best privacy coins

[dkbit98]

@dkbit98 this FCMP++ thing, the executive summary is that it increases the number of inputs and outputs inside a transaction? That's what it sounds like to me (I didn't check links).

Yes, it increases privacy for Monero a lot, but it is also more resistant to attacks like it was happening with ring signatures.
I am not expert in Monero coding, but they are saying transaction will also be much more efficient.
Another change is possible layer-two solutions for Monero with payment channel protocols.

[Bobcrypto]

Many have replied in this thread that Monero is a safe and good privacy coin, but what does privacy mean? Isn't every cryptocurrency private? So it can't be seen by others, only those who have the private key can access the coin. Or what is the simple difference between Privacy coins?

As a matter of facts, Monero being a privacy means that it's transactions are untraceable from one user to another. Monero coin sent from different wallets, for instance, the records of these transactions can't be traced to the receiver. Most people like doing business transactions in private, and this is one of the reasons the privacy coins like Monero, Zcash, Dash came on board the crypto space.
As may you know, these privacy coins are no longer popular as it was in the last 6 years is because most governments of the world hated private transactions, and they are clamping down on them especially in the US. France, UK etc.

[Mia Chloe]

At the moment, I think XMR is the best privacy coin, because ISIS decided to use it instead of BTC.
Someone said: BULLtime of XMR is coming

So far from my experience in the crypto space I'll say the most popular privacy coin I'm fully aware of is monero.  Monero has quite a nice number of adopters as well as a nice price (value) too. Anyways I noticed that it can be somewhat a little difficult to get especially on centralised exchanges . Infact many of them have monero on their black lists. With that being said I think so far Talking about a coin with a very high level of privacy compared to many others,I think monero wins it.

However I wouldn't call bitcoin a private network that much in that bitcoin is a very transparent network and it's a little easier to track down coins on the network compared to monero. Bitcoin wins decentralisation but I guess monero actually wins privacy.

[ABCbits]

Most people like doing business transactions in private, and this is one of the reasons the privacy coins like Monero, Zcash, Dash came on board the crypto space.

But unlike Monero, Zcash privacy feature is optional where only few people use shielded address. Meanwhile, Dash privacy is only as good as using CoinJoin on Bitcoin network. Dash team/developer also trying to claim their coin isn't private when exchange begin to delist privacy coins.

[dkbit98]

But unlike Monero, Zcash privacy feature is optional where only few people use shielded address. Meanwhile, Dash privacy is only as good as using CoinJoin on Bitcoin network. Dash team/developer also trying to claim their coin isn't private when exchange begin to delist privacy coins.

Only a small percentage of people are actually using shielded addresses, and there are other things that makes me not trust Zcash.
If this same technology was introduced in Bitcoin maybe we would have better results and more people using it.
There are few other smaller privacy coins like Prate Chain that have improved privacy, but they are mostly centralized and have low volume. 

[Bobcrypto]

There is an ongoing attempt for tighter regulations on cryptocurrencies and it might be a good idea to go for privacy coins especially if you really plan to use it. Needless to say, if there are tighter regulations then there will be a higher demand for these privacy coins. Monero, Dash, ZCash, PIVX are just some of them. Take your pick.

On the other hand, some countries including France really hates privacy coins and want to restrict or ban them all. It is kind of a dilemma.


I suppose the best privacy coins are Monero, ZCASH, Dash, Komodo, and Bitcoin.

Mate, hope you take a closer look on your list of privacy coins, Bitcoin is not on the category of privacy whether by the SEC or other security agencies of many nations of the world.
In addition, no matter the threat from various countries on these privacy coins, there will still exist some of these notable privacy coins that will survive the strict regulations. Zcash, Monero, Dash are potential coins that will continue on the crypto ecosystem in the future. my opinion

[dekafee79]

There is an ongoing attempt for tighter regulations on cryptocurrencies and it might be a good idea to go for privacy coins especially if you really plan to use it. Needless to say, if there are tighter regulations then there will be a higher demand for these privacy coins. Monero, Dash, ZCash, PIVX are just some of them. Take your pick.

On the other hand, some countries including France really hates privacy coins and want to restrict or ban them all. It is kind of a dilemma.


I suppose the best privacy coins are Monero, ZCASH, Dash, Komodo, and Bitcoin.

Mate, hope you take a closer look on your list of privacy coins, Bitcoin is not on the category of privacy whether by the SEC or other security agencies of many nations of the world.
In addition, no matter the threat from various countries on these privacy coins, there will still exist some of these notable privacy coins that will survive the strict regulations. Zcash, Monero, Dash are potential coins that will continue on the crypto ecosystem in the future. my opinion

Bitcoin is not a privacy coin, maybe he said it wrong.
in my opinion Zcash, Monero, Dash are good privacy coins, although some countries are starting to reject privacy coins but privacy coins are still good for transactions.
There are several types of investors, some like to use privacy coins for transactions and some never use privacy coins, it all depends on their needs.

[dkbit98]

Bitcoin is not a privacy coin, maybe he said it wrong.
in my opinion Zcash, Monero, Dash are good privacy coins, although some countries are starting to reject privacy coins but privacy coins are still good for transactions.

Dash is not really a privacy coin, and you can have a bit more privacy with Litecoin new mimblewimble address format.
Bitcoin is not privavy coin but it has biggest volume of all coins and you can still use different mixers and coinjoin to have more privacy with transactions.
But monero remains the king of privacy coins.

[Mia Chloe]

I think that monero, Zcash are some of the great privacy coins on the market. Investing on privacy coins is not a bad idea, though one downside to privacy coins is that government doesn't like privacy but as an individual investor, privacy coin are good investment anything.

Privacy coins are quite ok however some people actually don't make use of it because of the difficulty that arises when you try to swap them to othe tokens or altcoins and Even fiat. Like a couple of users here have also mentioned, privacy coins are actually banned by most exchanges especially centralised exchanges because of government regulations and restrictions.

To a nice extent I actually prefer to make use of bitcoin more because of the restriction gap that comes with transacting with privacy coins. Yes some decentralised exchanges offer swap services from these privacy coins to other coins but they aren't much and you may not be pleased with the rates.

[bitcoin-shark]

It is good to diversify your investments even among several altcoins but among privacy coins I honestly only recommend monero at the moment

[dekafee79]

It is good to diversify your investments even among several altcoins but among privacy coins I honestly only recommend monero at the moment

Monero is indeed quite good as a privacy coin, and dash is also a second choice. I have both. but not in large quantities because for me privacy coins are not potential coins for the long term because some countries are against them.
I prefer coins that I think are safe like bitcoin and ethereum

[Bobcrypto]

Yeah, the clampdown on privacy coins does not in any way deter the project, i still believe strongly that privacy will continue to strive harder against governments interference. I know that privacy coins may continue to have a dwindling liquidity on the market, but this will not stop their uses or existence, and very crypto enthusiast will continue to own them in the future. Monero, Zcash, Dash has the capacity to remain strong on the crypto market.

[legend45]

Yeah, the clampdown on privacy coins does not in any way deter the project, i still believe strongly that privacy will continue to strive harder against governments interference. I know that privacy coins may continue to have a dwindling liquidity on the market, but this will not stop their uses or existence, and very crypto enthusiast will continue to own them in the future. Monero, Zcash, Dash has the capacity to remain strong on the crypto market.

privacy coins will still exist and be used because there are investors who prefer to make transactions privately. Maybe they think that transactions in crypto are safer using private coins.
I don't invest in privacy coins because I don't need private transactions so far. And indeed the liquidity of this coin is decreasing because many governments are against this coin.