The best anonymous bitcoin wallets are those that don’t require you to create an account, and if they do, it’s not mandatory.
The samourai wallet is a popular anonymous bitcoin wallet that uses the TOR network. It has no registration requirements and it’s one of the most secure wallets on the market.
The complete transparency of blockchains has a drawback. Anyone, for example, may see Bitcoin’s decentralized ledger and keep track of the amounts paid and received from various addresses.
While a public address alone will not allow an aspiring hacker to trace the person behind the transaction, an aspiring hacker may monitor the data packets transmitted from an IP address and so track you.
Even more concerning, factors like address re-use (an all-too-common blunder) may aid a hacker in accessing your accounts, leading you to lose your hard-earned cash.
So, what are your options? Is it time to abandon Bitcoin? Obviously not. While transacting your digital gold, there are several methods for keeping your transactions (and you) anonymous. Anonymity solutions exist in various forms and sizes, from cheap smartphone applications to costly hardware wallets.
Let’s look for the finest anonymous Bitcoin wallets.
The Samourai wallet, not to be confused with the namesake sword-wielding warriors, is one of the most secret and anonymous bitcoin wallets available.
Despite being fresh to the game, it has features that are unsurpassed by its competitors. It protects your BTC transactions by masking your identity and keeping your money safe. The developers of the anonymous Bitcoin storage solution are privacy advocates who are dedicated to preserving Bitcoin’s original essence.
Even though the software is still in its early stage, it already has a long list of features:
- Simple to use: The Samourai wallet was created with ease of use in mind, making it simple for both beginners and professionals. As a consequence, the interface is clean and uncomplicated, with all of the important features prominently shown.
- No Address Reuse: To conceal your purchasing patterns and prevent hackers from putting things together, the wallet creates a unique address. Samourai additionally protects you against accidental address re-use by alerting you if you transfer Bitcoin to the same address several times.
- True anonymity: All communication is routed via Tor and VPNs (Virtual Private Networks), and blockchain data is hidden. Furthermore, Samourai’s stealth mode conceals the wallet from your home screen, launcher, app list, and recent applications, allowing only a hidden PIN code to access it.
- Transactions on CoinJoin are broadcast to the public. Hackers often exploit this information to monitor particular transactions and try to trace them back to their source. Samourai’s STONEWALL method allows it to generate transactions that seem same, confounding any prospective hacker.
- Linking prior change outputs isn’t a good idea: Cryptography is a very precise discipline. Someone with enough understanding of the field may pick up tidbits from another’s transaction history and try to figure out what their wallet’s key is. Samourai avoids this by analyzing all previous transactions before creating a new one to ensure it isn’t exposing sensitive information about you and your wallet.
What is the Samourai Wallet and how can I use it?
To begin, download and install the app from the Google Play store. The software will ask for a flurry of permissions the first time you use it. Accepting all of them will result in a screen like this.
You have the option of turning on Tor right now.
Tor hides your IP address and location by routing your network traffic via a complicated network of relays, avoiding any malware monitoring your activity. The only disadvantage is that internet connections are somewhat slowed, but this is a minor price to pay for security.
To connect to Tor, check the box.
If you’ve previously used the Samourai wallet, your smartphone will contain an encrypted backup of your previous wallet, which the software will automatically identify. To get your old wallet back, just press the ‘RESTORE’ option at the bottom. Keep the prior wallet’s password ready, since the encryption cannot be opened without it.
Alternatively, you may transfer a wallet established elsewhere to Samourai. To do so, go to the upper right corner and touch the three-dot menu. Select the ‘Import external wallet’ option from the drop-down menu that displays. You can easily import it to Samourai using the wallet seed.
For the time being, we’ll choose the ‘START NEW WALLET’ option.
In case you’re wondering, the pass- is just an extended password. You don’t have to use just one word; instead, you may use a combination of words, numerals, and special characters.
Instead of using something predictable like your birthday, you may try to mix up the sentence a little. To increase its security, make it lengthy enough, with at least a dozen words.
You’ll also need a PIN code now. And, no matter how tempting it may sound, you are not permitted to use your birthday for this one.
The procedure has now been completed in its entirety. The next step is to create a PayNym ID for your wallet, which is completely optional. It essentially acts as a ‘face’ for your account, enabling other users to make payments to you without having to establish and publish a public address each time.
