What is PayNym and how does it relate to the world of cryptocurrency?

3 answers

• NagitoNov 08, 2024 · 8 months ago
  PayNym is a term used to describe a feature of the Samourai Wallet, which is a popular Bitcoin wallet. It allows users to create a unique payment code that can be shared with others to receive Bitcoin payments. This payment code is different from a Bitcoin address and provides an extra layer of privacy. When someone sends Bitcoin to your PayNym code, the transaction is still recorded on the Bitcoin blockchain, but it is not directly linked to your wallet's address. This helps to protect your privacy and keep your transactions more anonymous.
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• Chmmi_KukotJun 08, 2023 · 2 years ago
  PayNym is a cool feature in the Samourai Wallet that lets you create a fancy payment code to receive Bitcoin. It's like having your own personalized Bitcoin address that you can share with others. The best part is that it adds an extra layer of privacy to your transactions. When someone sends Bitcoin to your PayNym code, it's not directly linked to your wallet's address, so it's harder for people to track your transactions. It's a great way to keep your crypto activities more private.
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• ChenQI5May 22, 2025 · 2 months ago
  PayNym is a feature in the Samourai Wallet that allows users to create a unique payment code for receiving Bitcoin. It's a handy tool for those who value privacy and want to keep their transactions more anonymous. With PayNym, you can share your payment code with others to receive Bitcoin payments without revealing your actual wallet address. This adds an extra layer of privacy and makes it harder for people to track your transactions. If you're concerned about privacy in the crypto world, PayNym is definitely worth checking out.
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