Since digital currency is gaining momentum worldwide, bitcoin holders have become more conscious about the anonymity of their purchases. Everyone thought that a crypto user can remain disguised while forwarding their coins and it turned out that it is untrue. On account of the implementation of government policies, the transactions are identifiable which means that a sender’s e-mail and even personal identification information can be revealed. But don’t be worried, there is an answer to such public administration controls and it is a Bitcoin mixer.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is an easy way to blend several parts of it with other coins. After all a user gets back an equal quantity of coins, but blended in a completely different set. As a result, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These traces play an important role for the authorities to track back outlawed transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible crypto mixers and secure sender’s identity. Many digital currency holders do not want to let everybody know how much they earn or how they use up their money.
There is an opinion among some internet users that using a mixer is an criminal action itself. It is not completely true. As outlined above, there is a possibility of crypto blending to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to mix their coins.
However, a digital currency owner should be careful while picking a bitcoin tumbler. Which platform can be relied on? How can a crypto holder be sure that a mixer will not steal all the sent digital money? This article is here to answer these questions and assist every bitcoin holder to make the right choice.
The crypto scramblers presented above are among the leading existing mixers that were chosen by users and are highly recommended. Let’s look closely at the listed crypto mixers and explain all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential features that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of crypto mixing platforms that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to combine coins between the currencies which makes transactions far less trackable.
There is one option that is not displayed in the above table and it is time-delay. This option helps a user and a transaction itself to remain anonymous, as there is a gap between the sent coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be several days or even hours and minutes. For better understanding of crypto mixers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin mixing services that has ever existed. This mixer supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to send one type of coins and get them back in another currency. This process even increases user’s anonymity. Time-delay feature helps to make a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One totally special crypto mixer is ChipMixer because it is based on the absolutely another rule comparing to other tumblers. A user does not simply deposit coins to mix, but creates a wallet and funds it with chips from 0.01 BTC to 15.638 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing platform prior to the transaction, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet owner. There is no usual fee for transactions on this tumbler: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more cost-effective. Retention period is 7 days and each sender has a chance to manually cleanse all logs before the end of this period. Another mixing service Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting clean coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.