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Top 6 anonymous bitcoin wallets

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As the name implies, an anonymous bitcoin wallet primarily keeps the identity of the owner hidden. Users don’t need to provide any private or personal details before creating an anonymous bitcoin wallet. All that is required is a password, backup of your private key, and you can start using receiving and sending bitcoin without leaving a digital footprint.

There are different forms of anonymous wallets. Some of them are strictly web-based wallets, while others are either desktop and mobile wallets only or available on both devices.

Find out ways to secure your Bitcoin on a mobile device.

What to consider

When choosing an anonymous wallet, you should consider the security and reviews before choosing one. This is because many people have lost their coins due to an insecure wallet. You can always ask a friend or someone who uses an anonymous wallet to be sure. Also, ask for how long they’ve been using it. Also, the duration of the wallet’s existence should be considered.

Most people love to have control over their wallets, and that’s one of the major reasons for looking into having an anonymous wallet. Anonymous wallet gives you full control of your trade with no third-party monitoring it. There are several applications that says they’re anonymous, but end up not being anonymous. And that’s why we’ve made available a list of the top anonymous wallet for you to store your coins. Although some of these wallets only accept bitcoin while some accept Altcoins as well. I mean, you can have more than two different options.

There are many ways to keep an anonymous wallet. But an anonymous software wallet is what we’ll be talking about first. Using software bitcoin wallet is one of the easiest ways to store Bitcoin anonymously. All the users need to do is simply download the Bitcoin wallet on their phone, laptop, or another internet device.

There are good numbers of anonymous btc wallets, let’s go through 6 of the best ones available.

Electrum

Electrum is the first system wallet we’ll be talking about on our list. This is because they’ve been around for over seven years now. Electrum wallet is free, and downloadable on Windows and Linux OS. Sending bitcoin on this space is easier than normal. When you want to send Bitcoin from this space, all you have to do is enter the receiver’s address, followed by the number of bitcoin you want to send.

Another interesting thing about electrum is that they only charge a small fee for your transaction when sending coins. And we can say that’s okay enough and reasonable. This is because it’s like paying a small amount for the safety of your larger holdings. The other thing electrum will provide you is a backup pin in case you lose your key; you can easily gain access to it again. As long as you keep the two safe, then you can’t have any issues.

Source: Coincentral

Bread

Source: CryptoNinjas

Just like you can have your anonymous bitcoin wallet on pc, you can have it on your mobile. Bread is one of the best anonymous bitcoin wallets you can have on your mobile phone. Both iPhone and Android users can have access to this application through their app store. The best part of using Bread is that when you create an account and have a pin, you’ll be given 12 random words, and they’re there for backup just in case you forgot your passcode.

Ever heard about the QR code for scanning? Now that makes even adding a contact on WhatsApp easier, locating people’s Instagram accounts without remembering their name.

You can make payment through QR code on Bread without having to know their other details. Bread also allows you to log in with your fingerprints, and that’s what most traders have been yearning for. Traders want an application that allows them to access their wallets through touch ID. It makes it faster and more convenient for them. But note that it’s the only Bitcoin, Bitcoin Cash, and Ethereum that you can store on this wallet. When you have other coins to save, you’ll have to put them elsewhere.

BitLox

The next stop on our list is BitLox. We’re making it the 3rd anonymous bitcoin wallet on our list because of the extra length they took on security and privacy issues. Your IP address is always protected. Transactions are secured and safe; you don’t have to worry about insecurities. That’s why we made it our number 3.

Edge

The next anonymous wallet on our list is the Edge. Just like its name applies, it gave an edge to ios users over android users because it’s available only on IOS. The codes are encrypted, giving you the confidence and assurance that your codes and transactions are safe and not accessed by a third party. You can also use the wallet on multiple devices because of the backup option.

Ledger nano series

Ledger nano series is the 5th anonymous wallet on our list. This wallet works like Bread wallet which we mentioned earlier. It allows you to have a backup password and easily access your account when you forget your code. This wallet is compatible with both pc and mobile. They charge for the transfer of coins too, but it’s worth it because of their security performance.

Samourai wallet

The last on our list of 6 top anonymous wallets is the Samourai wallet. However, it’s an android only wallet which has been around for a while. It has given Android users so much through its amazing secure and safe system. The wallet has an inbuilt VPN to keep your IP address secure.

All the listed anonymous bitcoin wallets above are only a few amongst the many anonymous bitcoin wallets available. But based on reviews and user experience, we made a list of some of the best. However, whenever you want to use an anonymous wallet, you should be sure what you’re trying to protect is truly protected.

Source: https://blocknewsafrica.com/anonymous-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=anonymous-bitcoin

Blockchain

Members of WallStreetBets Forum Alleged in Telegram Crypto Scam Stealing $2M in BNB and ETH

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Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally.

The Core of the Hoax

Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A particular account by the name of ”WallStreetBets – Crypto Pumps” presented users the chance to purchase a new token certified as WSB Finance before it was listed on crypto exchanges. The operation is known as a pre-mine sale.

