How anti-detect browsers can help to deal with cryptocurrencies

Blog » How anti-detect browsers can help to deal with cryptocurrencies

With the growing popularity of cryptocurrencies, the number of problems has also increased: fraudsters try to steal wallet keys, governments try to identify cryptocurrency owners, and cryptocurrency exchanges increase the level of user verification or even block access to the accounts.💸

One of the tools to help cope with all these tasks is the anti-detect browser. Below, we’ll tell you why such programs are useful and what to pay attention to when choosing an anti-detect browser.

Briefly about crypto wallets 🙌

To store and make transactions with cryptocurrencies, users need cryptocurrency wallets. Cryptocurrencies have two types of keys: public and private. 

The public key can be known by anyone, because it is used to transfer cryptocurrencies to a concrete wallet. A private key gives access to the cryptocurrency and make transactions. Without it, you can’t dispose of cryptocurrency.

Cryptocurrencies themselves are divided into two types:

• Custodial. In these wallets, a third party(custodian) has access to the keys. In return, the third party commits to protect those keys and access to the users’ cryptocurrencies. Custodial wallets are offered by well-known crypto platforms, such as Binance and Bitfinex. The advantage of such wallets: if you forget your private crypto-key, there is a chance to recover it with the help of the support team of the platform. The disadvantage: the user can lose access to the wallet for reasons beyond their control. For example, in March 2022, Coinbase cryptocurrency exchange closed 25 thousand Russian wallets. Moreover, crypto-exchanges have been repeatedly hacked, causing users to lose their assets.

• Non-custodial wallets are those in which only the owner of the wallet has access to the keys. Such wallets are stored, for example, on a flash drive, in the form of a mobile application, a program on a computer, or even printed on paper. In this case, the user is responsible for the security and storage of crypto-keys, because only he has access to the key. There have been cases in history when non-custodial wallets were accidentally discarded or lost, depriving the user of access to their funds. 

What are the main challenges of working with cryptocurrencies😬

We have collected the main problems that users face when working with crypto platforms and crypto exchanges. 

Strict moderation

When creating custodial wallets, the crypto platform will ask for your passport details and take your photos from various angles online. There are several reasons for this:

• Restore access. If you forget your wallet details, you’ll have the option to try to regain access to it through support. To do this, the platform needs as much information about you as possible.
• Ensuring protection. Since in the case of custodial wallets, the exchange takes responsibility for the storage of keys, it is important for it to know who exactly creates the wallet. To do this, in addition to direct personal data, the crypto exchange collects data about your device, location, etc.
• Changing service rules. Knowing which country a user is from, the platform will be able to apply certain rules of its service to citizens of specific countries. Alas, this sometimes turns against users: in April 2022, Binance restricted access to cryptocurrency transactions for all Russian users whose assets exceeded €10,000. At the time of publication of this text, if the amount exceeds the specified limit, the user can only withdraw funds.

User de-anonymization

Although the blockchain stores information about all transactions with a particular cryptocurrency, it does not include the personal data of wallet owners. By doing so, the user can remain anonymous.

However, since custodial wallets require personal information, including a scan of the user’s passport or driver’s license, the wallet owner’s data can be declassified. For example, in case of exchange hacking, a request from government agencies, or a court decision. Also, you can not cancel the human factor: the data on the owners of the wallets can be sold at a high price.

Prohibiting the creation of multiple accounts

Most services and platforms require a user to have no more than one account. The reason is simple: since the user is trying to hide himself behind other people’s data, he could potentially pose a threat.

The risk of key theft

If an unsecured connection is used, there is a risk of theft of the private key, which gives access to crypto-asset transactions. 

How anti-detect browsers help to deal with cryptocurrencies💰

Anti-detect browsers are special programs that can change users digital fingerprints. A fingerprint is a set of anonymized data about the user’s device and browser. This includes dozens of parameters, including language, time zone, screen resolution, IP address, browser type and version, operating system and its version, Canvas, WebRTC, etc. 

By using anti-detect browsers, you can form your own unique digital fingerprint in each individual browser tab. This will help:

• Create accounts with different fingerprints. This allows you to work in separate browser tabs in different accounts of the same service at the same time. For example, during the Coinlist sales in February, Dolphin{anty} anti-detect browser users were able to successfully use different accounts and buy the tokens they wanted. Additionally, the anti-detect will help in the current situation, when transactions on the Binance exchange are restricted for Russian users;
• Bypass restrictions and bans of anti-fraud systems;
• Increase the level of anonymity. By changing your fingerprint, you will be able to hide your real data from anti-fraud systems and scammers;
• Protect yourself from IP hacking. 

Note that to change the IP address, you need to buy additional proxies and enter their data into the anti-detect browser. We do not recommend to use free proxies: this is not safe, and these IPs are usually already blocked on all popular services

Anti-detect browsers cost around $80-100/month. Depending on the rate and the specific browser, there may be restrictions on the number of browser profiles — separate profiles, where you can work under different accounts with different fingerprints. 

Alas, not all browsers have free trials. One of the exceptions is Dolphin{anty}⚡️ The anti-detect browser has a completely free plan. On the free plan, you can create up to 10 profiles. 

❗️If you want to try out Dolphin{anty}, here is a simple guide on how to download and set up this anti-detect browser in 5 minutes.