Pseudonymous currency goes with untraceable crypto wallet
In that case, having Bitcoin in your possession is simple, but using it for untraceable transaction can be very hard.
Especially when you are trying to avoid your transaction footprints being tracked.
When Satoshi Nakamoto introduced Bitcoin, his intentions was not just creating digital currency that is independent of financial institution protocols.
But one that enable individuals to do business transactions anonymously.
However, there are some privacy techniques that helps to make your digital currency transactions completely untraceable from the blockchain.
There are even some privacy attacks on blockchain like round numbers, wallet bugs, address reuse, taint analysis, etc.
These attacks help hackers, or chain analysis companies to reveal your identities and ownership.
In this article, am going to show you all the Bitcoin wallets you can use to remain anonymous during your transactions.
So let’s dig in already!
What is Bitcoin anonymous wallet?
Anonymous wallet is a type of untraceable crypto wallet designed to keep transactions private from the blockchain network ledger.
These wallets uses some kind of technologies that changes your address each time you send and receive any amount of Bitcoins through it.
The wallet can also be made completely untraceable, if you also make use of VPNs (virtual private networks) to hide your foot-prints.
Now, let’s get started with the list of best wallet for anonymous bitcoin transactions.
Ledger Nano X/S (Recommended)
Ledger Nano wallets are among the best hardware wallets in the crypto-coin market for serious investors.
In fact, one of the best crypto investment strategy is to buy a hardware wallet.
These wallets are HD (Hierarchical Deterministic) enabled wallets, and the newest have already made name for itself, since its release in June 2019.
This kind of cryptocurrency USB-like devices can easily be used with both IOS and Android devices, due to features that comes with them.
The Ledger Nano X even has Bluetooth, which gives it an edge over its predecessor, to seamlessly connect to mobile devices wirelessly.
Ledger hardware wallets can be used in an infected devices, as they posses a read-only feature in software programs.
They are also non-custodial in such a way you have total access to your private keys.
However, to use the wallet for anonymous transaction, you will need to hide your foot-print with one of the strong, and secure VPNs (Virtual Private Networks).
Guarda (Multi-Platform Software Wallet)
Guarda is a non-custodial multiplatform wallet that allows you to earn, buy, exchange and stake Ethereum, Bitcoin, and other crypto assets.
It provides support for over 50 major blockchains and more than 400,000 tokens of the leading protocols.
Specifically, Guarda supports any ERC-20 tokens, Binance Smart Chain, Binance Tokens (BEP2), NFT collectibles (ERC-721), TRON tokens (TRC10 and TRC20), WAVES, OMNI, Hedera & XinFin Tokens, EOS, and NEO etc.
Guarda crypto wallet has a feature for staking assets that can earn you up to 40% annual yield.
Aside that, you can stake to its own validator node with 100% uptime and earn 9% rewards with Harmony staking.
It allows you to get crypto loans in form of Stablecoins within 5-10 minutes, and you don’t have to own any specific token in your portfolio to gain access.
Furthermore, no credit checks, or account registration is required – Everything is kept private and anonymous.
The wallet has an easy-to-use token generator that allows users to create their own HBAR or ERC tokens.
You can set up your token supply and name, distribute it with the wallet, and list it on UNISWAP exchange.
The wallet has a chrome extension, which is supported by Brave browser to make Dapps very accessible.
The wallet is secure by ensuring that private keys and backups are generated on the user’s device and encrypted with the Advanced Encryption Standard (AES).
PINT (Mobile Only Software Wallet)
This is a self-hosted crypto wallet that only supports only six blockchain assets currently.
The supported crypto-coins are; Bitcoin (BTC), Bitcoin Cash (BCH), Dash Coin (DASH), Ethereum (ETH), Litecoin (LTC) and DogeCoin (DOGE).
It also allows access to copy and save your SEED keywords in a safe and secure place to control your private keys.
