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Home Cryptocurrencies Privacy Coins and Cryptocurrencies

Best Privacy Coins and Cryptocurrencies
April 2024

Privacy coins and cryptocurrencies help people move funds anonymously. Bitcoin, Ethereum, and other major blockchains run on public distributed ledgers and all transactions on the blockchain are public. Transactions are untraceable on privacy blockchains and networks. Below is a list of the best privacy cryptos.
Symbol Coin Name Price 7 Day Chart Highest CeFi Yield Highest DeFi Yield
Internet Computer logo ICP
Internet Computer
$14.98
-1.7% arrow up arrow down 24 Hr
0.5%
APY
Monero logo XMR
Monero
$132.33
-0.9% arrow up arrow down 24 Hr
1.83%
APY
Worldcoin logo WLD
Worldcoin
$6.41
0% arrow up arrow down 24 Hr
Oasis Network logo ROSE
Oasis Network
$0.11
0.2% arrow up arrow down 24 Hr
0.29%
APY
Zcash logo ZEC
Zcash
$25.92
3.3% arrow up arrow down 24 Hr
0.29%
APY
OriginTrail logo TRAC
OriginTrail
$1.02
5.1% arrow up arrow down 24 Hr
0x0.ai logo 0x0
0x0.ai
$0.32
0% arrow up arrow down 24 Hr
Beldex logo BDX
Beldex
$0.04
-3.1% arrow up arrow down 24 Hr
RLC
iExec RLC
$3.09
-1% arrow up arrow down 24 Hr
3.66%
APY
KEEP
Keep Network
$0.21
1.2% arrow up arrow down 24 Hr
1%
APY
DUSK
Dusk
$0.41
0.5% arrow up arrow down 24 Hr
0.49%
APY
SNT
Status
$0.05
-9.5% arrow up arrow down 24 Hr
2.89%
APY
PHA
Phala Network
$0.22
-3.8% arrow up arrow down 24 Hr
3.42%
APY
MWC
MimbleWimbleCoin
$14.71
47.4% arrow up arrow down 24 Hr
NYM
NYM
$0.22
0% arrow up arrow down 24 Hr
SCRT
Secret
$0.54
3.2% arrow up arrow down 24 Hr
ERG
Ergo
$1.63
2.6% arrow up arrow down 24 Hr
VRSC
VerusCoin
$1.05
-6.1% arrow up arrow down 24 Hr
DERO
Dero
$4.16
4.6% arrow up arrow down 24 Hr
ARRR
Pirate Chain
$0.28
4.4% arrow up arrow down 24 Hr
HOPR
HOPR
$0.15
-4% arrow up arrow down 24 Hr
FOX
Shapeshift FOX Token
$0.10
0.9% arrow up arrow down 24 Hr
ZANO
Zano
$3.36
-1.4% arrow up arrow down 24 Hr
PIVX
PIVX
$0.46
0.3% arrow up arrow down 24 Hr
0.5%
APY
ABEL
Abelian
$0.46
0% arrow up arrow down 24 Hr
FIRO
Firo
$1.89
-1.8% arrow up arrow down 24 Hr
4.99%
APY
MOB
MobileCoin
$0.09
3.2% arrow up arrow down 24 Hr
0.99%
APY
BEAM
Beam
$0.09
-3.1% arrow up arrow down 24 Hr
FRA
Fractal Network
$0.00113
-2.6% arrow up arrow down 24 Hr
OXEN
Oxen
$0.16
-1.4% arrow up arrow down 24 Hr
UFI
PureFi Protocol
$0.16
15.1% arrow up arrow down 24 Hr
COLX
ColossusXT
$0.000688
-0.8% arrow up arrow down 24 Hr
BLOCX
BLOCX.
$0.13
0% arrow up arrow down 24 Hr
SFT
Safex Token
$0.0011
15.4% arrow up arrow down 24 Hr
BCN
Bytecoin
$3.5E-5
-7.2% arrow up arrow down 24 Hr
AEON
Aeon
$0.07
-0.9% arrow up arrow down 24 Hr
GRIN
Grin
$0.06
5.5% arrow up arrow down 24 Hr
WOW
Wownero
$0.08
-1.2% arrow up arrow down 24 Hr
PART
Particl
$0.38
16.4% arrow up arrow down 24 Hr
WSI
WeSendit
$0.02
0% arrow up arrow down 24 Hr
EPIC
Epic Cash
$0.22
-0.6% arrow up arrow down 24 Hr
VTC
Vertcoin
$0.05
-0.6% arrow up arrow down 24 Hr
CCX
Conceal
