Are My Bitcoin Transactions and Balance Private?

All Bitcoin transactions are visible on the blockchain, but linking different transactions to the same user is not always straightforward.

Bitcoin allows the use of unique addresses for each incoming payment, which adds a strong layer of privacy compared to Ethereum. Vigor Wallet automatically generates a new deposit address for every payment, making it much harder for anyone monitoring the blockchain to track your balance or past transactions.

Best Practices for Bitcoin Privacy:

Use multiple wallets with clear purposes:
Long-term storage wallet: rarely used and never interacts with entities that collect data.
Exchange wallet: for transactions with centralized exchanges or other data-collecting services.
Personal wallet: for transactions with other people.

Take advantage of advanced privacy features that Vigor Wallet provides, including unique address usage and optimized transaction structures, to enhance confidentiality even further.

With these practices, Bitcoin transactions can remain significantly private while still benefiting from the security of a public blockchain.

Are My Ethereum Transactions and Balances Private?

Every Ethereum transaction is publicly visible on the blockchain. Anyone can see an address’s past transactions as well as its current ETH and ERC-20 token balances. In other words, all account activity is open and traceable.

The only privacy element is that an Ethereum address is not inherently linked to your real-world identity.

Best Practices for Ethereum Privacy:
Use multiple wallets with defined purposes:
Long-term storage wallet: rarely used, never transacts with data-collecting entities.
Exchange wallet: for transactions with centralized exchanges and other services.
Personal wallet: for transactions with people.

With careful planning and disciplined use of multiple wallets, users can achieve a reasonable level of privacy on Ethereum, despite the blockchain’s transparency.