14 Best Anonymous Crypto Wallets of 2025

Some Bitcoin wallets allow users to store crypto anonymously. Access is non-custodial, meaning users have full control and authority over their coins. No account or personal information is needed – ensuring a private experience. You only need to use some of the reviewed anonymous crypto wallets. You can also set up custom-made wallets or methods to get an anonymous Bitcoin wallet.

Read on to learn more about anonymous crypto wallets, which providers stand out, and what best practices should be implemented to avoid common mistakes.

What Is the Best Anonymous Crypto Wallet?- 13 Top Picks

  1. Best Wallet – The overall best anonymous crypto wallet for 2025
  2. Exodus – Anonymous crypto wallet for diversification with 50+ supported networks
  3. Margex Wallet – Popular easy entry point in crypto, offers untraceable crypto wallet
  4. Zengo – One of the most secure crypto wallets app for mobile users
  5. Ledger Stax – The future of secure touchscreen hardware anonymous wallets
  6. Cypherock – A game-changer in hardware wallet security with no seed phrase vulnerability
  7. Tangem – One of the most secure and portable hardware wallets for crypto users
  8. ELLIPAL Titan 2.0 – Top-rated hardware wallet with air-gapped security
  9. Trezor Model One – Budget-friendly hardware wallet for storing Bitcoin and Ethereum
  10. Ledger Nano X – Pocket-size cold storage anonymous crypto wallet supporting 5,500+ cryptos
  11. OKX Wallet – Multi-device Web 3.0 wallet with MPC security and token swaps
  12. Bybit Wallet – Earn airdrops, tokenized rewards, and other perks when completing tasks
  13. Blockstream Jade – Anonymous Bitcoin wallet device with 3FA security features
  14. NGRAVE – Premium cold privacy wallet for investors with large crypto balances

Reviewing the Best Anonymous Crypto Wallets

Getting your privacy with Bitcoin transactions is possible; you simply need to use some of the reviewed anonymous crypto wallets. Now, let’s take a closer look at the leading anonymous Bitcoin wallets. Our impartial reviews cover everything investors need to know – including privacy and security features, supported coins, compatible device types, and pricing. You can also create custom-made wallets or methods to get an anonymous Bitcoin wallet.

1. Best Wallet – The Overall Best Anonymous Crypto Wallet for 2025

best wallet- anonymous crypto wallet

Best Wallet is our top pick for storing crypto coins anonymously. This non-custodial wallet offers a private experience from the get-go. No account, personal information, or contact details are needed. Just download and install the Best Wallet app for iOS or Android. 

Users must initially choose a PIN and set up biometrics, plus a strongly recommended two-factor authentication (2FA), which is also supported. Best Wallet doesn’t collect IP addresses, but VPNs are welcome. The wallet comes with a QR scanning feature for additional convenience. Users can send and receive funds without third-party authorization.

Best Wallet currently supports three blockchain networks: Ethereum, BNB Chain, and Polygon., and custom tokens from each network can be added manually.

Additionally, Best Wallet offers a user-friendly and fee-free decentralized exchange.

Best Wallet also offers a fiat on-ramp service, meaning users can buy extra crypto coins with a debit/credit card. Best Wallet is also at the top of our list of best ways to buy Bitcoin anonymously.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Best Wallet Software Free Ethereum, BNB Chain, and Polygon Determined by the on-ramp provider Yes Anonymous token swaps / Fiat on-ramp service / Users can add custom tokens

Pros

  • Comes as a user-friendly app for iOS and Android
  • Secured via biometrics and 2FA
  • Private keys are safely stored on the user’s smartphone

Cons

  • Many products are not launched yet

2. Exodus – Anonymous Crypto Wallet for Diversification With 50+ Supported Networks

Exodus_anonymous_crypto_wallet

 

Exodus is one of the best crypto wallets that don’t require ID for diversified portfolios. It supports over 300 tokens and 50 blockchain networks – including Bitcoin, Dogecoin, Ethereum, Solana, and BNB Chain. This enables investors to securely store some of the best cryptocurrencies to buy in one place rather than managing multiple wallets. 

