Best Private Crypto Wallet: Top 5 for storing your coins

Avoid the lack of privacy in the crypto sphere! Your coins need to be held in a secure way, so let’s discover the best private crypto wallet in this article.

best-private-crypto-wallet-to-use-in-2020
Avoid the lack of privacy by using the best private crypto wallet

What is a private crypto wallet and what does it look like?

What is a crypto wallet with a private key?

The purpose of a crypto wallet is essentially the same as the wallet you’re carrying right now, only it’s online rather than sitting in your pocket. It helps you store and manage your cryptocurrency assets like coins and tokens, as opposed to your physical cash.

Blockchain wallets have two elements: a public key and a private key. Private keys are like the PIN you use to access your bank account, while public keys are similar to your bank account number. 

Every public key requires a private key for access, allowing the key holder to manage, buy or sell their crypto assets. For this reason, and much like a PIN, your private key should be kept confidential because if anyone else knows what it is, your assets may be compromised.

With this in mind, your crypto wallet of choice works as a gateway between you and your address (your crypto-bank account). Much like an internet banking portal, it is basically there for you to enter your private and public key and access your account easily.

Private crypto wallet – The most secure type of crypto wallet

Wallets are secure to varying degrees. The level of security depends on the type of wallet, the service provider and the technology of the wallet itself.

The most secure wallets are ones that never keep your private key. As mentioned previously, the ownership of the private key should always be yours. If not, your crypto funds may be at risk. 

With this in mind, the best private crypto wallet to choose must be one that doesn’t hold your keys and also enables you to send Bitcoin (or other assets) without anyone knowing.

secure-type-of-best-private-crypto-wallet
The best private crypto wallet is the one that does not hold your keys

So now you know about private crypto wallets, so let’s  find the most suitable ones for you.

How do I find the best private crypto wallet?

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

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

1. Do you need a wallet for everyday purchases or just buying and holding cryptocurrencies as an investment?

If you just want to “hold to die” or make some long-term investments, a Hardware Wallet is the best choice. It’s a physical device that stores coins offline, so it is not for those who want to buy and sell extremely frequently. With that in mind, if you need a wallet for everyday purchases, it would be better to consider an online wallet.

2. Do you plan to use several coins or one single coin?

Nowadays, multi-coin wallets are very popular in the sphere, as they offer a wide-range of coins in just a single wallet, so users don’t need to switch up to trade different assets. 

Single coin wallets, however, have other advantages. They’re usually wallets that are established by the projects themselves so they have full-service and support for their specific cryptocurrency. For example, if you want to store TOMO, the best wallet to choose would be the TOMO Wallet. It allows you to stake TOMO, vote for network validators and access TomoChain’s DApps. You cannot find these features in a multi-coin wallet provided by a third party.

3. Do you require access to your private crypto wallet from anywhere or only from home?

The bigger the crypto adoption, the bigger the use-case is. You can meet many merchants that accept Bitcoin and other assets in your local area these days. That’s why having a mobile wallet that you can take anywhere is ideal. 

However, if you don’t need to access your wallet so frequently, it’s better to choose a browser wallet or desktop wallet. Accessing your crypto wallet from home prevents prying eyes in public places.

many-options-to-choose-best-private-crypto-wallet
There are many options to choose from to find the best private crypto wallet

After considering the different types of crypto wallet carefully and making your choice, it’s time to move to the top 5 best private crypto wallets.

The 5 best private crypto wallets for storing coins

1. Trezor Wallet – The best hardware wallet for holders

Trezor Hardware Wallet is a physical device that plugs into your computer, tablet or phone to access your coins, but it stores them offline. This means that cybercriminals cannot access this kind of wallet via the Internet, as they can with other types of private crypto wallets. 

Pros:

  • The most hacker-proof kind of storage.

Cons:

  • More expensive than other kinds of wallet.
  • Only used to store cryptocurrencies, not to trade them. Requires connection to an exchange platform in order to do so.

2. Mycelium Wallet – Keep full-control over your Bitcoin

If you’re an advanced user looking for an even greater deal of privacy, Mycelium Wallet should be one of your first ports of call. This mobile wallet allows iPhone and Android users to send and receive Bitcoin and keep complete control over their Bitcoin. No third party can freeze or lose your assets. 

