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.
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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.
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