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Tether
Tether is completely traceable. Transactions are made to be visible at all times to all parties involved, and to the users from outside. Of course, there are workarounds, such as "shielding" coins using apps. However, transparency is a fundamental quality of Tether due to the fact it under control of a private company that requires your personal details.
Is USDT anonymous?
As for the disadvantages of cryptocurrency, Tether is controlled by a private company. The purchase of tokens allows this private company to obtain information about you because it needs to transfer money to your bank account. Before you even provide this data, you must go through the entire process that requires stating your address of correspondence and source of income. Hence, the answer is the currency USDT is not anonymous.
How to buy and sell USDT anonymous
Although Tether is closed source and pseudo-anonymous, you can also buy and sell Tether (USDT) anonymously using the following measures;
- Buy and sell USDT anonymously using anonymous wallets
- buy and sell USDT using Tether Mixers. Here, you do not need to register; however, you are to pay for mixing fees.
- Buy and sell USDT anonymously by using anonymous exchanges to swap USDT and Bitcoin
- Buy and sell USDT using credit cards on crypto ATMs like Shitcoins.
- Trade USDT below the KYC/AML limits on crypto exchanges, ATMs, and wallets
