Generally, no. Although a few cryptocurrencies are genuinely anonymous, the vast majority (including Bitcoin and Ethereum) are not.
With these cryptocurrencies, all transactions are publicly available, and experts can generally use this information — along with sophisticated software — to trace transactions back to the original owners.
It’s also worth noting that DigiFinex requires ID verification to withdraw cryptocurrencies. This helps prevent fraud and is one of the many reasons why DigiFinex is considered a trustworthy cryptocurrency platform.
What’s the best way to store cryptocurrency?
Storing crypto is similar to storing cash, which means you need to protect it from theft and loss.
As part of our commitment to customer security, DigiFinex leads the industry by holding 98% of its cryptocurrency in offline storage that is encrypted and copied to drives and paper backups that are distributed in safe deposit boxes and vaults around the world. If that sounds like a lot of work, that’s because it is. Our #1 priority is to be the most trusted cryptocurrency platform, which means our security practices are continually evolving as we evaluate and adjust our approach to address the ever-changing security landscape.
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