When it comes to privacy-centric cryptocurrencies, there are a few different options to choose from. In this blog post, we will be discussing the top 5 best anonymous cryptocurrencies. And no, we are not talking about bitcoin or ether. Each of these coins has its own unique features and benefits, and we will point them out in the article so you can decide which one is best for you! Keep reading to find out which crypto makes our list!
The 5 best anonymous cryptocurrencies
Monero is currently the most popular privacy coin, with a market cap of over $600 million. The token Monero (XMR) was built with privacy in mind. It uses a technique called ring signatures to conceal the sender’s identity, and it also obscures the amount of money being sent.
Another great thing about Monero is that it’s fungible, meaning that each unit of the currency is equal to another. This is in contrast to Bitcoin, which can be blacklisted by exchanges and wallets if it’s ever been associated with illegal activity.
All in all, Monero is a great choice for anyone looking for privacy-focused crypto.
DASH is a popular cryptocurrency that offers privacy features similar to Monero. It uses a technique called “PrivateSend” to mix transaction amounts and make them unidentifiable.
DASH also has some other unique features, such as instant transactions and low fees. It’s one of the faster and more user-friendly privacy coins out there.
The market cap for DASH is currently around $500 million.
If you’re looking for a privacy coin with some extra features, DASH might be the right choice for you.
Zcash is also one of the best anonymous cryptocurrencies available. The privacy-focused token uses a technique called “zk-SNARKs” to conceal transaction data, and the project’s total market cap is around $300 million.
One of the great things about Zcash is that it offers users the option to choose between private and transparent transactions. This flexibility makes it a great choice for those who want the option to keep their activity private, but also want to use a cryptocurrency that is compatible with most exchanges and wallets.
Verge is a privacy-focused cryptocurrency that uses Tor and I²P to conceal users’ IP addresses and locations. The project’s total market cap is around $100 million.
One of the great things about Verge is that it offers users both privacy and speed. Transactions on the network are fast and efficient, making it a great choice for those who want to keep their activity private but don’t want to sacrifice speed or efficiency.
Verge is also a great choice for those who want to use privacy-focused crypto but don’t want to pay the high fees associated with some of the other options on this list.
Another famous anonymous cryptocurrency is ZEN, better known as Horizen. Like others in our list, it is a privacy-focused cryptocurrency that uses zk-SNARKs to conceal transaction data. By June 2022, the project’s total market cap was around $70 million.
It stands out for offering users the choice to make each transaction public or private.
Aren’t bitcoin and ether anonymous?
No. Even though many people believe that cryptocurrencies are a synonym for anonymity, most of these tokens were not created with privacy in mind. Tokens built on the Bitcoin and Ethereum blockchains are not anonymous.
The fact is that, even though these tokens offer some degree of privacy, they are far from being the best option if your main concern is to keep your identity and activity private.
So, if you’re looking for anonymity, you should focus on the options we’ve listed above.
Why use anonymous cryptocurrencies?
There are many reasons why you might want to use an anonymous cryptocurrency. Perhaps you value your privacy and don’t want your activity to be public. Or maybe you’re concerned about being targeted by hackers or government agencies.
Whatever your reason, anonymous cryptocurrencies offer a great way to keep your activity private.
Are anonymous cryptocurrencies the best way to keep your privacy?
There are a few different ways to keep your activity private. One is to use an anonymous cryptocurrency, as we’ve discussed above. Another is to use a crypto mixer.
What is a crypto mixer and how does it help keep anonymous?
A crypto mixer is a service that takes your cryptocurrency and mixes it with the cryptocurrency of other users. This makes it difficult to trace your activity back to you. And you can use these services to mix any kind of cryptocurrency, not just the anonymous ones.
At ETH-Mixer.com, for example, you can send your Ethereum tokens to one of our addresses. Once we receive your tokens, we’ll mix them with the tokens of other users and send you back a new, mixed ether. This process makes it difficult for anyone to trace your activity back to you, thus, keeping your anonymity.
Both anonymous cryptocurrencies and crypto mixers are great ways to keep your privacy. Which one you choose will depend on your needs and preferences.
Looking for more privacy tips? Check out our blog for more content on the best ways to keep your crypto activity private.