How to Hide Money with Cryptocurrency

If you wish to hide funds from your spouse, family and government, then read this guide to learn how you can hide money with cryptocurrencies.

By The 'Staunch

Money can be hidden from family members and authorities using cryptocurrency.

Some people use different methods to hide their fiat assets from their spouse, during dating or in marriage.

But using cryptocurrency is more secure and safe.

You can hide money in crypto, and it’s quite simple, but you’ll need to keep your assets from loss with a secure cryptocurrency wallet.

In this guide, I will show you how to hide money in cryptocurrency (i.e. Bitcoin and Altcoins) from certain kinds of people easily and safely.

Keep reading…!

How to hide money with cryptocurrency

Hiding money with cryptocurrency is quite simple, but not for beginners, as you stand a chance of losing everything at an instance.

However, keeping your funds hidden with crypto assets can be better than keeping it in a private bank account.

Below is the process to perfectly keep your money hidden with cryptocurrency…

  1. Register account on an exchange (e.g. Binance)
  2. Fund the exchange with your money
  3. Purchase Bitcoin or Ethereum
  4. Exchange it for any privacy coin
  5. Transfer the coin to a wallet (e.g. Ledger).

Congratulations… you have successfully hidden your money for the first time with a cryptocurrency!

Best places to hide money with crypto

These methods I am going to list out are the ways I personally use to keep my money away from the eyes of some people.

1. Cryptocurrency wallets (Best)

Crypto wallets are the most private place to hide your money, when you’ve already bought a coin of choice.

However, it’s not all of them that is secured enough to hold your investment for the long-term strategy, as there are different kinds of wallets in the market.

If you intend to hide away your invested funds for a long period of time, I would recommend a hardware wallet (like; Ledger Nano X/S).

These type of wallets are well known to be among the most private, anonymous and secure due to their HD (Heuristic Deterministic) feature.

2. Cryptocurrency exchanges

Though, it’s not good to keep your investment on an exchange, but it’s yet another place, where you can store your coins for short-term purposes.

Reason being that many hackers do target popular exchanges, and if they succeed, your investment may be lost for life.

Meanwhile, if you only want to hide your cryptocurrency funds for a short period, then you can use any of the best cryptocurrency exchanges available.

Final conclusion

At this point, you’re supposed to have understood the process involved in hiding money away with the use of cryptocurrency.

Hiding cryptocurrency from people, family, partner or spouse is not a crime, but you have to do it with the mind of no guilt.

If you must hide your crypto investment for a long time, I’ll suggest you write a will, incase of unforeseen circumstances that may arise in future.

You should always use a hardware wallet to store crypto assets for the long-term purposes, because they’re most secured from internet hacks and thefts.

About the 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.

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Binance Exchange

Reliable crypto exchange by a developer known as Changpeng Zhao, who's now retired as CEO.

Ledger Nano X

Ledger released Nano X hardware wallet in 2019 to help crypto enthusiasts secure their digital asset.

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About The 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.