Are Cryptocurrencies really anonymous?

Are Cryptocurrencies really anonymous?

This depends on the nature and structure of the Cryptocurrency in question.

We highly recommend doing a bit of research before adopting any Cryptocurrency.

As for Bitcoin and Ethereum, transactions only require the public address of the wallet. The name of the account does not have to reflect your real name.

At CoinHako, we value the need for Know Your Customer (KYC) regulations. Hence, we require customers to verify their identities before they buy bitcoins. This helps us flag out suspicious activities and help law enforcers track down criminals.

In fact, using bitcoin might just be easier to trace malevolent actors as all transactions are on an online ledger for all to see.

You can find out more about our verification processes here.

Further details about anonymity can be found online or here

Figured it out? Start Trading Now!

If you require further information do not hesitate to contact us here or stay tuned to our Blog for the latest updates.

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