You've probably heard of Bitcoin's anonymity more than once. Try to forget about it as this is one of the biggest myths about it! While this information may have overwhelm you for some reason, it's worth knowing that there are many other cryptocurrencies out there that will allow you to make anonymous transactions (to some degree) by swapping them from and to Bitcoin.

Monero (XMR)

This Altcoin is the first to be popular with privacy-oriented cryptocurrencies. It ranks 16th on CoinMarketCap. Monero was established in 2014 as a result of a division in the Bytecoin network. It should be added here that it was originally called Bitmonero. Interestingly, a huge demand for this crypto was noted two years later. During this time, both the market cap and XMR trading volumes rose to new levels. Obviously, this cannot be compared to ATH in early 2018 as it looks like a slight increase in the last few years. Nevertheless, in 2016, the interest in this cryptocurrency began to grow significantly.

While Monero's anonymity is a huge advantage (when making transactions, sender, recipient and amount data are protected by special cryptographic solutions) in the context of legal regulations, it can be quite a big disadvantage.

Dash (DASH)

Dash is also one of the most popular privacy-focused cryptocurrencies. It ranks 22nd in terms of market capitalization. It was released the same year as Monero. In fact, Dash is based on the Bitcoin protocol, with little differences that allow users more privacy and scalability. Interestingly, the name of this cryptocurrency has been changed three times. Initially, it was called Xcoin (XCO), then Darkcoin, and finally stayed with Dash.

This Altcoin primarily focuses on fast but anonymous transactions. Like many other cryptocurrencies, Dash hit a record high in prices in December 2017 (during the so-called crypto bubble). The main reason for its popularity is solving two problems that Bitcoin grapples with: lack of anonymity (this can be discussed as it is not a drawback for everyone) and free transactions (here, however, you should consider that there are alternatives to BTC trading, such as Lightning Network, which allow for quick transfer of funds outside the main chain).

Zcash (ZEC)

This cryptocurrency is ranked 25th in CoinMarketCap. It appeared on the market 4 years ago (in 2016 to be exact). Zcash was created as one of the many coins based on the Bitcoin protocol. However, just like a peer-to-peer coin, transaction privacy is first and foremost a priority.

Zcash was originally called Zerocoin. It is based on a special cryptographic protocol (ZK-SNARK) that protects information about the sender, recipient and the amount of the transaction between both parties.