It’s anonymous. Any payment can be made from many accounts, and a single wallet can have as many receiving addresses as you wish, as well as a separate sending address. Account verification/validation may be required for Bitcoin Exchanges and other locations where you can acquire bitcoins, but it is not required for your personal wallet or wallets.
Payment confirmation takes a lot less time this method. Your traditional money transfers payments may take 1-2 days to process and confirm, whereas Bitcoin payments may take 10-20 minutes. The sooner your money is confirmed, the sooner we can ship your purchase and deliver it!
Bitcoin isn’t represented by any bank or government. It’s a decentralized system. A bitcoin payment cannot be blocked by any authority. There are no compelling reasons to do so.
Bitcoin payments are available 365 days a year and 24 hours a day. Simply ensure that your Internet connection is operational. It’s similar to PayPal, credit/debit cards, or any other online payment option you’re familiar with, but with far more privacy.
What makes bitcoin anonymous?
You’ve probably heard that all Bitcoin transactions are public, and the best site to “watch” them is Tradeblock.com. Account verification/activation (through SMS, e-mail, or credit card/bank statement) may also be required when purchasing bitcoins from an exchange. So how is it possible to remain anonymous? Assume you purchased some coins from an exchange and had the transaction validated with your personal phone number. Creating and using a bitcoin wallet, on the other hand, does not require you to authenticate your email address, phone number, or identity.
You can then create a new wallet and move your money there. You have the option of transferring funds in a single transaction or in many transactions with different receiving addresses. In fact, the most secure approach to send Bitcoin is to never reuse an address. You might want to move funds from the exchange to various wallets before transferring them to your own wallet. Because bitcoin fees are so minimal, it’s entirely up to you how secret you want it to be.
