What’s the Difference Between a Privacy Wallet and a Common Wallet?

Balance Privacy

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Privacy wallets use different addresses for deposits and withdrawals. This means third parties cannot infer your actual asset types and balances by analyzing on-chain deposit or withdrawal addresses, which improves asset security.

Transaction Privacy

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Privacy wallets leverage CryptoNote technology to enhance transfer privacy. On the Mixin blockchain explorer, only the token type and amount are visible, not the sender or receiver, which protects transaction privacy.

On-chain Dapp Interaction

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Common wallets can directly interact with Dapps like Uniswap, 1inch, Compound, etc. Privacy wallets cannot, but they can interact with various bots within Mixin Messenger, such as Exin, BigONE, Pando, and more.

Avoiding Malicious Authorization

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Common wallets often require authorizations and signatures when interacting with Dapps, which can expose users to potential risks. Privacy wallets adopt a read-only authorization design, effectively preventing malicious authorizations while still enabling safe interaction with Mixin Messenger bots.