With many privacy and protection methods such as cold storage and encrypted PDF backups, along with rich features like a local trading marketplace and secure chat, Mycelium Wallet has long been regarded as one of the best private crypto wallets on the market.

Pros: 

  • Good privacy and advanced security.
  • The Wallet has many features to explore.

Cons:

  • Mycelium Wallet is only available on mobile devices. No web or desktop interface. 
  • The Wallet is for more advanced users rather than beginners.

3. Armory Wallet – Desktop wallet to access from home

Armory Wallet is an open-source desktop wallet that places emphasis on security and privacy for users. Armory’s features vary from cold storage, multi-signature transactions, one-time printable backups to a multiple wallet interface. This Wallet is a good option for tech-savvy users who are looking for crypto wallets to keep their coins safe and secure.

Pros: 

  • Good privacy and great security features.
  • The Wallet offers solid cold storage options so you can store your coins privately.

Cons: 

  • Only accessible via the desktop client.
  • As mentioned previously, Armory Wallet is suitable for experienced users and is not really beginner-friendly.

4. Trust Wallet – Access your wallet from anywhere

Trust Wallet is the world’s leading multi-asset digital wallet for both Bitcoin and Altcoins.

Since the M&A by Binance in 2018, Trust Wallet has become the official mobile wallet of arguably the most popular exchange around. It allows users to store, access and transfer coins for relatively low fees. Furthermore, Trust Wallet allows you to make instant trades thanks to its integration with the Binance DEX and Kyber Network.

Pros:

  • It’s an ideal choice for multi-cryptocurrency users.
  • Trust Wallet directly provides you with trading coins.
  • Access to additional features, such as staking POS coins and access to DApps.

Cons:

  • It’s a Hot Wallet, which means you cannot have full control of your fund. 

5. Incognito Wallet – The best way to send Bitcoin without anyone knowing

The idea of sending Bitcoin anonymously is the main purpose of a private crypto wallet. With one, you can send Bitcoin (or other assets) without anyone having any details of the sender, receiver or how much was involved. 

The Incognito Wallet is exactly that. Incognito isn’t just another privacy coin like Zcash or Monero. Incognito turns all your favorite coins into privacy coins. One tap turns your Bitcoin into privacy Bitcoin. Another switches it back to being public again. Congratulations, you’ve just found the most convenient way to send Bitcoin anonymously.

Pros:

  • No one can see your balance or track your activity. As a result, you take back control and don’t need to trust any entity with your personal data and transactions.
  • The Incognito private crypto 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 wallet is new in the space, so some people who have already gotten used to other wallets might find it hard to switch.
  • The Incognito Wallet does not currently list as many coins as some other wallets, though this figure is growing.

6. Other wallets

Clearly, the cryptocurrency market doesn’t have just a few crypto wallets; there’s a huge number to choose from and the market is growing all the time.

Blockchain technology is constantly improving, and the same can be said about private crypto wallets. The best today may not even exist in the future and  just because we haven’t mentioned some wallets with private keys on this list, doesn’t mean they aren’t good enough. 

Blockchain.com Wallet, Coinbase Wallet, imToken Wallet, Exodus Wallet and the Ledger Nano X are also great choices. Do not hesitate to give them a go in your quest to find the wallet that works best for you.

Final words

Choosing the right private crypto wallet is one of the first things you must consider when entering the cryptocurrency sphere.

Due to the huge number of crypto wallets, it can be confusing at the beginning. However, when you’ve accrued a little experience in the sphere, you will soon be interested in the diverse range of wallets available. 

We’ve provided you with a list of options to help you find your best private crypto wallet; it all depends on your purpose and which coins you want to store. However, keep in mind that the ownership of your private key should always be yours. If not, your crypto funds may be at risk.

Protect Your Privacy By Using Incognito Mode With Untraceable Transactions

Avoid worrying about privacy in the cryptoverse. This guide will show you “how to keep my bitcoin transaction untraceable” with the Incognito Wallet.

This-guide-will-show-you-how-to-keep-my-bitcoin-transaction-untraceable
How does Incognito wallet keep your Bitcoin transactions untraceable?

Why do I need to send Bitcoin anonymously?

Bitcoin transactions are traceable

Bitcoin is rapidly becoming a bigger part of the digital world but it’s quite tricky to be completely anonymous when using this cryptocurrency. 

