How has 2019 been for you? Thank you for spending a little time with us.
This year, we built a product that people use. That in itself is incredible, and a sign that maybe we’ve stumbled upon something that people really want, in an industry that sometimes feels confused.
In November 2019, Incognito said hello to the world. Since then, there have been 122,000 anonymous transactions. 1,200,000 blocks produced. 700 nodes online. 30 community-created trading pairs. 16,000 completely confidential trades.
Wondering why a crypto wallet is better than an exchange wallet? Then this is the article for you – let’s discover what makes the best private crypto wallet!
What is a crypto wallet with a private key?
What is a crypto wallet?
The purpose of a crypto wallet is essentially the same as the wallet you’re carrying right now, only it’s based online rather than in your pocket. It helps you store and manage your cryptocurrency assets like coins and tokens, as opposed to your physical cash.Continue reading Best Private Crypto Wallet: How to find it?
Lunch Money is an ERC20 project that rewards people for leaving feedback when they eat out. Hundreds of reviews have already been submitted, and starting now, users can choose to receive Lunch Money rewards privately using Incognito.
December 20, 2019 – Today, Matic and Incognito announce their collaboration to deliver essential functionality for Ethereum – the blockchain that powers a huge majority of all existing use-cases for the technology. Through the use of decentralized sidechains, Matic brings speed and Incognito brings privacy. Both already running on their respective mainnets, these projects demonstrate a shared commitment to increasing real-world viability for blockchain-powered apps and currencies.
The Binance roadmap is one of the most ambitious in the sphere – signaling leaps towards a fully tokenized economy. In the race between blockchain protocols, speed and scalability are crucial parameters by which to measure both real-world applicability and long-term sustainability. Binance Chain scores highly in both.
Privacy will be the third.
Special announcement: we have decided to temporarily pause the current competition and will re-open the competition after 1 month.
Privacy Crypto Competition is a competition for Incognito Wallet users who transact Privacy BTC (pBTC), Privacy ETH (pETH), or Privacy USDT (pUSDT). To join, all you need to do is to download the Incognito Wallet, turn your cryptos into privacy cryptos, and transact privacy cryptos of one of the 3 types mentioned above.
The competition will take place from 17:00 UTC, December 18, 2019 to 23:59 UTC, January 31, 2020. The winners will be announced in February 2020.
PERKS are tradable coupons in the form Privacy Coins on the Incognito blockchain. Issued just 2 weeks ago, PERKS has reached close to 400 transactions and has built a telegram following of over 120 users.
We’re examining the top wallets in these categories: Best overall, Best for security, mobile and desktop, Best private crypto wallet and Best for Hardware.
The world of cryptocurrency is an exciting and fast-paced place but there can be quite a lot to learn to get up to speed. Choosing the right wallet is of paramount importance for your experience as a holder and trader of crypto assets, and this guide will hopefully make that decision easier. We’ll give you a clear rundown of what we think are the best Crypto Wallets on the market right now and you can find your answer to the burning question – which wallet is right for me?
First things first, what exactly is a Crypto Wallet?
A crypto wallet is what you use to keep track of your digital assets, like how much BitCoin you have. It can either be in the form of a digital app, optimized for PC or mobile use, or it can actually be a physical piece of hardware that you’ll plug into your computer to access. Much like with an internet bank account, you can send and receive currency and everyone has an address – only they’re called ‘keys’. Every wallet has at least two, a ‘public key’, which is your address for receiving funds from others, and a ‘private key’ which is used for sending funds.
What makes a good Crypto Wallet?
There are many aspects that can be taken into consideration when evaluating how objectively good a wallet is. We’ve considered aspects like ease of use through its interface, the security on offer, the privacy that can be obtained, the fees payable for transactions and many others.
For those in the know, it’s unsurprising that the CoinBase Wallet tops our list. It’s been the largest BitCoin exchange in the world for some time, has in excess of 30 million users and boasts a market cap of over a billion dollars.
One of the reasons for their success is that the CoinBase Wallet is perfect for beginners. The interface is simple to use, it’s intuitive and incredibly straightforward to connect a bank account or card to add funds, with an ‘Instant Buy’ option available after some identity verification.
There is also the peace of mind that users have from the fact that their wallets are FDIC insured up to $250k and that the company holds all the certification and licensing to operate in 32 countries. If you combine all of this with an impressive degree of liquidity and comparatively high buying limits, you’ve got a seriously impressive product.
The only downsides are the relatively high trading fees compared to some other wallets and that they hold and control your private key, which doesn’t sit well with some.
Conclusion: A great starting point for newbies as it’s easy-to-use, fees can be relatively high compared to other options.
If you’re gravely concerned about security, then you’re going to need to take your wallet offline, in the form of some seriously cool hardware. Czech company Trezor offers a slick solution here starting at 59 euros for their basic model.
The key factor with this bit of kit is actually the lack of connectivity it provides – it doesn’t have a battery, there’s no wireless, Bluetooth or NFC available – meaning that the device can’t be compromised. Twinned with the PIN required, on-device verification requirements for transactions, and your crypto wallet and the private key stored on the device are as safe as can be.
Trezor is compatible with the big 3 operating systems (Windows, Mac and Linux) and users have the option of either using their native interface or connecting to a third-party wallet, in order to trade. In any case, there’s support for over 1000 coins. Secure and versatile.
Conclusion: The safest way to store your assets with plenty of verification points, but hardware can be lost or stolen and it doesn’t offer quite as much as the Ledger.
Relative newcomers to the Crypto world, Incognito, have developed a wallet that focuses on an often neglected issue that has plagued blockchains for some time, that of privacy.
