Trezor Now Offers Anonymous Bitcoin Transactions through Coinjoin

Trezor hardware wallets are now able to anonymize Bitcoin transactions. Coinjoin is integrated for this purpose. At the same time, Trezor is offering its top model T with a 15 percent discount until tomorrow.

The widespread assumption that Bitcoin (BTC) inherently entails anonymity is simply wrong. On the contrary: Since every Bitcoin transaction is documented forever in the blockchain, dozens of chains of evidence have been used in court, where the accused have been convicted of their verifiable handling of BTC. But there are also other legitimate reasons to support anonymous use of Bitcoin, such as the desire for financial privacy. The hardware manufacturer Trezor is now accommodating those citizens who insist on anonymity in Bitcoin transactions.

If you want to find out more details about Trezor and the possibility to make Bitcoin transactions anonymous, download for free our companion app. The Born2Invest mobile app brings you the most important business headlines of the day so you can stay on top of the market.

Trezor has now integrated a service called Coinjoin, which is a so-called Bitcoin Mixer

Coinjoin is a program that executes Bitcoin transfer orders, automatically concealing the origin and destination of the BTC concerned. To do this, Bitcoin from different sources are mixed together and then divided into smaller amounts again. Trezor points out that Coinjoin does not guarantee absolute anonymity for Bitcoin transactions either, because “interested parties” may be able to use “advanced methods” to clarify the mix. But the use of Coinjoin in combination with a Trezor hardware wallet for Bitcoin increases privacy significantly compared to not using the protocol, they say.

The leading hardware manufacturer Ledger, who is Trezor ‘s main competitor, has not yet integrated a Bitcoin mixer like Coinjoin. Trezor is thus combining the introduction of Coinjoin for anonymous Bitcoin transactions with an advertising campaign for the top model T. Until tomorrow, April 26 (inclusive), there is a 15 percent discount when ordering a Trezor T hardware wallet, which is the price of regular 219 euros to 186 euros. For investors who want to conveniently combine the security of a hardware wallet with the anonymity of Coinjoin, the offer for the Trezor T is probably the most attractive overall package at the moment.

Conclusion: Trezor hardware wallets with Coinjoin anonymization

The use of Coinjoin via a Trezor hardware wallet costs a 0.3 percent service fee plus the usual transaction fees for amounts over 0.1 BTC per transaction. If you send less than 0.1 Bitcoin with Coinjoin, you can use the service for free and only pay the normal transaction fees. This is in line with the levels of other Bitcoin mixers. So if you want to strengthen your privacy in connection with Bitcoin, Trezor is a good choice and you can now quickly secure a 15 percent discount on the Trezor T hardware wallet.

__

(Featured image by Jievani Weerasinghe via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in  BLOCK-BUILDERS.DE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.