This hot wallet is integrated with Trezor to store private keys offline. Additionally, it uses 2FA, biometric authentication, and PIN protection.

Exodus Wallet is a versatile option for users, as it is available for desktop and mobile platforms. It has a mobile app for iOS and Android and desktop software for Windows, Mac, and Linux.

Traders can buy coins directly through their wallet using MoonPay, Ramp, and Sardine. They can also add a custom token and receive NFTs. Finally, Exodus allows its users to earn staking rewards with lucrative APYs.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Exodus Software Free Over 50 networks – Bitcoin, BNB Chain, Ethereum, Solana, Monero, and Dogecoin Determined by the on-ramp provider Yes Multi-device wallet / Supports over 50 networks / Customizable portfolio dashboard

Pros

  • Established wallet for desktops, mobiles, and browser extensions
  • Supports crypto coins from over 50 networks
  • Additional features include a fiat-on ramp and staking

Cons

  • Swap fees are opaquely built into the exchange rate

3. Margex Wallet – Popular Easy Entry Point in Crypto, Offers Untraceable Crypto Wallet

margex -anonymous crypto wallet

The next anonymous crypto wallet to consider is the Margex Wallet, an integrated crypto wallet and trading platform with many useful features for new and experienced traders. The platform prioritizes high security alongside offering advanced trading tools to make it a go-to option for traders.

The wallet works with many coins, such as Bitcoin, Ethereum, and other cryptos. One of Margex Wallet’s standout features is its integration with the Margex trading platform. This allows users to easily access high-leverage trading options, copy trading features, and staking features.

It’s worth noting that Margex Wallet prioritizes security by using strong measures such as cold storage for most user funds and two-factor authentication (2FA) for account access. This app also offers real-time portfolio tracking, which allows users to monitor their assets’ performance in real-time. Margex also found a place on our list of the best no-KYC exchanges due to its low trading fees for spots and futures.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Margex Software, Custodial Free Major networks Determined by third party Yes High-leverage trading (up to 100x), copy trading, and staking.

Pros

  • Integrated with the Margex trading platform for a smooth trading experience
  • Strong security measures, including cold storage
  • User-friendly interface suitable for beginners and experienced traders

Cons

  • Users do not have full control over their private keys

4. Zengo – One of the Most Secure Anonymous Crypto Wallets App for Mobile Users

zengo-anonymous crypto wallet

Zengo offers the perfect balance between convenience and security. Available both as a desktop app and as a mobile app for iOS and Android, Zengo comes packed with safety features. The Zengo desktop app doesn’t store private data on your computer like most banking or cryptocurrency apps do. To keep your assets safe, it uses decentralized MPC (Multi-Party Computation) technology instead.

Its security features include Multi-Party Computation (MPC) technology, which ensures private keys aren’t vulnerable to remote hackers. There is no single point of failure, as keys are segmented and stored on multiple servers. Each server is independent from the next, meaning security breaches are almost impossible. And, if you lose the smartphone containing the Zengo app, your funds will still be safe. Recovery takes minutes via multi-factor authentication.

This includes an email confirmation, accessing a unique file on the cloud, and facial biometrics. Supported networks include Bitcoin, Ethereum, BNB Chain, and Dogecoin. Zengo also connects with decentralized applications, such as OpenSea, Aave, and Uniswap.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Zengo Software Free Bitcoin, Dogecoin, Ethereum, BNB, Polygon, Arbitrum, and Optimism Determined by the on-ramp provider Yes MPC security / No seed phrase vulnerability / Connects with decentralized applications

Pros

  • Keys are segmented and stored on multiple servers
  • Easily recover access via multi-factor authentication
  • Offers a user-friendly experience from the get-go

Cons

  • Doesn’t directly offer staking services

5. Ledger Stax – The Future of Anonymous Touchscreen Hardware Wallets

ledger stax- anonymous crypto wallet

If you’re looking for the best anonymous Bitcoin wallet, opt for Ledger Stax. It’s Ledger’s newest product, combining the best security with cutting-edge style. This is the first secure touchscreen hardware wallet in the world that gives you complete protection while letting you customize your experience.

