How do I send Bitcoin privately?

Your Bitcoin transactions are traceable – protect your privacy by checking out this guide and learning some ways to send Bitcoin anonymously. 

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You’ll learn how to send Bitcoin anonymously in this article.

Bitcoin’s traceability and why it is not ideal for privacy

By design, all Bitcoin transactions are listed on its blockchain, meaning that there’s a public ledger that records every single transaction. As a result, anyone can see the balance associated with an address, every transaction it’s been involved in and they can follow the path of coins wherever it may lead. 

We cannot deny that traceability makes Bitcoin special and different from other assets. While cash is an ideal tool for money laundering and other nefarious financial activities, Bitcoin, as a transparent currency, certainly is not.

However, this facet of a Bitcoin makes it a double-edged sword. Transparency and publicity have a downside, especially when it comes to privacy.

Through increasingly sophisticated Blockchain analysis techniques, it is possible to link addresses to identities more and more efficiently. As a result, your real identity has a high probability of being found out or revealed by a hacker, which could easily have serious real-life consequences. 

This is not just scare tactics, either. In the history of cryptocurrency, there are so many cases where bad guys targeted a victim online, used some techniques to track their information, found who they were in real life and managed to steal all their crypto assets.

With this in mind, there’s no reason to take any risks online when it comes to your identity and privacy. Hence, you should find other ways to obscure your transactions, starting with learning how to send Bitcoin anonymously.

How to send Bitcoin anonymously – The Ultimate Guide

To remedy the traceability of Bitcoin and to preserve privacy, many techniques have surfaced over the years. Some break the link between Bitcoin addresses, others swap assets into a privacy version. Either way, these methods have their pros and cons. 

Let’s find out in the section below.

How to send Bitcoin anonymously: Buy and sell Bitcoin for cash

As previously explained, cash is the most untraceable asset – so if you buy and sell Bitcoin for cash, you can easily obscure your identity and remain anonymous.

Let’s take a look at some of the ways to do this.

Method #1: Bitcoin ATMs 

ATMs are the first thing people think of whenever they need money to buy something – Bitcoin is no exception. 

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Bitcoin ATMs accept fiat currency in return for Bitcoin.

If you want to buy and sell Bitcoin for cash, find a Bitcoin ATM near you. These machines accept fiat currency and send Bitcoin directly to your wallet address. 

There is also an increasing number of Bitcoin ATMs that let you sell Bitcoin for cash. Check out Coin ATM Radar map to see what options are available in your area.

One downside, however, is that many Bitcoin ATMs nowadays require KYC information, which means you might not be able to obscure your purchase perfectly; that’s why you should continue looking for other ways to send Bitcoin anonymously.

Method #2: Face-to-face purchasing

Face-to-face purchasing means that you deal with the seller/buyer directly and offline. For example, if you want to buy Bitcoin but not by using a Bitcoin ATM, you might be able to find a seller on the Internet that lives near you.

After agreeing on a suitable price, you can arrange a face-to-face purchase where you pay cash and the seller sends you the Bitcoin. This method makes it hard to track any information back and figure out how much you paid for your coins. 

However, the issue here is finding a trustworthy partner. There is always the risk that you could be scammed or robbed when bringing cash to deal with strangers in public.

In short, although there are some pros, face-to-face purchasing is still not the best way to send and buy crypto anonymously.

How to send Bitcoin anonymously: Private cryptocurrency wallets

Common crypto wallets are like digital wallets that store your coins; they are portals connecting users to the Bitcoin network. With a crypto wallet, you can see your balance, send and receive coins and sometimes, trade them for other assets.

To meet the needs of those who want to preserve their privacy, private crypto wallets have surfaced. Thanks to technological innovation, a private wallet can help users to send Bitcoin anonymously. If a hacker targets your assets, he still has no idea about how much was sent, or whose addresses were involved. As a result, your funds are safe and your identity is protected.

Method #3: Incognito Wallet – The best crypto wallet when you want to send Bitcoin anonymously

If you are looking for a convenient and flexible privacy-preserving crypto wallet, let me introduce you to The Incognito Wallet.

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The Incognito Wallet is the best crypto wallet that allows you to send Bitcoin anonymously.

Based on the idea of a privacy sidechain for all blockchains, The Incognito Wallet turns your cryptocurrencies into a privacy version of themselves, which means you can store and send Bitcoin anonymously, and do the same with other coins. 

For instance, you can turn your Bitcoin (BTC) into privacy Bitcoin (pBTC) at a conversion rate of 1:1 and then send it to other addresses with total anonymity. Moreover, you can switch it back to the original version at any time at the touch of a button.

Although privacy is its top feature, the Incognito Wallet also has other awesome functions. The wallet includes:

  • The pDEX: a decentralized exchange so you can trade coins in total privacy
  • The pApp store: a collection of the first privacy-focused blockchain applications
  • A staking function, so you can earn more coins directly through the wallet
  • An issuing function, so you can create your own privacy token

And last but not least, the Incognito Wallet is totally free. You can download it on both iOS and Android without any cost involved.

In short, this is the wallet that provides you with all the features you need. It’s the best crypto wallet for total privacy.

How to send Bitcoin anonymously: Break the linkability between addresses

The link between Bitcoin addresses is what makes your transactions traceable. Therefore, if you are able to obscure the details surrounding this transaction, you can break this linkability.

Method #4: New addresses whenever transacting Bitcoin

Hot wallets such as Trust Wallet, Blockchain Wallet or Cobo Wallet allow you to create as many new addresses as you want. 

Using a new address whenever making a transaction will help you to break its links. With this method, the bad guys cannot trace the transaction back and find out the origin of your coins and will also not be able to uncover your real identity. Moreover, no one can calculate the total amount of your funds as you’re using many different addresses to store them separately. 

However, the issue here is that it’s difficult to manage all your coins and private keys effectively, especially compared to the Incognito Wallet above.

With this in mind, if you just want to buy Bitcoin sometimes and then store them, you can use a new address whenever you make a transaction. But if you trade frequently, the Incognito Wallet’s more convenient way of preserving privacy will make your life a lot easier.

Method #5: Bitcoin mixing services

Bitcoin mixing is a service offered by a third-party. Typically, the providers of this service take users’ coins and for a small fee, will give you assets in return that have no link to those originally sent.

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Bitcoin mixing is a service that breaks the link between addresses.

These services are sometimes called tumblers or mixers.

That sounds great, doesn’t it? However, Bitcoin mixing has more cons than pros. Those are:

  • No guarantee that service providers won’t store your IP or browsing history. 
  • You must trust the providers totally when you send your coins.
  • The fees add up. Though individual fees may seem small, it’ll cost a lot of money to use this service frequently.

In conclusion, Bitcoin mixing is worth trying, but it isn’t a great everyday method when you are looking for ways to send Bitcoin anonymously. 

Closing thoughts on “How to send Bitcoin anonymously”

A lot of people are starting to realize that obscuring the details surrounding your Bitcoin transactions is a safety precaution; it’s not for money laundering purposes or anything illegal.

In the digital world, your personal data should never be public knowledge unless there’s a really good reason. With all the hacking, illegal data use and information trafficking on the Internet these days, it is a terrible idea to put yourself at risk. 

All this goes to show that it’s important to find and share the best ways to protect our data and assets. Always keep up-to-date with the latest methods of how to send Bitcoin anonymously, use the best ones for you and stay as well-protected as possible.

How to trade Bitcoin privately in 2020

Online privacy is a concerning issue affecting the modern world. If you’ve ever Googled ‘how to trade Bitcoin privately in 2020’, this article is absolutely for you.

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You can learn how to trade Bitcoin privately in this article.

Why do you need to trade Bitcoin privately?

Bitcoin has been one of the most profitable investments over the last decade, garnering a solid reputation in the financial sphere. By design, it is one of the most transparent currencies in the world and while this is positive from some perspectives, it also means it’s highly traceable. 

You can’t hide anything on the Bitcoin blockchain – not your balance, transaction history, your address nor the addresses of any recipients.

The traceability of Bitcoin is not positive for those who are keen on privacy – they feel that you should not take the risks that come from your financial status being publically available. The reason for this is that there is a high probability that you will be targeted by hackers, as it’s not hard for them to trace the information back and discover your real identity, which can obviously have serious real-life consequences.

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Do not only search for ‘how to trade Bitcoin’, you need to know how to trade Bitcoin anonymously.

If you want to trade Bitcoin safely, it’s better to start looking at how to trade Bitcoin privately and make sure that your funds are properly protected.

How to trade Bitcoin privately in 2020 – The Ultimate Guide

How to trade cryptocurrency anonymously: No-KYC exchanges

The first thing you learn about how to trade Bitcoin is pretty simple – it’s that you do it on a crypto exchange.

There are many types of exchanges but you can break them down into two categories, ones that require KYC (know your customer) information and ones that don’t. KYC is the policy that asks users to show evidence of their identity. This might come in the form of an identity card or passport, you may have to provide a picture of yourself, Resident Evidence and/or Financial Evidence. Financial institutions conduct the KYC process to keep a record of those using their services and thus discourage fraudsters or money launderers. As a consequence, users’ information is collected and stored on-site and is therefore vulnerable to cyberattacks.

Crypto exchanges without KYC requirements, also known as no-KYC exchanges, do not ask for that evidence. You just need an email to sign-up an account, then you can deposit some funds and start trading assets. As a result, you do not need to trust the exchange with your true identity as it won’t be stored anywhere.

Best no-KYC exchanges

Changelly.com, Shapeshift.io, and Changenow.io are all worth considering.

Pros

No KYC required: It’s easy to trade, deposit and withdraw on these exchanges.

