Bitcoin is not a privacy coin, it's transparency is a prime function of its "Don't trust, verify" ethos.

There are privacy coins if you want this and there are many ways to obscure your Bitcoin transactions and even sidechains like Liquid which offer transaction encryption.

But inherently Bitcoin is the opposite of a privacy coin, by design.

Reply to this note

Please Login to reply.

Discussion

The Ledger is transparent, the tools we use with it don't have to be

It sounds like you have a predetermined agenda.

I wont step in your way 😂

No Agenda, just a vision of a better, more private future & financial independence

In that case, I think the Monero guys lurking about here would help you.

Bitcoin for the NGU and Monero for spending privately.

The slightly less better option is Liquid, Blockstreams side chain. It pegs Bitcoin to its liquid Bitcoin L-BTC 1:1

It encrypts the transaction values, but not the wallet addresses. It is a federated network run by around 30 major companies, including Blockstream.

I would have shared a link to their blockchain, but it appears Cloudflare are down again, but for future reference, this is a public copy of their blockchain

https://liquid.network/

Is a Bitcoin ATM transparent? Does it need KYC?

Depends on the ATM and the jurisdiction it is operated within, but there is nothing that technically requires KYC.

If you're thinking in terms of privacy, then a Bitcoin ATM that offers Lightning would be more private than a mainchain transaction.