The answer
No. Some confidential-transfer systems encrypt amounts but leave addresses and ownership metadata public. Encryption of one data field is not proof that the whole transfer is untraceable.
What to do next
Identify exactly which fields are concealed and which remain public for the chosen chain.
Solscan — Solana explorer
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BitBox Bitcoin hardware wallet
A Bitcoin self-custody device to compare; it does not make on-chain transactions anonymous or prevent address linking.
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