Cons

Fewer payment methods: You can only buy Bitcoin via Altcoins or Visa/Mastercard; other payment methods are not accepted. Due to this inconvenience, many users want to know how to sell Bitcoin for cash.

How to sell Bitcoin for USD: Peer-to-peer (P2P) platforms

Peer-to-peer (P2P) platforms are a marketplace where the buyers meet the sellers and make deals. 

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P2P platforms are a marketplace where you can sell Bitcoin for cash (USD).

This way, the platform plays the role of a third party for buyers and sellers and it makes its revenue from charging fees. 

Some popular P2P platforms have a wide range of users from all over the world, so you can easily find a partner from your country who may accept a cash payment. This method will enable you to sell Bitcoin in exchange for fiat currency, which makes the transaction untraceable.

Best P2P platforms

LocalBitcoins.com and LocalCryptos.com are the most popular platforms. 

LocalBitcoins is a Finnish company that was established in 2012. LocalCryptos (formerly LocalEthereums) started its business in 2017. These platforms have stood the test of time and have accrued many loyal customers.

Pros

  • Diversified payment methods: Wire transfers, credit cards, cash, and coins are accepted on P2P platforms. You can choose any of them and easily make a payment.
  • Safety: There is a rating system to grade buyers and sellers, so you can rate your experience and help fellow users with your reviews.
  • Competitive prices. Sellers come from many countries and there are a variety of prices for you to choose from. It’s easy to find an affordable price with conditions that suit.

Cons

  • The platform is only a third party – you must deal with the partner yourself.
  • Although there is a rating system, users can still be scammed.
  • High fees: Sellers need to pay extra fees for the P2P platform, meaning that the overall price is sometimes higher than the going market rate.

How to trade Bitcoin privately: Anonymous cryptocurrency wallets

The purpose of anonymous cryptocurrency wallets is to send and buy crypto anonymously. Unlike regular crypto wallets, anonymous ones break the link between Bitcoin addresses. Hence, you can obscure your transaction details and protect your personal data. 

An anonymous crypto wallet is best suited for trading Bitcoin person-to-person. The process is simple: you buy Bitcoin with cash and the seller sends you coins through a private wallet. As a result, the transaction is obscured and no one can see there was a trade between the two addresses.

Best cryptocurrency wallet

If you are looking for the best cryptocurrency wallet right now, the Incognito Wallet is definitely worth considering.

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If you look for ‘how to trade bitcoin privately’, Incognito is a great app to start with.

The Incognito wallet turns your coins into privacy versions of your assets that can be stored or sent without anyone knowing. It only takes one tap to switch Bitcoin (BTC) into privacy Bitcoin (pBTC) at a conversion rate of 1:1, and another tap will switch it back to being regular BTC.

Another benefit is that the Incognito Wallet is totally free and optimized for mobile, so you can trade crypto on your phone wherever you have an internet connection. 

Download the wallet: iOS | Android

Learn more at https://incognito.org/

Pros

  • Complete anonymity: This kind of crypto wallet guarantees your privacy and takes care of your data. You won’t become the target of hackers when transacting money on the Internet.
  • No extra fees: As previously mentioned, you don’t need to pay anything for using the Incognito Wallet. Therefore, you can buy Bitcoin at an affordable price.
  • Convenience: You can carry your crypto wallet everywhere and make transactions at any time. 

Cons

  • The truth is that anonymous crypto wallets are relatively new to the game and aren’t as popular yet as normal wallets, so your usual trading partners might not have one yet. 

How to sell Bitcoin for cash: Bitcoin ATMs

It would be wrong to talk about how to trade Bitcoin for cash without mentioning Bitcoin ATMs. These machines allow you to purchase Bitcoin using fiat currency and there are also two-way Bitcoin ATMs, where you can sell your Bitcoin for cash. 

In addition, some of these machines don’t require the KYC process – which means you can trade for BTC or cash without ever revealing your identity. 

Best Bitcoin ATMs near you

If you want to find your closest Bitcoin ATM, just check out CoinATMradar for all nearby available options.

Pros

Cash payments: Bitcoin ATMs accept cash, making it the easiest way to buy and sell Bitcoin. 

Cons

  • High fees: These machines charge between 7-10% for each purchase. In short, the more you trade, the more you’ll have to pay. 
  • In order to follow financial regulations, Bitcoin ATMs in many countries now require KYC identification. As a consequence, you will need to risk your privacy if you use one.
  • Uneven distribution: You can find many Bitcoin ATMs in the US, but in the rest of the world it can be a bit of lottery.

How to trade Bitcoin privately: Useful tips

Always use privacy browsers

Privacy browsers such as Tor or Brave (which is also a blockchain project) not only block ads but also protect your web browsing history. As they don’t store your data, they are a useful tool for obscuring your identity online.

Keep your information to yourself

There are many methods and tools you can use to defend your privacy, but they are useless if you publicize any of your financial information yourself. Never broadcast your wallet address or financial status on social networks without a very good reason to do so. 

Do your homework

The technology field is constantly growing, so while there are new ways of preserving privacy coming up all the time, older tricks might become redundant. Always keep up to date with the crypto sphere and find out how to trade bitcoin privately to protect yourself at any time.

Our final thoughts regarding how to trade Bitcoin privately in 2020

As we have detailed throughout this article, privacy is an important part of keeping safe online and removing yourself from the line of fire when it comes to cyberattacks. 

Trading Bitcoin in any sort of quantity on a public exchange will result in your details being publicly and immutably recorded, and that’s a danger. We highly recommend using at least one of the methods listed to stay safe if you’re wondering how to trade bitcoin and other cryptocurrencies privately. Good luck out there. 

Is Bitcoin safe? What to know before investing

As cryptocurrency and the blockchain industry becomes more widely adopted, many people are wondering ‘is bitcoin safe?’ or ‘how safe is cryptocurrency?’. This article has answers to those questions.

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This article will answer the question ‘Is bitcoin safe?’

Is cryptocurrency safe?

As there are so many different ones, it depends. In order to find out whether a particular cryptocurrency is safe or not, you should first understand its features.

There are many kinds of cryptocurrencies in the world, but we will take Bitcoin as an example, as it was the first coin and is arguably the most important currency in the field.

So let’s learn about the characteristics of Bitcoin.

Bitcoin’s transparency

As designed by Satoshi Nakamoto (Bitcoin’s creator), all Bitcoin transactions are publicly stored on the network’s ledger. That means that anyone can view all the information regarding a particular transaction, including the addresses of the sender and recipient and how much Bitcoin was transferred. 

This is what we call the transparency of Bitcoin.

Thanks to this feature, bitcoin is considered the currency of the new era, allowing transfers to be borderless, fast and low cost. However, as you may imagine, transparency also has its downsides, making users keep asking ‘Is bitcoin safe?’ 

Bitcoin’s traceability

Bitcoin’s public ledger shows all the links between every address on the blockchain. This means that anyone can track a single transaction and trace it back to its source. Basically, there’s nowhere to hide on the Bitcoin blockchain.

The traceability of Bitcoin does have some benefits, though. For example, it makes money laundering very difficult because all coins are traceable and all the links between addresses are public.

However, traceability does mean risk for normal people. If you are targeted by a bad guy, they can easily trace your transactions and figure out your real identity. This is why we continue to ask “Is bitcoin safe?”.

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Bitcoin’s traceability means its safety is still in question.

Let’s find out in the next section.

How safe is Bitcoin?

In order to assess the safety of Bitcoin, we have to consider many different aspects, including how to use, invest and trade it.

Is Bitcoin safe to use?

The answer is “for sure”.

Bitcoin is safe to use and has arguably been the most secure cryptocurrency in the field for over 10 years.

The Bitcoin blockchain uses a Proof-of-Work (POW) consensus algorithm, making it a distributed network that has no center. This makes it very difficult to attack or manipulate. As a result, using Bitcoin is totally safe.

Is Bitcoin safe for investing? 

This is one of the most difficult questions to answer. 

For the risk-averse among us, Bitcoin’s volatility (its ability to fluctuate quite wildly in just a few minutes) does not make it a safe long-term investment. You could apply this logic to many cryptocurrencies, though, and it’s understandable as people don’t want their assets to drop thousands of dollars in the blink of an eye.

However, for those with a high degree of risk tolerance or a  belief in the ‘high-risk high return’ mantra, Bitcoin is an attractive investment option. The statistics don’t lie – many people have made a lot of money from Bitcoin and it’s certainly one of the most profitable assets of the last decade. To illustrate, $1 of bitcoin purchased in March 2010 is worth $2.367 million today.

So, is bitcoin a safe investment? As we’ve seen, that depends on your perspective.

Is Bitcoin safe to trade?

This is easier to answer – no, not really.

It’s not safe enough for you to trade, send or receive Bitcoin without any additional safeguards in place. As previously explained, the traceability between every address isn’t ideal for your privacy. Anyone can track your activity on the

Bitcoin blockchain and you really don’t want people to know how much Bitcoin you have, where you send your coins or the origin of your assets.

If you don’t mind publicizing your identity and forgoing your privacy, then you might consider Bitcoin safe to trade. In any case, it’s easy to send and receive bitcoin across borderless and for a relatively low cost.

On the other hand, if privacy is your top concern, you better find some ways to obscure your transactions. 

How to trade Bitcoin confidentially

If you still cannot find a clear answer for “Is bitcoin safe’, you can answer this question by looking for other solutions guaranteeing your safety. There are many ways to send and buy crypto anonymously. Some are free while others aren’t, but you’ll find the best fit for you in this list below.

An Anonymous Bitcoin Wallet App

Obscuring crypto transactions is the main purpose of anonymous bitcoin wallet apps. With one, you can send and receive cryptocurrencies without anyone ever being able to see any details of the sender, receiver or how much was involved.

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The Incognito Wallet makes your Bitcoin safe and private.

