687
views

Samourai Wallet – A Bitcoin Wallet To Keep Your Transactions Private

The Samourai Wallet is a well established Bitcoin-only mobile wallet option for Android users. The platform combines many different features and unique functions to deliver a well-designed and useful wallet for the average user. Today, Samourai has a reputation for its ability to send and receive secure and private transactions. Additionally, it was one of the first mobile wallets to support SegWit transactions in the market. This pioneering spirit is another reason this project continues to gain momentum.

Benefits of the Samourai Wallet

The developers behind the Samourai Wallet focused on user privacy and funds’ security as their primary goals. This desire led to introducing various proprietary systems to create a robust and difficult to track wallet. Notably, Samourai is loaded with powerful features for more advanced users. Still, all of the core actions are set up so that anyone could easily complete transactions without instructions.

How Does  the Samourai Wallet Work

The Samourai Wallet is an open-source project that has undergone significant peer-based review since its introduction to the market. The platform was coded in Java, one of the most popular coding languages in the sector. When you look at the system, the first thing you notice is that the developers went to great lengths to deliver users an anonymous Bitcoin experience through various methods. As such, Samourai users gain access to some really unique features not found anywhere else in the market. 

Discretion is Step #1

One of these cool features is Stealth Mode. When you initiate this mode, the shortcut for Samourai disappears from your mobile’s display. If someone steals your phone or happens to be prying into your affairs, they will be no wiser to the fact your Bitcoin, or more accurately, your private keys, are stored there. Critically, this security feature is helpful but won’t stop anyone with the knowledge to directly search your phone’s directory.

When you want to access Samourai Wallet when in Stealth Mode, you need to dial your PIN like a phone number into the window. It’s swift and adds an extra layer of security. Ideally, this powerful feature helps to keep phone thieves out of your crypto doings.

Privacy is King

Samourai’s privacy-centric approach to Bitcoin storage is evident in every system. Each transaction allows you to choose exactly how many of the privacy features to include. Impressively, the network obscures your blockchain transaction history using BIP 126. In turn, this strategy minimizes references to past transactions from the Samourai wallet. Additionally, a new wallet address is created for every incoming transaction. In this way, Samourai manages to keep your Bitcoins hidden from hackers and thieves.

VPN and Tor Support

Samourai Wallet users can also cloak their IP addresses using VPN and TOR technologies. This technology is crucial because Bitcoin thieves are now coming to people’s homes and violently requesting a withdrawal. The combination of these technologies is very effective at keeping any unwanted guests out of your front yard.

Batch Spending

The introduction of batch spending features is another advantage that Samourai has over the competition. Batch spending protocols combine many smaller transactions into one large transaction. Combining transactions can save you as much as 30% on mining fees. Notably, Samourai was the first wallet to offer this type of transaction batching to the public.

PayNyms

The PayNyms feature allows users to receive payments without revealing their exact address. The protocol masks the details of the receiver and replaces it with a PayNyms address. Impressively, this address can be reused multiple times without harming your privacy. Developers claim that there’s no way to link it to any specific address on the blockchain.

Remote Commands

The Remote Commands feature is another advanced feature meant for only the stealthiest users. If your phone is ever lost or stolen, you can send an SMS to your wallet directly. The code will require your Samourai PIN. Once in, you can then delegate if you want to get a response with your backup wallet seed phrase or if you prefer to self-destruct the wallet all together.

This system allows you to retrieve your funds, send them to safety, and then destroy the Samourai wallet on the lost/stolen phone in minutes. Insanely, this can be set up to function even if the SIM card is removed. When you utilize this feature, the main thing to consider is that your seed phrase will be visible to anyone who may be monitoring your cell.

Ricochet feature

Suppose all of these James Bond-like features are still not enough for you. You can pay an additional charge of $2.50 plus additional mining fees to use the Ricochet feature. This protocol will route your transaction through a series of additional addresses for extra peace of mind.

Smart Fees

Samourai includes a Smart Fees feature that allows you to determine the exact fee amount you wish to pay per transaction. Nicely, the system continuously monitors network congestion to suggest an appropriate fee for the amount you want to send. Conveniently, if you mess up and send your transactions with a too low fee, you can always use the Replace by Fee feature, which allows you to bump up your fees.

How To Get the Samourai Wallet

Currently, the Samourai Wallet is only available on Android devices. You can download the Dapp directly from the GooglePlay Store for Free. Download and setup is a breeze. You will need to take a note of your seed recovery phrase and keep it safe.

How to Use the Samourai Wallet

The Samourai Wallet is designed in a manner to simplify the most important functions for Bitcoin users. You can easily send and receive payments via an address or QR code. When you send a transaction, a prompt will verify how many privacy protocols you wish to utilize. The more you choose, the harder it is to track your transactions. However, they do add a little more time to your transaction.

The Samourai Wallet is Needed

Bitcoin live price
Btc
Bitcoin
$28.813
price
1.42308%
price change
BUY NOW

The Samourai Wallet upholds the core fundamentals of Bitcoin. It provides true fungibility, security, transparency, financial privacy, and decentralization in an intuitive interface. Now more than ever, the value of privacy is at an all-time high. Samourai remains committed to this cause through its unique toolset designed to keep your Bitcoin’s safe.

Stay up to date with our latest articles

More posts

Volt Inu (VOLT) – Providing Passive Rewards for an Entire Army of Users

Volt Inu (VOLT) is a hyper-deflationary token seeking to help users diversify their investments across several asset types. Its goal is to build a loyal community, the VOLTARMY, whose members will have access to a growing ecosystem of assets and products, including NFTs, reflections, merchandise, and a P2E game. The meme-coin trend produced several projects with varying degrees of success and popularity in recent years. For instance, some coins like Shiba Inu made it into the top-10 cryptos by market…

HyperEarn – Encouraging an Active Lifestyle through Blockchain Technology

You'll be able to enter the latest trendy movement, "Move2Earn," using the HyperEarn token. There are many ways to get money with HyperEarn. You may run or sleep or even watch advertising to collect rewards.  With this quick introduction on our minds, let's get right into the core of today's review. We will treat HyperEarn neutrally in the article, and we urge you to do your own research before investing. A Closer Look into HyperEarn’s Ecosystem The HyperEarn platform relies…

Viubank: Earn Interest with Highest Crypto APY Through Fixed Deposit Receipt

An innovative new financial service called Viubank offers customers a way to earn interest on their long-term savings accounts. The concept depends on the cooperation with ELG bank, which brings together traditional and crypto-based financial expertise. About ViuBank Viubank is an innovative banking initiative promising simple access to fixed deposits that pay set interest rates. Depending on your preference, you can get daily, weekly, or monthly benefits. Thanks to its Vanuatu banking license, every depositor can open an account on…

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…