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Home Cryptocurrencies Privacy Coins and Cryptocurrencies

Best Privacy Coins and Cryptocurrencies
February 2023

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 Staking Yield
Monero logo XMR
Monero
$177.78
-0.2% arrow down 24 Hr
Buy
Go
3%
APY
Zcash logo ZEC
Zcash
$44.46
-1.2% arrow down 24 Hr
Buy
Go
0.3%
APY
Dash logo DASH
Dash
$60.22
-2.5% arrow down 24 Hr
Buy
Go
5.5%
APR
Decred logo DCR
Decred
$22.53
-0.2% arrow down 24 Hr
Buy
Go
3.5%
APY
Oasis Network logo ROSE
Oasis Network
$0.05
-1.5% arrow down 24 Hr
Buy
Go
0.3%
APY
Keep Network logo KEEP
Keep Network
$0.23
23.5% arrow up 24 Hr
Buy
Go
1%
APY
iExec RLC logo RLC
iExec RLC
$1.68
2% arrow up 24 Hr
Buy
Go
3.67%
APY
Horizen logo ZEN
Horizen
$10.16
0.7% arrow up 24 Hr
Buy
Go
0.3%
APY
SCRT
Secret
$0.75
-2.6% arrow down 24 Hr
Buy
BDX
Beldex
$0.04
-0.5% arrow down 24 Hr
Buy
MOB
MobileCoin
$1.22
-20.5% arrow down 24 Hr
Buy
Go
1%
APY
SNT
Status
$0.03
8.5% arrow up 24 Hr
Buy
Go
2.89%
APY
ARRR
Pirate Chain
$0.43
-3.6% arrow down 24 Hr
Buy
PHA
Phala Network
$0.15
3.6% arrow up 24 Hr
Buy
Go
3.43%
APY
DERO
Dero
$4.87
-0.4% arrow down 24 Hr
Buy
DUSK
Dusk Network
$0.15
2.1% arrow up 24 Hr
Buy
Go
0.5%
APY
XVG
Verge
$0.003
1% arrow up 24 Hr
Buy
Go
2%
APY
VRSC
VerusCoin
$0.52
-1.8% arrow down 24 Hr
Buy
FIRO
Firo
$2.07
-2.4% arrow down 24 Hr
Buy
Go
5%
APY
XHV
Haven Protocol
$0.77
1.4% arrow up 24 Hr
Details
XFT
Offshift
$2.29
21.6% arrow up 24 Hr
Buy
PIVX
PIVX
$0.26
-3.8% arrow down 24 Hr
Buy
Go
0.5%
APY
FOX
Shapeshift FOX Token
$0.04
-0.9% arrow down 24 Hr
Buy
PART
Particl
$1.11
6.8% arrow up 24 Hr
Buy
HOPR
HOPR
$0.06
1% arrow up 24 Hr
Buy
SERO
Super Zero Protocol
$0.03
-4.4% arrow down 24 Hr
Details
APL
Apollo Currency
$0.000535
0.1% arrow up 24 Hr
Details
VTC
Vertcoin
$0.17
2.4% arrow up 24 Hr
Buy
MWC
MimbleWimbleCoin
$1.04
20.2% arrow up 24 Hr
Buy
OXEN
Oxen
$0.17
-0.2% arrow down 24 Hr
Buy
FRA
Findora
$0.0016
11.4% arrow up 24 Hr
Buy
ZANO
Zano
$0.50
15.9% arrow up 24 Hr
Buy
BCN
Bytecoin
$3.8E-5
-3.8% arrow down 24 Hr
Buy
EPIC
Epic Cash
$0.52
-7.5% arrow down 24 Hr
Buy
GRIN
Grin
$0.07
-0.7% arrow down 24 Hr
Buy
BEAM
Beam
$0.06
9.5% arrow up 24 Hr
Buy
CRP
Crypton
$0.62
0.1% arrow up 24 Hr
Buy
NAV
Navcoin
$0.06
-4.7% arrow down 24 Hr
Buy
COLX
ColossusXT
$0.00023
0.3% arrow up 24 Hr
Buy
WOW
Wownero
$0.04
4.7% arrow up 24 Hr
Buy
SIB
SIBCoin
$0.13
0.3% arrow up 24 Hr
Buy
BTCP