The Incognito Wallet is the one that you should consider. You don’t need to ask yourself ‘is bitcoin safe?’ anymore. This wallet turns all your favorite coins, including BTC, into a privacy version at a rate of 1:1. One-click turns your Bitcoin (BTC) into privacy Bitcoin (pBTC) that hides all the information we mentioned previously, and another click switches it back to its original public format.

The Incognito Wallet is both user-friendly and technologically innovative. You can store your assets, send and receive your coins without worrying about anyone tracing them back and finding out your identity. As a result, it protects your funds from prying eyes that might otherwise target your account.

You can download the Incognito Wallet for free on both iOS and Android and begin transacting Bitcoin confidentially from anywhere, at any time.

Anonymous Cryptocurrency Exchanges without KYC Verification

In many countries around the world, such as the US, Canada, the UK, New Zealand, and Australia, KYC (a.k.a Know Your Customer) laws and regulations aim to prevent criminals from using banks or other financial institutions for money laundering.

As cryptocurrency has become an established financial market, the KYC policy also now applies to many crypto exchanges. This means users must submit information to verify their real identity, providing their location and financial evidence in order to withdraw money from these exchanges.

It may not harm your funds, but it’s not ideal for your privacy. Many people don’t want to volunteer this information and have it stored by an exchange, as they’re worried about the information either being leaked or hacked. 

As a result, many users seek anonymous cryptocurrency exchanges that do not require KYC verification. It is the answer for “Is bitcoin safe’ question. On these exchanges, you can create an account with just an email address and no further information that will reveal your identity, so users can trade bitcoin confidentially.

If this sounds like your sort of thing, ShapeShift and Changelly are good options to try.

Bitcoin ATMs in your area

Bitcoin ATMs are physical machines that accept your fiat currency and in exchange send you Bitcoin directly to your chosen wallet address (or you can generate a new paper address of course). 

There are also 2-Way Bitcoin ATMs that accept your Bitcoin in exchange for cash. So generally, you can buy and sell Bitcoin through these machines without the need for a crypto exchange account.

Unfortunately, many Bitcoin ATMs nowadays require KYC information but you can still find anonymous ones that allow purchases without the need for it. Bitcoin ATM is another answer for your perplexing question is bitcoin safe. 

If you don’t know where your closest Bitcoin ATM is, take a look at the map on https://coinatmradar.com/ and find out.

Final thoughts on “Is Bitcoin safe?”

How safe Bitcoin is depends on the purpose you’re using it for. If you just use Bitcoin as a form of payment in your everyday life, it’s safe enough. If you want to invest in Bitcoin (and other crypto-assets), you really should analyze the profit versus the risk. Don’t make any investments before doing your own research.

Finally, if you want to trade Bitcoin privately, you should find a way to send coins anonymously and it’s worth giving the Incognito Wallet a try. It will surprise you with its great features and functions. If you were wondering “is Bitcoin safe”, hope you’ve known the answer now. 

 

Privacy coins: An easy way to keep your crypto transactions private

Since Bitcoin doesn’t guarantee anonymity or privacy, users started seeking ways to keep transactions anonymous. In response, privacy coins, a different class of cryptocurrency, were introduced. 

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Privacy coins attempt to solve the pseudo-anonymity problem of Bitcoin and other cryptocurrencies

What are privacy coins?

By design, privacy coins operate on the same blockchain technology as other cryptocurrencies like Bitcoin. However, they also provide users with anonymity by obscuring some information about the transactions. This privacy-focused function was created by utilizing high-encryption techniques and mixing technology. 

So is Bitcoin safe? How is privacy coin more private than Bitcoin?  

Bitcoin transactions are recorded on an open public ledger, allowing anyone to see the addresses of the senders and receivers. Even though the transaction details don’t contain anyone’s identity directly, it’s possible to link addresses with people, especially when it comes to liquidating funds with a licensed exchange. Privacy coins, on the other hand, hide information about the senders, receivers and wallet activity through various methods – this obviously makes it a safer option. 

Why should you use privacy coins? 

Untraceable crypto transactions are often stereotyped as being linked with criminal activity, but there are many legitimate reasons to protect your privacy. 

First of all, payment using privacy coins prevent your identity from being tracked or revealed by hackers, since there is nothing to link any transaction to you. Secondly, if you’re an investor and don’t want your personal interests or financial status to be revealed through investment details, privacy cryptocurrency is what you should try out.                                                                                                                                                                                                                        Last but absolutely not least, privacy cryptocurrency brings you peace of mind when transacting, making a payment or purchasing goods. Once your wallet activity is obscured and your identity is masked, you no longer need to worry about any security threats that may have occurred otherwise. 

Top 3 best privacy coins

Market demand has encouraged many teams to step up and create anonymity-oriented tokens that follow different protocols. Here, our top privacy coins list consists of 3 of the most reputable names: Monero, ZCash and Dash. 

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Which do you think is the best privacy coin?

1. Monero (XMR)

As the most well-known privacy coin on the market, Monero’s transaction sources and destinations are untraceable. It protects user privacy by using the CryptoNight Proof-of-Work protocol, which utilizes stealth addresses, ring signatures and Ring Confidential Transactions to obfuscate the ledger of transactions.  

For additional privacy, Monero also employs a splitting mechanism, which divides each full transaction into smaller amounts and sends them as a subset of separate transactions adding up to the initial one. 

However, Monero was the most popular cryptocurrency used on the dark market, among web drug dealers and hackers. As a result, its reputation has been somewhat tainted by its association with illegal acts and garners a lot of scrutiny from the authorities. 

2. ZCash (ZEC)  

ZCash was created as an alternative to Bitcoin and claims to enhance privacy without giving up compliance with the law. Unlike Monero, private transactions are not compulsory when using ZCash. Instead, there are two types of transactions: one that happens on the public ledger with a transparent wallet address, and another one that obscures transaction details with a “shielded” address. The technology behind this mechanism is Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (or zk-SNARK) and a Zero-Knowledge Security Layer (ZSL). 

ZCash’s semi-transparency allows users to display a small division of data belonging to any transaction so as to verify payments while masking critical information such as personal identities of the sender and receiver. This feature, however, exposes users to privacy issues when trading between fiat and ZEC on cryptocurrency exchanges, where KYC controls are still applied. 

3. Dash (DASH)

Dash isn’t solely a privacy-focused cryptocurrency, instead, it offers privacy protection for transactions as an option for users. This means addresses and transactions are all viewable on the public Dash blockchain. To preserve anonymity, users can choose the PrivateSend feature to obfuscate transaction details. 

Its mixing mechanism is the underlying technology of this network. Dash Masternodes take the coins from your transaction and mix them with multiple coins being sent on the network. As a result, a series of grouped payments is made at the same time, making it impossible to trace the input and output of each transaction. 

The top privacy coins list continues with many names to choose from such as Verge (VGX), ZCoin (XZC) TeleCoin (TELE). 

Turn any cryptocurrency into privacy coins

Although the aforementioned privacy coins offer a relatively high level of anonymity, mainstream users may not be able to access them or understand exactly how to use them. That’s when Incognito, a different sort of privacy project, comes into the picture. 

Incognito offers not only a privacy coin, but also a decentralized platform for any cryptocurrency to become its own privacy coin. If you’re looking for a way to send and buy crypto anonymously, this is the app you need. 

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Incognito turns any cryptocurrency of your choice into its privacy version

Incognito is designed as a sidechain for privacy coins, which connects to other blockchains like Bitcoin, Ethereum and Binance via a trustless portal. With the utilization of smart contracts and trustless custodians, the platform facilitates two-way transfers of crypto assets and issues privacy coins at a rate of 1:1. All transaction details stored on the Incognito blockchain are confidential and do not appear on the public ledger unless they are transferred back to their original blockchain. Therefore, users have full control of their personal data and assets, allowing them to send, receive and store any cryptocurrency in complete anonymity. 

You can download, install and start using Incognito on iOS and Android right away. 

The future trend of privacy coins 

Even though privacy coins are a controversial topic around the world, there is an increasing demand for this class of cryptocurrency. While some people may see them as a tool for criminal activity, their benefits in legitimate situations are undeniable. In years to come, current privacy crypto projects will need to achieve further advancements to live up to investors’ expectations.  

Top 5 best crypto wallets for beginners

For crypto newbies, finding out how to securely store digital assets can be a bit learning curve. This article will help you discover the best crypto wallets available on the market. 

Unlike with fiat currencies, the concept of cryptocurrencies reinforces the transparency of transactions and eliminates the role of third-parties. Hence, keeping crypto assets safe is also different from how we secure other assets. There are several forms of crypto wallets that we’ll look at and they cater to various needs including security, convenience and anonymity. 

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Finding the best crypto wallets to keep your coins secure

Different types of cryptocurrency wallets 

Crypto wallets are classified into two categories: 

Online (“hot”) wallets store your private key online or on devices when connected to the Internet via digital platforms such as software, mobile apps or websites. 

Offline (“cold”) wallets, on the other hand, store the private key completely offline on paper or hardware devices like a password-protected USB or encrypted cold storage devices. 

Each type of wallet has its pros and cons. While offline wallets keep your assets away from hackers, online or “hot” wallets are more flexible and easier for daily use. Thus, it is highly recommended for crypto holders to use both types of wallets, depending on the situation. 

Let’s take a look at the best crypto wallets that you can download, install and start using right away.

Best crypto wallets for beginners 

“Hot” wallets 

1. Web: Coinbase

Coinbase is one of the best crypto wallets for selling, buying and holding cryptocurrencies. It is highly secure and super easy to use. If you’re based in the US, you can connect the wallet to your bank account to buy and sell coins directly, which is a service rarely seen from crypto wallets. 

