What is an Anonymous Crypto Wallet? 10 Best Options for Privacy

Curious about how to buy, store, or use cryptocurrency without revealing your identity? You’re not alone. Privacy is a top priority for many in the crypto world. Even Bitcoin’s mysterious founder, Satoshi Nakamoto, remains anonymous to this day. 

However, it’s important to note that blockchain itself isn’t anonymous. It’s a public ledger. So even though no one will know who the wallet belongs to (unless it’s been doxxed), anyone and everyone can still see what every wallet is doing. 

But that’s what most of us are after, right? It’s no one else’s business what we do and what we spend our money on. At least, it shouldn’t be.

While cryptocurrency offers certain levels of privacy by design, not all wallets are created equal. Let’s dive into what an anonymous crypto wallet is, why they matter, and the 10 best anonymous crypto wallets to consider if you’re looking to protect your identity while navigating the crypto universe. Let’s get after it.

What is an Anonymous Crypto Wallet? 

An anonymous crypto wallet is a digital wallet designed to keep your cryptocurrency transactions private and your identity secure. 

Unlike standard centralized wallets (such as Coinbase and Binance), which often require personal information for account setup (known as KYC, or “Know Your Customer” requirements), anonymous wallets either bypass this process or minimize your digital footprint. 

Anonymous wallets utilize advanced privacy features, including encryption and decentralized networks, to keep your transactions (mostly) untraceable. This is particularly important for users who prioritize financial privacy and security above all else. 

Reasons You Might Need an Anonymous Crypto Wallet 

Staying anonymous while using cryptocurrency might not seem essential for everyone, but here are some specific scenarios where anonymity can be crucial. 

Financial Privacy 

Do you want an anonymous crypto wallet because you live in a country with a corrupt government? Maybe banks that are covertly run by criminals? 

When using an anonymous wallet, you can keep your transactions hidden from third-party companies, prying eyes, or even government surveillance. Your financial history is fully encrypted, and your purchases remain private. 

Security Reasons 

Maybe you want to set up an anonymous crypto wallet because something has you spooked.

Publicly sharing your cryptocurrency activities exposes you to risks, including hacking, scams, and targeted wrench attacks. An anonymous wallet reduces the likelihood of becoming a target by safeguarding your personal and financial data. 

Resistance Against Censorship 

Living in a restrictive regime? Untraceable transactions allow you to maintain financial freedom when certain actions (like sending funds abroad or supporting a business) face government-imposed limitations or scrutiny. 

To Support Political or Social Causes Privately 

Want to donate to causes without facing backlash or judgment? It’s illegal in some countries to be gay, atheist, chew gum, or even wear camo. Anonymous wallets grant you the power to back charities, organizations, or movements discreetly — where that act could otherwise land you in the slammer — or at least with a hefty fine to pay.

You Travel a Lot 

Currency exchanges are a brutal racket that you can’t do anything about. On top of that, frequent travelers sometimes find themselves in locations where banking systems are unreliable or financial services are restricted. 

Anonymous wallets offer the flexibility to transact without unnecessary verifications that rely on local documents. 

Best Anonymous Crypto Wallets With No KYC 

If you’re looking for the most reliable, private, and user-friendly anonymous wallets, here are our top 10 picks for the best anonymous crypto wallet right now.

1. Wasabi Wallet 

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• Main Features: Privacy-focused Bitcoin wallet with built-in CoinJoin mixing technology and Tor integration. Translation? Transaction anonymity by blending your funds with others using Tor browser. No clue what Tor browser is? TLDR: It’s how you access the dark web… Here is one of our favorite features, directly from the website: “For example, if Alice pays you back for last nights pizza, then the label is Alice. This is an important feature for you and the wallet to know which coin is from whom, and it will help with your privacy in the future. Once this newly generated address receives some coins, Wasabi Wallet will automatically hide this used address, so you don’t reuse it by accident.” Pretty cool stuff.
• KYC Policy: Zero KYC required. 
• Pros:
  • Advanced privacy features 
  • Easy setup 
  • Completely open source
• Cons:
  • Only supports Bitcoin
• Best For: Hardcore privacy enthusiasts who only use Bitcoin. It’s completely open source, which can be a double-edge sword — such as potential support limitations. But overall, open source is something you want to look for when you’re researching how to have an anonymous crypto wallet.

2. Samourai Wallet 

• Main Features: Known for stealth mode, advanced encryption, and offline functionality. Samourai Wallet is built to prioritize privacy. Or rather…it was. The founders of this wallet were arrested in 2024 and indicted by the DOJ for alleged violations of the Bank Secrecy Act. The website has been seized, and the wallet is currently unusable.
• KYC Policy: Zero KYC required.
• Pros:
  • Stealth transactions 
  • Shielded from analytics tools 
• Cons:
  • Android-only availability 
• Best for: A blatant display of government overreach. Despite changes under the newest political regime in the US, the case remains in legal limbo. The defense attempted to have the case dismissed, but prosecutors unfortunately rejected the bid.

Check out this video if you’re interested in knowing more.

