As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves traces. These traces are important for the authorities to trace back criminal transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible crypto tumbling services and secure sender’s personal identity. Many bitcoin owners do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some web surfers that using a mixing service is an illegal action itself. It is not completely correct. As previously stated, there is a possibility of crypto blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no reason to be concerned. There are many platforms that are here for bitcoin holders to mix their coins.
However, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which service can be trusted? How can a crypto holder be certain that a mixing platform will not steal all the deposited coins? This article is here to answer these questions and help every crypto owner to make the right choice.
The digital currency mixers presented above are among the best existing mixers that were chosen by customers and are highly recommended. Let’s look into the listed coin tumblers and explain all aspects on which attention should be focused.
As digital money is spinning up worldwide, digital money holders have become more conscious about the confidentiality of their purchases. Everyone used to believe that a sender can remain unidentified while depositing their coins and it came to light that it is not true. Owing to public administration controls, the transactions are identifiable which means that a sender’s e-mail and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a cryptocurrency mixer.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is an easy way to blend several parts of it with other transactions used. After all a sender gets back an equal quantity of coins, but mixed up in a non-identical set. Consequently, there is no possibility to track the transaction back to a sender, so one can stay calm that identity is not disclosed.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential aspects that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to combine coins between the currencies which makes transactions far less identifiable.
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 stay incognito, as there is a gap between the deposited coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be a couple of days or even hours and minutes. For better understanding of crypto mixers, it is necessary to review each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever existed. This tumbler supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to send one currency and receive them in another currency. This process even increases user’s confidentiality. Time-delay feature helps to make a transaction less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One completely special crypto mixer is ChipMixer because it is based on the absolutely different principle comparing to other services. A user does not merely deposit coins to clean, but creates a wallet and funds it with chips from 0.02 BTC to 15.638 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing service beforehand, following transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this platform: 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 every user has an opportunity to manually clear all logs before the end of this period. Another mixing platform Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.