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To US-based users, Coinbase is one of the best crypto wallets as it allows buying cryptocurrencies with US credit cards

In addition to Bitcoin, Coinbase currently supports Bitcoin Cash, Ethereum and Litecoin. As things stand, more coins are being added to the list. 

However, Coinbase is not a top choice for privacy-conscious users. In order to get its licenses from the US government, Coinbase has to adhere to KYC regulations on cryptocurrency, therefore users’ identities are stored and may be at risk. 

2. Desktop: Exodus

Though Exodus is a relatively new software wallet in the crypto sphere, it’s high up in the list of best crypto wallets. It’s beginner-friendly and able to work on various operating systems such as MacOS, Windows and Linux. 

Exodus wallet supports the storage and trading of multiple cryptocurrencies including Bitcoin, Ethereum, Litecoins and Dash, through a handy and intuitive interface. The innovation of Exodus is that it has a built-in shapeshift exchange that allows users to trade altcoins for bitcoins and vice versa without leaving the software. 

There is no account set up so you can have full ownership of your currency and wallet. Despite not having a password-protected layer, Exodus does include private key encryption and other useful security tools to keep your crypto assets safe. Therefore, Exodus is seen as the best cryptocurrency wallet for desktop users. 

3. Mobile: Incognito

If you’re looking for a privacy-oriented crypto wallet or a way to send and buy crypto anonymously, this application comes highly recommended.

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Incognito is one of the best crypto wallets for privacy

Incognito Wallet offers an “Incognito mode” for your crypto transactions by turning coins and tokens into a privacy version. By doing so, Incognito gives you full control of your personal data and assets. As a result, you can send, receive and store Bitcoin in complete anonymity.

Functioning as a sidechain for privacy coins, Incognito connects to the Bitcoin blockchain via a trustless portal. Thus, Bitcoin users can get privacy bitcoins (or other cryptocurrencies) issued at a rate of 1:1 on the Incognito chain, through the utilization of smart contracts and trustless custodians. These privacy coins can also be switched back to normal coins in just one tap, without involving any third party. 

When you turn on “Incognito mode” for your crypto assets, no one can see your balance or the details of any transaction – that’s why Incognito is one of the best crypto wallets to try in 2020.  

The Incognito wallet is available to download for free on both iOS and Android.

“Cold” wallets 

4. Paper: Bitcoinpaperwallet.com

A paper wallet is basically a document that contains a public address and a private key printed out in the form of text and QR-codes. To make a transaction, you just need to scan the QR-codes and add the keys to a software wallet. 

Paper wallets can be generated for free using an online service like Bitcoinpaperwallet.com. On this site, you can also order a tamper-proof design or holographic labels to add an extra layer of security to the wallet. 

As mentioned earlier, the main advantage of paper wallets is keeping your assets offline and away from the dangers of the Internet. Therefore, this is the best crypto wallet for those who are not tech-enthusiast. However, if the document is lost or stolen, your funds will more than likely be gone forever. 

5. Hardware: Ledger Nano X

Hardware wallets are believed to be the most secure way of storing any amount of cryptocurrency and are especially useful for long-term investments. Unlike paper wallets, which must be imported to a software wallet at some point, hardware storage devices can be connected to electronic devices quite easily. 

Ledger Nano X is one of the best crypto wallets in the form of a hardware device. It supports more than 100 wallets at a time, allowing users to hold millions of different addresses created from these wallets. 

Moreover, Nano X is able to connect with any iOS or Android device thanks to the unique Bluetooth connectivity. Users won’t need to worry about the security vulnerabilities of this feature since the Bluetooth connection is end-to-end encrypted and each user’s private keys are stored on a secure chip. 

For additional privacy when using your wallet, mask your ISP with a paid VPN.  

How to keep your crypto wallet secure

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Although, best crypto wallets have advanced security features, users need to take some precautions

Security is one of the major concerns among crypto users. However, the level of safety merely depends on the type of wallet you use. Even the best crypto wallets might have some security risks. For instance, online wallets are more vulnerable as they might expose users to the risk of hackers who are looking to steal their assets. Therefore, some safety measures should be taken in order to keep your wallet away from the threat of security issues. 

  • Backup your wallet: Store only a small amount of cryptocurrency in your “hot” wallets and keep the majority of your funds in a safer place. Cold or offline wallets like a Ledger Nano or paper wallet will protect your assets against hackers or computer/server failure. 
  • Update your software: Keep your software and mobile wallets up-to-date with the latest security improvements so as to avoid safety issues. 
  • Add extra security layers: Start with something as simple as setting long and complex passwords for your wallet and any withdrawal made. Using wallets that provide extra security layers like two-factor authentication or PIN code is also a good idea. In addition, you may want to consider trying multi-signature wallets that require the permission of another user before a transaction can be made. 

The takeaway 

Choosing a suitable crypto wallet is an essential task when stepping into the crypto field as the type of wallet you use determines how your crypto assets are stored and traded. Although there is a variety of wallets available on the market, the options mentioned in this article are the best crypto wallets available and as we’ve seen, meet different storage requirements. In any case, make sure that you consider the information provided and apply it to your specific requirements when selecting a cryptocurrency wallet. 

5 benefits of anonymous cryptocurrency 

It’s a well-known fact that cryptocurrencies can be easily tracked if you know where to look. Thus, users are turning to anonymous cryptocurrency to seek more privacy. 

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Bitcoin is not anonymous

While this is useful for increasing the scope of government regulation and for malicious actors looking to get their hands on your money, the lack of privacy is a striking risk of cryptocurrency use for many people. When your personal information and the details of your transactions are open to the public, handling your finances can feel a lot less secure than you’d hope. For many people, adding the option to trade privately and, for example, send and buy crypto anonymously, would clear most of the remaining hurdles to blockchain and crypto mass adoption. 

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Anonymous cryptocurrency has many uses

Search “anonymous cryptocurrency” online, and you’re likely to find references condemning crypto for the supposed “illegal activity” that cryptocurrency enables. This supposition, while once true, is far less so now due to the ease with which one can find the details of almost any cryptocurrency transaction. But private, anonymous cryptocurrency has numerous positive uses that regular people need access to if we want to see cryptocurrency and blockchain technology live up to its full potential. Here are the top 5 benefits of anonymous cryptocurrency, and how you can take advantage of them.

Benefits of anonymous cryptocurrencies

1. Anti-theft security

Currently, there is no totally anonymous cryptocurrency. So, if you haven’t taken the necessary steps to be able to send bitcoin anonymously (described at the end of the article), then anyone can see where your transactions are going. Even if you use an encrypted address, or multiple addresses, patterns still emerge enough to tip off anyone paying attention. Hackers can gain access to your funds, or worse, figure out your real-world identity and harass you in-person. Cryptocurrency promised to solve problems like scams and theft, but it can only do so with anonymous cryptocurrency transactions. Once there is nothing to link a transaction to you, and all details of the transaction are inaccessible to anyone but you, then cryptocurrency will be the safest payment option.

2. Workplace confidentiality (and legal compliance)

Whether you’re an employer or an employee, there are numerous reasons to transact privately. In many places, it is illegal to reveal employee salaries, making anonymity a must for crypto salaries. Sales ledgers, budgets and expenses, and other sensitive company information require care, so crypto privacy would allow for businesses to use cryptocurrency on a large scale while increasing, rather than compromising, their security and legality.

3. Investor confidence

Privacy for investors is akin to a helmet for a bicyclist. Without it, you feel vulnerable. Where and how people invest their money can reveal proprietary strategies, personal interests, and financial status. Whether you’re a casual investor or full-time, privacy is a must. That’s why you should consider using anonymous cryptocurrency for your business.  

4. Identity theft and tax fraud protection

With today’s most popular electronic transaction methods, namely credit and debit cards, comes a level of vulnerability we’ve become accustomed to overlooking. Identity theft affects millions each year, and is made possible by the transaction data and personal information stolen by people perusing your purchases. Cryptocurrency alone has this same problem, but also the potential to solve it. Fraud and theft become a truly unthinkable occurrence when we make use of the tool that is anonymous cryptocurrency.

5. Peace of mind

The final benefit, and the one which you’ll experience most regularly when sending bitcoin or other cryptocurrencies anonymously, is peace of mind. You no longer need to worry about any of the above occurrences, and have access to a plethora of other benefits as well. Imagine, for example, you want to delight your spouse with a surprise birthday party. However, you have a joint bank account and they are alerted to all transactions, including any preparations you’d make for the party. This normally helpful feature unintentionally becomes a burden in an otherwise wholesome scenario. What do you do? When anonymous cryptocurrency is the norm, your supplies and gifts can be purchased anonymously, and your surprise is a smashing success. 

An alternative for vulnerable anonymous cryptocurrencies

All of this sounds great, but if all cryptocurrency is vulnerable, is this just wishful thinking?

Not at all! Privacy solutions for anonymous cryptocurrency are available to anyone and everyone, most of them for free!

The best way to get complete privacy for your cryptocurrency is to use best crypto wallets that enhance your privacy.

Incognito Wallet: A privacy-focus crypto wallet

There are several options, but none of them are quite as good as Incognito Wallet. The Incognito Wallet essentially enables you to toggle incognito mode for all of your cryptocurrencies. It’s not just the best bitcoin wallet, but the best wallet for any crypto you hold. 

All transactions are shielded by turning your crypto into privacy coins with a 1:1 value ratio. You can turn your bitcoin into privacy bitcoin (pBTC) worth the exact amount as bitcoin and able to be used the same way, but entirely private and untraceable. No personal information is accessible, and any transaction details are only available to you. Then, when you don’t need anonymity, you can just revert the coins to their regular state with the push of a button. It’s the perfect solution.