This wallet is great for crypto investors because it ensures secure storage and is easy to use due to its unique curved E Ink touchscreen. It ensures maximum security by storing private keys offline on a secure chip and using PIN codes to protect the Ledger devices.

The wallet is designed to work with multiple devices. It is compatible with iOS, Android, and desktop computers, ensuring a seamless experience across all platforms. Ledger Live is a companion app that lets users easily manage their assets.

Thanks to its eco-friendly rechargeable battery, Ledger Stax can last for days on standby and offers up to 10 hours of use on a single charge.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Ledger Stax Hardware wallet Around $530 Bitcoin, Ethereum, Solana, USDT, and more Determined by the on-ramp provider Yes Secure curved touchscreen, magnet stackable design, wireless charging.

Pros

  • Advanced security with Ledger’s Secure Element chip
  • Unique curved touchscreen for ease of use
  • Eco-friendly battery and wireless charging

Cons

  • A bit expensive

6. Cypherock – A Game-Changer in Hardware Wallet Security With No Seed Phrase Vulnerability

Cypherock -anonymous crypto wallet

Another popular anonymous wallet to consider is Cypherock. It’s considered one of the world’s safest hardware wallets with a next-gen approach to security by eliminating seed phrase vulnerability. This wallet cryptographically splits the private key into five parts and stores them in different locations, giving users peace of mind with no single point of failure. However, users still have the option to access their seed phrase and back it up.

It has been security audited by Keylabs, the same firm that identified vulnerabilities in Ledger and Trezor wallets.

Additionally, Cypherock caters to HODLers looking for maximum security. Cypherock eliminates seed phrase vulnerability and stores private key shards across its X1 Vault and four X1 Cards. This makes it nearly impossible for hackers to access your assets through traditional attack vectors.

The wallet supports 9000+ digital assets and works with the cySync app, making it suitable for NFT and DeFi enthusiasts. The app also allows you to manage seed phrases for other wallets.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Cypherock X1 Hardware wallet Around $150 1000+ Yes Private key splitting, no seed phrase vulnerability, supports DeFi/NFTs, multi-wallet management.

Pros

  • Uses advanced Shamir’s Secret Sharing for key splitting
  • Works with over 9000 digital assets
  • Highly secure with NFC-based smartcards

Cons

  • The Android and iOS app has yet to be launched

You can use the promo code “coldwallet” to get 17% on your purchase

7. Tangem: The Ultimate Privacy-focused, Card-based Security Wallet

Tangem Logo

The Swiss-based Tangem has created a hardware wallet shaped and sized like your regular bank card. This design makes it highly portable, allowing you to always have access to your crypto fortune.

The wallet comes as a set of two or three cards, which you can use as a backup option. This way, if one of your cards gets stolen, you can use the backup card to restore your access to the wallet.

For top-level security, each card is embedded with a chip developed in partnership with Samsung Semiconductor. This chip has an EAL 6 plus certification, providing protection against both invasive and non-invasive attacks.

Another great thing about this hardware wallet is that no personal data is required to set it up or use it. You can simply buy it and start using it within minutes. Furthermore, Tangem does not collect any personal data, so you can store your crypto and make transactions on the blockchain with complete ease of mind.

