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Post Info TOPIC: What methods do you use to hide your cryptocurrency transactions?


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What methods do you use to hide your cryptocurrency transactions?
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What methods do you use to hide your cryptocurrency transactions?



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There are many methods to hide your criptocurrency transactions. For example you can try to mix your money by using bitcoin laundry. Or you can use hidden site with big value.
Here is 5/9 tips you should know about bitcoin and others.
#1 You Can’t Lose Your Wallet
When dealing in cryptocurrency you hold a crypto wallet (digital wallet) that has public and private keys. You are provided with a private key to gain access to it and if you happen to lose your private key, the chances of getting it back are close to never.

Your digital funds will disappear into a huge crypto-void. There is very little chance of hacking because of the blockchain technology, so you are the only one responsible for losing your digital money.

A credit card/debit card loss can still be traced back or created again at the Bank by providing your identification proof, but with cryptocurrency, you need to be extremely careful.

#2 Beware of Cryptojacking
Cryptocurrency is a safe option for wallet safety but it is still exposed to scammers who use your computer or phone’s processing for the mining of cryptocurrency. They do this for their own benefit without your approval. This is called “Cryptojacking” where the scammers put malicious code in your device.

How do you know if your device is affected? Your phone or computer will become slow or your battery will discharge faster.

#3 Bitcoin Inventor Is Unknown
This is the most popular and surprising fact about the cryptocurrency world, the person or organization that created the ‘bitcoin’ is unknown. A lot of people have come ahead and claimed to be the ones who started it but none of them were credible sources.

People refer to the creator of bitcoins as Satoshi Nakamoto.



#4 Cryptocurrency Value Is Extremely Volatile
Just like a normal share market, there are a lot of external factors that have a direct impact on the value of Crypto money. They are super volatile and really depend on your sense of trading. The value can swing dramatically which is sometimes in your favor and sometimes terribly against it. Its digital-only presence and risk factor is why people choose to steer away from it.

#5 China Is The Biggest Miner Of Cryptocurrency
Mining of cryptocurrency is the process of verifying various forms of transactions before they are put on the Blockchain’s distributed ledger. It is a lucrative business and China controls around 75% control over the mining network.



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Thank you for very informative tips. Only one question, why 5 of 9 tips? :)


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Because its a lot of text. If you want I can give you last 4 tips. Here it is.

#6 Cryptocurrency Can’t Be Physically Banned
The most-talked about news of ‘banning’ cryptocurrency in India has a few genuine reasons like- central banks losing business and no government control due to decentralized control. However, despite the ban, it is ‘physically’ impossible to ban cryptocurrency because anyone can get a crypto wallet. There can be regulations but you can’t stop the cryptocurrency market.

#7 Countries That Have Banned Cryptocurrency
While we are on the subject, there are a few countries where you can’t enjoy cryptocurrency rights as they have been banned. Here’s the list:

Algeria
Bolivia
Ecuador
Nepal
Bangladesh
Cambodia
#8 Cryptocurrency Is Great For Ecommerce
Internet connectivity is easily available in third world countries where opening a bank account might be difficult. Cryptocurrency could help eCommerce reach to diverse and more people if they provide digital currencies as a payment option. Most of the regular chores and shopping has moved to digital, cryptocurrency would only boost it further. Since cryptocurrency is decentralized, there isn’t a need for middlemen in transactions so eCommerce can enjoy higher autonomy.

#9 International Transactions Without Exchange
Your business does not have to deal with foreign exchange if they are using cryptocurrency as there are no borders. It is a digital economy that does not work with a centralized economy.

What Is The Position Of Cryptocurrency In India?
Still contemplating a proper regulation for cryptocurrency, India is ought to make its stand on cryptocurrency clearer soon. As per the Finance Minister Nirmala Sitharaman, red flags have already paved the way from other nations to India on the virtual currency front. The rationale for the ban is the possibility of terror funding and other illegal activities.

The country is planning to ban cryptocurrency through passing a bill- “Banning of Cryptocurrency and Regulations of Official Digital Currency Bill, 2019”. There is a jail term and penalty for those who continue to deal with virtual currency. The decision isn’t final yet but the stand has been made clear.



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Hey there. Bitcoin and other cryptocurrencies are based on Blockchain technology. This post will attempt to answer a few cryptocurrency basics. What is cryptocurrency? What makes Bitcoin different? How do you earn Bitcoin? How do you keep your Bitcoins safe? Why should I invest in cryptocurrencies? Good luck.



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There are many trading aids, but sadly, 80% of them are fraudsters, therefore I recommend https://goodcrypto.app/ , on this site, expert traders will keep you updated on the movement of the cryptocurrency you're interested in; you'll get experience while also earning money.



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Hi guys. I can also advise you of binance chain wallet as one of the most simple and safe. You can read more about this crypto wallet by the following link 

 


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