Pseudonymous vs Anonymous - Which One Is Better for Crypto
Processing data subjects is a standard step in crypto operations, and even though many platforms promise 100% anonymity for their operations, that’s not entirely true. You need to consider several aspects when doing crypto purchases or trades, especially when trying to secure personal data.
One of the main is the system protecting a person’s identity. There are two main ways a crypto website uses to ensure data security and protect the original data subject ID: Pseudonymized data and anonymized data.
Each one has its characteristics and advantages for the crypto community. If you don’t know how each one impacts the data of an identifiable natural person, don’t worry. We will help you.
In this article, we will show you the main differences between anonymous and pseudonymous data to ensure you make the right decision when choosing a platform for your crypto operation. Here are the main details you should know regarding data protection.
Pseudonymous vs Anonymous - Which One Is Better for Crypto
Anonymous Data in Crypto
Before seeing which option is better and why, it is essential to understand what each data encryption method means and how they impact the direct identifiers of each operation. As the name implies, anonymous data is processed in a way that conceals personal identifiers, keeping them confidential and inaccessible to third parties or any unauthorized entities.
Anonymity means you’ll be unknown throughout the entire process so that none of your information can be seen or directly identified, whether it’s your name, telephone number, or any other data.
Are Transactions Really Anonymous?
Various websites and platforms promise 100% anonymity when processing crypto transactions. But is that true?
There’s no such thing as a 100% anonymous transaction, and every operation is traceable to a certain level. Some platforms and blockchains offer extra layers of security that increase personal privacy, but none of them can ensure total anonymity.
This happens not only as organizational measures but also thanks to data breaches that hackers and other third parties can explore since it’s an online operation. But there are several procedures you can take to protect your data in such a way that you’re no longer identifiable by people with bad intentions.
Pseudonymized Data in Crypto
The other standard method to ensure user privacy in crypto is pseudonymized data. Instead of just hiding your identity, like with anonymous operations, here you’ll pseudonymize data, meaning that your private information will pass through a re-identification process.
If a third party or specific person tries to access your information, they’ll see a false name, address, phone number, etc. One example of pseudonymity is the Bitcoin blockchain, which will automatically re-identify individuals to ensure their privacy when using the coin.
Re-identified information works like encrypted information. Depending on the platform, you can visualize the real information if you have the decryption key, which is held only by the user doing the operation.
Data Protection Laws
This might vary depending on your country, but most places have data protection laws that ensure the users' privacy and security. There are several privacy laws that companies must obey in order to operate legally. One of the main ones is GDPR.
GDPR means General Data Protection Regulation. It is considered the toughest data protection law in the world. It imposes numerous criteria and requirements for programs that operate using users’ data.
The GDPR applies to any country in the European Union and every company that operates there. It is one of the most rigid laws regarding data protection and applies to any company that collects data from European citizens, imposing a series of obligations and procedures.
One of the main methods companies use to achieve GDPR compliance is to use pseudonyms to hide information like your social security number, name, and additional information that must be protected according to the law. This way, you can easily respect the obligations and decrease users’ exposure risks.
Which One Is Best: Anonymous or Pseudonymous?
As we mentioned, there’s no current method to hide your identity and personal information completely, and the real data can be tracked using the right tools. But between the two options, which one gives you the most protection?
This will depend on the security features of the platform and what they do to hide your identity. Overall, between the two options, anonymity usually gives the user an extra layer of protection and makes it harder for the government and hackers to access your real data. Keeping your information well hidden is vital when doing crypto operations. It helps keep your personal data safe and decreases wallet vulnerability.
Pseudonymity is also a valuable feature and provides high security for your information, but it is generally easier to track the user's real ID. Both provide excellent security to whoever uses the platform, but anonymity still has a slight advantage.
Best Ways to Purchase Crypto Using Anonymous and Pseudonymous Data
Now it’s time to see some of the best options you can use to purchase crypto safely and without exposing yourself. All the options below protect your data through different mechanisms and features, ensuring safe website navigation and avoiding data theft, whether concerning personal or crypto wallet information.
Make sure to take a look at each option to see which one best suits what you’re looking for. Here are the best ways to purchase crypto safely:
Crypto Vouchers
One of the most secure ways to add funds to your wallet is using a crypto voucher. You can easily add funds using a series of payment methods, and the best part is that you have no KYC.
This means no transaction will have third-party interference, increasing your privacy and making your data more secure. You can easily add any value you want using simple steps.
Crypto Vouchers work like Steam gift cards, where you receive a code that, once redeemed, automatically adds the specified amount of Bitcoins to your wallet.
Once you acquire a Crypto, you just need to access cryptovoucher.io and redeem the code. After doing that, the funds will instantly be transferred to the specified wallet.
It is the best option if you’re looking for safe ways to buy crypto and ensure your privacy. Whether you’re a beginner or an advanced user, there are tons of options, ensuring you’ll find the perfect one that suits your budget.
Where to Purchase Crypto Vouchers
There are several options for buying Crypto Vouchers, but RoyalCDKeys is the best for your safety and wallet. We offer a variety of payment options, ensuring you find the right one for your needs.
The best part is that since we offer a variety of products, going from vouchers to games and software keys, your purchases won’t be highlighted as crypto. This means you don’t need to worry about your bank not authorizing the purchase or paying extra fees at the end. We offer crypto vouchers at a huge range of prices, so whether you want to add small or huge values, we have the right option for you.
Purchasing at RoyalCDKeys is exactly like buying from the official site, with the advantage of not being highlighted as crypto. Once you complete the process, you’ll receive a code that can be redeemed on the same website, automatically transferring the funds to the specified wallet.
Conclusion on Pseudonymity vs. Anonymity
Safety and privacy are two vital items when purchasing crypto of all kinds, and two of the main aspects users need to consider are pseudonymized data and anonymity when purchasing digital assets. Many websites offer different security tools and features to provide users with a better experience when navigating through the website or app. Even though 100% privacy is still impossible, their features have a huge role in protecting you from hackers and third parties trying to track you.
Among the two options, anonymity still offers an extra layer of protection for your personal data, but both methods are great and offer powerful solutions for hiding your real data.
Now that you know everything you need, it is time to add the crypto funds to your wallet. There are numerous safe options that ensure the best safety for both your ID and wallet data.