Hidely Bitcoin Wallet · Follow
5 min read · May 29, 2024
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Today, bitcoin has skyrocketed as one of the most used cryptocurrencies in the past few years. More people are interested in investing and engaged in cryptocurrencies and they require a platform, a bag to keep their coins — a crypto wallet. But the majority of the used popular cryptocurrency trading platforms demand the users to fill in the details such as the social security number while registering.
This is considered to be a privacy issue for some users. Fortunately, there are options through which one can acquire a Bitcoin wallet without having to provide a social security number or fill out some personal details that are not available to the public. Here are some Bitcoin Wallet Without a Social Security Number.
Hardware Wallets: Trezor and Ledger are some of the best and most secure hardware wallets out there for the user, as well as for privacy. You just plug it into your device to be able to send and also to receive coins. One of the major advantages of using a hardware wallet is that no personal details are required to be given to own one. The keys to your account are never stored on the internet or any server and are only located on your device. As the name suggests, these wallets do not use any third-party devices for storage of coins. So as long as nobody has access to your device and you keep your recovery phrase secret, your coins are safe.
Software Wallets: Some of the software wallets which are available for acquisition include Exodus, Electrum, and Wasabi, which enables you to hold and trade Bitcoin without any of your identity. These hot wallets are easily accessible, however their security level is lower than in case of cold storage hardware. However, through the live monitoring of some sites, they offer you full anonymity as you can create a wallet address within no time without going through the rigmarole of providing your identity details. However, in terms of normal usage, just don’t forget the following rules: Do not share your recovery phrases with anyone; always make sure you have a reliable anti-virus software on your computer; always make a backup copy of your data.
Paper Wallets: A paper wallet is when the two keys, that is the private and public keys are written on a piece of paper. They do not even require you to scan the document copy or even your personal identification in the process of creating one. Services such as Wallet Generator offer an option for a quick paper wallet preparation. But you must be careful when using paper wallets especially as you need to have the keys protected from any risk that might get in the way.
Decentralized Exchanges (DEXs): The significance of using Bisq and similar decentralized exchanges is that they enable users/entities to trade and buy Bitcoin directly from other users/entities without the involvement of any central authority. On the DEX wallets or trading platforms, there is no necessity of sharing the KYC details or personal data. All operations take place, one with another, which are authenticated by cryptographic evidence. Nonetheless, it can be lower on DEXs compared to large centralized exchanges that attract a large number of retail and institutional investors, traders, and market makers.
Hidely Bitcoin Wallet: Now let’s take a closer look at a few interesting privacy-focused software wallets: One of those is Hidely. Here are some of its main features.
• No KYC Required: Hidely has no need to ask for any personal information from the users, and in fact, its system does not contain any such information. It also does not require any user to supply an email address, phone number, photo ID copies, or social security details even at the registration stage. This makes it ideal for those who are very much sensitive with their private lives.
• Built-in Mixer: In order to help users increase anonymity of their Bitcoins while making transactions or storing them, Hidely provides a service of in-wallet mixing. It hides the origin of your coins by combining them with other clients’ coins streams and thus, any attempts to perform a blockchain analysis cannot guarantee that your wallet will be identified.
• Tor Integration: For additional anonymisation, Hidely routes all network traffic through the Tor network by default to hide your IP address. This eliminate possibility of surveillance or targeting from the network level as it is associated with your wallet activities through IP address.
• Plausible Deniability: The Hidely wallet interface can be used to create hidden wallets which are not easily discernible with the basic wallet application. In the same way, if you are being threatened to unlock your wallet or open it at gunpoint, you can do so but at the same time the main wallet with most of your money could be safely kept hidden due to the plausible deniability feature of this wallet.
• Time-locked Transactions: This feature enables one to program a Bitcoin transfer in a manner whereby it will be invalid or cannot be spent before a specific date or time in the future. This comes in handy as a defense against what may be found as risks about how your coins are stored at the moment which may not be possible to patch in the future.
• SegWit Support: Hidely has partial support for SegWit Bitcoin addresses. These address formats as are more secure and also enable one to conduct cheap transactions when using Bitcoin.
The Hidely wallet is a software wallet that claims to take privacy and anonymity to a whole new level. Although there is no obligatory personal data provided during registration and the number of useful features listed above, it can be a perfect site for users who would like to work with Bitcoin with less exposure to their personal data.
Conclusion
As the global political environment tightens with regard to cryptocurrencies, there are still possibilities: hardware wallets, software wallets, decentralized platforms through which you can own Bitcoin, but do not disclose your social security number or other too personal data. Use these privacy enhancing wallets responsibly while remaining an informed citizen to autonomously control information about oneself without committing any unlawful acts.
As the ecosystem evolves even more, we can look forward to more tools which would maintain the existing financial anonymity — an aspect that seemed to be dwindling in the conventional finance in the last few decades with rising restrictions and monitoring. Bitcoin and cryptography promise to shift the balance of power toward the individuals once again.
Create Free Hidely Bitcoin Wallet Without a Social Security Number today.
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