There’s also the Tangem app, which you can use to explore various crypto opportunities and enjoy a full crypto experience right from the safety of the fully offline Tangem Wallet.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Tangem Hardware $54.90 Over 60 networks – Bitcoin, Solana, Ethereum, BNB Chain, Sui, Base, Cosmos, Aptos, Arbitrum, and Dogecoin Depends on the third-party service used to buy & sell crypto Yes EAL6+ security standard, Low-cost, Audited, Open source, 25-year warranty, privacy-focused, & Tangem App to track, buy, sell, swap, & stake

Pros

  • Compact, portable card design.
  • EAL6+ certified security.
  • No personal data required for setup.
  • Supports 60+ networks.
  • Includes a user-friendly Tangem app.

Cons

  • Relies on third-party services for transactions.
  • Lacks a display screen for direct interaction.
  • Unconventional card-based design.

8. ELLIPAL Titan 2.0 – Top-Rated Hardware Wallet With Air-Gapped Security

Ellipal-_anonymous_crypto_wallet

ELLIPAL Titan 2.0 is one of the best anonymous crypto wallets for cold storage. This means the private keys are stored within the hardware device and never exposed to internet connections. ELLIPAL Titan 2.0 has also implemented air-gapped security for enhanced peace of mind.

This means other network connections, such as Bluetooth and USB cables, are blocked. Wallet movements are authorized via a QR code generated by the ELLIPAL app when setting up transactions. The QR code is scanned with the ELLIPAL device. As such, unauthorized access is all but impossible, making ELLIPAL Titan 2.0 the best option for safety.

That said, Ellipal is one of the best crypto cold wallets that use air-gapped security.

ELLIPAL Titan 2.0 isn’t cheap – wallets retail for $169 plus shipping fees.

Nonetheless, we like that ELLIPAL Titan 2.0 is compatible with 41 networks and 10,000+ tokens, including some of the best meme coins.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
ELLIPAL Titan 2.0 Hardware $169 plus shipping fees 41 blockchains, including Bitcoin, Ethereum, Solana, Cardano, Ripple, and BNB Chain Determined by the on-ramp provider Yes Air-gapped security / 41 supported networks / Ideal for long-term cold storage

Pros

  • Top anonymous cryptocurrency wallet for safety
  • Offers cold storage and air-gapped security
  • Ideal for storing large balances or holding long-term

Cons

  • $169 might be a bit pricey

9. Trezor Model One – Budget-Friendly Hardware Wallet for Storing Bitcoin and Ethereum

Trezor-anonymous crypto wallet

Trezor Model One is another hardware wallet that offers anonymous and private storage. This is the basic version Trezor offers, meaning it’s affordable for most budgets. Costing just $49, the Trezor Model One is ideal for storing Bitcoin and Ethereum in the long term. 

It also supports other popular networks, including BNB Chain, Polygon, and Arbitrum.

Trezor Model One provides top-notch security. Users must enter a PIN on the device to make wallet movements. Stolen or damaged wallets can be recovered by the 12-word passphrase. This can be extended to 24 words for additional security. What’s more, the Trezor Model One also offers 2FA.

However, air-gapped security isn’t supported – meaning users must connect a USB cable when setting up outgoing transactions.

Additionally, the Trezor Model One lacks Bluetooth support, making it slightly less inconvenient.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Trezor Model One Hardware $49 plus shipping fees Bitcoin, Ethereum, Bitcoin Cash, Stellar, BNB Chain, Dogecoin, Polygon, Mantle, Cronos, and Arbitrum Determined by the on-ramp provider Yes Budget-friendly hardware wallet / Backed by a 12 or 24-word passphrase / Costs just $59

Pros

  • Security features, including 2FA
  • Compatible with Bitcoin, Ethereum, and other networks
  • Private keys are stored within the device

Cons

  • It has no mobile compatibility

10. Ledger Nano X – Pocket-Size Cold Storage Anonymous Crypto Wallet Supporting 5,500+ Cryptos

ledger nano x- anonymous crypto wallet

Ledger Nano X is a popular hardware wallet that’s ideal for long-term investors. It supports more than 5,500 cryptos from the leading network ecosystems. This includes everything from Bitcoin, Solana, and Ripple to Cardano, Avalanche, and Ethereum. 

