this post was submitted on 14 Mar 2024
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Privacy
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Bitcoin is not privacy protective.
This. In fact, it's the opposite and designed for transparency.
I wonder why they don't just have Monero as an option
There are ways to achieve significant privacy using Bitcoin, the protocol itself is pseudonymous, lightning in many ways enhances privacy. But you need to know what you are doing and there are many gotchas.
BTC --> XMR --> BTC is the simplest method to achieve anonymity with Bitcoin, or you can just purchase Monero directly via cash by mail.
How many dollars do you need to spend to get $1 worth of Bitcoin using this method?
Between basically nothing and way to much depending on the amount you transfer, the method you use and the country you live in
Just make sure you dont use the same amount..