The essence of the fraud was connected to the recent cryptocurrency boom as bitcoin and most altcoins skyrocketed in value lately. With some of the digital assets reaching 1,000% gains, the targeted WSB members conned investors into sending money without asking questions and with the potential of netting huge profits.

The notorious account also urged users to transfer popular cryptocurrencies such as Binance Coin (BNB) and Ethereum (ETH) to a designated crypto wallet and then to reach its ”token bot” to gain WSB Finance coins.

However, the perpetrators never dispatched those coins. Furthermore, another message on Telegram revealed that the people who had already issued a payment had to send an equivalent amount again or they would risk losing their initial investment.


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The Aftermath

After executing the hoax, more than 3,451 Binance Coins were withdrawn on Tuesday (May, 4th) from the wallet inside the Crypto Pumps messages.

Since the price of BNB at that point was approximately $625, the fraud caused losses of more than $2.1 million. Following the scam, thousands of people expressed their frustration and tried to expose the individuals behind the account. Moreover, the quantity of the other cryptocurrency – ether – still remains a mystery.

Two weeks ago WSB admins warned about offers that might try to take advantage of the forum’s name in order to allure the crypto audience. The ”WallStreetBets – Crypto Pumps” account has been removed from Telegram but whoever managed it left a message that might stun the affected victims:

”Buying Lambo now.”

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Source: https://cryptopotato.com/members-of-wallstreetbets-forum-alleged-in-telegram-crypto-scam-stealing-2m-in-bnb-and-eth/

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Blockchain

South Korean Crypto Exchange Accused Of $1.5 Billion Scam

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The South Korean cryptocurrency exchange platform V Global was accused of luring 40,000 people into illicit multi-level deceit. The entire scheme amounts to more than 1.7 million won, which equals $1.5 billion.

The Investigation

As reported by the Korean officials, the police raided many places in the country related to a virtual cryptocurrency exchange, and its notorious CEO – known as LEE – alleged to fundraising without regulatory permission. The authorities blocked the exchange’s cash deposits as a part of the investigation.

In total, the Gyeonggy Nambu Police Agency reported that it searched the exchange’s headquarters in southern Seoul along with 21 other places and froze more than $214 million left in the account.

Another report from today shed more light on the developments. According to Yonhap News, the name of the organization is V Global. The Korean police are examining the accusations against them for fraud under the Certain Economic Crimes Weighted Penalty Act, the Similar Receiving Act, and the door-to-door sales business.

The main accusation against the exchange is gaining a deposit of 1.7 trillion won ($1.5 billion) from 40,000 members in the period between August 2020 and January 2021. The announcement revealed that most of the people were elderly or housewives with no experience in cryptocurrency trading.


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Too Good To Be True

The investigation revealed that the exchange urged investors to entrust their funds to an account and lured the members that the expected return would be three times higher than the initial investment. According to the authorities, there was a pyramid element in the scam as the exchange promised to grant an introduction fee of 1.2 million won ($1,065) for every newly recruited member.

The report affirmed that the trading venue paid some members in the form of a block. Therefore, people who signed up earlier received funds from individuals who entered the exchange later.

Moreover, the Korean police seem confident to deal with the fraud case as it revealed its intention to confiscate 240 billion won ($214 million) left in the V Global account as of the 15th last month, even before the prosecution process.

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Source: https://cryptopotato.com/south-korean-crypto-exchange-accused-of-1-5-billion-scam/

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Blockchain

Georgia’s central bank is exploring ‘Digital Gel’ CBDC

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The National Bank of Georgia said that it is considering launching a central bank digital currency.

In an announcement today, the central bank hinted at the issuance of a central bank digital currency, or CBDC, in an effort “to enhance efficiencies of the domestic payment system and financial inclusion.” The National Bank of Georgia, or NBG, said it would be inviting fintech firms and other financial institutions to participate in the project, named Digital Gel after the symbol for the country’s fiat currency, the lari.

“CBDC holds the promise to unlock the tremendous value of innovative business models for the benefit of society,” said the announcement. “The introduction of CBDC could increase financial intermediation efficiency, help introduce new financial technologies, facilitate financial inclusion, and reach previously unbanked populations.”

However, the bank mentioned the possibility of risks in the launch of a CBDC in the Republic of Georgia given the “new and potentially disruptive technology.” The NBG said it may conduct extensive testing of the CBDC in a controlled environment to ensure a smooth rollout, but did not provide any details regarding a timeline for launch.

With a population of roughly 4 million and a gross domestic product of approximately $15 billion, a nation like Georgia falls at the smaller end of countries exploring CBDCs. The Bahamas officially rolled out its Sand Dollar central bank digital currency in October, while China has been piloting its digital yuan in select cities prior to a full-scale launch. In the United States, Fortune 500 company Accenture announced this week it would be partnering with the Digital Dollar Foundation to conduct CBDC trials.

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Source: https://cointelegraph.com/news/georgia-s-central-bank-is-exploring-digital-gel-cbdc

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