Setting up the Ledger Nano X is easy. Users need to select a PIN and record the 12-word passphrase. The selected PIN is required when transferring coins to another wallet.

Another feature is the Ledger Live app for iOS and Android. This enables users to swap tokens anonymously – without needing a crypto exchange. Ledger Live also supports fiat services, meaning you can buy crypto with a debit/credit card. This top-rated wallet is also ideal for earning staking rewards – including Ethereum and Solana.

Ledger has recently released two new hardware wallets, Ledger Flex and Ledger Stax, that push the boundaries of cold wallet storage with e-ink screens and NFT compatibility. To find out which wallet came out on top, read our Ledger Flex Vs. Stax comparison article.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Ledger Nano X Hardware $149 including shipping Dozens of blockchains including Bitcoin, Ethereum, Solana, Dogecoin, Cardano, and Ripple Determined by the on-ramp provider Yes Secure cold wallet storage / Supports 5,500+ cryptos / Comes with a user-friendly app
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Pros

  • Trusted by more than 6 million investors
  • Outgoing transactions are authorized by a PIN
  • Backup recovery is simple via the 12-word passphrase

Cons

  • Token swap fees are high

11. OKX Wallet – Multi-Device Web 3.0 Wallet With MPC Security and Token Swaps

OKX-anonymous crypto wallet

OKX Wallet offers anonymous storage solutions for desktop and mobile users. Available operating systems include Windows and Mac software, a mobile app for iOS and Android, and a Chrome browser extension. The wallet is free to download, and all subsequent transactions are private. 

OKX Wallet is a solid option for active crypto investors. It has created a bridge aggregator with hundreds of Web 3.0 applications. This lets users purchase and sell thousands of coins and tokens without leaving the OKX Wallet interface.

Users can also earn competitive yields via staking and liquidity farming pools. Best of all, more than 80 blockchains are supported.

In terms of security, OKX Wallet is compatible with MPC technology. This enables users to segment their private keys across multiple trusted servers.

The wallet’s smart contract code has been audited by several parties for increased transparency.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
OKX Wallet Software Free Over 80 blockchain networks including Bitcoin, Ethereum, Solana, and BNB Chain Determined by the on-ramp provider Yes Available on desktop and mobile devices / Protected by MPC technology / Connects with hundreds of liquidity providers

Pros

  • The best option for active crypto investors
  • Earn competitive yields via staking and liquidity farming
  • Offers in-wallet token swaps from over 400 liquidity providers

Cons

  • Doesn’t offer a fiat off-ramp for cash withdrawals

12. Bybit Wallet – Earn Airdrops, Tokenized Rewards, and Other Perks When Completing Tasks

bybit-anonymous crypto wallet

Bybit Wallet is an anonymous wallet app for iOS and Android. Those who prefer using a desktop device can download the Chrome extension. Bybit Wallet offers two ways to secure private keys. First, there’s the seed phrase option, which is secured by a traditional backup passphrase.

Alternatively, the keyless wallet offers MPC security, so the private keys are distributed on multiple servers. One of the top features of Bybit is that users earn Web 3.0 points when completing tasks. This includes basic transactions like sending and receiving funds. Connecting to decentralized applications – such as NFT marketplaces – offers additional points. 

Bybit Wallet supports crypto airdrops and provides initial direct offerings (IDOs) access. It’s also known as a top exchange for leverage and margin trading.