This PayNym ID may be added to the address book, making each wallet’s address unique.
Since there are no apparent drawbacks to obtaining a PayNym ID, you should take advantage of the opportunity.
It will ask for your approval one final time before generating an alphanumeric string for your address.
And there you have it! Your Samourai Wallet is now complete!
How to Use the Samourai Wallet to Send Bitcoin
The Samourai wallet’s transactions are much too easy. Isn’t there a ‘+’ button in the lower right corner of the home screen? To access the transaction choices, tap that.
To donate money, use the red button to bring up the send form. The usual destination address, the BTC value, and the transaction fees are all included. However, there is one last choice that is unique to Samourai.
The Ricochet option does exactly what you’d expect it to do: it sends your transaction bouncing between several receivers, hiding the true source of the transaction from any malevolent observers. If you don’t mind the additional fees and have a critical transaction to complete, this is a good option.
The triple dot menu displays several helpful choices when you bring it up.
You may, for example, see the current miner fees, which might help you decide when to make your payments.
To save on miner costs, you may ‘Batch spend’ by combining a series of transactions into an one block.
Samourai Wallet Receives Bitcoin
Return to the home screen by pressing the home button once more. After pressing the ‘+’ button, choose the green ‘Receive’ tile.
There are fewer choices this time; all you have to do to get tokens is provide the sender your public address. This location is given in two formats: an alphanumeric string of gibberish (which you should only copy and paste, not write out yourself) and a QR code that can be easily scanned with another mobile device.
But, once again, it isn’t all. A variety of advanced features is available, which are not required but useful if you know what you’re doing. Select ‘Advanced’ from the drop-down menu.
You may request a specific amount (helpful in the event of a company paying invoices through Bitcoin, for example) and choose the address type in this form. The default, Segwit, is a more secure type of address that is widely used today, but there are still a handful that use earlier protocols, which you may use if necessary.
When you choose PayNyms from the ‘+’ button, your PayNym ID appears, along with your wallet’s unique address and a created picture.
This time, the choices aren’t really helpful.
When you tap your PayNym ID, your address appears in a QR scannable format, which you can simply share with others.
Different choices appear when you tap the ‘+’ button than when you tap the ‘+’ button on the payment screen.
The buttons that appear are essentially for ‘signing’ messages and adding more PayNyms contacts to your address book.
Signing is the process of encrypting a text message with your private key in order to verify that it was sent by you.
If you just plan to utilize BTC, Samourai is an excellent choice. If you plan on using other cryptos, though, Rahakott is the way to go.
The web-based application is a multi-cryptocurrency wallet that accepts a variety of tokens and cryptocurrencies. BTC, BCH, LTC, ZEC, and DASH are presently supported. It also includes a number of anonymity and privacy features that assist keep you and your money secure.
The fact that new wallet users are not required to submit identification papers is maybe the most appealing feature. You don’t need to give your email address, phone number, or even a username to use Rahakott.
The following are some of its characteristics:
- Algorithmic Wallet — The most common mistake made by novice Bitcoin users is reusing addresses for numerous transactions. Rahakott prevents this by creating a fresh address for each transaction. This increases the anonymity of your transaction.
- Anonymous Registration — As previously stated, no evidence of identification is needed to establish a wallet. To use this wallet, no emails, phone numbers, or usernames are required. The only thing you’ll need to access your money is a mnemonic phrase, which is a unique phrase made up of 24 words that the website generates for you.
- Two-Factor Authentication — You may activate two-factor authentication to improve security. This makes it necessary to authenticate transactions using your smartphone (like with bank transactions), making it more difficult for a hacker to take your money.
- Fully Encrypted Servers — The wallet’s servers are entirely encrypted, preventing even its creators from seeing the user’s wallet data. Only the mnemonic phrase may be used to access the data.
- Built-in Cryptocurrency Mixer — Blockchains are transparent by their very nature. Anyone may easily view your transaction records as a result of this. To counteract this, Rahakott has an integrated cryptocurrency tumbler (or mixer) that combines the data of your transaction with those of others into a single block. This feature gives public and transparent blockchains like Bitcoin greater privacy.
