Anonymous bitcoin wallets

Electrum On Tails OS.

A software bitcoin wallet for storing cryptocurrencies, launched in November 2011. Its source code is publicly available on GitHub. Electrum Wallet is designed for BTC and runs on Windows, Linux, macOS and Android operating systems. It is a lightweight client – you don’t need to download the entire blockchain to use it.

Tails OS is an operating system that keeps you anonymous online. It is installed on a thumb drive and then opened on a computer. The Electrum Bitcoin wallet along with Tails OS allows the user to hide their real IP address. It becomes more difficult to trace a person on the transactions being conducted and establish their identity.

Samourai

This mobile cryptocurrency wallet was released in 2015. The main goal of the product is the secure storage of digital assets and anonymity of users. At the beginning of 2022, the application is available only on Android. However, the developers have already announced on the official website the launch of Bitcoin wallet Samourai for iOS. The app has the following features:

• Scrambled PIN. To access the vault, you need to specify a pin code. The technology protects the user from screen recording by intruders and malware. This is how the security of the access code is ensured.
• Full Offline Mode. The function allows you to work with a bitcoin wallet at low Internet speed or its complete absence. The client can make a transaction using SMS-messages.
• Stealth Mode. The function hides the application on the screen of the mobile device. To open Samourai Wallet, you will have to enter a secret code.
• Whirlpool. The technology stirs the coins of several users among themselves and then gives them away in small portions. The procedure makes it harder to track the bitcoin wallet client’s transactions. This ensures a high level of anonymity.

Samourai wallet does not require registration and identity verification. All stored data is protected using AES-256 (encryption key generation method). For each transaction, the application creates a new address, which is visible only to the sender and the recipient. The team of program developers does everything to keep the user anonymous and confidential.

Samourai Wallet is in the Alpha testing stage. The development of the application continues in early 2022.

Ledger Nano Series

A series of hardware wallets that allows you to store over 5500 different coins and tokens. There are 2 Ledger models available in early 2022: Nano S and Nano X. They provide a high level of security for digital assets. Private keys are protected by a special chip.

The new Ledger Nano device will have to be set up once before use.

First, you need to set up a pin code (from 4 to 8 digits) that provides access to a Bitcoin wallet. Then you need to create a mnemonic phrase of 24 words. It allows you to restore access to digital currency in case you lose your device. The phrase is recorded on a card that comes with Ledger Nano. It is recommended to store it in a place hidden from others.

Ledger Nano X is the “older” model. It was released in 2019, has more features, but costs significantly more. The main features of the Nano X model:

• Supports 100 applications at once, compared to three in the “younger” model.
• Has Bluetooth for connection to mobile devices.
• Screen 128 x 64 pixels (128 x 32 in Nano S).
• Works autonomously due to the built-in battery.

Ledger Nano Series devices are used as anonymous crypto wallets. In this case it is more difficult to trace the real IP address of a person.

How to choose a Bitcoin wallet

Finding a program or device for storing cryptocurrency is an important procedure. For each person, the criteria for choosing a wallet will be different. However, there are nuances that everyone should pay attention to.

Anonymity

The main thing that Bitcoin wallets should provide is the security of digital assets and the safety of the user’s personal information. Anonymous vaults for cryptocurrencies do not require the provision of personal data. Some of them offer TOR to hide the real IP address of the client.

Part of bitcoin wallets have tools that make it difficult to track transactions. The following methods are used more often:

• Mixing digital assets with other users’ coins.
• Changing the priority of transactions.
• Creating new addresses for each transaction.
• Dividing one transaction into many small ones.

Thanks to these actions, it becomes harder to track transfers and establish the identity of the wallet user.

Commissions

Anonymous bitcoin wallets almost always charge for deposit and withdrawal transactions. Cryptocurrency exchanges and program vaults offer different ways to deposit and withdraw funds:

• Transferring digital assets. More often than not, you do not have to pay a commission for funding your account this way. When withdrawing funds from the exchange, the platform takes a fee. And a similar procedure from other bitcoin wallets is free, but the blockchain will take the commission.
• Buying and selling cryptocurrency for fiat funds. Such transactions are made with a commission.

Features

Available features are the third criterion for choosing a Bitcoin wallet. They have different options:

• Deposit to the account in fiat money.
• Exchange of one cryptocurrency for another.
• Tools that speed up a hung transaction.
• Features to increase the security of assets.
• Cryptocurrencystaking.

These are not all the features that vaults offer for digital assets.

Tips for creating an anonymous cryptocurrency wallet for BTC

The blockchain network stores records of the amount of digital currency at each address. Special programs – wallets – help manage this data. These applications work in the browser, on cell phones and computers. The procedure for creating an anonymous wallet for BTC has differences depending on its type.

To start a cryptocurrency vault through a program on the computer, you need:

1. Go to the official website and download the application.
2. Following the instructions, install the program.
3. If necessary, customize it.

Part of the wallets work as Internet services. In them, to create a Bitcoin wallet you need to:

1. Go to the official website.
2. Go through registration.
3. Confirm your e-mail.
4. Log in to the account.

Another part of the vaults for cryptocurrency works in the browser as an extension. To create a bitcoin wallet for anonymous payments of this kind, it must be installed from the official website. Then you need to register an account – and the service is ready to work.

How to increase anonymity

A person’s personal information can be used by attackers. To preserve anonymity when working with cryptocurrencies, you need to use different tools. The most popular of them are presented in the table.

Summary

One of the main ideas behind the creation of cryptocurrencies is the anonymity of users. However, they are often forced to provide personal information to make transactions. Work is being done to preserve anonymity. This is confirmed by the development of decentralized exchanges, the creation of special wallets and new technologies.

None of the existing methods of storing cryptocurrency provides guarantees of anonymity. Technologies complicate the search for personal data, but the possibility of finding them is not excluded.

Frequently Asked Questions