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Incognito wallet provides privacy for your existing non-anonymous cryptocurrencies

As the most anonymous cryptocurrency app, Incognito has been implemented with hundreds of crypto coins, and more are constantly being added. If you value your privacy, check it out at incognito.org. 

The Best Bitcoin Wallet App in 2020

Choosing a good crypto wallet to send bitcoin is never an easy task. This article will help to figure out the best Bitcoin wallet app for you.

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The best Bitcoin wallet app is the one that best fits your purpose.

Why should you use the best bitcoin wallet app to send bitcoin?

Many users imagine that a bitcoin wallet is the same as a physical wallet. However, a digital asset wallet is more than just a ‘wallet’. It’s not only storing your funds but also the tool to send and receive your coins. 

Furthermore, some multi-function wallets provide you with so many activities for your crypto assets, such as staking POS coins, trading, and even lending. In this way, your wallet becomes a bank account, asset management service, and a device to connect you to the rest of the crypto-verse.

Clearly, you shouldn’t use a low-security wallet to store your funds, or a non-transparent wallet to receive and send bitcoin. If you want to trade coins instantly, access assets from anywhere, and protect your personal data, using a wallet from a brand new provider without a strong reputation is not ideal. 

With this in mind, a bitcoin wallet of your choice must be the best existing wallet on the market. 

If privacy is your concern, you must use the best anonymous Bitcoin wallet app. 

If functions are your priority, the best multi-feature Bitcoin wallet app is a good choice.

In short, your purpose determines the best app to use. As a rule, always choose the best Bitcoin wallet app to protect your funds and optimize the usability of your crypto assets.

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A good Bitcoin wallet will help you explore the crypto-verse impactfully.

In the next section, let’s figure out the best fit for your selection criteria.

The Best Bitcoin Wallet App in 2020

Before starting the list of the best Bitcoin wallet apps, we have to agree that there is no perfect Bitcoin wallet. Every wallet has its own pros and cons, and sometimes one’s disadvantage is another’s advantage. 

You must weigh the important criteria and be selective about the best crypto wallet for your specific circumstances. Below, I’ll suggest different criteria and the best option for each one. 

Best crypto wallet app to use online: Trust Wallet

Owned by Binance Exchange, which is considered one of the most popular crypto exchanges nowadays, Trust Wallet is the multi-function wallet that you are looking for.

It’s a software wallet that you can access from many devices, such as desktops, tablets, and mobile phones. The wallet is a good choice if you want a digital asset wallet to trade instantly, transact coins with low fees and high speeds, or have access to a dApp explorer. 

Best fit for:

Trust Wallet is the best Bitcoin wallet app for those who want to explore the colorful variety of the crypto-verse. Due to its flexibility, you can access your favorite coins (Bitcoin, anonymous cryptocurrencies, non-anonymous cryptocurrencies) and tokens wherever you go, whenever you want.

Not suitable for:

Trust Wallet isn’t ideal for those who are concerned about privacy and security. You must trust the wallet provider to not track down your transactions and identity. 

And that is the reason why you should find a wallet that helps you to obscure your transaction history.

Best app to send and buy crypto anonymously (especially Bitcoin): Incognito Wallet

Based on the idea of incognito mode, the Incognito project aims to build privacy sidechains for every blockchain. One of their products – The Incognito Wallet – is designed to turn all your coins and tokens into a privacy version. For instance, your bitcoin can be easily swapped to privacy bitcoin (pBTC) and then you can transact it without anyone knowing, in complete anonymity. It’s also just one click to switch pBTC to regular bitcoin and use them as usual.

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The Incognito Wallet is the best Bitcoin wallet app to send coins anonymously.

Although sending Bitcoin anonymously is the most outstanding advantage, Incognito Wallet still has other awesome features such as staking coins, issuing your own privacy token, and a pDEX exchange.

And by the way, the Incognito Wallet is free to download. It’s available on both iOS and Android, and also has a Chrome extension. With that, you can use the wallet on any internet-connected device.

Best fit for:

Incognito Wallet is the best choice if privacy is your priority. If you want to receive and send bitcoin confidentially, this wallet is worth considering.

Not suitable for:

The idea of the anonymous crypto wallet is new in the crypto space. Incognito Wallet is not really suitable for those who don’t accept new things and are used to their old wallets.

Best Bitcoin app for Android: Mycelium Bitcoin Wallet

Mycelium is the most popular Bitcoin wallet app for Android. It allows users to send and receive bitcoin and keep complete control over their assets. 

The wallet has strong protection methods such as cold storage and encrypted PDF backups, allowing you to protect your funds from cyber risks. Mycelium Wallet also has a local trading marketplace for you to buy and sell bitcoin in-app.

Best fit for:

This wallet is the first call if you are looking for a high-security wallet app. Thanks to its various protection methods, the wallet enables many security layers for you to choose from

Users can secure the wallet with a PIN, watch-only addresses, and a private key imported for secure cold-storage integration. 

Not suitable for:

High security is the advantage and also the disadvantage for this wallet. Beginners who are new to cryptocurrency may find it difficult to set up the wallet and enable all the security functions.

Best Bitcoin app for iPhone: Bread Wallet

Bread Wallet is a digital Bitcoin wallet available as an application for iPhone and iPad. Its friendly interface allows beginners and non-technical users to operate it easily. 

No signup is required and Bread connects directly to blockchain networks, not the wallet’s servers. As a result, you are in total control of your coins.

Trusted by 2 million users in over 170 countries, Bread Wallet has been long considered as one of the most popular Bitcoin apps on the market.

Best fit for:

This Bitcoin wallet app is the best suited for beginners and non-technical users. Getting started and creating an account is very simple without KYC requirements. Bread Wallet also provides users with the ability to buy coins directly.

In short, it’s the best tool to get started in the crypto sphere.

Not suitable for:

Bread Wallet focuses on Bitcoin and some main cryptocurrencies. It doesn’t support a wide range of altcoins as many other wallets do.

Best Bitcoin wallet app in the USA: Coinbase Wallet

California-based company Coinbase is one of the most reputable blockchain firms in the USA. Its exchange platform gets licenses from the USA watchdog, which is considered a very hard task. 

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If you are a US citizen, give Coinbase Wallet a try.

Therefore, the Coinbase Wallet is believed to be one of the best high-security and trustworthy wallets on the market these days. If you are a US citizen, you can buy and sell coins directly with your bank account, which is not usually seen in many crypto assets wallets.

Best fit for:

This wallet should be the first choice for US citizens. You can connect your bank account and credit card to the wallet in order to trade coins directly. Coinbase Wallet is also a user-friendly and highly secured platform for beginners.

Not suitable for:

Coinbase is not suitable for those who take privacy as their concern. Because it’s a US-based firm, the company must report to the US government. It may not harm your funds at all, but your identity is being tracked and you have no privacy in front of the watchdog’s eyes.

Best Bitcoin wallet apps: Other top picks

Blockchain.com Wallet

Blockchain.com is a familiar name in the cryptocurrency world. With a good reputation, Blockchain Wallet has become a favorite choice of many users. 

Blockchain Wallet helps you to create a unique digital assets wallet because it is non-custodial. This means that only you hold the private keys that control access to your crypto. The app also has exceptional security, preventing your information from prying eyes.

Cobo Wallet

Cobo Wallet mainly focuses on the staking feature. It supports staking for many POS coins such as TRON (TRX), Tezos (XTZ), Vechain Thor (VET), NEO (NEO) and others. The wallet also provides you with masternode voting, which is necessary for POS holders.

In short, Cobo is an all-in-one crypto wallet app for you to use and invest in digital assets, especially for POS coins.

Final thoughts on the “Best Bitcoin Wallet App”:

Choosing the right Bitcoin wallet means choosing the right path to get into the crypto space. A good and suitable crypto wallet app will help you optimize the usability of your digital assets.

With this in mind, whichever wallet you use, it must be the best fit for you. Whether you choose high security or privacy-preserving features for your Bitcoin wallet app depends on your priorities and criteria.

Finally, you should not just rely on the security mechanism of the wallet itself. Self-protection is never outdated on the chaotic Internet.

5 best anonymous bitcoin wallets you should know

If you’re looking for a way to hold and trade Bitcoin privately, then this is the article for you! Here are the 5 best anonymous Bitcoin wallets and the reasons why they are must-try options.

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Use anonymous crypto wallet to keep your assets secure

Why you should use untraceable Bitcoin wallets 

As you may know, Bitcoin transactions are merely pseudonymous rather than anonymous. Users’ identities are required for KYC authentication, and as they are recorded and stored online, they’re always a target for hackers. While other privacy methods for crypto-asset transfers certainly have downsides, anonymous bitcoin wallets could be the solution we’re all looking for. 

Which are the best anonymous bitcoin wallets for you? 

  1. Ledger Nano X – Hardware wallet 

If you intend to acquire and hold crypto as a long-term investment, a hardware wallet is an essential purchase for storing your assets anonymously. Hardware wallets keep your cryptocurrencies offline and away from the security issues of the Internet.

With outstanding features, the Ledger Nano X, a newly launched product of Ledger SAS, is very high up on the list of the best bitcoin wallet app wallets giving you the totally anonymous experience. 

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    Ledger Nano X is one of the best anonymous bitcoin wallets for long-term investors

    As the successor to the Ledger Nano S, the Nano X boasts several improved features and provides excellent value for money. It is the first hardware wallet to have Bluetooth connectivity, making it easy to pair with any iOS or Android device. Some Bitcoin experts have claimed that this feature may be a security weak point, however, Ledger’s development team claims that the Bluetooth connection is encrypted and so the private keys are safely stored in a certified secure element. 

    The Nano X supports over 100 wallets at a time, which means you can have millions of unique addresses generated from these wallets. 

    To use Nano X as an untraceable Bitcoin wallet, you’ll need to obscure your ISP using a VPN.