Bitcoin transactions, by design, are not linked to a person or identity. Public addresses are used for transactions – like a bank account but with an encrypted name. Neither your name, physical address, nor email address is found anywhere in any transaction, but your identity can still be tracked down using public address information and IP tracking. For a long time making plenty of transactions, have you ever been anxious about the question “how to keep my bitcoin transaction untraceable?”.

Once addresses are used, however, they become tainted by the history of all the transactions they are involved in. Anyone can see the balance and all transactions related to any address. This is what we call Bitcoin transparency.

Since users usually have to reveal their identity in order to receive services or goods, sending Bitcoin anonymously turns out to be quite a difficult mission. As the blockchain is immutable, it’s important to note that something untraceable right now, may actually become easy to trace in the future. 

In short, if you own a Bitcoin address and use it to send or receive BTC, the history of your transactions is traceable. Everyone can see your exchanges, the address of your trading partner and the amount of every transaction you’ve ever made. Have you ever thought of any tools that give you the answer for this burning issue: “How to stop people from seeing what i do with my bitcoin?”.

The risk of Bitcoin transparency

Imagine that a hacker knows your Bitcoin address. They can use that to track your balance and work out how much you have stored. What do you think they could do with that information?

The bigger this lack of privacy threat to the Bitcoin space is, the harder the answer for this question “how to keep my bitcoin transaction untraceable?” could be found. For those who value privacy, crypto assets have long come with an unappealing trade-off. Transactions are recorded on public ledgers, displaying the amounts involved and broadcasting the virtual identities of their senders and receivers to whoever wants to see them.

Regardless of cybercrime or other types of financial crime, there’s still no need to tell the world how much money you have, or how many coins you’re holding. Like your personal identity, your financial information is one of the most important things to keep confidential in this day and age. You need to be concerned about your privacy and the safety of your personal information.

All this is why Bitcoin transparency is one of the biggest motivations for the crypto community to find ways to protect privacy. So let’s look at the solution: untraceable transactions.

How to keep my bitcoin transaction untraceable?

How to stop people from seeing what I do with my bitcoin?

There are many ways and methods to keep your Bitcoin transactions untraceable. Most try to avoid the transparency of the Bitcoin blockchain by hiding your real Bitcoin addresses, so that no one can track down your transactions or balance.

Over the last 10 years, the crypto-verse has come up with a variety of ways to improve security and minimize private data usage, such as Bitcoin Mixing, no-KYC crypto exchanges, private web browsers with VPNs and privacy coins. 

In any case, the overall purpose is to stop people from seeing what you do with your Bitcoin and there has been a degree of success in that pursuit. Mixing and obscuring addresses definitely can work.

However, it’s still not ideal. You still have to place an element of trust in the service providers not to steal your funds and keep your login history secure. The amount of faith required to do that means that there is still a need for alternative methods.

The rise of private crypto wallets

The idea of finding the ideal answer for this question “how to keep my bitcoin transaction untraceable?” is the main purpose behind private crypto wallets. With one, you can send Bitcoin or other assets without anyone having any details of the sender, receiver or how much was involved. 

Answer-the-question-how-to-keep-my-bitcoin-transaction-untraceable-with-private-crypto-wallet
You can totally send Bitcoin or other assets without anyone seeing any details by Incognito Wallet

The benefits of a private crypto wallet are that nobody can see your balance or track your activity on the blockchain. Obviously, this goes some way to prevent harmful attacks on your assets and as a result, you take back control. It’s liberating when you do not need to trust any entity with your personal data or transactional information.

The only real disadvantage is that private crypto wallets are relatively new on the scene. Users have already gotten used to their existing wallets, so they might find it hard to switch over. Moreover, right now, many private crypto wallets only allow users to send Bitcoin and a limited number of popular cryptocurrencies.

If you’re looking for a private crypto wallet, The Incognito Wallet is the one to go for. Based on the Incognito Blockchain, which is a privacy sidechain designed to give access to other blockchains, the Incognito Wallet allows you to store, send and receive all your crypto assets with total privacy. 

The Incognito Wallet – incognito mode with untraceable Bitcoin transactions

What is the Incognito Wallet?

The Incognito 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.