$0.05
2.8% arrow up arrow down 24 Hr
CRP
Crypton
$0.35
-0.1% arrow up arrow down 24 Hr
XHV
Haven Protocol
$0.08
-1.6% arrow up arrow down 24 Hr
BTCP
Bitcoin Private
$0.37
2.8% arrow up arrow down 24 Hr
TEER
Integritee Network
$0.67
2.5% arrow up arrow down 24 Hr
GHOST
Ghost
$0.09
169.9% arrow up arrow down 24 Hr
SERO
Super Zero Protocol
$0.00454
-0.1% arrow up arrow down 24 Hr
XLA
Scala
$4.64E-5
-0.6% arrow up arrow down 24 Hr
SUTER
suterusu
$0.000414
0.4% arrow up arrow down 24 Hr
CVN
CVCoin
$0.10
0% arrow up arrow down 24 Hr
APL
Apollo Currency
$6.83E-5
-2.3% arrow up arrow down 24 Hr
BTCZ
BitcoinZ
$9.64E-5
-6.5% arrow up arrow down 24 Hr
XFT
Offshift [Old]
$0.61
4.8% arrow up arrow down 24 Hr
NIX
NIX
$0.02
-1.4% arrow up arrow down 24 Hr
IRD
Iridium
$0.01
0.9% arrow up arrow down 24 Hr
ZCL
ZClassic
$0.07
0.2% arrow up arrow down 24 Hr
UTU
UTU Protocol
$0.00662
47.2% arrow up arrow down 24 Hr
SUMO
Sumokoin
$0.00912
3.7% arrow up arrow down 24 Hr
CLOAK
CloakCoin
$0.09
-3.8% arrow up arrow down 24 Hr
BLANK
BlockWallet
$0.03
0.5% arrow up arrow down 24 Hr
ZER
Zero
$0.04
-90.7% arrow up arrow down 24 Hr
BLKC
BlackHat
$0.03
-2.2% arrow up arrow down 24 Hr
VEIL
Veil
$0.00595
6.9% arrow up arrow down 24 Hr
RAZE
Raze Network
$0.0034
3% arrow up arrow down 24 Hr
HUSH
Hush
$0.03
-0% arrow up arrow down 24 Hr
SFX
Safex Cash
$0.0011
-6.8% arrow up arrow down 24 Hr
PLURA
PluraCoin
$4.82E-5
3.4% arrow up arrow down 24 Hr
LTHN
Lethean
$0.000185
-14% arrow up arrow down 24 Hr
DAPS
DAPS Coin
$4.0E-6
-26.9% arrow up arrow down 24 Hr
PRCY
PRivaCY Coin
$0.0067
-0.3% arrow up arrow down 24 Hr
XWP
Swap
$0.00523
-0.3% arrow up arrow down 24 Hr
PHR
Phore
$0.00283
38.8% arrow up arrow down 24 Hr
BC
Bitcoin Confidential
$6.92E-6
-0.1% arrow up arrow down 24 Hr
AXE
Axe
$0.000688
-0.9% arrow up arrow down 24 Hr
MASA
Masa
$0.32
0% arrow up arrow down 24 Hr
LAI
LayerAI
$0.04
0% arrow up arrow down 24 Hr
BTCN
BitcoiNote
$0.00255
0% arrow up arrow down 24 Hr
CVCC
CryptoVerificationCoin
$0.01
-1.1% arrow up arrow down 24 Hr
LOCK
Houdini Swap
$0.77
0% arrow up arrow down 24 Hr
ENG
Enigma
$0.02
-9.1% arrow up arrow down 24 Hr
WHIRL
Whirl
$1.16
0% arrow up arrow down 24 Hr
PORTX
ChainPort
$0.0093
0% arrow up arrow down 24 Hr
MORSE
Morse
$0.17
0% arrow up arrow down 24 Hr
PHOON
Typhoon Cash
$0.01
0% arrow up arrow down 24 Hr
ANC
Anoncoin
$0.06
-0% arrow up arrow down 24 Hr
GUISE
GUISE
$0.02
0% arrow up arrow down 24 Hr
KRB
Karbo
$0.03
1.9% arrow up arrow down 24 Hr
ALIAS
Alias
$0.02
10.3% arrow up arrow down 24 Hr
TRTL
TurtleCoin
$3.48E-5
0.5% arrow up arrow down 24 Hr
MSR
Masari
$0.00263
0.4% arrow up arrow down 24 Hr
WSCRT
Secret (ERC20)
$0.25
-0.5% arrow up arrow down 24 Hr
OGO
Origo
$0.00012
-75.8% arrow up arrow down 24 Hr
XST
Stealth
$0.03
-0% arrow up arrow down 24 Hr
SIB
SIBCoin
$0.09
8.1% arrow up arrow down 24 Hr
KURT
Kurrent
$0.00138
-0.8% arrow up arrow down 24 Hr
ONION
DeepOnion
$0.06
48.5% arrow up arrow down 24 Hr

