Bitcoin, as we’ve mentioned several times, is a pseudonymous cryptocurrency in which every transaction can be viewed but is not tied to any personal data. Nevertheless, it is still possible to determine information from these transactions, especially when using centralized services like exchanges and online wallets.
So if you want to make an anonymous transaction, there are some precautions you must take. For example, it is possible to use a mixer to throw off chain analysis. However, these require you to trust the mixer operators.
There is, however, a service that allows you to take advantage of the Monero anonymous cryptocurrency in order to achieve true privacy when making a BTC payment. This service is called XMR.TO and it allows you to make an anonymous Monero transaction and in turn sends the address you insert the same value in Bitcoin. Thanks to the nature of XMR, the operators don’t know who the transaction came from.
The service can see your IP when you use it but that can be mitigated through the use of the Tor Browser as XMR.TO provides an onion link that you can use.
So, let’s see how it works:
Step 1: Click here to go to XMR.TO
Step 2: Enter the Bitcoin address, the one where you want the payment to be sent
Step 3: Enter the amount you want to pay
Step 4: Now click “Create”
Step 5: Send XMR with the payment ID to the address shown. If you don’t know how to, read this guide.
Step 6: Now wait for the transaction to be confirmed
Once the XMR transaction has been received, your BTC will be sent to the specified address
The BTC will be sent and there will be no relation between you and the address that sent the BTC transaction.
- Maximize Your BTC Profit During a Bull Market: Bexplus Investment Tips Sponsored
- Everything You Need to Know About Grin and Mimblewimble
- Permaweb: Creating An Uncensorable World Wide Web
- BitTaxer: Simplifying Cryptocurrency Tax Filing for the 2018 Tax Season
- How to Buy Bitcoin With Luno
- Everything You Need to Know About Ripple and XRP
- How to Buy Bitcoin With EO.Finance
- Why Is the Price of Bitcoin so Volatile?
- Why Do Bitcoins Have Value?
- What is a Security Token?