Is Bitcoin anonymous?

Understanding Bitcoin's Privacy Features

Contrary to popular belief, bitcoin transactions are not anonymous but pseudonymous. This means that while real-world identities are not directly revealed, transactions are recorded on the public blockchain, providing transparency and traceability.

Replacing Personal Information with Bitcoin Addresses

Bitcoin transactions are associated with cryptographic addresses, rather than personal information. Users are identified by their unique Bitcoin addresses, which are randomly generated strings of characters. This pseudonymous feature offers a level of privacy as transaction details are not directly linked to individuals.