BitHide ᐉ Cryptocurrency Security for Your Business

Why cryptocurrency is not an anonymous means of payment

Although most users consider cryptocurrency itself an anonymous means of payment, actually, it’s not. Let’s discuss why.

Blockchain is a decentralized technology based on a network of nodes (connected computers) that verify transactions and keep their details. There are multiple nodes on a blockchain, with many of them owned by state bodies and private companies. What does it mean for an end user?

When you need to get or transfer coins, your wallet connects to blockchain nodes. For this, your wallet must unveil its IP address. Otherwise, it can’t connect blockchain network. Since the share of the state nodes is significant, it’s a high chance that your wallet will connect to one of them.

Having your wallet’s IP address, the interested parties can detect your real location, all the transactions, and your wallet’s structure.

However, with BitHide, you can be safe. Let’s investigate why.

VPN or TOR separately: no pledge of anonymity

BitHide uses TOR and VPN simultaneously, which empowers the wallet with top anonymity. But why can’t these technologies grant anonymity when used separately?

According to the legislation of most countries, VPN servers must share their client data with the official bodies of the countries where these servers are located. This means VPN itself can’t assure the anonymity of your transaction data.

When it comes to TOR, it grants anonymity. However, most nodes can’t accept TOR-driven access. This makes the usage of TOR itself inefficient, too.

BitHide marries both technologies, which brings transaction anonymity to a new level.

How to remain anonymous when using cryptocurrencies

So, how can BitHide ensure transaction anonymity?

Using TOR, BitHide protects the wallet’s IP address from the interested parties when connected to their nodes, whereas, with VPN, BitHide can connect to nodes blocking TOR connections.

This means

your wallet can access a blockchain through any node,
your wallet’s IP address is hidden,
your wallet’s structure is concealed,

no authorities can identify

How Dark Wing Works

The Dark Wing technology involves two stages of hiding your actual IP address.

First, TOR entangles the blockchain nodes participating in the transaction. This process allows for hiding your real IP. However, only with the TOR encryption the blockchain network may block the access of your gateway. That is why BitHide added the second stage of encryption, VPN.

With VPN, blockchain enables TOR-encrypted transactions.

For each new transfer, the Dark Wing changes its IP address. As a result, it makes it impossible to trace your transactions to a single wallet based on the IP address.

As a result, you get these benefits:

Increased privacy and anonymity. Your IP address is unavailable for third parties. It means that nobody can see who is sending or receiving crypto payments.
Enhanced security. Dark Wing technology encrypts your data through VPN service providers. This approach also protects your data from hackers and cyber threats.
Untraceable transactions. The Dark Wing technology hides IP addresses for each transaction. This allows you to keep your wallet structure impeccable.

Benefits of Dark Wing

Let's consider the advantages of the Dark Wing technology using BitHide.

It ensures your transactions are completely anonymous. While many wallets claim to be anonymous, they may still reveal sensitive user information upon legal request. With BitHide, you can keep your identity and IP address hidden from potential hackers or malicious and even legal third parties. BitHide's Dark Wing technology lets you rest assured that all data our software processes is your property, and no third party can detect your IP address.

By utilizing the TOR network and VPN service providers, the Dark Wing technology ensures that blockchain nodes do not block your transactions. This means you can use an anonymous crypto payment gateway without the risk of rejecting or flagging your transactions.

The Dark Wing technology constantly changes the IP address for each new transaction. As a result, no one can detect your wallet's IP address or identify its structure.

All your data is stored on your private servers. As a result, server owners are the only ones who can grant third parties access to their information. We value your privacy and security, so we go above and beyond to protect your crypto assets. This means only you, as an only owner of your data, consider whether you are subject to KYC/AML requirements.

Overall, the Dark Wing technology used by BitHide's crypto payment gateway solution provides high security and privacy for your crypto transactions, allowing you to have full control over your funds without the risk of interference from third parties.

To conclude, BitHide is a good fit for various types of businesses. For example, it meets the requirements of ecommerce and its urging need to accept crypto payments as one of the options. Meanwhile, you can use BitHide for grey-hat projects, for which crypto is the preferable option to pay.

How to set up and use Dark Wing to protect cryptocurrency

Setting up and using BitHide to protect your cryptocurrency is a straightforward process that requires minimal technical expertise. Let’s explore how the setup process takes place using BitHide as an example.

Step 1. Contact us to get a quote and the installation package. It includes an installation guide and software to install on your private servers.
Step 2. To ensure complete anonymity of your crypto wallet, you need to install the BitHide solution on your private servers and have full control over the transaction data.
Step 3. Incorporate our solution into your online platform or application to start using the benefits of the Dark Wing technology.
Step 4. Enjoy privacy and full control over your data and funds. Stay anonymous.

FYI: The installation process is quite simple, and you only need the assistance of one tech specialist (engineer or developer).

Once you have installed the software, get detailed guidelines on using BitHide to maximize your crypto security.

The guidelines are comprehensive, easy to follow, and cover everything you need to know to secure your transactions. Additionally, you will have access to customer support should you face any issues during the installation or use of the BitHide solution.

By installing BitHide on your private servers and following the guidelines provided, you can rest assured that you have complete control over your transaction data and can maintain anonymity while conducting transactions.

FAQ

What is crypto security?

Crypto security or crypto safety refers to protecting digital assets from theft, fraud, and unauthorized access. It involves utilizing various encryption and authentication techniques to ensure the protection and privacy of digital transactions and wallets.

How do I buy crypto and keep it safe?

To keep your crypto secure, choose a reliable payment gateway and use a crypto wallet that lets you control your private keys and keep them safe. Make sure also to enable two-factor authentication and regularly update your software.

What is the best way to protect cryptocurrency?

How to protect cryptocurrency? The best way to secure cryptocurrency is to use a combination of security measures, including using a reputable and secure wallet, enabling two-factor authentication, backing up your data, and keeping your private keys secure.

In addition, a secure payment gateway like BitHide, which offers advanced encryption technologies like TOR and VPN, can provide cryptocurrency security for transactions. Using BitHide is the best way to keep crypto safe.

What is the safest way to store cryptocurrency?

When it comes to storing cryptocurrency, security should be your top priority. Keeping your private keys safe is essential to prevent unauthorized access to your digital assets. For businesses, the safest way to store cryptocurrency is to accept it with a crypto gateway vouching for the premium anonymity and privacy level. BitHide is such an example.

Why is it important? If you use an anonymous gateway, nobody can access the structure of your crypto wallet. It means that even legal bodies can’t either suspend your account or access its details. Use it for any type of business and keep both your data and funds safe. BitHide enables using and storing Tether, Bitcoin, Ethereum, Tron, and other coins.

Can your crypto wallet be hacked?

Unfortunately, your crypto wallet can be hacked if proper security measures are not taken. Hackers can access your wallet through various means, such as phishing scams, malware attacks, and social engineering tactics. Therefore, it is essential to keep your private keys secure and use trusted hardware. Additionally, being vigilant and cautious when accessing your wallet and using the internet is crucial.

A secure and safe payment gateway for cryptocurrency transactions is crucial to protect against hacking and theft. BitHide is a payment gateway solution that prioritizes security by using advanced encryption technology to ensure the anonymity and safety of transactions. It also allows you to store your private keys on your own private servers for added security.

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