As Bitamp does not store private key data, the free Bitcoin wallet focuses on anonymity.
Cryptocurrency innovations happen almost every day, and the world of cryptocurrencies is dynamic. Bitamp, a Bitcoin wallet with an emphasis on anonymity, is the newest entrant in the innovation scene.
Users of Bitamp can instantly receive and send Bitcoins using a free, open-source Bitcoin wallet. With Bitamp, users retain full control over their private keys and seed, which is a major difference from other wallet providers.
In the world of cryptocurrencies, anonymity is a popular term. Compared to other cryptocurrencies, Monero (XMR) is chosen due to its enhanced anonymity. Receiving and sending Bitcoin anonymously can, however, be quite difficult. In addition to providing a wallet service that does not retain private keys, transactions, seeds, IP addresses, or browser information, Bitamp bridges the gap between transparent ledger transactions and anonymous wallet holding.
Moreover, Bitamp’s Bitcoin wallet requires no personal information, such as email addresses. Various browsers, as well as dedicated services like VPNs and TOR browsers, can be used to access any Bitamp wallet account, which enhances anonymity even more.
The platform is primarily browser-based, allowing new users to create wallets, sign in, send, and receive Bitcoin using a browser. Seed and private keys are not stored by Bitamp. Therefore, it encourages users to write them down or print them out and keep them secure. This is because accounts cannot be recovered when they are lost.
Bitamp works the same way as cold wallets, but with a web-based interface, allowing users to manage their Bitcoin stash and conduct transactions. Traditional banking transactions may take several days or even weeks to settle, while Bitcoin transactions are usually completed in a matter of minutes.
Furthermore, Bitamp’s wallet can be used to send and receive Bitcoin around the world, and transactions cost only a few pennies. Together with Bitamp’s enhanced security, Bitcoin’s worldwide usage eliminates the possibility of fraudulent activities.
According to reports, cryptocurrency exchanges and custodial services have been hacked, leaving users without access to their funds, or with no crypto at all. The user can control their wallet entirely with Bitamp, thereby mitigating the issue.
It only takes a few clicks for you to join Bitamp’s service. It is possible to generate a seed code, which is a 12-word code for your funds, or you can generate a private key, which is a 256-bit number. In order to access and manage Bitcoin funds, keeping your private keys and seed secure is critical. This is because they are the only way to prove ownership of any given wallet address.