  2. Bitcoinpaperwallet.com – Paper wallet 

    The concept of a paper wallet comes from the idea that storing your private and public key as a physical object offline is the simplest and safest option. Even if the paper wallet is stolen or lost, the owner’s identity is safe and cannot be tracked. 

    Bitcoinpaperwallet.com provides users with an effortless, yet secure, long-term Bitcoin storage solution. By printing out your own tamper-proof bitcoin wallet and generating your own addresses, you will not be at risk from hackers and your identity will be kept secret. 

    With a tri-fold template, all sensitive details including the private key and QR code are folded up and securely taped in order to stay hidden. For additional security, you can seal your wallets with tamper-evident serialized hologram stickers, which will destroy themselves when removed, preventing stickers from being replaced with new ones. 

    Paper wallets generated by Bitcoinpaperwallet.com are the best anonymous bitcoin wallets choice for people who want crypto assets but are not tech-savvy. 

  3. Electrum on Tails operating system – Software wallet

    Although there are hundreds of software wallets available, Electrum is one of the oldest and most established bitcoin wallets on the market. You can download it for free as well as use it on Windows, iOS and Linux. 

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    Use Electrum with Tails system to keep your transactions untraceable

    Electrum provides you with a password seed, which allows you to recover your assets if the private key is lost. As a self-hosted wallet, you have full ownership of your private keys all the time. 

    Electrum is not an anonymous crypto wallet by default, however, you can keep your transactions untraceable if you use the Electrum wallet on the Tails operating system. 

    So what exactly is Tails? 

    In their own words: “Tails is a live system that aims to preserve your privacy and anonymity. It helps you to use the Internet anonymously and circumvent censorship almost anywhere you go and on any computer but leaving no trace unless you ask it to explicitly.”

    Electrum is an option worth trying if you are looking for one of the best anonymous bitcoin wallets for your laptop or PC. 

  4. Samourai wallet – Mobile wall

    Samourai wallet is one of the best anonymous bitcoin wallets to keep your transactions private, your identity masked, and your funds secure.

    The developer team of Samourai is deeply committed to creating privacy for Bitcoin transactions, as they state in their introduction: 

    We are privacy activists who have dedicated our lives to creating the software that Silicon Valley will never build, the regulators will never allow, and the VC’s will never invest in. We build the software that Bitcoin deserves.”

    The Samourai mobile app has robust features that guarantee a high level of anonymity for users when transacting Bitcoin:

    • No Address Reuse: Samourai is an HD wallet that alerts you when an address has been used before, helping to avoid unintentional address reuse.
    • Protection with STONEWALL: STONEWALL enables Samourai’s transactions to generate higher entropy than normal Bitcoin transactions; as they resemble CoinJoin transactions on the blockchain, they are more complicated to analyze.
    • Tor & VPN Enabled: Samourai is enabled with Tor and VPN support, giving you the ability to route all transactions through an anonymous IP address 

5. Incognito wallet – Mobile wallet 

Despite being a new arrival on the crypto scene, Incognito Wallet has proven that it can stand toe-to-toe with many other anonymous crypto wallets. For those who are looking to send and buy crypto anonymously, this application comes highly recommended.

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Incognito – send, receive and store Bitcoin with privacy

With innovative features, Incognito turns the cryptocurrency of your choice into its privacy version in just one tap and also gives you full control of your personal data and assets. As a result, you can send, receive and store Bitcoin in total anonymity. 

Incognito functions as a sidechain for privacy coins and connects to the Bitcoin blockchain via a trustless portal. Through the utilization of smart contracts and trustless custodians, Bitcoin users can get a privacy version of Bitcoin (or other cryptocurrencies) issued at a rate of 1:1 on the Incognito chain, which can be switched back to normal BTC without involving any third party. 

When you turn on “Incognito mode” for your crypto assets, no one can see your balance or the details of any transaction – that’s why Incognito is one of the best anonymous bitcoin wallets to try in 2020.  

The Incognito wallet is available to download for free on both iOS and Android.

6. Guarda Wallet   – Mobile Wallet

Guarda Wallet is a non-custodial multi-currency wallet that supports over 45 blockchains and thousands of tokens. The storages come in Web, Desktop (MacOS, Windows, Linux), Chrome Extension and Mobile (IOS and Android) versions. The coins that Guarda supports include Bitcoin BTC, Ethereum ETH, Bitcoin SV, Monero XMR, Zcash (Shielded transactions are supported too), Dash, Ethereum Classic and more.

It is super easy to use Guarda Wallet- you only have to come up with a password for your wallet and download the backup file. No registration needed. That’s it! Now you can store, send, receive and exchange your crypto anonymously.

A great thing about the wallet is that it is always working on new features. Guarda Wallet supports human-readable addresses thanks to integration with Unstoppable Domains, FIO protocol, and ENS. Also, some currency-specific features such as staking and delegation are supported. One more thing worth mentioning is that Guarda was the first multi currency wallet to implement the multisig functionality.

Best anonymous bitcoin wallets: Final words 

Storing bitcoin anonymously is certainly possible nowadays and there is a wide variety of options to choose from. If you want to keep your crypto assets totally offline and away from hackers, then you should be looking at a hardware or paper wallet. If you prefer more flexible solutions that also support untraceable Bitcoin transactions, there are several software and mobile wallets detailed in this article that are great options to try. 

No matter what method you use to keep your coins and transactions untraceable, make sure you do the necessary research so you can find the wallet that works best for you.

Best Bitcoin Wallet & Cryptocurrency Apps in 2020

Picking a best Bitcoin wallet is such a hard task for any users. So, this is the ultimate guide to finding the best Bitcoin wallet (and wallet for other assets) for you. 

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This article will help you find the best Bitcoin wallet.

A brief outline of a Bitcoin wallet

Your Bitcoin wallet is the very first thing you should consider when entering the cryptocurrency space.

A wallet is basically the equivalent of your bank account. It allows you to send and receive Bitcoin and other assets, store them in a safe way and check your balance.

Similar to your internet banking interface, a crypto wallet is an interface between you and the blockchain. 

There are two elements of every Bitcoin wallet: a public key and a private key. The public key is like your bank account number, while the private key functions as your PIN. 

Always keep in mind that the only one that has access to your private key is YOU! If not, your funds are under serious risk. 

Due to this concern, the best Bitcoin wallet for you will be one that doesn’t hold your private key. All the wallets listed below conform to that principle.

Types of Bitcoin (and other assets) wallet

There are many kinds of Bitcoin wallets. They can be online apps, websites, devices that stay offline or even installed on your desktop or mobile phone. 

The variety of crypto wallets available can make it a hard choice, so let’s try to figure out the best fit for you.

Hardware Wallets

A hardware wallet is a physical electronic device that stores your Bitcoin or other assets offline. It functions as totally secure storage, rather than as a platform for trading or exchanging coins, as other wallets do.

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Hardware Wallets keep your digital assets far removed from the Internet.

The core innovation is that the hardware wallet must be connected to your computer, phone, or tablet before coins may be transacted. As a result, when the device is not attached, your funds are safely stored away from the chaotic Internet and far from prying eyes.

Hardware wallets are an excellent choice if security and privacy are your top priorities. 

In addition, as long as you create a secret backup code, you can retrieve your wallet at any time, even if you lose or damage your hardware device.

Advantages of Hardware Wallets

  • The most hacker-proof kind of storage.
  • Easy to backup and secure.

Disadvantages of Hardware Wallets

  • More expensive than other kinds of wallets.
  • Only used to store cryptocurrencies, not to trade them. Requires connection to an exchange platform in order to do so.
  • Might not be the best bitcoin wallet for beginners. Newbies may find them hard to set-up and use.

Software Wallets

As opposed to hardware wallets, software wallets are applications running on the Internet. 

This kind of Bitcoin wallet is installed on Internet-connected devices such as desktops, mobile phones, or tablets. 

As they are online, software wallets generate your private keys when there is an Internet connection. As a result, they are obviously not as secure as hardware wallets.

Flexibility is the biggest advantage of using a software wallet. As it’s a mobile app, you can access your crypto wallet and send and receive your coins wherever you go, whenever you want. So what makes such application become the best bitcoin wallet?

Advantages of Software Wallets

  • Easy to store small amounts of coins and tokens.
  • Many software wallets that are integrated with an exchange help users to trade coins instantly.
  • Accessible across multiple devices. Some popular wallets are available for iOS, Android and desktop, and you can access them from different devices.
  • Multiple coins available. You can store many different assets with software wallets, whereas hardware wallets support a lot fewer. 
  • It’s an all-in-one wallet. They have many useful additional functions such as a DEX, staking, and a Dapps browser. These wallets are not just for storage, they are multi-function crypto devices.

Disadvantages of Software Wallets

  • Not safe enough for storing large amounts of Bitcoin.
  • You must trust the wallet provider to securely store all your information and transactions.

Paper Wallets

Paper wallets come from the idea that you should keep your private keys on physical paper, so no one can see them and steal your assets. Paper Wallets let you print your own encrypted keys and without a scanner, no one can read the encrypted code.

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You must keep your Paper Wallet in a safe place that no one, except you, can access.

Physical wallets have long been considered one of the safest ways to store coins. If properly constructed, and provided that certain precautions are taken, it will be nearly impossible for someone else to access your holdings. 

Advantages of Paper Wallets

  • A paper wallet is an extremely secure way of keeping your coins safe and obviously is not subject to cyber-attacks or malware.

Disadvantages of Paper Wallets

  • The biggest risk with a paper wallet comes down to user error. Once it’s lost, stolen or just faded, there’s no way to recover your funds. So if you have a bad memory, this might not be the best bitcoin wallet for you. 
  • Paper wallets don’t cater to many cryptocurrencies, giving holders fewer options.