Samourai Wallet BOMBSHELL – Did the DOJ Hide Evidence? | Bitcoin Politics feat. Zack Shapiro

3. Electrum Wallet

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• Main Features: Lightweight, open-source wallet known for its speed and customizable privacy settings. Cold storage, multi-sig, and hardware wallet integration. It’s a beast. Don’t let the visuals fool you. It’s been around since 2011. There are major crypto companies that haven’t been around that long. And this thing is still kickin’.
• KYC Policy: No ID required. 
• Pros:
  • Fast setup 
  • Extensive privacy configuration 
  • Easy and simple interface.
• Cons:
  • Bitcoin only
• Best For: If you want the best anonymous crypto wallet, and all you do is mess around with Bitcoin, Electrum is likely your best bet. It’s been around since 2011, and only the creator and one other coder have the ability to make any changes, which requires both of them to sign off on. 

4. Phoenix Wallet 

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• Main Features: A simple and intuitive Lightning Network wallet that skips exhaustive setup. Also…cheaper transactions. And who doesn’t want that? The company behind it? ACINQ — one of the major players that contributed to the design of the Lightning Network itself. They’re a big deal.
• KYC Policy: No KYC. 
• Pros:
  • User-friendly interface — While Electrum is great, younger users who aren’t accustomed to the old-school basic setups may find it unappealing, which is where Phoenix shines. The whole FAQ section is exceptional.
  • No server needed — Should ACINQ, the company behind Phoenix, or even the Lightning Network disappear or be shut down, the website provides steps to guide users through the necessary actions. Pretty handy.
  • There is some customer support. However, like most things in crypto, it’s pretty limited.
• Cons:
  • Lightning-focused, which might not suit everyone’s needs 
  • Bitcoin only
  • ACINQ is well-known in the space. Which means there are a lot of eyes on what they do. Some users may not like that.
• Best For: Users who value speed and simplicity but want the most anonymous crypto wallet that still looks like it was created in the 21st century. 

5. BlueWallet 

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• Main Features: Offers on-chain and Lightning Network support with private keys fully controlled by the user. One of the newer wallets on our most anonymous crypto wallet list. Sometimes, newer really is better.
• KYC Policy: No KYC. 
• Pros:
  • Versatile privacy options 
  • Highly rated user experience 
  • Options for notifications
  • Users can add other wallets for “watch only” mode
  • Can create multiple storage in case of a forced disclosure. “Oh, you want to see my Bitcoin wallet? Sure. As you can see, I currently hold 0 BTC.”
• Cons:
  • Bitcoin only via the Lightning Network
  • Too many options for some — more options could mean multiple points of failure (potentially)
• Best For: Those who use the Lightning Network often. 

6. BitLox 

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• Main Features: A high-security hardware wallet. Comes with features like Bluetooth capability, roughly the size of a credit card, and only weighing 25 grams, an emergency PIN that can wipe all user data, and 100 possible wallets and hidden wallet capability. This thing is insane. 
• KYC Policy: No KYC necessary for wallet use. 
• Pros:
  • Immense security 
  • Durable hardware — the company claims the case is indestructible. Should we accept that challenge?
• Cons:
  • High initial cost 
  • Bitcoin only
• Best For: Advanced users willing to invest in robust hardware wallets. And why wouldn’t you if you’re taking your Bitcoin game seriously? This thing is practically unhackable if you set it up properly. The same can’t be said for your PC, phone, or tablet. Think about it.

7. Edge Wallet 

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• Main Features: A privacy-first wallet with client-side encryption, supporting multiple cryptocurrencies — over 100. That’s the biggest selling point for us. It’s one of the few wallets out there that are both privacy-focused and support a wide range of assets.
• KYC Policy: No user data storage and no KYC. 
• Pros:
  • Excellent for multi-currency management 
  • Beginner-friendly app – it’s probably the prettiest apps on our list, but that’s subjective.
• Cons:
  • Limited advanced features 
• Best For: Newcomers looking to manage multiple cryptos privately. It resembles many popular centralized apps on the market. And as far as we can tell, it functions similarly as well. So if you have experience with one of those wallets, this could be a good app to transition into.

8. Paper Wallet 

Image created with Midjourney

• Main Features: A literal piece of paper with your private keys printed on it. Perfect for cold storage in an offline scenario. 
• KYC Policy: Zero KYC. 
• Pros:
  • No digital footprint 
  • Immune to hacking 
• Cons:
  • Easy to misplace or damage 
  • Also…it’s paper…
• Best For: Offline cold storage for long-term holders. HODL forever. We don’t hate it.

9. Margex 

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• Main Features: A crypto exchange with anonymous account creation and a built-in wallet. It’s a beginner-friendly spot, staking, and futures trading platform, allowing for up to 100x leverage. It doesn’t technically have US availability, but if you’re following the right crypto practices, that should not be a problem.
• KYC Policy: No KYC for account setup. 
• Pros:
  • No KYC exchange 
  • Easy for beginners
  • Offers future trading with leverage 
• Cons:
  • Limited asset availability 
  • Not technically available in all countries, including the US
  • Requires an email address.
• Best For: Those who want trading and storage in one place. It’s easy to use, but it’s not a perfect solution for anonymous trading.

