It is not completely anonymous because each Bitcoin owner has an address that is publicly known and theoretically can be traced using the IP address of the owner's system or platform on which he has  created the account with a little network analysis, all its components such as, public or private key, the address and transactions are recorded in the form of text strings and the public addresses are not directly linked to the identity of the owner, if the user has given his address to a Bitcoin platform while registers, then it can be linked to the properly identify in the real world.

At first, people think that Bitcoin is very easily accessible and a safe haven for scammers, terrorists, and criminals for being so anonymous because blockchain technology was not well known to the public, by understanding this technology it appears as a huge ledger of the public and a mine of information for the authorities because every time a transaction occurs it is stored in a ledger that is immutable, so if any address linked to a real-world identity it will be not private

Tools to increase privacy

To save and hide the identity of the user of bitcoin there are many tools available these days they are not so perfect if you really did not understand them Bitcoin Mixers are one of them which mix the BTC with others to secure the privacy of the owner of bitcoin never revealed the identity of the user unless it is linked to real-world addresses like if  you use a wallet or exchange from where you buy or withdraw BTC you have to provide your address and identity so they actually know your address which did not leave bitcoin anonymous

Risks while doing  Bitcoin transactions

As users have to give their full address to the exchange or platform while conducting bitcoin transactions so that the Bitcoin owner's address is no longer anonymous, there are also many ways and techniques that link the Bitcoin identity to the real-time address. Blockchain technology is one of them, which verify transactions and collect user data and store it in a Block or ledger, every time a transaction occurs it means that Bitcoin is moved from one user to another user's account, The user's address also changed with its ownership. risk of revealing all kinds of information and personal data when making transactions, by spending the coins is so high that miners can assess how many coins you have in your account and what you are spending them on, and much more.to learn more deeply about bitcoin visit bitcoinsupreme.net.

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Importance of privacy if you own Bitcoin

There are so many reasons why people don't want to reveal their primary privacy and the first one is that people do not want the world to know about the hoard of Bitcoins and how they spend their money and what they are earning with bitcoin, a lot of people don't want to disclose their assets to someone, maybe someone kidnaps the user or creates some problem for the owner of bitcoin, in fact, there are many other reasons for privacy,

Using tools for Bitcoin is legitimate

 Privacy is the legal right of everyone which is established in article 12 of the Universal Declaration of Human Rights.

Therefore, getting benefit  from all kinds of privacy, including privacy tools used for Bitcoin, is also legitimate, such as coin mixers and others, each person has the freedom to enjoy the privacy they pay governments for, so the concept of using privacy tools is only for criminals or scammers is completely false, so these tools can be used for the privacy of Bitcoin accounts and illegal use of Bitcoin as by terrorists and criminals is very little

Can the privacy tool be banned?

This is really a very big and important legal question, so the answer is that it can be and that it can be not because of the different laws and regulations in different parts of the world, each country has its own system of jurisdiction, for example, the authorities can claim that the Bitcoin service is being used for money laundering or terrorist financing

Most of the privacy tools services for Bitcoin, such as mixers, are centralized, which means that they are completely under the control of the relevant authorities, they can be closed at any time, but it has not happened yet, and all services are working properly, even if it will be banned there. come so many ways to keep your treasures secret