFN - Zex PR Wire) San Francisco, CA, 10th May 2021, , One of the biggest problems for Bitcoin investors today is how to protect the security and privacy of their assets. This includes protection from hackers and blockchain analysis companies. After all, if so-called blockchain analysis companies, like , can trace your transactions, then so can hackers. As it turns out, tools like Bitcoin Mixer can solve this problem in an effective way. At first glance, bitcoin appears to be anonymous, but this is not true. A deeper look at the blockchain reveals the true extent of its limitations. Bitcoin is considered moderately private, but it lacks the complete anonymity necessary to make your funds untraceable. The traceable nature of Bitcoin makes it possible to track one down. Ultimately, the way Bitcoin works sets a limit on privacy. Bitcoin is not directly bound to your personal data because you do not have to reveal your identity, but at the latest when you make a withdrawal to your bank account at an exchange, you have to verify yourself and disclose your data. Thus, a connection can be made between your wallet and your identity. It is therefore possible to link