Choosing a Safe Wallet for Cryptocurrency

[Man]

I will tell you about my preferences and recommend the best options to you.

Hello everyone, dear friends!
Very often I get questions like this:

• "What cryptocurrency do you recommend for payments?"
• "What is the best wallet to use?"

In general, I decided to tell you about my preferences. First, briefly, and then we'll go into a little more detail.

For payments, I recommend using Monero with Cake Wallet (available on Android and iOS).

If you have to use Bitcoin, then use the Wasabi Wallet (on a computer) and Samourai (on Android), for iPhone users I recommend using Cake Wallet (not long ago this wallet became multi-currency and in addition to Monero also supports Bitcoin, Litecoin and Haven ).

All of the above wallets all use a built-in mixer, however the minimum amounts required for mixing vary greatly between these wallets, so be careful.

I also use (and recommend) Antinalysis to understand the degree of "dirtiness" of the bitcoins that come to me. It is the only service of its kind that shows the history of bitcoin and its degree of "dirtiness" and is available anonymously.

Now let's go into a little more detail...

Monero and Cake Wallet​

First of all, what's so good about Monero?​

The Monero (XMR) cryptocurrency was created on the basis of the ByteCoin token blockchain, developed in 2014. ByteCoin is the first cryptocurrency to use the CryptoNote protocol. This protocol includes mechanisms that make the blockchain completely anonymous.

So far, most of the Monero developers have not revealed their names.

Simply put, it is a private, decentralized cryptocurrency that ensures the privacy and security of your finances.

Why can I recommend Cake Wallet?​

It's simple: this is the most convenient and proven solution for most of you. Even the Monero developers themselves recommend it on their website.

Moreover, as I said above, the wallet has recently become multi-currency and in addition to Monero, it supports Bitcoin, Litecoin and Haven.

Among other advantages, I can highlight the following:

• Open source code
• Built-in exchange function. You can easily exchange: XMR, BTC, ADA, BCH, BND, DAI, DASH, EOS, ETH, LTC, TRX, USDT, USDT ERC20, XLM, XRP
• Possibility to buy BTC directly in the application
• Create multiple wallets and accounts
• Ability to view your XMR, BTC, LTC and XHV values in the fiat currency of your choice

You can download Cake Wallet on the official website: cakewallet.com

Wasabi Wallet​

Wasabi Wallet is an anonymous decentralized wallet for storing Bitcoin cryptocurrency. It is presented as a desktop application for Windows, Linux and MacOS operating systems. It has a completely open source code. The main feature of the service is the built-in CoinJoin technology for anonymizing transactions.

The wallet is integrated with Tor. When logging into the crypto wallet, the software automatically connects users to the Bitcoin network using onion routing (connections with multiple encryption) through 3 random proxies (intermediate servers).

Built-in mixing. As I wrote above, the crypto storage implements the Bitcoin concept of CoinJoin. The corresponding option allows you to confuse the history of funds movement by mixing BTC from different peering nodes in one transaction, which increases the anonymity of each individual client.

You can download the Wasabi Wallet on the official website: wasabiwallet.io

Samourai Wallet​

Samourai Wallet is a modern Bitcoin wallet for Android that was created to keep your transactions private, your identity hidden, and your funds safe.

Safety:

• Military-grade encryption - Samourai is encrypted on the phone using AES-256;
• BIP 44 and BIP 39 Security - Samourai generates a BIP 39 passphrase when creating a wallet, enhancing its security;
• Secure PIN login - use a 5-8 digit PIN to access your wallet;
• Manage your private keys - private keys are created and stored on your device and are never shared with any server or anyone;
• Certificate Usage - Protects HTTPS websites from using fake certificates issued by compromised certificate authorities.

Confidentiality:

• No Address Reuse - Samourai never reuses addresses and never shares valuable metadata about you;
• Randomized change outputs - This is the only wallet that randomizes the number of change outputs for each send, making it difficult to collect wallet address metadata;
• Deterministic Input/Output Positioning - Samourai deterministically positions the inputs/outputs of each transaction after sending, reducing the efficiency of on-chain tracking;
• Avoid linking previous change outputs - Samourai analyzes all previous transactions before creating a new transaction to ensure it does not leak valuable metadata about you and your wallet;
• Tor and VPN Support - Samourai supports Tor and VPN, allowing you to route all transactions through an anonymous IP address.

Additional features:

• Bitcoin Network Health Monitoring - Samourai actively monitors the Bitcoin network health, alerting you when transactions may be slower to confirm and informing you of the current required miner fee to quickly confirm a transaction;
• Send in the currency you need - Instant currency conversion makes sending BTC easy;
• Smart Miner Fees - Samourai offers three different ways to pay your miner: Automatic (using a smart algorithm to determine the fee), Priority (during network outages to ensure quick confirmation) and Custom (setting a fee of your choice);
• Blockchain Obfuscation - Samourai offers three different presets that provide 3 levels of obfuscation: simply sending a basic HD transaction (without adding obfuscation), Samourai (for sending a transaction using decoy change addresses), and CoinJoin Simulation (for sending a transaction that is indistinguishable from a CoinJoin transaction on the blockchain);
• Export your wallet anywhere, anytime - you can export your wallet to any BIP 39 and BIP 44 compliant Bitcoin wallet;
• Restore any HD wallet - you can restore an existing HD wallet from any wallet provider with or without BIP 39 passphrase;
• Choose your currency - view transactions and send them in your local currency;
• Selecting any Block Explorer - The most popular block explorers are available for viewing transactions on the web.

You can download Samourai Wallet on the official website: samouraiwallet.com

That's all for today. Enjoy using it!

 

[Olisco]

Could you share the link to antianalysis? I couldn't find it.