Wasabi Wallet - Embracing the privacy of user’s data

Performing crypto trade with enhanced security by utilizing sophisticated privacy tools is no more an imagination. Yes, with enormous innovation and research performed by the developers, an amazing software Bitcoin wallet has been designed with uncompromised security. Wasabi Wallet has emerged as a trading tool that values the privacy and anonymity of the users. By incorporating advanced security tools, it safeguards user’s data from security breaches and data leakage. 

Quite underrated this hot crypto wallet comes with several amazing features to provide users a secure environment wherein they can trade without any worry. If you too are unaware of its introductory details, walk through this explanatory read. 

New to you, this wallet isn’t recently launched. It marked its existence dates back in the year 2018, and was introduced by zkSNACKs. Free to use, it is an open-source, privacy-focused, non-custodial, desktop-compatible Bitcoin wallet. By desktop compatible, we mean that the wallet is not currently available for installation on mobile devices, rather you can access it with Windows, MacOS, Linux, and Ubuntu/Debian. The wallet can also be paired up with a hardware wallet. To make its operations more secure by utilizing the best privacy tool, it uses Wabisabi. An added advantage is that users need not to store/maintain large amounts of Bitcoin to enjoy this benefit. 

Get an introductory insight into the wallet by navigating to https://wasabiwallet.io/.

Key highlights

• Comes with user-friendly interface

• Charges affordable fees for processing transactions

• Non-custodial

• Uncompromised security

The perks

• Free and open-source Bitcoin wallet

• Uses Conjoin to ensure the privacy of the wallet transactions

• Enhancing privacy by involving Tor integration

• Can be accessed with a hardware wallet

Drawbacks

• Lack of customer support

• Lack of mobile version

• Supports Bitcoin only

• Doesn’t support Staking activity

Just like other software crypto wallets, Wasabi Wallet also needs to be first installed on the supportive devices. Whilst installing, carefully check if you are getting an authentic version of the wallet, and the sole way of getting it conveniently is by reaching its official website. To ensure you don’t wander to find a legitimate wallet version, we are providing you with a short installation guide.

• Visit https://wasabiwallet.io/#download

• Move toward the top right side of the page, and hover your cursor on the “Download” button

• After clicking on it, a short list of all the compatible desktop versions will be displayed

• Opt for the favorable one and further carry on the prompted actions to complete the installation steps of the wallet

Done with the installation? – Congrats! You have completed ¼ journey, and there are a lot more actions to do in order to get the right to access the wallet.

Check below, what the remaining set of actions are.

• Open the installed Wasabi Wallet and click on “Add Wallet”

• On the following screen, several options will appear, choose “Create a New Wallet”

• Name your wallet and tap on “Continue”

• The wallet seed phrase will appear, note it down somewhere safely and hit “Continue”

• To confirm your wallet seed phrase, tap on each of the words in the correct sequence

• Click on “Continue”. Next, create a long and vigorous wallet password, confirm the same, and click on “Continue”

• Memorize to back up your wallet password. The variants of the Coinjoin strategy will be displayed, select one you find effective. Tap on “Continue”

• You’ve successfully created a wallet. Click on “Done” and start accessing the wallet

Through this wallet, one can securely send and receive Bitcoin. 

Assuming, you are looking for the steps to send Bitcoin, we are here listing them:

• Access your wallet and click on the “Send” option located on the main view of the wallet

• Carefully enter the receiver’s address and review it to evade errors. Enter the amount you want to send. Tap on “Continue”

• Provide the name of the receiver (organization/person), and click on “Continue”

• Tap on “Preview Transaction” to check if everything is mentioned correctly. If yes, tap on “Confirm”

• Enter your wallet password, tap on “Continue”, and perform on-screen instructions to finish the process

A newer version of the wallet was launched on June 15, 2022, by adding some features to the predecessor (Wasabi Wallet). The team revamped the wallet interface and its color scheme. However, the existing users (i.e. the users of the 1.0 version who have upgraded to 2.0) would be able to access the wallet using their previous login information. There are other advanced features incorporated in the upgraded version, which are simple to understand. 

As mentioned earlier, Wasabi Wallet doesn’t provide customer support in either of the forms (call/email/social media platforms), which is a big stumbling block for the users. After acknowledging this fact, some of the potential users have even withdrawn their decision to perform transactions through this wallet. But this doesn’t mean that there is no alternative way through which the users gain knowledge about the operations supported by the wallet or its mechanism.

Users can go through the documents, FAQs, and guides to seek assistance relating to the issue they are facing or get a directory for the operations that they are about to perform. 

Wasabi Wallet, no doubt provides enhanced security but users find it a bit complicated. Using several privacy tools like Coinjoin and Tor, make it hard for the perpetrators to steal users’ data. The wallet supports working with the hardware wallets as well. This wallet highly values the privacy of the user’s data. Despite robust protective layers, it is advised not to share any sensitive key/detail relating to the wallet with anyone.