Just a day before the end of September, the European Central Bank released a report on the progress of the EU’s move toward a digital Euro. Per the report, they are making progress towards a CBDC. Many other countries have made headlines throughout September over intentions to pivot towards digital fiat, an indicator that CBDCs will soon be a global phenomenon.

While they are efficient, digital fiat currencies have privacy concerns that will likely see more people take an interest in privacy cryptocurrencies. That’s why there is a good chance that going into October, privacy coins could bounce back.

Below are three privacy coins that we believe could make a resurgence in October after flying under the radar over a couple of years.

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

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Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.

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Monero (XMR) is one of the best privacy coins on the market today. Monero’s privacy technology is so advanced that it is one of the few truly fungible cryptocurrencies ever made. For this reason, Monero stands out as one of the best privacy-focused coins that could do well in October and even into the distant future. 

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Bitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.

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ZCash (ZEC) is another top privacy coin that could do well if privacy coins take off in October. Like Monero, ZCash’s Zero Knowledge Proof approach to privacy is among the best in the market. Besides that, ZCash has the advantage of regulatory compliance. That’s because ZCash has both the option of private transactions and non-anonymous KYC transactions. 

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

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Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

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Dash (DASH) also makes it to the list for its strong privacy tech. One thing that makes DASH unique from the other privacy coins is its high degree of adoption. Dash is widely used, especially in South America, for everyday payments. This means it has substantial intrinsic value, and FOMO around privacy coins could take it to new levels.

The post Top privacy coins to watch in October as EU reports on digital Euro appeared first on CoinJournal.

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