best privacy coins

[dekafee79]

Monero and dash are the best privacy coins for investment and transactions. Monero is the best. It has big market cap and popularity. It is listed in popular exchanges. I used several times these coins for transaction and investment.

For me it's Monero no question about it. The US government is even offering bounties on whoever can break Monero. So it means that they are really afraid of Monero because of it's algorithm, it seems that it is really resistant for now and they keep on improving as they keep one step ahead of the game and from the government. But because of this, only a few exchanges are allowing Monero to be listed on them. Because almost all government wanted Monero to be ban. So again, it's best but you need to be technically incline to be able to move it somewhere and then convert it to fiat in case you needed it.

Monero is a very popular private coin used by those who prefer private transactions. If anyone can crack the monero algorithm, they are great. but until now I haven't heard of anyone succeeding. Sata also sometimes uses monero for transactions, although not often just private transactions.

[Wiseman]

Hi all, i am currently investing in XRP and ETH, but want to invest in more privacy coins.
Do you think it's good idea? Then which privacy coins are the best for investment currently?

I would not recommend testing coins that are only anonymous because these coins do not have a large community that will advertise it, it is better to invest in more popular coins, even if you just buy Bitcoin or Ethereum, it will bring in invested only in moments that are considered anonymous.

[swapgate.io]

Investing in Monero offers several key advantages. First, it provides privacy and anonymity, ensuring untraceable and confidential transactions, which is essential for those valuing financial privacy. Additionally, Monero has a strong community support that actively works on its development and improvement. Its scalability, with features like RingCT, allows it to efficiently handle growing transaction volumes. Monero is also decentralized, meaning it's not controlled by any central authority, which enhances its resistance to censorship. Lastly, there is a growing demand for privacy-focused cryptocurrencies, driving adoption in various markets. Overall, Monero presents a compelling opportunity for investors who prioritize privacy and decentralization. What are your thoughts on investing in XMR?

[Gurujebs]

]
Monero is a very popular private coin used by those who prefer private transactions. If anyone can crack the monero algorithm, they are great. but until now I haven't heard of anyone succeeding. Sata also sometimes uses monero for transactions, although not often just private transactions.

Privacy coins will remain one place as long as there is no adoption and since government has seen then as illegal thing to used, even exchanges that ar top has unlisted them from there exchange which means traditional institutions wouldn't even know about such coin existence as they would even see it and even promoters wouldn't waste their time for something that wouldn't bring them traffic.

If only the government would allow people protect their privacy with what they want, everywhere will be fine but they don't want to listen to the good side of privacy coins, they prefer the bad side.

[erus]

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?

[PrivateKayla]

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?

Privacy in crypto means keeping transactions and user identities confidential. Most crypto are pseudonymous. While your real name isn't linked to your wallet address, anyone can see your transactions on the blockchain. They can't see your private keys but they can track or trace transactions back to your identity.

Privacy coins are designed to keep users anonymous. They use technologies that hide the identities of the parties involved, the transactions, and the amount.   

[ABCbits]

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?

Have you tried visiting Bitcoin block explorer? You can see all details of transaction, such as sender address, destination address and amount sent. But if you try same thing on Monero explorer, you only can see TX fee and stealth/decoy address which can't be used to track.

[NotATether]

Have you tried visiting Bitcoin block explorer? You can see all details of transaction, such as sender address, destination address and amount sent. But if you try same thing on Monero explorer, you only can see TX fee and stealth/decoy address which can't be used to track.

See, Monero's privacy is so complete, that even if you wanted to show someone your proof of payment, you can't. It is the ultimate privacy coin.

Granted, there are use cases where that is not desirable, such as when you're paying someone on the books. In that case, other coins will do. (such as bitcoin.)

[erus]

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?

~snip~
Privacy coins are designed to keep users anonymous. They use technologies that hide the identities of the parties involved, the transactions, and the amount.

Can you tell me the best Privacy coin to try?

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?

Have you tried visiting Bitcoin block explorer? You can see all details of transaction, such as sender address, destination address and amount sent. But if you try same thing on Monero explorer, you only can see TX fee and stealth/decoy address which can't be used to track.

