Best Anonymous Bitcoin Wallets of 2020

There are many people that think that they can use Bitcoin anonymously since they do not have their personal identities on the blockchain, but this is not correct since Bitcoin can easily be tracked back to the owner due to its permissionless protocol.

This is why it is essential that users take advantage of anonymous wallets when the need for privacy is paramount. This is one of the very few paths to take in IP obfuscation while using Bitcoin. In other words, you can have your link to the coins and their sources ‘mixed’ so that blockchain analysis wouldn’t track them back to you.

You may be wondering how this is possible. So in this post, we are going to show you the best anonymous wallets in the market that you can always depend on in a bid maintain your privacy while using bitcoin.

These are the types of wallet that ensures that your public key is not exposed to the public giving you a layer of security. However, the best approach in using anonymous wallets is to send coins to them after your bitcoins have been properly dissociated using a Bitcoin tumbling service.

Ledger Nano X and Nano S

Ledger is a known and reputable producer of secure Bitcoin and cryptocurrency hardware wallets.

Their most known products are Ledger Nano S and Ledger Nano X, which are both highly-praised wallets due to their sturdy security and versatility. Each wallet supports thousands of cryptos and tokens in addition to Bitcoin.

The wallet has NIST certification for True Random Number Generator in order to secure signatures. It is a Hierarchical Deterministic wallet, having over 100 wallets, each being capable of creating millions of unique addresses.

Ledger enables you to create hidden wallets, with the data of these being hard to tell apart from random bytes, and only the owner can know their location.

It also features 24-word mnemonic backup to allow you to recover your funds in case the device is broken.

Samourai Wallet (Mobile Wallet)

Samourai wallet is a modern bitcoin wallet, hand forged to keep your transactions private, your identity masked, and your funds secure.

Very interesting statement from its development team:

“We are privacy activists who have dedicated our lives to creating the software that Silicon Valley will never build, the regulators will never allow, and the VC’s will never invest in. We build the software that Bitcoin deserves.”

…which shows that they know what they are doing and are serious about it.

Samourai wallet is encrypted on the device using AES-256 encryption and never communicates with any servers. Apart from that, you get robust features such as PIN code and seed word backup to store your funds safely.

More Privacy Centric USPs Of Samourai Wallet Are:

• No address reuse: Therefore, Samourai will alert you if you have sent to an address before, helping prevent unintentional address reuse.
• Protection with STONEWALL: Samourai provides, by default, a transaction that increases the difficulty of linking inputs to outputs of a transaction, making clustering wallet addresses and associated metadata more difficult. Also, STONEWALL enables Samourai transactions to produce higher entropy than standard bitcoin transactions and often resemble CoinJoin transactions on the blockchain to make it more complicated to analyze.
• Tor and VPN Support: The wallet is Tor and VPN enabled, allowing you the ability to route all transactions through an anonymous IP address.

Lastly, the wallet also comes with segwit support which naturally helps in lowering your BTC transaction cost.

Rahakott Wallet

Rahakott is another anonymous Bitcoin wallet that supports a variety of other cryptos. It has processed so far over 20 million dollars in BTC.

No personal ID or information is required for signing up for a Rahakott account. The wallet is translated in 4 languages (English, Chinese, Japanese, and Russian), and a new one can be created in under 15 seconds.

Rahakott allows you to deposit and transact with 6 cryptocurrencies (BTC, BCH, LTC, ETH, DASH, and ZEC).

The wallet also has additional security features, including OTP, password, and 2-FA authentication. It has SegWit integration, which enables you to pay lower fees when transacting with BTC.

It features an inbuilt address mixer, that makes it almost impossible to track transactions. The wallet has an extra “Strong Mixing” feature that intentionally breaks the connections between receiving and sending addresses, which also impedes tracking. In order to use Strong Mixing, you need to have at least 10 x the network minimum fee, and you will have to pay one percent of the total transaction cost.

The Rahakott wallet is available through the web interface on any browser. With strong privacy features and mixing options, this makes it one of the best anonymous Bitcoin wallet on our list.

Wasabi Wallet

Wasabi is another great anonymous Bitcoin wallet which is open-source, non-custodial, and completely focused on privacy.

The wallet uses the Chaumian Zero Link CoinJoins on Tor to provide anonymity, with CoinJoins serving as a Bitcoin wallet mixer.

A mixer intentionally breaks up the link between outbound and inbound transactions to prevent tracking the chain of your digital signatures. With these features, Wasabi has the potential of becoming the best anonymous Bitcoin wallet out there.

Wasabi is only compatible with Windows, Mac, and Linux desktop operating systems. There are currently no Android or iOS versions.

Electrum On Tails Operating System (Desktop Wallet)

Electrum is one of the oldest lightweight Bitcoin wallets operating in this space since 2011. It is also one of the most trusted Bitcoin wallets available in the market and is an open-source wallet under an MIT license.

It also supports integration with third-party hardware wallets such as Ledger, Trezor, and Keepkey but is not an anonymous wallet by default.

However, if you use Electrum wallet on Tails operating system which is very privacy-centric and is Tor enabled, it can be anonymous.

Here is a simple explanation of Tails:“Tails is a live system that aims to preserve your privacy and anonymity. It helps you to use the Internet anonymously and circumvent censorship almost anywhere you go and on any computer but leaving no trace unless you ask it to explicitly.”

Apart from that, there is no other requirement for protecting your privacy as it is an wallet that provides you with seed and takes no personal information.

At present, it is available for Windows, Mac OSX, and Linux.

BitLox (Hardware Wallet)

BitLox is an Hong-Kong based start-up that creates highly secure privacy grade hardware wallets for its customers.

They make currently three types of hardware wallets namely:

• BitLox Advanced;
• BitLox Ultimate;
• BitLox Extreme Privacy Set.

BitLox Extreme Privacy set is what we are interested in because it is a highly private and anonymous wallet for cautious users.

BitLox provides the absolute best-in-class privacy solution through an unbeatable combination of BitLox Ultimate Hardware Bitcoin Wallet and BitLox Military Grade USB Vault with TAILS OS preinstalled.

So using this you can send and receive funds in absolute privacy using TAILS plus, the BitLox and their TOR-compatible web tool.

Trezor (Hardware Wallet)

Trezor wallet has an isolated runtime environment, which significantly increases the level of security.

The wallet is easy to use and is safe, storing private keys on the device. Using the display you can visually check the balance and transaction posting. Even if your computer is hacked by malware, your private keys will still be safe.

To use the wallet, you need a PC connection and an installed application in Google Chrome, or a mobile application. In addition to the web interface, you can work with it through third-party applications like MyEtherWallet or Mycelium.

The Trezor hardware wallet leaves a pleasant impression and is recommended for purchase. The cost of this hardware wallet is about $150, which is slightly more expensive than its closest competitor Ledger. However, in a situation where the manufacturer has issues with production, the presence of a good alternative is simply necessary.

• Type of Wallet: Cold;
• Available Assets: multicurrency (BTC, ETH, LTC, etc);
• Available Platforms: Android, macOS, Windows, Linux.

Conclusion

To maintain high level of anonymity in all your bitcoin transactions, you should use any of the wallets mentioned above in this post, or you can as well, find a way of increasing your own privacy while using BTC for transactions.

Nowadays, unlike earlier, you need not install a lot of Tor or VPN set-ups to do anonymous Bitcoin transactions. Instead, you can use any of the above wallets to do private and completely secure anonymous transactions.

But if you are still confused about which one to choose, we will vote for Ledger Nano S / X wallets, because they are the best in this cryptocurrency wallet business.