Use Monero (XMR) for privacy. You can obtain anonymity in Bitcoin, but its hard to maintain. Most people can't do it reliably. If you send Bit on to or from a kyc wallet, it's all over. The taproot soft fork holds opportunity for privacy on Bitcoin, but I think it has a way to go until available.
Privacy Hub
Privacy hub is your one stop hub for all things privacy, security and freedom. We know that there’s nothing private in the internet. But at least we can find ways to minimize risk by identifying threat models and act accordingly. Got a story to tell? Or something to share? Feel free to jump in!
UPDATE: Got started with a guide here: https://lemmy.world/post/954144
Will add more soon.
Until a more comprehensive list can be made in this community check out https://www.privacytools.io/ as a starting place to begin your privacy journey. NOTE: that some recommendations in that site are closed-source as pointed out by @lemmy.world/u/rooki.
Some ammendments we would like to point out
- nextdns -> if you can self host “pihole” is 100% open source and free
- Surfshark -> use MULLVAD instead. It’s affordable and has been audited.
- Keepass as a password manager.
PrivacyHub is a place where users from the fediverse are welcome to discuss, answer, share news and exchange best privacy practices.
The KYC is concerning. For instance, Binance started requiring not just IDs but proof of income documents. While from a financial standpoint, this is understandable to a degree, privacy-wise, it tells a grim and scary picture not only because it has implications at the personal level but because it is contradictory to the initial intention of cryptocurrencies in general, which is the decentralization of “cash” or payments.
Bitcoin is anonymous in the part that the public addresses are not directly identifiable. But all transactions are identifiable and the most "buy" and "sell" are from tracking websites.
Not something like monero. That is in many cases better and more anonymous.