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Bitcoin to bank account At this tender and young stage of cryptocurrency infancy, there are some options that can be use to receive money into the bank account anonymously. So whether privacy is important or not a cryptocurrency consumer has the choice. Basically, the consumer can decide the way they like the most. It is a modern age of currency competition and people can't lie about it. Initially when the bitcoin was introduced people call it an anonymous thing because it has not any physical face. After some time people realize that the full transaction is publically record on the blockchain ledger. It was only a matter of time to understand by the people.
Anonymous Quotations About Bitcoins:-
In the early phase of bitcoin, the transaction understands an illegal activity. The currency is beneficial for the person that is involved in illegal activities like smugglers, the user of dark web, deep web, etc. So the privacy matter increases at this level. Today's world is a place of competition every person want to be rich and successful in life. So there are plenty of fake people and hacker on networks who try to steal the confidential information. On the other hand, if any other person knows that a bitcoin consumer has many coins in the wallet it can be harmful to the consumer's life. Many thieves, frauds, and criminal can blackmail the consumer and demand ransom. So it is very necessary to keep the information hide from the other people. For the prevention of this situation, there are many websites on the internet that can be used to receive money anonymously.
Hidden Information on Blockchain Wallet:-
Blockchain wallet provides secure bitcoin services. On its public ledger, the name of bitcoin sender and receiver is not shown only their account identity show. This is the best option to hide information. On the other hand, there are many website mixers. This has a fine reputation about mix the consumer name by the hundreds of time. By using cryptography the information hides and the money also return to the consumer. Other websites that can charge a fee of receiving money anonymously. These websites have the option to send the money directly or send it anonymously. Such websites use other user names to complete the transaction.
Today where secrecy is important there also some risk to receive money anonymously. There is a big risk when a consumer uses fraudulent websites. There could be fraudulent people who can make the fake official sites.