Right now, public ledgers on blockchains actually display a whole raft of financial information, that anyone with a search program can start piecing together. With sender and receiver IDs out there, with balances and transaction details being on show – it’s not hard to work out who has what in terms of crypto assets. With tens of millions of assets hacked and stolen in recent years, it’s clear that something needed to be done.
The Incognito Wallet is currently the best private crypto wallet that gives holders of tokens ‘Privacy’ equivalents that are pegged at a ratio of 1:1 to the respective currency, which allows transactions and balances to be securely masked and hidden on their blockchain. Users can send bitcoin anonymously along with other popular coins/tokens with complete privacy. The wallet also allows users to hold and manage their own private key, giving them a greater degree of control.
The Incognito Wallet itself is optimized for mobile use and is also incredibly user-friendly, so beginners and seasoned veterans alike can enjoy the benefits of ‘going Incognito’.
Conclusion: An innovative wallet that solves existing security issues, making it the best private crypto wallet out there, while many major cryptocurrencies are supported, not a huge number of assets available for privacy mode just yet.
In terms of desktop wallets, we found Electrum to offer the most. Electrum is a popular and free open-source crypto wallet and as it has been around since 2011, it is well-established in the cryptoverse.
Supported on the big 3 operating systems (Windows, Mac and Linux), it offers speedy transactions and some great safety features, such as fund recovery (via the recitation of a personal seed phrase) and encrypted private keys that do not get sent to servers. With the ability to synchronize wallets over multiple desktops and the support for cold storage options, such as Trezor and Ledger, it has many useful features and options for holders and traders.
The user interface is simple and basic, but it isn’t the clearest for those who aren’t experts and might be off-putting for newcomers. Electrum does have an associated Android app but it has been getting mixed reviews, hitting just 3.6 stars on Google Play at the time of writing.
Conclusion: Excellent secure service for more experienced traders, a Lite Wallet (doesn’t require the whole blockchain to be downloaded) only works with BitCoin, not beginner-friendly, the app hasn’t been incredibly well-received.
Mycelium is the best mobile crypto wallet available on the market and is available on both Android and iOS. While it should be stated that this wallet is definitely one for more advanced users and traders, there are a ton of benefits associated with its use.
Firstly, save for mining fees, it’s totally free to use and as it’s a Lite wallet, you don’t need to download the whole blockchain to get involved. It has many safety features, such as PIN protection and encrypted PDF backups, and as your private key is stored on your mobile device, there’s enough to keep your assets secure.
It has are 5 different account types to choose from, including integrating a hardware wallet, with support for cold storage devices, such as the aforementioned Trezor and upcoming Ledger Nano S.
Mycelium has also outlined some interesting plans for the future, including the introduction of fiat currency accounts and the ability to create and exchange new currencies.
Unfortunately, it doesn’t have an associated desktop interface and that can be somewhat limiting.
Conclusion: Free to use, nice safety features and variation in accounts, doesn’t have a desktop interface to connect to, isn’t the easiest to use.
The second ‘cold’ or hardware crypto wallet in this article is arguably the best. French company Ledger’s Nano S is their base model, also costs just 59 euros and just edges out Trezor for our top spot in this category.
The Nano S is a sleek, stainless steel USB device that connects to your PC or smartphone with ease while also offering PIN and passcode verification for that extra layer of security. The device can be accessed and managed through the user-friendly app, Ledger Live, which as mentioned previously, can be accessed through a smartphone or PC. Holders of tokens can move crypto assets onto the Nano S from some of the bigger exchanges, such as Binance or CoinBase with ease and the wallet supports 23 coins and over 1250 ERC-20 tokens.
Nano S owners aren’t limited to Ledger Live, as the wallet can be integrated into many other software wallets, which would definitely be of interest to holders of premium wallets they’re already paying for. This device is ideal for novices as it is simple to set up and use but also offers the impenetrable security of cold storage for one’s digital assets.
Conclusion: A nicely packaged and secure piece of kit with the ability to integrate into other wallets, but obviously costs more than a free solution and cold storage isn’t for everyone.
Announcing Privacy Coin Awards, a competition for custom cryptocurrencies created on the Incognito blockchain. To join, just download the Incognito Wallet and tap “Issue a Privacy Coin.” Create your own cryptocurrency in 15 seconds, set up a customer loyalty program, trade IOUs, and more.
Today, Incognito is glad to announce that users will now be able to trade TOMO completely anonymously on the Incognito pDEX. Following on from the announcement earlier this month, the Incognito-Tomochain bridge now allows users to seamlessly convert their TOMO to pTOMO – to take advantage of the first-ever completely private trading experience. The Incognito team is excited to list TOMO by providing liquidity for the first pair pTOMO/pUSDT.
Today, we’re excited to welcome FTM to the Incognito pDEX! All FTM holders will now be able to deposit their coins to receive privacy 1:1 counterparts (pFTM) that are tradable on the world’s first completely anonymous decentralized exchange.
Hello Incognito nodes! Welcome to the beginning. Thank you for powering this network and creating a solid foundation to help it scale. As Incognito grows, node numbers will change, and so will current configurations.
Here’s a quick rundown of where we’re currently at, and a brief overview of where we’re headed:
Short term (now to 1 year from now)
1. Current number of nodes: 860
As of 11 December 2019, this includes both virtual nodes (staked) and physical nodes (online and in transit).
2. PRV earnings per epoch: ~10.92 PRV for the first year
This number does not include PRV earned through transaction fees, which will vary based on network usage.
Dec 6, 2019 – Today, Neo and Incognito announced their intention to collaboratively enhance privacy for the growing Neo ecosystem. By building a trustless privacy bridge between the Neo Smart Economy and Incognito blockchains, Neo will soon be able to empower it’s 2,000,000 users with untraceability and enhanced privacy.