There’s an urgent need for the top 7 crypto anonymous wallets for anonymity and privacy. With the recent spite of scams and theft, it’s just wise for users to secure their personal information and digital assets.
Do you want we discuss this further, then you’re at the right place!
Most crypto users desire an anonymous wallet to protect their assets from compromise. Users are encouraged to be cautious and use a wallet that protects their crypto assets. The anonymous wallet comes in handy for this purpose.
There are numerous anonymous wallets in the crypto space but we’ll be considering some top options that pique our interest.
Concept Behind Anonymous Crypto Wallet
The anonymous crypto wallet makes the adoption of decentralized currency and the privacy of users seamless, these are the brains behind cryptocurrency. Users can customize their wallets to suit their specific trading choices. The possibility of using an anonymous wallet with a public blockchain makes it flexible and easy to use.
Top 7 Anonymous Crypto Wallets For Anonymity and Privacy
we’re going to be considering the top 7 anonymous crypto wallets for anonymity and privacy. This is to let users know which one is suitable for their needs.
1. Zengo
Coins supported: ETH, BTC, DOGE, USDC, etc.
Type of Wallet: Software Wallet
Price: Free
Zengo is a top non-custodial wallet for both beginners and advanced traders. It offers MPC technology for complete access to their funds. Zengo supports over 120 digital assets and selected ERC20 tokens for the storage, sending, and receiving of crypto assets.
Zengo wallet applications are suitable for both iOS and Android users, although most of its features are free to use Zengo offers a premium program at $9.99 per month for enhanced security and customer support. Users can buy and swap cryptocurrencies without leaving the Zengo app.
Zengo leverages multi-party computational (MPC) technology to erase the fear of theft or fraud. It makes use of multiple parts of a private key to distribute to multiple parties across mobile devices and software servers of established companies to store independently.
Pros
- Offer users the convenience to buy and sell within the wallet app.
- Provide 3FA security
- Zengo offers users a seamless experience across its platform.
Cons
- Limited crypto assets
- Not a fully non-custodial crypto wallet.
2. Uphold
Coins supported: BTC, ETH, XRP, XDC, DAG, ADS, etc.
Type of wallet: custodial wallet
Price: Free
Uphold is a crypto wallet that offers users the opportunity to buy and trade digital assets along with other precious metals and fiat currencies within its platform. Uphold supports over 250 cryptocurrencies for a seamless trading experience and offers educational materials that inform users on matters that concern the crypto space.
Uphold provides users with the opportunity for free depositing from $1 upward Via bank transfer, Google Pay, Apple Pay, Debit, or Credit Card. Uphold offers the security of self-custody coupled with the convenience of accessing your wallet even though you lose your key.
Pros
- Uphold offers default 2FA on all accounts.
- Most digital assets are kept in cold storage.
- It runs a bug bounty program.
Cons
- Basic charts
3. Ledger Nano X
Coins supported: BTC, ETH, LTC, DOGE, etc.
Type of Wallet: Cold wallet
Price: $149
Ledger Nano X is a leading cryptocurrency hardware wallet that offers users the convenience to swap, stake, and access DApps. Ledger Nano X supports over 5,500 tokens and offers Bluetooth security, and multi-chain support for $149 per month.
Considering the recent scams in the crypto sphere, ledger Nano X comes in handy to protect digital assets in a hardware wallet that require the physical pressing of a button to execute transactions while keeping your private keys safe and offline.
Pros
- Ledger Nano X offers unparalleled security of assets.
- Bluetooth connectivity
- It supports over 5,500 digital assets.
Cons
- Its premium services cost $149
- KYC is mandatory
- Complexity for beginner traders.
4. PrimeXBT
PrimeXBT is a custodial wallet that’s suitable for copy trading and offers a multi-currency HD wallet to store, manage, and process transactions. It’s a top alternative anonymous crypto wallet that allows users to control private keys and offers AES256 encryption to all transactions.
PrimeXBT is compactable for iOS and Android and supports over 40 cryptocurrencies to ensure a seamless trading experience. PrimeXBT provides customer support to users through email to ensure convenience.
Pros
- No KYC required
- Option to withdraw up to USD 20000 daily
- No fiat withdrawal
Cons
- Poor crypto support.
5. Pionex
Pionex is a crypto wallet that offers efficient and secure transactions through 16 free trading bots. Pionex provides its trading bot to users immediately after they create an account for pre-set or customization. Pionex supports Android and iOS devices and offers two types of trading within its platform namely: Trading Bot and Manual.
Manual trading is you setting the limit order or market order while trading bots are of 16 different kinds for a seamless trading experience among top exchange platforms such as Binance and Huobi.
Pros
- Users can deposit USD 1 in cryptocurrency equivalent;
- Low fees even with small trading volumes.
- Wide selection of crypto assets, including for margin trading;
- High security: license of a US regulator, holding funds in cold wallets; Strong security through 2FA (two-factor authentication).
- Has diverse free trading bots.
Cons
- No fiat deposit and withdrawal options;
- Referral awards are given only for users with trading volume of USD 20,000 or more;
- Poor customer support.
6. Bitcoin Paper Wallet
Paper wallets are for advanced traders considering the difficulty to maintain and preserve. It needs someone with a deep understanding to protect and use it properly to store BTC by printing private keys and public addresses on paper and then transferring them to specific Bitcoin. Users are advised to be cautious while using sweep and import functions on paper wallets.
Pros
- Paper Wallet is suitable for long-term storage of Bitcoin
- It has unique serial numbers
- Shiny hologram tape to seal the paper wallet
- It supports 12 different languages.
Cons
- Not suitable for holding large digital assets.
7. Electrum
Electrum is a top anonymous open-sourced desktop and mobile wallet for Bitcoin that allows users to password-protect their Bitcoin. Users control their key and can export it to other Bitcoin-supported platforms. Users can recover their assets through seed phrases.
Electrum offers strong security features through multisig and cold storage coupled with hardware wallet integration. It verifies all transactions through simple payment verification methods without downloading the entire Bitcoin blockchain. Electrum is considered lightweight because it allows users to send and receive BTC faster and cheaper through a lightning network.
Pros
- Electrum is easy to set
- Offers 24/7 customer support
- It has a user-friendly interface
Cons
- Only supports Bitcoin trading
Final Words
Considering there are a lot of anonymous crypto wallets, traders must consider specific usage before choosing any wallet. The wallets mentioned above are the top options in the industry, although they’re great, it’s important to consider international rules and regulations before use.
FAQ
Can I have an anonymous Bitcoin wallet?
Yes, people can customize anonymous crypto wallets depending on their choice of trade. An anonymous wallet can be used for either personal spending or business activities.
How can I check a Bitcoin wallet address to see who it belongs to?
Blockchain explorers serve as an essential tool that provides identity into transactions and addresses on the blockchain. It can reveal the balance of a Bitcoin address and the history of its transactions, which may eventually lead to identifying the entity behind it.