Bybit Wallet supports 20 blockchain ecosystems, including Bitcoin, Solana, and Ethereum. The wallet is completely free to use.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Bybit Wallet Software Free Over 20 blockchain networks including Bitcoin, Ethereum, Solana, and Mantle Determined by the on-ramp provider Yes Earn Web 3.0 points when completing tasks / Points offer tokenized rewards / Offers two non-custodial options

Pros

  • Earn Web 3.0 points to generate tokenized rewards
  • Access new airdrops and crypto IDOs
  • Security options include a backup passphrase or MPC technology

Cons

  • Users need to bypass a bot to access live chat support

13. Blockstream Jade – Trusted Bitcoin Wallet Device With 3FA Security Features

Blockstream Jade-anonymous crypto wallet

Blockstream Jade is a no-KYC Bitcoin wallet that comes as a hardware device. Retailing for just $64.99 – it offers the ideal balance between affordability and institutional-grade security. Blockstream Jade is an air-gapped wallet, so external connection threats are redundant. This includes WiFi, USBs, and Bluetooth.

The device comes with an in-built camera – which scans a unique QR code when moving funds. The QR code is randomly generated by the Blockstream app for iOS and Android. Additionally, Blockstream Jade offers three-factor authentication (3FA) for additional security. This includes a unique code sent to the registered mobile device and a 24-word passphrase.

The Bitcoin anonymous wallet is open-source, highlighting its commitment to transparency.

However, Blockstream Jade has a big drawback – Bitcoin is the only supported network. This means you won’t be able to store some of the best altcoins.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
Blockstream Jade Hardware $64.99 plus shipping fees Bitcoin N/A Yes Air-gapped security / 3FA for additional safety / Supports the Bitcoin Lightning Network

Pros

  • Security features include air-gapped technology and 3FA
  • Comes pre-built with a camera for scanning QR codes
  • Compatible with the Bitcoin Lightning Network

Cons

  • Some features are aimed at users with coding knowledge

14. NGRAVE – Premium Cold Wallet Aimed at Investors With Large Crypto Balances

NGRAVE-anonymous crypto wallet

The final option to consider is NGRAVE – a premium hardware wallet offering an anonymous experience. Considering its $398 price – NGRAVE is only suitable for investors with large balances. It offers some of the most advanced security features – including tamper-proof technology.

This ensures that NGRAVE devices cannot be tampered with before they arrive. NGRAVE also offers air-gapped security – so threats via WiFi, Bluetooth, and USBs are alleviated. The wallet is also protected by biometrics via 2FA security. In terms of network compatibility, NGRAVE supports 15 blockchain ecosystems.

This includes Bitcoin, Solana, Dogecoin, and Ethereum. Like most decentralized crypto wallets, NGRAVE can be recovered via a backup passphrase. NGRAVE also offers a stainless steel product for safely storing the passphrase, although this retails for an extra $100. Writing the passphrase down on a sheet of paper will suffice for most users.

Anonymous Wallet Wallet Type Price Supported Networks Fee to Buy Crypto Mobile App? Top Features
NGRAVE Hardware $398 plus shipping fees 15 networks including Bitcoin, Ethereum, Dash, Dogecoin, and Solana N/A Yes Premium cold storage for large crypto balances / Air-gapped and 2FA security / Compatible with 15 network standards

Pros

  • Institutional-grade storage, including air-gapped security
  • Devices are made with tamper-proof technology
  • Additional 2FA safeguards via biometrics

Cons

  • The stainless steel add-on costs an extra $100

What is an Anonymous Crypto Wallet and How Do They Work?

This type of digital wallet allows users to send, receive, and store crypto without having to disclose their identities. While traditional wallets require personal information for verification, anonymous wallets use decentralized networks and advanced encryption techniques to obscure user identities, prioritizing privacy. 

These wallets use many privacy-enhancing technologies, like coin mixing, stealth addresses, and zero-knowledge profits, helping to mask users’ identities, wallet balances, and transaction amounts. This wallet is also referred to as an untraceable crypto wallet, as it makes it hard for third parties to trace the transaction back to the person.

Types of Anonymous Crypto Wallets

Anonymous wallets are available as ‘hot’ or ‘cold’ storage.

Let’s take a closer look at how hot and cold storage wallets work to help you choose the most suitable option.

Anonymous Hot Wallets

Anonymous hot wallets come as software applications.