All the transaction details going forward are completely confidential. To turn off incognito mode, you simply withdraw your tokens or coins back into your other crypto wallets, which you can do at any time.

The Wallet itself is based on the Incognito Chain, which is a privacy sidechain that can be attached to any blockchain for the purpose of conducting confidential asset transfers. The Incognito sidechain runs parallel to the main blockchains, allowing for secure two-way transfers of crypto assets whenever privacy is needed.

What can I do with the Incognito Wallet?

As a crypto wallet, Incognito has all the functions you get from a regular wallet but you can also use the Incognito Wallet to:

  1. Send and receive cryptocurrencies completely privately. Right now, you can send BTC, ETH, BNB, TOMO, ONE and others in incognito mode. The wallet is listing more currencies all the time, so it will definitely support even more coins and tokens in the future.
  2. Store your assets away from prying eyes. As previously mentioned, by using incognito mode, no one can track your balance or your transactions. This is done by using a system built on zero-knowledge proofs, where the sender, receiver and amount are all obscured on the blockchain – there’s nothing traceable there. 
Incognito-wallet-help-people-resolve-the-issue-how-to-keep-my-bitcoin-transaction-untraceable
The ideal wallet to store your assets 100% privately

3.Stake crypto to earn more on the Incognito blockchain. Staking POS coins is a trending function of the crypto wallet and you can stake coins directly using the Incognito Wallet.

4. Issue your own privacy token. The Incognito blockchain makes it easy for users to self-issue a privacy token, which is a definite bonus for businesses.

5. Trade crypto privately. The Incognito pDEX is the first-ever private decentralized exchange. This is where you can trade crypto in total privacy and without having to place any trust in any third party.

6. Use privacy-oriented apps. Last but not least, the pApp store is a collection of the first privacy-focused blockchain applications. You can find many interesting and awesome DApps available there.

How is the question “how to keep my bitcoin transaction untraceable” solved using the Incognito Wallet work?

Allow me to give you a simple example of how the Incognito Wallet works.

Say I have 5 BTC and all I want is to keep people from seeing what I’m doing with it; I just want to keep my Bitcoin transactions untraceable.

If I send 5 BTC to my Incognito Wallet (after downloading and installing it on  my phone, of course), I can convert it into privacy Bitcoin (pBTC) at a rate of 1:1. 

Now I want to send some of my pBTC to another Incognito Wallet address. The app is easy to use and intuitive, so all I need to do is input the wallet address and amount, hit send and it’s done with no details left on the chain. 

Then, supposing that I’d sent 3 pBTC, I’d have 2 pBTC left. If I wanted to re-convert that into Bitcoin, it would only take a couple of taps on my screen and be done in a matter of moments.

So that’s it, Bitcoin transactions in Incognito mode. Nobody can track how many coins I sent, who received them, how much I had or how much I have. It’s great to feel secure. 

Conclusion

As the crypto sphere has lacked privacy for a while, the need to figure out the answer for this burning question “how to keep my bitcoin transaction untraceable ?” was inevitable. Up until recently, the ways of hiding your transactions and balance had always been a trade-off. You either had to pay a lot of money for the services or had to place a lot of trust in the service providers. Thankfully, the game has changed. 

The advent of private crypto wallets, such as the Incognito Wallet, means that now you can make untraceable transactions by using the incognito mode for blockchains. All you need to do is to send coins to the wallet and you can conduct your transactions with total privacy. Considering that it’s totally free and easy-to-use, it’s definitely worth checking out.

How To Stop People From Seeing What I Do With My Bitcoin

Today I’ll explain how to stop people from seeing what I do with my bitcoin, through my years of experience. Then I’ll show you how to send bitcoin anonymously.

This-guide-will-show-you-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
The great guide to hiding your Bitcoin activities

BITCOIN ’S ANONYMITY

On a daily basis, whenever you spend money using traditional payment methods such as a debit card or bank transfer, your identity will be revealed without you even noticing. 

This is because the financial institution you are registered with has all of your personal information. It’s not only with spending money either; every time you send or receive funds electronically, the bank knows how much you are sending and who you are sending it too.

Thankfully, Bitcoin is different. Instead of revealing your real-world identity when you send or receive funds, you transact on a peer-to-peer basis using just a Bitcoin address. This means that no third parties are required and there’s no link to your actual identity. Is bitcoin actually anonymous, though? If not, how to stop people from seeing what I do with my bitcoin?

