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Top 5 Privacy Coins Explained in 2 MinutesPrivacy coins are cryptocurrencies which allow users to conduct transactions privately and anonymously. bitcoin private (BTCP) Bitcoin Private BTCP. $ Private coins can hide identities of sender and receiver, and can even hide transaction amount and the wallet address. Some of the popular private coins are. They use a public blockchain network to record and validate transactions, and owners of the digital currencies can store them in various types of cryptocurrency.