More than ever before, online privacy and anonymity is a big deal. Everyone needs to take an extra step forward to ensure that their personal information and digital assets are safe online. This is even more important for people in the crypto space. Having your privacy compromised can mean a lot to your investments – it can make you lose them all.
That is why you should only go for secure wallets to ensure the safety of your assets at any time. So, in this post, we will be highlighting the top 5 anonymous bitcoin wallets in the market. These are wallets you can always trust to give you the best anonymity online.
What Are Anonymous Bitcoin Wallets?
First, let’s see a quick definition of anonymous bitcoin wallets. These are wallets that help you safely store and manage your digital assets. These wallets are usually in physical or hardware form, making it easy to store your assets offline. But you can always connect these wallets to your computer or mobile devices to manage your crypto-asset data.
What Are the Best Anonymous Bitcoin Wallets Out There?
#1: Electrum
This is definitely one of the oldest wallets you can find on the market. The wallet generates a new address for every new transaction to make sure every transaction is secured. The wallet continues to automatically generate new addresses up till the 20th transaction. Then, you can continue to generate new addresses for your transactions manually.
The wallet provides a high level of privacy, as it routes all traffic through Tor. It is available both for desktop and mobile devices, and it also easily supports third-party plugins and hardware wallet pairing.
Pros
- Comes with a two-factor verification feature
- Seed creation to make it easy to restore wallet if the device is stolen or lost
- Supports third-party plugins and hardware wallet
Cons
- It may not be very easy for newbies to operate.
#2: Ledger Nano Series
This is a popular wallet in the market. The wallet makes it easy for Bitcoin users to easily store their bitcoin and other cryptocurrencies without fear of their privacy being compromised.
Upon set-up, the wallet automatically generates a 12-word seed phrase that will help secure the wallet. Every time users want to access their wallets and sign transactions; they will need to input the 12-word seed phrase.
Thanks to its Bluetooth functionality, the wallet is compatible with both desktop and mobile devices. However, the Ledger Nano Series wallets are not free. But you can be sure they are absolutely worth the money.
Pros
- Offers two-step verification
- Supports Windows, Linux, and Mac devices
- Easily accessible via USB compatible devices
- Manages up to 1,800 coins and tokens
- Allows you to control all your crypto in one place
#3: Samourai Wallet
This anonymous wallet is also a popular one in the market. Checking through users reviews online, the wallet has amazing reviews for its robust privacy features that sets it out from other wallets in the market. Looking at how the wallet was built, one would easily know that it is built for privacy. It has no address reuse feature that generates a new address for every new transaction.
It has no linkage between the previous change output feature that makes sure the wallet avoid linking discrete and valuable info about your wallet. It supports Tor and VPN, making it easy for users to route all transactions through an anonymous IP address.
Pros
- It is free
- User-friendly features and interface
- Generates new address for each transaction
- Supports Tor and VPN
- Military-grade AES-256 encryption
Cons
- Only available for Android users
- It doesn’t allow a direct withdrawal to physical tender
#4: Rahakott Wallet
Unlike other wallets on this list, Rahakott wallet is only available on the web. It also doesn’t require any user data. It is super easy to set up – even for newbies. Rahakott also has a built-in mixer and supports Tor network, giving you utmost privacy on your transactions. More than just Bitcoin, the wallet also supports other cryptocurrencies like Bitcoin Cash, Dash, Ethereum, Litecoin, and ZCash.
Pros
- Offers two-step verification feature
- Creates a new address for every transaction
- Provides sub-account alternatives
- Easy to set up
- Supports a wide range of cryptocurrencies
Cons
- It is not as secure as hardware wallets
- Users would pay transaction fees when transferring to an external address
#5: Edge
This is also an iOS-only wallet. It is a secured anonymous wallet that offers excellent privacy online. It comes with client-side encryption, giving you more secured transactions on the wallet. Users can easily backup their wallets using their password and username. That way, it is easy for users to use their wallets across multiple devices.
If you are looking for an excellent anonymous bitcoin wallet, Edge should occupy a good position on your list.
Pros
- Easy to set up and access
- Offers two-step verification features
- Comes with client-side encryption
Cons
- Available for only iOS users
Final Note
Cryptocurrency is daily moving closer to achieving its vision of becoming the currency of the future. And because of that, more people are trooping into the crypto space daily. However, as there are more investors in the community, so also are more scammers looking to steal users’ assets.
To secure your digital assets from getting into the wrong hands, you need to prioritize privacy. Staying anonymous online is very important, and that is the reason every crypto investor should get anonymous wallets. In this post, we have listed the top anonymous bitcoin wallets you can find and also highlighted some of their unique features.
Make good use of the wallets mentioned here to ensure you remain anonymous while conducting transactions with your wallet.
Before you go, you might want to check out this post about Ethereum Faucets. It talks about some amazing platforms that allow you to earn free ETH without any problem. If you are looking to own some Ethereum but don’t have money to buy or resources to mine, this might be a good option to explore.