They’re available in three different formats:

  • Mobile Apps: The most common format is a mobile app, allowing users to seamlessly send, receive, and store funds via smartphones. Security features include facial or fingerprint biometrics.
  • Desktop Software: Some users prefer anonymous crypto wallets on a desktop device. This option comes as software for Windows and Mac. Linux is sometimes supported too.
  • Browser Extension: The least secure but also the most convenient is a browser extension. This is ideal for active traders who regularly move funds. However, users should be aware of online threats – such as malware and keyloggers.

Anonymous Cold Wallets

The safest wallet types offer cold storage. This means that private keys are never exposed to internet threats. Cold wallets come as small hardware devices. Users must enter a PIN on the device to transfer funds. The connection is usually made via Bluetooth or a USB connection.

That said, some hardware wallets offer air-gapped security – which means enhanced safety. Instead of relying on external connections, transactions are authorized via a QR code. The QR code is generated by a mobile app and scanned from the wallet device itself.

Benefits of Using an Anonymous Bitcoin Wallet Without KYC

Anonymous crypto wallets offer many benefits, which are summarized below:

  • No KYC Crypto Wallet: Anonymous wallets offer a KYC-free experience. The wallet provider doesn’t collect or store personal information – including IP address. This means users can invest in and store crypto without uploading a government-issued ID.
  • Become the Custodian: Centralized wallets – usually offered by exchanges and brokers, are custodians. This means they’re responsible for safeguarding your crypto coins. However, this also means you’re controlling the wallet’s private keys. As such, you must seek approval when transferring funds. This isn’t the case when using an anonymous wallet, which are non-custodial.
  • Avoid Counterparty Risk: Another benefit of anonymous wallets is avoiding counterparty risk. After all, custodians can be hacked, meaning a risk to client-owned funds. Custodians can also engage in fraud, negligence, and misconduct – just like FTX did before its 2022 bankruptcy.
  • Transact Freely: Anonymous wallets enable you to send and receive funds immediately – no authorization is needed. This offers a peer-to-peer and decentralized experience – ensuring users can transact without limitations. Crucially, there’s no involvement from third-party intermediaries.
  • Multi-Network Support: Some anonymous wallets support multiple blockchain networks. This means you only need one wallet to store all of your crypto investments. This is especially important for beginners – as managing multiple wallet interfaces can be cumbersome.
  • Anonymous Token Swaps: Not only are anonymous wallets ideal for decentralized storage – but they often support token swaps too. For example, suppose you’ve got USDT stored in Best Wallet. You want to invest in ETH. Without leaving the Best Wallet app, you can anonymously buy ETH with your USDT balance.

Are Anonymous Bitcoin Wallets Safe and Legal?

No-KYC Bitcoin wallets are legal. In most countries, there are only minimal rules about BTC wallets and ID checkups. Most ID checkups are usually associated with the on-ramps to cryptocurrency, typically involving exchanges.

Still, some non-KYC apps represent Bitcoin wallets that don’t require ID. Although they are completely legal, users could potentially come under regulatory scrutiny in case of a future crackdown. Yet, if the wallets are non-custodial, users will keep control of their funds without worrying that their tokens will disappear even if there’s a crackdown. 

This is due to anti-money laundering regulations. The KYC process will be carried out by the fiat-on-ramp provider, rather than the wallet itself. That said, some government bodies have issued guidelines that cover non-custodial wallets.

An anonymous Bitcoin wallet with no ID verification can be as safe as that with ID verification, with the difference that non-custodial are more focused on privacy, with users managing their private keys. Users have to be responsible and make sure their keys don’t get exposed or lost. 