Apart from that, you don’t need to disclose your personal information or identity in order to use PINT wallet.
PINT is the only wallet in the market that has TOR in-built for security purpose.
This feature helps you to stay completely anonymous, while using the the cryptocurrency wallet online.
Samourai (Mobile Only Software Wallet)
Samourai wallet is one of the mobile crypto wallets with tor support being enabled in-built for high anonymity.
The term ‘Samourai’ sounds like it’s a type of wallet made for only sword battle ninjas, right?
Not at all… LOL!
Actually, samourai wallet is hand-forged for obsessed ones. And it’s one of the modern, best crypto anonymous mobile wallets.
This wallet is designed in such a way it can masked your identity, while keeping your Bitcoin transactions private and fully secured.
According to the team;
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.
They are very serious about keeping the privacy of every transaction with the cryptocurrency wallet hidden and confidential to any extent.
Below are the features of this Samourai Bitcoin crypto wallet:
- No Address Reuse: It is a HD (Hierarchical Deterministic) wallet which assures that you don’t make use of any address more than once, and also alerts you if you are about to send any transaction to previously used address.
- CoinJoin: Using Samourai’s STONEWALL technique, it is possible to generate high entropy transactions that resemble.
- Avoid linking previous change outputs: Samourai parses all past transactions before building a new transaction to make sure it isn’t leaking valuable metadata about you and your wallet.
- Tor & VPN Enabled: Samourai is enabled with Tor and VPN support allowing you the ability to route all transactions through an anonymous IP address.
Electrum (PC and Mobile Software Wallet)
Electrum is one of the oldest lightweight wallets for Bitcoin operating in this space since 2011.
Being a lightweight client means you needn’t download the whole blockchain while transacting through it.
Using Electrum wallet on tails operating the system is another smart way of being anonymous while using Bitcoin.
Tails is an operating system designed specifically to keep internet privacy.
Moreover, it is a self-hosted wallet where you control your private keys, and it’s available for Windows, Mac OSX, Linux, and Android.
Rahakott (Online Web Wallet)
Rahakott bitcoin crypto wallet is for those who want to maintain privacy, and remain anonymous, while transacting in several other currencies (including BTC).
Rahakott is a web multi-currency wallet that allows its users to make anonymous transactions.
However, you don’t need your phone number, or an email ID to create a wallet on Rahakott, so your personal data is safe.
Currently, the wallet is available in 4 languages (English, Chinese, Japanese, Russian) and supports 6 cryptocurrencies (BTC, BCH, LTC, ETH, DASH, ZEC) including segwit support.
More Privacy Centric USPs Of Rahakott Wallet Are:
- Mixer: Built-in mixer for cryptocurrencies make it impossible to track transactions
- HD Wallet: HD wallets ensure that there is no reuse of same addresses
- Tor: Wallet can be accessed on Tor network to enhance your IP privacy.
Is Bitcoin transaction anonymous?
Bitcoin transactions are not fully anonymous, because they can always be tracked once your wallet address is used to search the transactions you made on the blockchain ledger.
Can Bitcoin cryptocurrency be traced?
Bitcoin is a pseudo-anonymous currency, but never provides complete privacy, and can be traced if serious measures are not taken during transactions.
Are anonymous crypto wallets traceable?
No they’re not traceable, but it depends on the cryptocurrency and other security tools you used for each transaction.
Final words: Bitcoin untraceable crypto wallet
To maintain high level of anonymity in all your transactions, you should use any of the wallets mentioned above.
Moreover, being private without an anonymous wallet isn’t possible with Bitcoin, as it’s a permission-less protocol.
Though, you can secure your privacy and become an anonymous user, if you will take care of certain things.
Nowadays, you need not install a VPN set-ups to do anonymous Bitcoin transactions.
Instead, you can use any of the crypto wallets mentioned above to completely secure your Bitcoin transactions.
If you’re still confused about which one to choose, I will vote for Ledger Nano wallets, because they are secured.