1. Is bitcoin transaction really anonymous?

No, it isn’t. As we all know, all the transactions on the Bitcoin network are stored on a distributed ledger, which is publically available throughout the world. The issue here is twofold. Firstly, anyone can view a public address and check the number of Bitcoins associated with it.  Secondly, a user’s identity can be found by tracking the IP address that was used to perform the transactions on the blockchain.

Despite its reputation, Bitcoin is not completely anonymous; With every transaction publicly disclosed on the Blockchain and identity verifications required by exchanges, it’s easy to see how your Bitcoin can be traced back to you. 

2. Can Bitcoin transactions be traced?

Of course. 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 100% traceable, they aren’t directly linked to any person or entity. As a result, Bitcoin is often called pseudonymous or pseudo-anonymous. 

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. Although Bitcoin is now becoming more familiar with crypto users, but the question “how to stop people from seeing what I do with my bitcoin” is still unsold. 

3. Why do we need to buy and send bitcoin anonymously?

The main reason is that you don’t want to get hacked or become a potential target. Raising your privacy level will simply lower the risk of these things happening. 

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

Many people are looking to buy Bitcoin anonymously but hate giving their photo ID to different Bitcoin exchanges. In the next section of this guide, we’ll look at the question that many people are asking: “How do I stop people from seeing what I’m doing with my bitcoin?” and then we’ll look at how to send bitcoin anonymously.

HOW DO I STOP PEOPLE FROM SEEING WHAT I DO WITH MY BITCOIN?

Here are some identity-hiding tips you can use that are considered to be some of the safest, easiest and fastest methods to send bitcoin anonymously

1. Method 1 – LocalBitcoins: A convenient way to buy and send bitcoin anonymously

The first anonymous Bitcoin exchange to examine is ‘LocalBitcoins’. Should it be actually helpful on looking for the answer of this hard question “how to stop people from seeing what I do with my bitcoin?”. Let’s have your eyes on this research for further information.

LocalBitcoins has on-the-ground buyers and sellers in nearly 13000 cities around the world. You can meet up with someone and pay cash directly, send them money through PayPal, Skrill or Dwolla or arrange to deposit cash at their bank branch. 

method-1-of-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
A convenient way to buy and send bitcoin anonymously

LocalBitcoins allows the user to buy Bitcoins without verification and also supports a wide variety of payment methods. The site is easy to work with and also upholds its users’ privacy and security.

However, buyers need to be aware of transaction fees, as sellers are in complete control and can set whatever price they want. You should also be careful if trading face-to-face using cash, as you never know what might happen.

2. Method 2- Incognito: an excellent answer for the question “how to stop people from seeing what I do with my bitcoin?”

Incognito and their team are looking to redefine privacy. They are one of the best services out there that allow you to buy cryptocurrency without verification.

method-2-of-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
Incognito is one of the best services that allow you to buy cryptocurrency without verification

Incognito’s privacy sidechain can be attached to any Blockchain to conduct confidential asset transfers. The Incognito sidechain runs parallel to main Blockchains, allowing for secure two-way transfers of crypto assets whenever privacy is needed.

The Incognito network maintains the ledger and records all the transactions for transparency purposes, but to ensure privacy, every transfer using privacy tokens will not have an amount, sender or receiver that can be tracked. In the other word, Incognito mode is helpful to obscure sender crypto transaction. This is accomplished by using a sophisticated system built on zero-knowledge proofs. 

The Incognito wallet is available on iOS, Android and as a Chrome extension. Users are in control, as they hold their own keys and sign all transactions locally. The aforementioned zero-knowledge proof system implemented on the client-side gives users a fast, secure, privacy-first experience. Users can also run a virtual or hardware node to earn block rewards and they can even issue their own privacy coins.

Incognito allows users to store, buy and send bitcoin anonymously. No one can view your balances or track your activity. By turning all your coins into privacy versions, you get the absolute best-in-class privacy solution and an unbeatable crypto wallet with a private key.

If you’re looking to send bitcoin without anyone knowing, then this is the easiest way. Incognito is the answer to the question “how to stop people from seeing what I do with my bitcoin?” 