- Multi-Wallet Features — In addition to the primary BTC wallet that is generated by default upon registration, Rahakott may build additional wallets. Users may switch between wallets, rename them, and even delete them.
Using the Rahakott Wallet for the First Time
You don’t need to download anything since Rahakott is an online wallet. Simply go to the website and choose ‘Create Wallet’ from the top right corner.
The only thing Rahakott requires is that you speak his language. You will also be asked to input a basic captcha to prevent bots from crashing the system with bogus requests. To proceed, click the ‘Create new wallet’ button.
The software will create a fresh seed for your wallet right immediately. Make a mental note of the twenty-four-word mnemonic phrase and save it somewhere safe; it is the sole key to your money. Click the ‘I have saved everything’ button after you’ve done that.
After that, you may decide which coins need their own wallets. The Bitcoin (BTC) option is chosen by default, so people who don’t want anything else may skip this stage. Otherwise, you have the option of using Litecoin (LTC), Dash (DASH), Bitcoin Cash (BCH), Z Cash (ZEC), or Ethereum (ETH). When you’ve made your choices, click the ‘Create Wallets’ button.
That’s all there is to it! You may now utilize your anonymous Bitcoin wallet. We’ll look at some of the wallet’s fundamental operations in the following section.
In Rahakott, you may receive Bitcoin.
Unlike other wallets, Rahakott prefers to keep things simple. As a result, the app does not include a separate receive form. Instead, your public address is shown right on the home screen for you to share.
You won’t have to worry about this address being reused since it will be created from scratch each time. You may also manually create a new one by clicking the tiny refresh button beneath the URL.
The address includes a QR code and a shareable web URL in addition to the lengthy string of gibberish. While the QR code appears immediately beside the location, you must choose the ‘Payment Request URL’ option to see the URL.
The payment request URL is for accepting money from people who have not yet registered. Each individual who submits the URL will get a unique address created only for them.
Using the Rahakott Wallet to Send Bitcoin
There are two ways to get to the submit form. On the home screen, you may send a paper aircraft by clicking on the ‘Send’ button (or deposit screen, as it is denoted). Alternatively, move your mouse to the upper right corner’s Wallet menu and choose ‘Send’ from the drop-down menu.
The ‘Money Transfer’ window appears. It shows a simple form with just three fields: Recipient, Calculator, and Amount.
The term’recipient’ should be self-explanatory. Simply type in the address of the account to which you want to transfer money. Similarly, the ‘Amount’ box is where you input the amount of BTC you want to send. By using the ‘Calculate’ button, you may determine the fiat currency worth of your entered amount.
It works in both directions; putting in either the fiat or BTC amount will calculate the equivalent in the other field. You may also choose between the US dollar (USD), euro (EUR), Chinese yuan (CNY), Japanese yen (JPY), and Russian ruble for your value (RUB).
To further personalize your transaction, change the settings to ‘Subtract costs from amount’ and ‘Don’t utilize internal transfer.’ If you choose the first option, you will avoid having to contribute additional money for transaction costs, but the receiver will be credited with the amount that is less than the fee size.
It is preferable to leave the second option unchecked. Internal transactions between Rahakott account holders are charged at a lower rate than external transfers, and they are completed quicker and without the use of the blockchain. When you toggle it, it triggers an external transfer that is susceptible to network fees.
Taking Care of Multiple Wallets
Click the ‘Main Wallet’ option at the top if you have several wallets or wish to create one.
You’ll be sent to the Wallets screen as a result of this. This page will show you all of the wallets you’ve established with this account, along with their balances. Simply click on any of them to switch to it.
Select a wallet type from the drop-down menu and click the ‘Add’ button to create a new wallet. The wallet will be generated immediately. You may also create Monero or Ethereum wallets right here.
Android and Web wallets are great, but what if you want to keep Bitcoin for a long time? How can you keep your cold storage money safe from being traced and drained when you’re not utilizing them?
Using a hardware wallet is, of course, the solution. While wallets like the Ledger and Trezor are well-known and respected, they lack one important feature: anonymity.
While it may not be a major concern for some, it is preferable to be cautious than sorry when committing a significant portion of your wealth to a hardware wallet. With this in mind, the Bitlox hardware wallet comes highly recommended.
BitLox is a hardware wallet that was created with the goal of providing the highest level of protection for Bitcoin holdings.
