Into the Guts of Coinjoins

Picking the right wallet to use coinjoins isn’t easy. Some folks would tell you to use Wasabi Wallet. Others would say to use Samourai instead. Others would even suggest JoinMarket. So which one to choose? And why?

Don’t Trust,
Verify

We’ve done research on the most popular privacy wallets and coinjoin protocols. We tried to be as neutral, educational and accessible as possible. Of course, don’t trust us, but verify yourself.

As of August 2023, there are six popular bitcoin wallets using three different coinjoin protocols. In our research, we’ve selected 10 criteria categories (and advanced considerations) to make it easier to pick a bitcoin wallet with built-in coinjoins. Let’s dive in.

What is a Coinjoin Protocol?

A coinjoin protocol is the design of the software that is used to create collaborative bitcoin transactions. There are currently 3 popular coinjoin protocols that are used in bitcoin wallets: JoinMarket, WabiSabi, Whirlpool.

Privacy Essentials for Coinjoins

Bitcoin wallets with coinjoins have different tradeoffs. Common to all, there are essential things to consider when looking at all the options available.
1.
Blockchain Privacy
2.
Coordinator & Peer Knowledge
3.
Network & Public Key Privacy
4.
Coinjoin & Network Fees
5.
Censorship Resistance
6.
Anonymity Scoring
7.
Coinjoin Efficiency
8.
User Experience
9.
Extra Privacy Features
10.
Accessibility
11.
Advanced Considerations & Research

Let’s Compare Bitcoin Wallets with Coinjoins

It is obviously not a walk in the park to compare each bitcoin wallet but we will try to present them with different considerations so that you can make up your own mind.
Wasabi Wallet 2.0
Samourai Wallet
Sparrow Wallet
JoinMarket
Wasabi Wallet 1.0
BTCPay Server
Trezor Suite
Jam
Joinstr

Have More Questions?

If you have any comments or suggestions, please reach out to coinjoins@protonmail.com or open an issue on the GitHub repository. Thank you!

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