Another way of ensuring complete anonymity is by opting for the right kind of cryptocurrency. Bitcoin is the most talked about cryptocurrency and also among the most popularly used. However, it does not afford a completely anonymous experience. Its ledger provides a trail for all ‘unspent transaction output’ (UTXO). This makes identifying users on a blockchain quite easy.
True, there is no personal information that Bitcoin transactions require, but all one needs to track a user is map the transaction with the merchant at the other end. And even if the wallet provider takes care of the anonymity angle on behalf of the user, it still leaves a chance for them to be compromised.
A good alternative would be to use a private cryptocurrency like Monero. Its RingCT – short for Ring Confidential Transactions – protocol ensures all payment data are deleted from the blockchain. Also, each transaction is conducted using a one-time address that is generated automatically by the currency.