The wallet’s makers have gone to great lengths to ensure its physical integrity, with a casing made of titanium and aerospace metals. In addition, the BitLox wallet may create approximately a hundred different wallets, half of which can be concealed and opened only by the unique PIN for that wallet, in addition to the device’s PIN.
Depending on your security requirements, the Bitlox is available in three distinct versions.
- BitLox Advanced: Bitlox’s base model is built of aerospace metals and may be used to build a hundred variant wallets. Each wallet is a deterministic, completely hierarchical wallet (also known as an HD wallet). This implies they may have an infinite amount of addresses, making it ideal for hiding Bitcoin in a variety of small-ish wallets and addresses. The BitLox Advanced will set you back $98.
- BitLox Ultimate: The only difference between the Ultimate and the Advanced is the casing, which is constructed of titanium rather than aerospace alloys. It has the same safety and security features as the BitLox Advanced, apart from being practically indestructible. The price of this variant is $148.
- Extreme Privacy by BitLox: Our is the crème of the crop, and the reason we included it in this guide. The BitLox Extreme Privacy includes a military-grade USB vault preloaded with the privacy-focused TAILS OS. TAILS is a stripped-down version of Linux that routes all network traffic via TOR, making it difficult to trace your data in transit. As an additional benefit, it encrypts all communications and data, ensuring full anonymity while receiving Bitcoin. BitLox’s Extreme Privacy edition costs $198.
Each of the three BitLox models comes with a 5-year guarantee and may be personalized with up to three lines of laser engraved text or artwork. This customisation feature is not available from any of its main rivals, making it the only hardware wallet that does.
Ultimately, BitLox’s superior security features are the sole reason to use it over competing hardware wallets. It is a fully hierarchical deterministic wallet that can utilize up to a 24-word mnemonic code and conforms with both BIP32 and BIP39 protocols (Only at maximum security; the standard is a twelve-word mnemonic).
A PIN is needed to open the device, and then a second PIN is required to unlock each individual wallet. This gives it an advantage over other hardware wallets. If you’re so motivated, you may even configure PINs down to the transaction level. When you combine it with anti-tampering techniques like the AEM, or ‘Anti Evil Maid,’ you have a wallet that is very tough to break.
It is essential to conceal your electronic moves, particularly when it comes to financial transactions, in this era of 24/7 digital monitoring. Because of its inherent openness and online-only nature, this is particularly essential in crypto.
As a result, on whatever network you use, anonymous Bitcoin wallets are a necessity.
The Samourai wallet is the ideal choice for mobile users. Despite its youth, it is jam-packed with features and security, guaranteeing that your money stays secure in your hands.
The Rahakott Web Wallet is unbeatable for people who prefer the desktop. The Rahakott wallet achieves the ideal mix between the convenience of a web-based application and the security of an anonymous system. Even better, it can be accessed from anywhere on the planet using just the mnemonic phrase and no personal information.
Finally, a Bitlox hardware wallet is the best option for long-term safe storage of your Bitcoins. The Bitlox wallet is the only hardware wallet that comes pre-loaded with Tails OS, a privacy-focused operating system. It has a plethora of features and security that puts a military-grade USB to shame. However, since it is not inexpensive, it is best used for keeping huge quantities of tokens in cold storage.
Finally, whichever crypto storage option you pick, remember to keep your money private!
Visit TotalCrypto.io for more information.
1) Are you a fan of privacy? Learn how the Enigma Coin team is developing the next layer of privacy for the decentralized internet.
2) Are you unsure about the many privacy coin options? Our guide to the best anonymous crypto coins examines your options.
3) Do you want to buy cryptocurrency anonymously? Take a look at our LocalBitcoins guide to learn how to buy cryptocurrency privately.
DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.
The best anonymous bitcoin wallet reddit is a guide that will help you find the best anonymous bitcoin wallets. It will also provide information on how to use them.
Frequently Asked Questions
What is the best anonymous Bitcoin wallet?
The best anonymous Bitcoin wallet is a hardware wallet, such as the Ledger Nano S.
Is it possible to have an anonymous Bitcoin wallet?
Yes, you can use a Bitcoin mixer to create an anonymous wallet.
What BTC wallet is Anonymous?
The BTC wallet that is anonymous is the one that does not have a name or an address.
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