THE alternative to buying anonymous Bitcoins (and other cryptocurrencies)

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THE alternative to buying anonymous Bitcoins (and other cryptocurrencies)

There are several ways to obtain anonymous Bitcoins and other coins, which also have several vulnerabilities. We would like to briefly explain these ways and the associated risks here.

Basically, there are 3 methods to buy Bitcoins anonymously:

  • Using a mixer
  • Buying at a Bitcoin/Crypto ATM
  • Mining coins yourself

Bitcoin and other currencies, as everyone knows, are based on a blockchain – meaning all previous transactions are publicly viewable

This becomes a problem especially when using mixers, as the amount deposited and paid out can also be tracked across multiple (and even different) wallets. Better mixers therefore rely on time delay and splitting into multiple transactions. But even these transactions could be tracked with enough computing power and know-how one day.

The alternative is to buy from a vending machine. Unfortunately, however, there have been many changes in this area recently as well, and for higher amounts, deposits are no longer possible without proper proof of identity.

Crypto ATM

Crypto-ATM

In addition, there is always the risk of a logged IP address when signing a transaction on the network

So what is the safest solution to obtain anonymous Bitcoins and other cryptos?

The solution is relatively simple: simply mine the coins yourself!

This creates almost new coins, so to speak, “almost” because the mining pool receives the coins first, of course, which are then paid out to the miners.

How is the problem with the IP address solved?

Here the use of a VPN is a good solution. Miners (of all manufacturers) also work with the appropriate router via a VPN (we also have a separate article on this). In addition, the popular Electrum can also be used as a wallet, e.g. for Bitcoin. The advantage of Electrum as a wallet is the availability of the TOR network, i.e. a connection is never established directly to the BTC network

All that is required is to download and launch the TOR browser. In Electrum, the proxy is then activated under the settings.

Electrum Tor Proxy

Electrum Proxy Settings

A logging of your real IP is thus excluded both when mining and when paying (with Electrum at BTC).

The only remaining risk is with your VPN provider – which can of course be reduced by a good choice.

How can I get a miner at a reasonable price?

The newer models with high efficiency are of course more expensive, but if the goal is anonymity, profitable efficiency doesn’t even need to be there. Purely logically, it is enough if the cost of electricity can be converted into anonymous BTC, ETH, etc.

Of course, older and used models from Bitmain and Innosilicon are perfect for this. Therefore, we at Millionminer not only offer new goods, but also used miners (to the store – click here). Of course, our miners are tested again for function before shipping and the test is documented by video.

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