3. Method 3 – Bitcoin ATMs: another good option for sending bitcoin anonymously

Did you know that just like real-world ATMs, there are also Bitcoin ones too? However, rather than entering your card and withdrawing cash, you enter your cash and receive Bitcoin!

method-3-of-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
Just easily enter your cash and receive Bitcoin

As Bitcoin is a digital currency, you don’t withdraw any physical coins. Instead, you supply the machine with your Bitcoin wallet address, and it transfers the funds across to you. 

If you don’t have a Bitcoin wallet address already, the Bitcoin ATM can create one for you. Alternatively, if you specify that you don’t have one, the ATM will just generate a new paper wallet for you and you’re good to go. Later on, you can import the private key from that paper wallet and send the Bitcoin wherever you like. 

Not all Bitcoin ATMs allow you to send bitcoin anonymously though, as some require you to scan your ID before use. However, by visiting the Coinatmradar website, you can narrow your search to only include machines that let you send bitcoin anonymously.

One of the disadvantages of using a Bitcoin ATM is that the fees are high. You often have to pay 8%-20% more than the current market price! However, this is understandable, as the cost of building and operating these machines can be expensive.

All in all, Bitcoin ATMs are both convenient and extremely user-friendly. Buying Bitcoins via one of these ATMs is a very good way to send bitcoin anonymously, however, prices can be high and not everyone has an ATM nearby. 

HOW CAN I STORE BITCOIN ANONYMOUSLY?

If you’ve read my guide up to this point, you now know two ways to send bitcoin anonymously. If you are choosing the ATM method, then the ATM itself can provide you with an anonymous Bitcoin wallet address.

However, if you are using LocalBitcoins or Incognito, then the process doesn’t stop there. You now need to send your Bitcoin to an anonymous wallet.

When storing Bitcoin in a private wallet, you never have to provide any personal information. You can easily transfer funds in and out of your anonymous Bitcoin wallet, without having to supply any identification.

However, because Bitcoin operates on a decentralized network, you are in complete control of your funds. So, just remember this — if you ever lose the private key to your Bitcoin wallet, nobody is able to help you and you can lose access to all your funds.

Let’s look at some of the best anonymous Bitcoin wallets on the marketplace, each with their own advantages and disadvantages.

BEST PRIVATE CRYPTO WALLET TO USE IN 2020

1. Ledger Nano X– secure hardware wallet

The unique thing about this company is that it produces a range of hardware wallets that are designed especially for privacy-centric users. Ledger has two models, the Nano S and the one we’re focusing on, the Nano X.

ledger-nano-x-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
A hardware wallet that are designed especially for privacy-centric users

Ledger Nano X is a reliable, anonymous BTC wallet. On the security front, it is a non-custodial wallet where you control your own private keys and if you obscure your ISP using a VPN, you’re as safe as can be when trading.

Features:

  • Hidden Wallets: Hidden wallet data looks just like random bytes, so only the user knows they are there.
  • 24-word mnemonic backups enable recovery of all funds if your Ledger Nano X is ever lost or stolen.
  • This HD wallet allows you to hold over 100 wallets, each of which can generate millions of unique addresses.

In the future, you can expect more features utilizing anonymity to be available on Ledger Nano X. That’s the reason it’s on this list of best private crypto wallets.

2. Samourai Wallet – a good mobile wallet option

Samourai wallet is designed to keep your transactions private, mask your identity and keep your funds secure.

It achieves this by using the sophisticated AES-256 encryption system, which means that it does not communicate with any servers. There are also additional security features that allow you to store your funds safely, such as a PIN code and seed word backup.

Samourai-wallet-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
Samourai wallet is designed to keep your transactions private

Features:

  • The wallet will alert you if you have sent funds to an address before, in order to prevent unintentional reusing of addresses.
  • It also makes it difficult to link the inputs to the outputs of each transaction, meaning that clustering wallet addresses is more difficult. Samourai Wallet uses ‘stonewall’, which gives transactions higher entropy than standard bitcoin transactions, making them more complicated for potential hackers to analyze.
  • The wallet is Tor and VPN enabled, allowing you to route all of your transactions through anonymous IP addresses.

The list of options has obviously grown over the past few years, so it’s important to consider how you are going to use your cryptocurrency wallet before you pick one.

TIPS TO IMPROVE BITCOIN PRIVACY

Whenever possible, avoid reusing addresses. Generate a new address for each transaction you receive. 