For block Monero example, is it like this?? https://localmonero.co/blocks/tx/b8f99225cca935b78d56103519a001ac5df46db129b5408ecb664c81c463fb79

[dkbit98]

Monero is hands down the best privacy coin we have today, and it's going to be even better soon after they implement FCMP++ or full-chain membership proof++
This update significantly enhancing transaction privacy by boosting potential outputs from 16 million to 100 million!

Here is more information about improvements with this update:
https://www.getmonero.org/2024/04/27/fcmps.html
https://github.com/monero-project/monero/pull/9436

[ABCbits]

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?

Have you tried visiting Bitcoin block explorer? You can see all details of transaction, such as sender address, destination address and amount sent. But if you try same thing on Monero explorer, you only can see TX fee and stealth/decoy address which can't be used to track.

For block Monero example, is it like this?? https://localmonero.co/blocks/tx/b8f99225cca935b78d56103519a001ac5df46db129b5408ecb664c81c463fb79

Yes. As you can see, you can't see the amount sent. As for the sender, you see there's only 1 input, but many public key listed. It means there's only 1 real public key, where the rest are the decoy.

[Baofeng]

Investing in Monero offers several key advantages. First, it provides privacy and anonymity, ensuring untraceable and confidential transactions, which is essential for those valuing financial privacy. Additionally, Monero has a strong community support that actively works on its development and improvement. Its scalability, with features like RingCT, allows it to efficiently handle growing transaction volumes. Monero is also decentralized, meaning it's not controlled by any central authority, which enhances its resistance to censorship. Lastly, there is a growing demand for privacy-focused cryptocurrencies, driving adoption in various markets. Overall, Monero presents a compelling opportunity for investors who prioritize privacy and decentralization. What are your thoughts on investing in XMR?

Personally, I would not invest on Monero. It's not that the coin is bad or something, but it was the crackdown that the government is doing and so it's hard for the price to go up when every government around the world or at least some of them wanted it to be removed in some exchange.

And I would tend to agree that Monero is the best privacy coins, and you will have to move some for better privacy but that's it. But not good as a vehicle and call it investment material.

[SamReomo]

Monero is a very popular private coin used by those who prefer private transactions. If anyone can crack the monero algorithm, they are great. but until now I haven't heard of anyone succeeding.

Yes, indeed Monero is the top privacy coin available at crypto market but now most countries including US is against Monero and that's why exchanges like Binance has delisted it. I guess, it's not possible for someone to crack the monero as it's going to be toughest job for anyone.

Those bounty programs may be there for a long time before someone finds a vulnerability in Monero and even that's not like to happen anytime.

[KryptoBull]

Yes, indeed Monero is the top privacy coin available at crypto market but now most countries including US is against Monero and that's why exchanges like Binance has delisted it. I guess, it's not possible for someone to crack the monero as it's going to be toughest job for anyone.

Those bounty programs may be there for a long time before someone finds a vulnerability in Monero and even that's not like to happen anytime.

XMR has been very popular in the crypto market due to its anonymity, and it also has the largest market capitalization among privacy coins. However, we have more options now without encountering problems with governments or CEXs.

According to Coinmarketcap's list of privacy tokens, I see that ROSE is also a privacy coin, even though it's just one feature that Oasis can provide. If I were to choose a privacy coin to invest in, I think I would choose ROSE because of its developing ecosystem and popularity in crypto media.

• Coinmarketacp: Privacy Tokens

[NotATether]

Personally, I would not invest on Monero. It's not that the coin is bad or something, but it was the crackdown that the government is doing and so it's hard for the price to go up when every government around the world or at least some of them wanted it to be removed in some exchange.

And I would tend to agree that Monero is the best privacy coins, and you will have to move some for better privacy but that's it. But not good as a vehicle and call it investment material.

XMR is almost as stable as stablecoins themselves, so you should not be investing in Monero with the intention of making a profit, because that is not happening.

You should be using at as P2P currency like it was always designed to be.

@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).