Not at all. Bitcoin, the most popular cryptocurrency, works on a protocol that attempts to shield the participant’s identity using pseudo name addresses. These pseudo names are randomly generated combinations of alphabets and numbers.
However, that approach offers limited privacy as both the bitcoin addresses and the transactions are registered on the blockchain, opening them to public access. Even the pseudonymous addresses are not fully private. A few transactions carried on by a participant over a time span can be linked to the same address, allowing the possibility of public, government, family, and friends to become aware of an address owner’s trends, and hence, his identity.
Before investing in Bitcoin you must take into consideration also some well-known issues issues Bitcoin users need to know if they want to protect their wealth. These include Bitcoin price volatility, secure storage of cryptocurrency, use of insecure third-party services, and cyber-security threats like hacking.
Bypassing to DigitalDiamonds will ensure that you get rid of all these inconveniences. We do use Bitcoin for transactions only, in order to skip the huge fees that banks are practicing all over the world. Once the payment is processed, bitcoin is instantly converted to USD