Crypto currency has undoubtedly taken the world by storm. Being a form of digital currency, it is not dependent on any government backing. It has proven itself to be a safer and easier means of transaction method, offering privacy to its utmost best. There are many cryptocurrencies, over thirteen hundred of them, but undoubtedly, the most popular and one of the earliest cryptocurrencies is Bitcoin. Bitcoin is a famous cryptocurrency that most people subscribe to. Right now, we are going to take a look at the five best and highly recommended Bitcoin wallets to store and make Bitcoin transactions safely and anonymously.
What is a Bitcoin wallet?
A Bitcoin wallet is a cryptocurrency wallet that stores the public and private keys which are needed to send or receive Bitcoin. It is basically a digital bank, but unlike other banks, the Bitcoin itself is not stored in the wallet, but it is rather stored in a publicly available ledger called the block-chain. Every Bitcoin has its private key that is only known to the owner of that Bitcoin. When you are choosing a wallet for your Bitcoin, it is important that you remember who is going to have access to the private keys and therefore potentially has access to the cryptocurrency.
Top Five Bitcoin Wallets
If you are searching for an app that can guarantee the anonymity of your Bitcoins, well, look no further. The top on our list is the Rahakott Bitcoin wallet, and it takes this position for a good reason too. Rahakott wallet is the world’s first anonymous Bitcoin (including all cryptocurrency) wallets. It doesn’t take more than fifteen seconds to register on this multi-currency wallet. Also, it doesn’t require your email details or password to register. It, however, generates a mnemonic phrase for you, which is the key to your funds. It is highly important that you secure this key. Some key features of the Rahakott wallet app include an inbuilt mixer which makes it impossible for your transactions to be tracked, an HD wallet, a Tor-enabled feature, giving it the ability to work in VPN tunnels. It also supports four different languages (English, Japanese, Chinese and Russian).
This wallet tags itself as the most private Bitcoin wallet, and it is true to its words. It keeps your BTC transactions private and even has a way of hiding your identity while securing your funds. Some key features of this wallet are the no address reuse, which ensures that you don’t use an address more than once. It also brings to your attention when you are about to send a transaction to a previously used address. It also allows you to generate high entropy transactions. Also, it reviews all past transactions before creating a new transaction, thereby ensuring that no valuable metadata is leaked.
Third, on our list, Pint is a multi-currency HD wallet. It is capable of managing transactions of six, not just one cryptocurrency. Also, while using Pint, you need not disclose any vital information like emails, phone numbers and so on. Its major inbuilt feature is Tor, which ensures your anonymity while transacting in BTC and other assets.
A Paper wallet for Bitcoin is also a concept that does not joke with anonymity. It is actually a piece of paper on which your private and public key or addresses are written or printed. Although anyone can easily take your Bitcoins if this wallet gets stolen, but it is still arguably one of the best and safest wallets as far as anonymity is concerned. Being a physical object, you can simply keep it hidden away from online hackers.
BitLox Extreme Privacy set
The bitlox extreme privacy set is one, out of three, Bitlox wallet hardware. It is a private and anonymous wallet. Its features include a BitLox military grade USB vault with TAILS OS preinstalled and a Bitlox ultimate hardware Bitcoin wallet. Using this hardware, you can easily send and receive Bitcoin transactions and funds in absolute secrecy and total anonymity using the TAILS OS and the bitlox along with their TOR-compatible web tool.
The role of anonymity in carrying out a Bitcoin transaction can never be overemphasized, as it helps in securing your digital money from prying eyes and cryptocurrency hackers. We hope this list helps you in selecting the Bitcoin wallets of your choice, as far as safety and privacy are concerned.
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