Trezor wallets now offer anonymous Bitcoin (BTC) transactions with Coinjoin


A new era for hardware wallets? As wallets of this type come under increasing scrutiny from regulators, Trezor has just expanded its anonymity options. It is now possible to carry out transactions with Coinjoin, directly from the wallet.

https://cryptoast.fr/feed/

Les portefeuilles Trezor proposent désormais des transactions en Bitcoin (BTC) anonymes avec Coinjoin

Trezor now offers anonymous bitcoin transactions

Announced last fall, this development was made possible by a partnership with the anonymous wallet Wasabi. As a reminder, the Coinjoin technology allows, as its name suggests, to mix assets, in order to hide their origin. and offer better anonymity to users. Transactions are grouped with hundreds of others, blocking any attempt to determine the origin and destination of funds.

Pay with your money, not your data.This is how the option, unveiled by Trezor yesterday, is presented. The wallet details several benefits, including protection against fraud, and keeping amounts held in cryptocurrencies anonymous. In addition, Trezor emphasizes the interest of anonymity options for people subject to authoritarian political regimes.

For now, the option is only available on the Trezor Model T, and not on the Model One. But it will eventually arrive on the latter, according to the company. Coinjoin usage fees amount to 0.3% of the transaction amount.

? To go further – The Trezor Model T wallet: review and tutorial

The solution to secure your cryptocurrencies ?

? Up to 30% off Trezor wallets

The use of Coinjoin criticized by some

However, the anonymity options offered by Coinjoin are sometimes criticized – and the initiative of Trezor has revived the debates. The company is thus blamed to censor Coinjoin transactions according to government lists:

Separately, questions have been raised about the effectiveness of Coinjoin. Rumors have been circulating for some time about the ability of the analysis firm Chainalysis to “unravel” transactions. According to the firm Elliptic, Coinjoin transactions can be revealed… But only in certain cases where the user has made mistakes, for example by reusing an address.

Beyond these considerations, we can nevertheless retain that this is a rather symbolic step forward for Trezor, at a time when governments and regulators are chasing anonymity in the cryptocurrency sector. It shows that the “monetary sovereignty” so defended by cryptocurrency enthusiasts is not just a keyword, but that real issues are emerging over the years.

? Listen to this article and all other crypto news on Spotify

Our service dedicated to cryptocurrency investors. Get real-time analytics and optimize your crypto portfolio.

toaster icon

Source: Trezor

Newsletter ?

Receive a summary of crypto news every Monday by email ?

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.





Source link -95