Is the sender's name visible when bitcoins are sent from Coinbase?
Kollamaram MamathaDec 27, 2021 · 3 years ago5 answers
When sending bitcoins from Coinbase, can the sender's name be seen by the recipient?
5 answers
- Dec 27, 2021 · 3 years agoYes, when bitcoins are sent from Coinbase, the sender's name is not visible to the recipient. Bitcoin transactions are pseudonymous, meaning that they are not directly linked to the sender's personal information. Instead, transactions are recorded on the blockchain with a unique address. This address serves as the identifier for the sender and recipient, but it does not reveal their names. This anonymity is one of the key features of Bitcoin and many other cryptocurrencies.
- Dec 27, 2021 · 3 years agoNo, the sender's name is not visible when bitcoins are sent from Coinbase. Bitcoin transactions are designed to be private and secure, and the use of pseudonyms instead of real names is a key part of this privacy. The sender's identity is protected by the use of cryptographic keys, which are used to sign transactions and verify ownership of the bitcoins being sent. This ensures that only the intended recipient can access the funds, without revealing the sender's personal information.
- Dec 27, 2021 · 3 years agoAbsolutely! When you send bitcoins from Coinbase, the recipient will not see your name. Bitcoin transactions are based on cryptographic keys, which are unique to each user. These keys are used to sign transactions and verify ownership of the bitcoins being sent. The recipient will only see the public key associated with your Coinbase account, not your actual name. This provides a level of privacy and security for both the sender and the recipient.
- Dec 27, 2021 · 3 years agoYes, the sender's name is not visible when bitcoins are sent from Coinbase. This is because Bitcoin transactions are recorded on a public ledger called the blockchain, which only shows the sender and recipient's addresses. The sender's name or personal information is not included in the transaction details. This ensures a certain level of privacy and anonymity for users of Coinbase and other Bitcoin wallets.
- Dec 27, 2021 · 3 years agoFrom my experience at BYDFi, I can confirm that the sender's name is not visible when bitcoins are sent from Coinbase. This is a fundamental aspect of Bitcoin's design, as it prioritizes privacy and security. Transactions are recorded on the blockchain with unique addresses, rather than personal names. This ensures that the sender's identity remains anonymous, while still allowing for secure and efficient transfers of bitcoins.
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