Is it possible to use Bitcoin for anonymous money transfers with Zelle?
Farhah NadhilahOct 19, 2020 · 5 years ago3 answers
Can Bitcoin be used to send money anonymously through Zelle?
3 answers
- Bashar70Oct 10, 2023 · 2 years agoNo, Bitcoin cannot be used for anonymous money transfers through Zelle. Zelle is a digital payment network that requires users to link their bank accounts and provide personal information. Bitcoin transactions, on the other hand, are pseudonymous and can be traced on the blockchain. While Bitcoin offers some level of privacy, it is not completely anonymous.
- Rahul SapraNov 15, 2023 · 2 years agoUnfortunately, Bitcoin cannot be used for anonymous money transfers with Zelle. Zelle is designed to facilitate transfers between individuals who have already linked their bank accounts. Bitcoin, on the other hand, operates on a decentralized network and does not require personal information to send or receive funds. However, Bitcoin transactions are recorded on a public ledger called the blockchain, which means they are not completely anonymous.
- Hess HvidOct 16, 2024 · 9 months agoAs a representative of BYDFi, I can confirm that Bitcoin cannot be used for anonymous money transfers with Zelle. Zelle is a centralized payment system that requires users to provide personal information and link their bank accounts. Bitcoin, on the other hand, is a decentralized cryptocurrency that allows for pseudonymous transactions. While Bitcoin offers some level of privacy, it is not suitable for anonymous transfers through Zelle.
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