How to pick the best Bitcoin wallet

Everyone has their own criteria for the best bitcoin wallet to store their coins and there is an ever-growing list of options. Before picking a wallet, especially a best Bitcoin wallet, you should consider how you intend to use it.

Let’s figure that out by answering these questions below:

1. Long-term holding or frequent trading?

If you just want to ‘hold to die’ or make some long-term investments, a Hardware Wallet or Paper Wallet is the best choice. 

However, if you need a wallet for frequent trading, it would make a lot more sense to consider a software wallet, as they make transactions a lot more convenient.

2. Flexibility or high-security?

As previously mentioned, flexibility is the greatest feature of software wallets.  They’re multi-functional and can work across multiple devices, so you can access them whenever and wherever you have an Internet connection.

However, flexibility does not come for free; you have to trade it for the higher levels of security that other wallets bring to the table. If your top concerns are privacy and the safety of your funds, a Hardware device is the best bitcoin wallet for you.

Best Bitcoin Wallets & Cryptocurrency Apps in 2020

After considering the different types of crypto wallet carefully and making your choice, it’s time to move on to the top Bitcoin wallets apps and hardware.

Best Bitcoin Wallet App in 2020: Trust Wallet

Trust Wallet is one of the most well-known software wallets on the market. Owned by the Binance Exchange, the wallet has everything you’re looking for in a digital assets wallet, such as low transaction fees, high-speed transfers and a wide range of assets supported. In addition, Trust Wallet has other features such as the ability to stake POS coins and a Dapps browser. 

However, the wallet still has the inherent disadvantage of software wallets: you do not have full control over your funds. Your transactions and data are still tracked, which is why we should be looking at getting an anonymous Bitcoin wallet. Let’s check one out. 

Best Anonymous Bitcoin Wallet in 2020: Incognito Wallet

The idea of sending Bitcoin without anyone knowing is the main purpose of an anonymous crypto wallet. 

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Incognito Wallet turns your coins into privacy versions so that you can transact them anonymously.

With one, you can send Bitcoin and other assets without anyone being able to track details of the sender, receiver or how much was involved. Therefore, your financial data and personal information only belong to you and no one can figure out your real identity.

There are many kinds of wallets that help you to send Bitcoin anonymously. However, the Incognito Wallet is the best choice. This wallet turns all your favourite coins into a privacy version; for example, BTC can be swapped for privacy BTC (pBTC) at a rate of 1:1, allowing you to transact it totally anonymously. It’s also quick and instant to switch it back to regular BTC at any time.

The final plus is that the Incognito Wallet is totally free to download and use. It’s available on Android, iOS, and has a Chrome extension. 

To sum up, with all the features it has, this wallet meets all your needs as one of the best anonymous bitcoin wallets in the market. 

Download the wallet: iOS | Android

Best Bitcoin Hardware Wallet in 2020: Ledger Nano S

Ledger is one of the best-known companies that manufacture high-security hardware wallet devices. If you want to keep your bitcoin wallet anonymous, this is the solution for you. The Ledger Nano S is also one of the cheapest hardware wallets on the market, making this decision a no-brainer.

For those who don’t mind splurging a little extra, you can also consider another model – the Ledger Nano X – which has extra storage space and the ability to transact with just a phone or tablet, rather than a PC.  In any case, both models do their jobs very well and with Ledger’s proven reputation, you can’t really go wrong.

The other hardware options for best bitcoin wallet are Trezor Wallet, KeepKey and ColdCard.

Best Bitcoin Paper Wallet in 2020: paperwallet.com

This is the most popular BTC paper wallet generator. It’s the easiest-to-use and with just a few clicks on your web browser, you can easily generate your own wallet.

The other ones worth considering are Bitcoin.com and Generator.net Paper Wallet. Regardless, whichever Paper Wallet you use, always keep in mind that it must be stored in a safe place where only you can access it.

Final words on the Best Bitcoin Wallet App

Clearly, there’s a huge number of wallets to choose from in the crypto sphere and the market is growing all the time. 

Besides the wallets that we’ve mentioned in this article, Blockchain.com Wallet, Coinbase Wallet, imToken Wallet, Exodus Wallet or Mycelium Wallet are also worth your consideration; these are all popular software wallets that have a good reputation in the crypto community. We would, however, like to point out that anonymous wallets, such as Incognito, strike a fine balance between security and convenience; they are definitely worth looking at first. 

Finally, I hope this article will help you choose the best Bitcoin wallet for you in 2020 and beyond.

 

Why you should and how you can untraceable money transfer

You know that untraceable money transfer gives you freedom and privacy. Although there is no method guaranteeing complete anonymity, you can minimize the risk in several ways. 

bReasons for keeping your transactions anonymous

Even though surreptitious transactions are often associated with criminal activities, such as drug dealing or tax evasion, there are completely legitimate reasons why you should seek anonymity for your transactions. On a personal level, you probably wouldn’t want your financial information, for example your net worth or transaction history, to be obtainable and exploitable by advertisers or hackers. In order to avoid this situation, you may prefer to make untraceable money transfer. 

From a business perspective, the implications could be much broader, as decisions may relate to trade secrets or client privacy. Therefore, it’s important to know which method will meet your particular needs.

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Keeping your transactions anonymous is important

Cash transfers 

Transactions that involve third-parties such as banks, payment gateways or digital platforms are easy to track, as those middlemen store your sending and receiving history. There is nearly no way to untraceable bank transfer. As a result, many people prefer to pay face-to-face, specifically using cash as a way for untraceable money transfer. The anonymity of such transactions is established by the trust and consensus between the two parties involved. The required can also be a disadvantage, however, as privacy is only maintained as long as both parties stay committed to the deal.  

Pros: 

  • No transaction fee for untraceable money transfer
  • Transaction history is not recorded.  

Cons: 

  • Geography can be an issue, with long-distance and cross-border transactions being problematic.
  • Carrying large sums of money is always a risk.
  • As there are no records or verification checks, a lot of trust is required from both parties to keep their side of the deal. This is obviously a haven for fraudsters.
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Cash is the old-time way

Setting up an anonymous PayPal account 

This may sound impossible, but this practice for untraceable money transfer is actually widespread on the Internet. The methods may vary but they all include some basic steps; setting up a clean IP, creating an untraceable PayPal account with an address that is linked to the paid VPN, and adding an anonymous debit card to verify the account. Even though this approach enables users to send, receive and withdraw money with more privacy, it could cause legal risks if any suspicious activity is detected.     

Pros: 

  • You can send and receive money internationally
  • Easy to make payment with fiat currency 

Cons: 

  • The process is cumbersome and time-consuming. 
  • Does not guarantee surveillance-free transactions, potentially poses legal risks 

Using cryptocurrency 

Recently using cryptocurrency is thought to be a method for untraceable money transfer. In fact, Bitcoin and the majority of cryptocurrencies are neither private nor anonymous. As extensions of Blockchain technology, they were invented to provide transparency and security for asset transfers. No transactions made on Bitcoin blockchain are governed by any third-party, instead, be verified by the whole network. Although these transactions do not directly contain users’ information such as their name, physical address or email, people’s identities are required for KYC authentication and can be revealed to all if the site is hacked. KYC is mandatory when trading Bitcoin for fiat currency, meaning that your personal information is stored on these sites

However, there are still ways for untraceable money transfer with cryptocurrency. 

1. Bitcoin mixing

When it comes to untraceable money transfer using Bitcoin, Bitcoin mixing, also referred to as coin tumbling or laundering, is a process that tries to break the connections between the Bitcoin sender and recipient’s address. The procedure involves a few steps: firstly, you submit the amount of Bitcoin you want to be tumbled, thenn the mixer service shuffles your Bitcoins with someone else’s cryptocurrency to release a fresh batch of Bitcoins under a random address. If done properly, transactions can be made almost impossible to trace and you aren’t required to leave any personal details. There are several services offering bitcoin mixing, with Smart Mixer, Wasabi Wallet and Samurai Whirlpool being solid options. 

Nonetheless, for an extra layer of anonymity, you should only access these services with an encrypted VPN and web browsers that don’t track your browsing history or IP, such as Tor or Brave.

bitcoin-Untraceable-money-transfer-mixing
bitcoin mixing is a popular method for crypto users

 

Pros 

  • Services are accessible and guarantee high anonymity for untraceable money transfer.

Cons: 

  • Coin mixing services are often quite costly. 
  • The process is complicated and inconvenient for regular use. 
  • Service providers can be dishonest about their privacy and reveal your address when processing the transactions. 

2. Privacy altcoins 

Due to the downsides of Bitcoin, several altcoins have stepped up and attempted to solve the pseudo-anonymity problem. Some of the most well-known privacy altcoins are Monero, Dash, Zcash and Zcoin. Each of them follows a different protocol to provide their users with privacy when sending or receiving crypto assets. However, most privacy altcoins are still new to the market and need further improvements to effectively serve as a private method for money transfer.

Pros: 

  • Altcoins are fungible, which helps avoid subsequent loss of value or rejected transactions. 

Cons: 

  • Most altcoins are difficult to purchase in the mainstream market. 
  • The adoption of privacy coins is low and not user-friendly for beginners. 

3. Private crypto wallets 

While other methods for anonymous crypto transactions still have visible drawbacks, private crypto wallets may be a superior solution to those who ask for untraceable money transfer. These wallets have the same functions as the normal ones, allowing users to send, receive and store your crypto assets, however, they also provide users with complete ownership of the private keys and allow them to send bitcoin (and other crypto assets) with total anonymity. 

Even though this concept is not currently well-known by mainstream users, there are different options available on the market at the moment. While hardware wallets keep your funds offline and private, software wallets help to send, receive and store crypto assets anonymously when connected to the Internet. 