Privacy Coins

Bitcoin created a new transparent financial system since it went live in 2009. The new financial system is still being built on blockchain technology. Anyone with an internet connection can see the entire transactions and blocks on the Bitcoin blockchain. Most blockchains adopted the same way, and blockchain gained popularity among the decentralized new financial system enthusiasts.

There are websites called block explorer. Individuals can scan and screen all transactions with details, including the sender’s and receiver’s wallet addresses, the amount of the funds, time, and date. Privacy coins stand out with their privacy features. Users can completely or partly hide information about their actions on the blockchain.

Since the post-pandemic crypto market boom, all eyes have turned on the regulators. Many countries took steps to adapt or limit blockchain technology. El Salvador is the first country to accept Bitcoin as a legal tender. Bitcoin can be used as a legal currency in El Salvador now. Other countries are planning to adopt or legalize Bitcoin as a legal tender.

Some other countries are also trying to ban or limit Bitcoin use. China’s ban on cryptocurrencies let crypto markets crash in 2021. While some countries ban or restrict Bitcoin use, some countries are trying to regulate the crypto market because policymakers are aware of the blockchain technology’s inevitable success. Regulating crypto markets became a hot topic, especially after the Russian invasion of Ukraine. Western countries promptly started working on cryptocurrency regulations. Thus privacy coins gained popularity in 2022.

What are Privacy Coins?

Privacy coins are cryptocurrencies built on a blockchain that provides anonymity with transactions. Privacy Coins obscure and obfuscate details of transactions on the blockchain, unlike others. Transactions are untraceable. Anonym transactions allow users to hide their wallet addresses and other information. Sender’s and receiver’s information stay anonymous when using privacy coins.

Monero and Zcash are good examples of privacy coins. The major difference between them is the ability to have options to turn on and off privacy options. Zcash allows users to make a transaction in full confidentiality and provides options to unveil some details depending on user preference. Monero blockchain doesn’t have optional privacy futures and runs on complete privacy. Zcash blockchain uses zero knowledge proof method to comply with full privacy.

Are privacy coins legal?

Privacy coins are a big matter of debate nowadays. Regulators don’t want individuals to use privacy coins because it is almost impossible to track records on privacy coin blockchains. Some countries, including Australia and South Korea, have already banned centralized exchanges for listing privacy coins. Japanese authorities banned privacy coins completely.

Is Bitcoin or Ethereum privacy coin?

The direct answer to this question is «NO». Bitcoin and Ethereum use distributed ledgers, and their blockchains are entirely transparent. Anyone with an internet connection can see the entire transactions on the blockchain with the details of the receiver’s and sender’s wallet addresses because transactions are traceable. Users can not stay anonymous, especially when they want to exchange their Bitcoin or Ethereum for fiat currency.

Methods for untraceability

Privacy coin networks and blockchains use different methods to sustain privacy. Using stealth addresses is a way to hide the sender’s information. This method allows senders to generate a new wallet public address for each transaction. By using this feature, the sender’s identity can stay hidden. Monero uses the stealth addresses feature in a little improved way. It is called dual-key stealth address protocol.

Another method that privacy coins use is CoinJoin. CoinJoin method works like a mixer. CoinJoin creates a bundle from different transactions and merges them into one. Multiple parties must sign a smart contract to build a new transaction. For example, ten different users send Bitcoin to ten different receivers. Senders send to the privacy protocol’s wallet, and then funds are distributed from the protocol’s wallet.

Zk-Snarks is a scorching topic and an up-and-coming method for privacy coins. This method allows users to complete transactions without revealing any information. You can visit zero knowledge proof coins page to learn more about this method.

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Article by Yunis
30 June 2021 (Updated 12 April 2024)
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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© DeFinda 2024
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