Actually, no. Bitcoin is anonymous, but it’s far from private—an important but often overlooked distinction. The blockchain—bitcoin’s historical ledger of all transactions—is publicly viewable at all times by anyone, so that there can’t be any under-the-table cash transactions.Jun 16, 2021
That’s because the same properties that make cryptocurrencies attractive to cybercriminals — the ability to transfer money instantaneously without a bank’s permission — can be leveraged by law enforcement to track and seize criminals’ funds at the speed of the internet. Bitcoin is also traceable.Jun 9, 2021
All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network. Anyone can see the balance and all transactions of any address. Since users usually have to reveal their identity in order to receive services or goods, Bitcoin addresses cannot remain fully anonymous.