If you need an effortless method to send bitcoin anonymously on a daily basis, Incognito Wallet is what you are looking for. 

Incognito Wallet – An anonymous bitcoin wallet of choice

Incognito Wallet is an untraceable money transfer app that turns the cryptocurrency of your choice into its private version with just a tap. The innovative features of this app give you full control of your personal data and assets; you can send, receive and store Bitcoin in total anonymity. The Incognito wallet might not be the best bitcoin wallet, or best anonymous one specifically, but it is for sure that you can get a very high confidentiality level when using Bitcoin with this wallet.

incognito-Untraceable-money-transfer-wallet
Incognito Wallet – An anonymous bitcoin wallet of choice

As a sidechain for privacy coin, Incognito chain builds a trustless portal to connect to Bitcoin blockchain. Holders of Bitcoin can obtain a Privacy version of Bitcoin issued at a rate of 1:1 on the Incognito Chain, and can switch it back into BTC simply and at any time. The two processes are all executed automatically and independently from any third party, through the utilization of smart contracts and trustless custodians.

When you turn on “Incognito mode” for your crypto assets, no one could see your balance or details of the transactions. In addition, Incognito Wallet app is totally free and available for Android, iOS and PC with a Chrome extension.

As things stand, Incognito is still growing and while the number of coins listed on its app is lower than traditional wallets, more are being added each week. 

Takeaways 

There is a lot of time and energy being put into creating systems that allow people to make an untraceable money transfer. You have every reason to seek privacy when conducting transactions, and thankfully there are various methods at your disposal, as detailed in this article. It’s definitely worth researching the different methods mentioned in more detail, so you can find the one that works best for you. In any case, always look to keep your transactions anonymous. 

The ultimate guide to obscure sender crypto transaction

Transactions on public blockchains are always traceable. Any Bitcoin users, Bitcoin senders to be more exact, should always find ways to obscure sender transaction, so you can protect your funds and information. Here is the guide to obscure sender crypto transaction and reasons why.

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Guide to obscuring senders’ crypto transactions.

Reason to obscure sender crypto transaction

1. Understanding Bitcoin’s transparency

As designed by Satoshi Nakamoto, all the transactions on the Bitcoin network are stored on a distributed ledger, which is publically available throughout the world. This creates what is called Bitcoin’s transparency. 

The point is that anyone can view a public address and check the number of Bitcoins associated with it. However, the dark side is that a user’s identity can be found by tracking the IP addresses involved in the crypto transactions.

That’s why Bitcoin is not really anonymous. With every transaction publicly disclosed on the Blockchain and identity verifications (known as KYC) required by exchanges, it’s easy to trace transactions back to your wallet. 

2. All Bitcoin transactions are traceable

As every transaction uses Bitcoin from a prior transaction, and the blockchain is public data, every Bitcoin payment has a traceable history that can be viewed by anyone. 

While addresses are totally traceable, they aren’t directly linked to any person or entity. However, they also cannot hide your financial history. And with the use of some underhand techniques, your real identity can easily be exposed.

The most important thing to remember when attempting to remain anonymous is to not reveal your identity when you first buy Bitcoin. This is because every transaction that takes place on the Bitcoin blockchain can be viewed by anyone, so your transactions can be traced back to your original address.

3. Why do we need to obscure sender crypto transaction?

The main reason is that you don’t want to get hacked or become a potential target. Publicizing your identity and financial status on the Internet is never ideal.

Bitcoin’s Blockchain is built on solid cryptography which prevents counterfeiting and other types of fraud, but the human element in its transactions is certainly its weakest link. 

Many people are looking for ways to send Bitcoin anonymously because they hate giving their photo ID to different crypto exchanges.

Fortunately, there are many ways to hide your transactions. Some cost money, while others are totally free. Let’s have a look at the pros and cons of these methods.

5 ways to obscure sender crypto transaction

1. An anonymous crypto wallet – The best way to obscure sender crypto transaction

The idea of an untraceable money transfer is the main purpose of an anonymous crypto wallet. With one, you can send Bitcoin (or other assets) without anyone being able to see the details of the sender, receiver or how much was involved. Therefore, your crypto assets are well-protected.

Incognito-obscure-sender-crypto-transaction-wallet
The Incognito Wallet is a great anonymous crypto wallet.

There are many anonymous crypto wallets on the market these days and one of the best is The Incognito Wallet

This Wallet is the first privacy-preserving mobile wallet for all your crypto assets. To enable privacy for your crypto, simply deposit BTC, ETH, PRV, or any of your favorite ERC20 or BEP2 tokens into the Incognito Wallet. It’s really as simple as that.

That’s all you really need to do. The transactions made through Incognito Wallet are completely confidential. To turn off incognito mode, you simply withdraw your tokens back into another crypto wallet, which you can do at any time.

The Wallet is based on the Incognito Chain, which is a project focused on building a privacy sidechain to many major public blockchains. Thanks to this innovative idea, you can send and receive your favorite coins with total privacy and anonymity.

Using the Incognito Wallet is the best method for obscuring senders’ crypto transactions easily and for free.

Pros

  • No one can see your balance or track your activity. As a result, the only one who owns your financial information is you.
  • The Incognito Wallet is both user-friendly and technologically innovative.
  • It’s totally free. You don’t need to pay for any of its awesome features.

Cons

  • The concept of anonymous crypto wallets is new in the space, so many people may not be willing to switch from something they’re more familiar with.

2. Bitcoin Mixing – Break the link between your Bitcoin addresses

As previously explained, people can track your Bitcoin transactions because all the transactions are stored on a public ledger that shows the link between every address. One way to break that link in order to obscure sender crypto transaction, is Bitcoin Mixing.

Mixing Bitcoin breaks the link between wallet addresses by either creating temporary addresses or by swapping coins with other addresses of the same value. This method makes it harder for prying eyes to trace your transactions on the blockchain.

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Bitcoin Mixing helps to break the link between your Bitcoin addresses.

Some choices that could be worth considering are Smartmixer, Wasabi Wallet or Samourai Whirlpool.

Pros

Bitcoin mixing methods obscure sender crypto transaction so no one can trace back sender’s address.

Cons

  • This service isn’t free. Users will need to pay quite a lot if they use it frequently.
  • You must trust the service providers not to steal your funds and keep your login information secure.
  • The service is only available for Bitcoin transactions, which is no good for holders of other forms of crypto.

3. New addresses wherever you make a crypto transaction

When using HD wallets such as the Ledger Nano X, Trust wallet or Trezor, you can generate any number of receiving addresses you want. 

Whenever you want to transact Bitcoin, use a brand-new address. This method is somewhat similar to Bitcoin Mixing. It helps to keep your crypto transactions untraceable because it’s very difficult for someone to link all of those random addresses together.

If you only use one address, a bad guy can track every single movement, figure out how much you have stored and even worse, work out your real identity to steal your assets. That is not a risk worth taking.

Pros

  • It’s easy to generate new addresses. Many crypto wallets help you to do so with just one click.

Cons

  • It’s hard to manage all of your addresses. If you trade a lot, you will have so many that it might be hard to keep track of them.
  • Generating a new address is free. However, making a transaction is not. When you want to send your coins to one or two addresses, the transaction fees will cost you more.

4. Privacy coins – An alternative method for hiding your cryptocurrency transactions

As it’s now common knowledge that Bitcoin is traceable and always has been, the crypto community is quickly beginning to realize that in order to send coins anonymously, all you really need are privacy coins.

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Privacy coins are very popular in the community.

Privacy coins allow users to transact freely with complete privacy and confidentiality. The details involved, such as the addresses of the sender and receiver and how much was sent, are completely hidden. P

Privacy coin is the popular way to obscure sender crypto transaction. However, this method isn’t suitable all the time. For example, say you have BTC and want to hide your Bitcoin transactions. If you use BTC to buy privacy coins to send anonymously, you’re still not obscuring your Bitcoin transactions.

Pros

  • Privacy coins were created to make private crypto transactions. For transferring money and obscuring the sender’s transaction, privacy coins really are ideal.

Cons

  • It’s not ideal when you want to shield other coins’ transactions such as BTC or ETH. 

5. Private browsers and VPNs – Staying anonymous on the Internet

If you weren’t aware, most common web browsers track your data, IP address, and browsing history, even when you’re using incognito mode. When buying, selling or storing coins, you’re better off using a privacy browser like Tor or Brave, which is also a blockchain project. 

Moreover, you could use a VPN that doesn’t store the history of your activity on their servers. VPNs encrypt all of your Internet traffic and route it through multiple servers of your choice in different locations, before arriving at its final destination.

Using a VPN is another way to improve the anonymity of your Bitcoin transactions. However, you will have to trust the VPN service provider not to log your activities.

Pros

  • Even if you don’t need to make a crypto transaction, using a private web browser and/or a VPN is a solid way to protect your data, especially financial information.
  • Many private browsers are now free to use.

Cons

  • Some VPNs/Private browsers are not particularly user-friendly.
  • Some may find it hard to change their current habits and switch over to these methods.

The Summary of “Ways to obscure sender crypto transaction”

Unless your intention is to receive public donations or payments with full transparency, publishing your cryptocurrency address on any public space such as a website or social network is not a good idea. If you choose to do so, always remember that even if you move any funds from this address to one of your other others, everyone, even the bad guys, can track every single movement. 

Self-awareness is always necessary. If you want to obscure sender crypto transaction, there’s no reason to publicize yourself on the chaotic Internet. You might do it accidentally, but the loss of assets will always be very real.

That’s all from our side. This guide brought you the main tools and techniques at your disposal to shield your cryptocurrency transactions. Now it’s up to you to experiment and find the way that works best for you. Good luck out there and stay safe!