Having Bitcoin in your possession is simple, but using it for untraceable transaction is very hard.
Especially when you are using it anonymously to avoid your transaction footprints being tracked.
When Satoshi Nakamoto introduced bitcoin cryptocurrency, he had intentions of not just creating digital currency that is independent of financial institution protocols, but one that enable individuals to do business transactions anonymously.
All the ledger in the blockchain network having every transaction recorded on it, the intention of remaining anonymous with BTC became somehow obsolete, without using other tools to hide your identity online.
However, there are some privacy techniques that helps to make your Bitcoin completely untraceable from the blockchain.
There are even some privacy attacks on blockchain like round numbers, wallet bugs, address reuse, taint analysis, etc that helps hackers or chain analysis companies to reveal your identities and bitcoin ownership.
Like I said already, using Bitcoin anonymously is hard, but if you want to become a grand-master that knows how to make anonymous transactions with BTC, you must know the best anonymous bitcoin cryptocurrency wallet to use for your transactions.
So let’s dig in already!
What is anonymous BTC wallet?
Anonymous bitcoin wallet is the type of cryptocurrency wallet that is designed to help keep your bitcoin transactions private and very hidden from the blockchain network and ledger.
These wallets uses some kind of technologies that changes your address each time you send or 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 on the entire network.
Now, let’s get started with the list of best wallet for anonymous bitcoin transactions.
Ledger Nano X/S (Recommended)
Ledger Nano X is a successor to Ledger Nano S hardware wallet.
These two wallets are HD (Hierarchical Deterministic) enabled wallets, and the new Nano X 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.
Read Ledger Nano X review to see of the features that comes with this new crypto hardware wallet.
The Ledger Nano X even has Bluetooth feature, which gives it an edge over its predecessor, to seamlessly connect to mobile devices through wireless connections.
Ledger hardware cryptocurrency 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).
BitLox (Highly Secure Hardware Wallet)
BitLox wallet is manufactured by a Hong-Kong based start-up that presents their customers with high secure, military grade USB Vault hardware wallets with TAIL OS (pre-installed) for anonymous crypto transactions.
They currently make three types of the wallets:
- BitLox Advanced
- BitLox Ultimate
- BitLox Extreme
BitLox is a Made-for-Bitcoin wallet that provides the absolute best-in-class privacy solution, so using this you can send and receive funds in absolute privacy using TAILS plus, the BitLox and their TOR-compatible web tool.
If you would like to learn about this high security hardware wallets, just go and checkout my detailed review on BitLox BTC hardware anonymous wallet.
PINT (Mobile Only Software Wallet)
This is a self-hosted crypto wallet that only supports only six blockchain assets currently, such as 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)
The term ‘Samourai’ sounds like it’s a type of crypto wallet made for only sword battle ninjas, right? Not at all… LOL!
Actually, samourai cryptocurrency wallet is hand-forged for obsessed ones in the world. And it’s one of the modern, best crypto anonymous wallets in the market currently.
This wallet is designed in such a way it can masked your identity, while keeping your 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 bitcoin 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.
Wondering what Tails is?
Well, Tails is an operating system designed specifically to keep internet privacy.
Moreover, it is a self-hosted wallet where you control your private keys always. At present, it is available for Windows, Mac OSX, Linux, and Android.
Rahakott (Online Web Wallet)
Rahakott bitcoin crypto wallet is for those who want to protect their 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. And in its short period of existence, it has processed 20 million dollars in BTC.
However, you don’t need your phone number, or an email ID to create a wallet on Rahakott, and that is to say; there is no question of losing your personal data.
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.
Let us look into the frequently asked question by many people online…
Is Bitcoin transaction anonymous?
No. Bitcoin transaction is not fully anonymous, because they can always be tracked once your bitcoin wallet address is used to search the transactions you made on the blockchain ledger platform.
Can Bitcoin cryptocurrency be traced?
YES OF COURSE! Bitcoin is a pseudo-anonymous cryptocurrency, but it never provides complete privacy, and it can always be tracked if serious measures are not taken during transactions.
To maintain high level of anonymity in all your bitcoin transactions, you should use any of the wallets mentioned above in this post, or you can as well, find a way of increasing your own privacy while using BTC for transactions.
Moreover, being private without anonymous wallet isn’t possible with Bitcoin, as it is a permission-less protocol. But, you can secure your privacy and become its anonymous user if you take care of certain things.
Nowadays, unlike earlier, you need not install a lot of Tor or VPN set-ups to do anonymous Bitcoin transactions. Instead, you can use any of the above wallets to do private and completely secure anonymous transactions.
It is quite regrettable that anonymous Bitcoin wallet is not yet available for Apple iPhone mobile device, but as we all expect, they will Samourai wallet will soon released their own version for IOS handhelds.