While there’s little point updating a static address associated with your identity, such as a Bitcoin tip address linked to a social media profile, this is recommended practice in most other situations. 

improve-the-privacy-to-answer-the-question-how-to-stop-people-from-seeing-what-i-do-with-my-bitcoin
Improve Bitcoin Privacy

If you browse the internet from the same computer or device you use for Bitcoin, you’ll definitely want to upgrade your privacy and security features. At a minimum, consider installing ad and JavaScript blockers, as well as declining or regularly clearing cookies. 

Remember when selecting privacy, security or encryption software that mature and open-source solutions are usually preferable. A single compromised account could leak all the passwords to your email, so make sure you manage your passwords correctly and safely. It can be difficult to memorize a different password for tens or even hundreds of accounts, so the solution is to use a good, random-word password along with a password manager. Password managers generate strong, lengthy and random passwords that you don’t need to memorize. 

The program stores them in an encrypted format, so your passwords become accessible only when you enter your single master password into the manager (which again should be memorized and never written down). 

FINAL THOUGHTS ON HOW TO STOP PEOPLE FROM SEEING WHAT I DO WITH MY BITCOIN? 

To sum things up, it’s up to you to decide how much anonymity you actually need online. It’s obvious that the more anonymous you want to be, the more effort you’ll need to put into your activity online. Suffice to say, it’s worth protecting your assets and any of the methods listed above will go some way towards doing that. 

Cryptocurrencies such as Bitcoin are a great way to send and receive money without using a centralized third party. People should have the right to send, receive and store their wealth without having to reveal their identity. In the same way, we do when we spend physical cash in the real-world.

That’s all from our side. This guide brought you the main tools and techniques at your disposal to stop people from seeing what you’re doing with your Bitcoin. It’s now up to you to experiment and find the way that works best for you. Good luck out there and stay safe!

How do I send Bitcoin anonymously and privately?

Since bitcoin transactions are traceable, the question “How do I send Bitcoin anonymously?” is being asked more and more these days.

Understanding why Bitcoin isn’t anonymous

When Satoshi Nakamoto first created Bitcoin, he wanted a transparent and traceable public blockchain, so that everyone could see each other’s balance. Bitcoin was really aimed at bringing freedom to the financial world.

To do that, Bitcoin, by design, is transparent. All Bitcoin transactions are public, traceable, and permanently stored on the Bitcoin network. Bitcoin addresses are the only information used to define where Bitcoins are allocated and where they are sent. These addresses are created privately by each user’s wallet. 

Continue reading How do I send Bitcoin anonymously and privately?

How To Keep My Bitcoin Transaction Untraceable?

Using bitcoin for anonymous transactions isn’t easy. This article aims to answer the burning question: How to keep my bitcoin transaction untraceable?

It’s an established fact that a person’s identity could potentially be exposed by their Bitcoin transactions. The fact that Bitcoin is not really anonymous is becoming more of an issue, so what can we do to stay untraceable? 

how-to-keep-bitcoin-transaction-untraceable
It is the fact that Bitcoin is not really anonymous

Continue reading How To Keep My Bitcoin Transaction Untraceable?

Best Private Crypto Wallet: How to find it?

Wondering why a crypto wallet is better than an exchange wallet? Then this is the article for you – let’s discover what makes the best private crypto wallet!

Best-private-crypto-wallet
What makes the best private crypto wallet?

What is a crypto wallet with a private key?

What is a crypto wallet?

The purpose of a crypto wallet is essentially the same as the wallet you’re carrying right now, only it’s based online rather than in your pocket. It helps you store and manage your cryptocurrency assets like coins and tokens, as opposed to your physical cash. Continue reading Best Private Crypto Wallet: How to find it?

Trade anonymously. Win crypto.

pdex trading competition

Trading on the world’s first anonymous DEX just got a little more interesting. There’s $1400* in PRV up for grabs each month – and all you have to do is trade.

Every week, the top traders by # of transactions will receive:
 1st place – $200
 2nd place – $100
 3rd place – $50

The leaderboard will refresh every week – new week, new prizes, new winners.

*Winners will receive this USD-equivalent in PRV, based on #pDEX price at the time of transfer.

Continue reading Trade anonymously. Win crypto.