Bitcoin Private
$0.55
-4.5% arrow down 24 Hr
Buy
BLANK
BlockWallet
$0.11
3.1% arrow up 24 Hr
Buy
CLOAK
CloakCoin
$0.44
25.2% arrow up 24 Hr
Buy
GHOST
Ghost
$0.10
-4.1% arrow down 24 Hr
Buy
SFT
Safex Token
$0.00109
10% arrow up 24 Hr
Details
BTCZ
BitcoinZ
$0.000138
-2.7% arrow down 24 Hr
Buy
AEON
Aeon
$0.10
-30.1% arrow down 24 Hr
Buy
XLA
Scala
$0.000143
168.9% arrow up 24 Hr
Buy
SUTER
suterusu
$0.000382
-13% arrow down 24 Hr
Buy
CCX
Conceal
$0.06
-3.7% arrow down 24 Hr
Buy
SUMO
Sumokoin
$0.02
-3.7% arrow down 24 Hr
Buy
ONION
DeepOnion
$0.04
-5.5% arrow down 24 Hr
Buy
DAPS
DAPS Coin
$1.16E-5
0.3% arrow up 24 Hr
Buy
HUSH
Hush
$0.05
2.7% arrow up 24 Hr
Details
RAZE
Raze Network
$0.00456
2.6% arrow up 24 Hr
Buy
BLKC
BlackHat
$0.06
-16.8% arrow down 24 Hr
Buy
KRB
Karbo
$0.05
8.4% arrow up 24 Hr
Buy
UTU
UTU Protocol
$0.00383
1% arrow up 24 Hr
Details
CVN
CVCoin
$0.10
0% 24 Hr
Details
ZCL
ZClassic
$0.07
-1.6% arrow down 24 Hr
Buy
PRCY
PRivaCY Coin
$0.02
-12.3% arrow down 24 Hr
Buy
IRD
Iridium
$0.01
5.9% arrow up 24 Hr
Buy
SFX
Safex Cash
$0.00113
5.2% arrow up 24 Hr
Details
VEIL
Veil
$0.00301
0.2% arrow up 24 Hr
Buy
TRTL
TurtleCoin
$2.54E-6
-3% arrow down 24 Hr
Buy
NIX
NIX
$0.00418
-0.3% arrow down 24 Hr
Details
ZER
Zero
$0.01
-47.2% arrow down 24 Hr
Buy
XST
Stealth
$0.0039
-0% arrow down 24 Hr
Buy
KURT
Kurrent
$0.00253
0.3% arrow up 24 Hr
Details
PLURA
PluraCoin
$0.000134
0.4% arrow up 24 Hr
Buy
LTHN
Lethean
$0.00015
34.8% arrow up 24 Hr
Buy
MSR
Masari
$0.00764
-9.3% arrow down 24 Hr
Buy
BC
Bitcoin Confidential
$1.23E-5
-5.6% arrow down 24 Hr
Buy
XWP
Swap
$0.00463
-1.7% arrow down 24 Hr
Buy
ENG
Enigma
$0.00451
-2.1% arrow down 24 Hr
Buy
PHR
Phore
$0.00176
-53.2% arrow down 24 Hr
Buy
ANC
Anoncoin
$0.00897
0.3% arrow up 24 Hr
Details
AXE
Axe
$0.00301
0.3% arrow up 24 Hr
Buy
OGO
Origo
$3.0E-5
-71.6% arrow down 24 Hr
Buy
BTCN
BitcoiNote
$0.00255
0% 24 Hr
Details
NYM
NYM
$0.28
19.6% arrow up 24 Hr
Buy
CVCC
CryptoVerificationCoin
$0.000212
0% 24 Hr
Details
PORTX
ChainPort
$0.04
-3% arrow down 24 Hr
Buy
WSCRT
Secret (ERC20)
$0.81
-1.9% arrow down 24 Hr
Buy
PHOON
Typhoon Cash
$1.05
0.1% arrow up 24 Hr
Details
ALIAS
Alias
$0.01
-8.5% arrow down 24 Hr
Buy

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.

Privacy Coin Comparisons

Article by Yunis
30 June 2021 (Updated 1 February 2023)
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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