10. Zengo 

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• Main Features: Keyless wallet with simple UX, biometric security, and anonymous sign-up. It uses MPC cryptography to pull this off. But our question is this: “Isn’t biometric security another form of KYC?” They may not know your name, but they’ve got your face attached to the account. That being said, they claim to have 1.5 million customers and have never been hacked. We have to say, that’s a solid selling point.
• KYC Policy: No KYC. 
• Pros:
  • Beginner-friendly 
  • Eliminates private key risks 
  • Supports hundreds of tokens
• Cons:
  • Requires a picture of your face to log in — aka biometric security
  • Also requires an email address 
• Best For: Casual users seeking a minimal setup effort. If you’re “in it for the tech” and want the most secure wallet out there, this is probably it. But as far as privacy? There are better options on our list of the best anonymous crypto wallet apps.

Are Anonymous Crypto Wallets Safe to Use? 

We cannot speak for every anonymous crypto wallet. Look at Samourai, right? Sometimes things happen that are beyond anyone’s control. 

It’s also important to remember that there are bad actors everywhere, including people who make crypto wallets. While all of the ones on our list are, or were, the cream of the crop, there may be others that are less reliable. 

While most anonymous crypto wallets are generally safe, their security depends on the user. While these applications enhance privacy, ensure you download only the most trusted and positively reviewed options, use strong passwords, and enable security features like two-factor authentication (2FA). Consider pairing wallets with VPNs or Tor for added anonymity. 

How to Set Up an Anonymous Crypto Wallet 

The vast majority of these apps have a similar setup. Here’s how to set up an anonymous crypto wallet — for the most part — a few of them may have an additional step or two.

1. Download a wallet directly from its official site or app store. 
2. Avoid providing personal information at any point. The second you add any of that info, you’re no longer anonymous and your transactions are no longer private. 
3. Use a secure internet connection (preferably with a VPN). 
4. Enable advanced privacy options if available. 

Are These Wallets Legal? 

Regulations vary. Most regions allow anonymous wallets but may have strict KYC rules for cryptocurrency transactions. Always double-check your local laws before proceeding.

Keep in mind, things change. Once again, we need to point to Samourai Wallet as a great example of how those things can change. We cannot stress enough the value of being informed. The second that you hear that a wallet may shut down, or rules may be about to change, take action immediately. 

Want More Privacy and Security Tips? 

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Subscribe to our newsletter for weekly updates, expert insights, and must-have tools to keep your crypto activities private and secure. 

Frequently Asked Questions (FAQs) 

Q: What is the most anonymous crypto wallet in 2025? 

A: Picking the “most anonymous” wallet is a bit of a moving target, but in 2025, wallets like Wasabi Wallet or Electrum Wallet are leading the charge for privacy. 

These wallets prioritize protecting your identity by avoiding tracking, utilizing advanced encryption, and offering features such as CoinJoin (which mixes your transactions with others to obscure the trail) or support for privacy coins like Monero. However, keep in mind that no wallet can offer perfect anonymity if you’re not careful with your overall online behavior. 

Q: Can I stay completely untraceable with an anonymous wallet? 

A: Staying completely untraceable is tricky, even with the fanciest anonymous wallets. These wallets do a lot to shield your identity, but the internet is filled with breadcrumbs waiting to be linked back to you. For example, if you’re not covering your IP address with something like a VPN, someone snooping around could trace your on-chain activity with relative ease. 

Also, if you’re sending funds to a wallet tied to your real-world identity, you’re blowing your cover. The second funds go from a centralized entity to an anonymous wallet, it’s all over. These apps help, but total anonymity takes work — it’s a combo of the right tools, practices, and a dash of paranoia. 

Q: Do anonymous wallets support all types of cryptocurrencies? 

A: Not necessarily! But sometimes. Some wallets are designed specifically for certain coins, such as Monerujo for Monero or Electrum for Bitcoin. 

That said, there are multi-currency wallets, such as Exodus or Atomic Wallet, that focus on privacy but may not offer the same level of hardcore anonymity as Wasabi Wallet. Always check your wallet’s fine print — while it might support a ton of cryptocurrencies, it may not offer full anonymity for all of them.

Q: Are there any crypto wallets that don’t require ID? 

A: Yes, plenty of crypto wallets don’t require ID. Non-custodial wallets, such as Wasabi or even MetaMask, don’t require any personal information to use. 

However, keep in mind that even without an ID, your transactions can still potentially be traced. Many centralized wallets or exchanges ask for ID for KYC (Know Your Customer) compliance, but if you’re sticking with privacy-focused or decentralized wallets, you can bypass all that paperwork.

Q: Is using Tor or VPN essential with a privacy wallet? 

A: It’s not 100% essential, but if you’re serious about privacy, it’s a no-brainer. Most privacy wallets work fine without add-ons, but pairing your wallet with Tor or a VPN adds an extra layer that helps mask your IP address and stop others from nosing around in your business. 

It’s like adding a lock on top of a safe — definitely worth it if you care about keeping things private. Plus, a lot of privacy wallets even recommend it, so why not go that extra mile?