How to Choose an Anonymous BTC Wallet

No two anonymous crypto wallets offer the same user experience. Crypto investors should consider the following factors when selecting a provider:

  • Security: The most critical feature of any good wallet is security. The ​​most anonymous crypto wallet offers robust measures like two-factor authentication, end-to-end encryption, biometrics, MPC technology, backup passphrases, and multi-signature support, adding layers of protection to make sure users’ funds and private data stay secure.
  • Privacy (Personal Information Required): The wallet provider should provide an anonymous and private experience, with no requirements for contact details or personal information. These crypto wallets that don’t require ID shouldn’t store IP addresses either. So, it’s crucial to read the wallet’s terms and conditions.
  • Supported Networks and Tokens: It’s essential to explore which networks the wallet supports. For instance, while Blockstream Jade only supports Bitcoin, Exodus supports over 50 networks, including Ethereum, Bitcoin, BNB Chain, and Solana. We also prefer wallets that support custom tokens, which come in handy when investing in new cryptocurrencies – which can be added manually via the contract address.
  • Supported Platforms: Decide between hot or cold storage. Active traders typically prefer hot storage via a browser extension or a mobile app, while cold storage is better for long-term investors. Consider the advantages and disadvantages of each before you decide.
  • Fees: Most hot wallets are cost-free and just require users to download the software application. Then again, cold wallets typically charge for their services. For example, Blockstream Jade and Trezor Model One are some of the most affordable options, while those looking for premium wallets may consider NGRAVE, which comes at a higher cost.
  • Additional Features: The best anonymous crypto wallet offers additional features, like staking, token swaps, lending services, and liquidity farming. It usually also allows users to buy cryptocurrency with a credit/debit card. Decide which features are crucial for you when shortlisting providers.

Storing Seed Phrases Securely

When considering what wallet to choose, security is always an important concern. While you should look at the overall wallet security features, you should also consider how you will store your seed phrase. A seed phrase a a collection of 12 or 16 unique words that is used to recover your account if needed. It’s vital to store this safely offline where no one can access it.

While many people choose to write this down on paper, this can easily be lost or damaged. That’s why some choose a more hardy solution like CRYPTOTAG where you can store your backup words in virtually indestructible titanium.

How to Setup a Crypto Wallet Anonymously

We'll now explain how to set up an anonymous wallet without revealing your identity. Best Wallet - our top pick, will be used for this walkthrough.

  1. Connect to a VPN

    Although this step is optional, consider connecting to a VPN before getting started. This will hinder your true IP address and make it appear as if you’re located in another country.
  2. Download the Best Wallet App

    Visit the Best Wallet website and download the app. Click the Google Play or App Store button to begin the download.
  3. Set Up Wallet Security

    Open the Best Wallet app and complete the required security steps. This will ensure your wallet is protected. Choose a PIN, set up biometrics, and write down your 12-word passphrase.
  4. Add Crypto

    The final step is to add some crypto to your Best Wallet balance. Click the coin you want to deposit followed by ‘Copy’. Complete the transfer from an external wallet or exchange. You can also buy coins directly with a debit/credit card – but your wallet will no longer be anonymous.

Conclusion

Anonymous wallets are a must if you want to store crypto away from centralized entities. Full control and authority are granted to the wallet owner – meaning transaction approval isn’t required.

What’s more, you’ll be able to send and receive crypto without revealing your identity. This ensures an all-round private experience. Research is crucial when selecting an anonymous wallet – including security features, supported networks, and pricing.

FAQs

What is the best anonymous crypto wallet?

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About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech, gambling and blockchain industries for major developments, new product and brand launches, AI breakthroughs, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Gaurav Roy
Editor

Gaurav is a skilled writer and content expert who has collaborated with companies and individuals worldwide. While he specializes in the crypto and iGaming industries, he also writes for sectors like eCommerce, artificial intelligence, clean-tech, and various technology-specialized websites. To date, he has contributed his insights to more than 50 businesses and news sources, such as Ledger, Energent Media, Coin Market Cap, Shyft Network, and Venture Beat. Gaurav holds a digital marketing certificate from Brandveda and is a Google Ads-certified marketer. In his leisure time, he blends imagination and technology to create engaging doodles using AI.

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