Bitcoin mixer. Cryptocurrency tumbler
Since digital currency is spinning up across the globe, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone thought that a sender can remain disguised while depositing their coins and it turned out that it is not true. On account of public administration controls, the transactions are detectable meaning that a user’s electronic address and even identity can be revealed. But don’t be worried, there is an answer to such governmental measures and it is a cyber money mixing service.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other transactions used. In the end a user gets back an equal quantity of coins, but blended in a non-identical set. As a result, there is no possibility to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These traces play an important role for the government to trace back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being tracked, it is possible to use available cryptocurrency tumblers and secure sender’s personal identity. Many digital currency holders do not want to let everybody know how much they gain or how they use up their money.
There is an opinion among some internet surfers that using a mixing service is an criminal action itself. It is not entirely true. As outlined above, there is a possibility of coin mixing to become illegal, if it is used to disguise user’s criminal activity, 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 pay attention while picking a crypto mixer. Which service can be relied on? How can a crypto holder be certain that a tumbler will not steal all the sent coins? This article is here to reply to these concerns and help every crypto owner to make the right decision.
The crypto scramblers presented above are among the leading existing mixers that were chosen by clients and are highly recommended. Let’s look into the listed coin tumblers and describe all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are critical features that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some mixing services also allow to blend coins between the currencies which makes transactions far less trackable.
There is one feature 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 outgoing transaction. In most cases, users can set the time of delay by themselves and it can be a couple of days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixers that has ever existed. This tumbler supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to swap the coins, in other words to send one type of coins and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature makes a transaction less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One completely special crypto tumbler is ChipMixer because it is based on the totally different principle comparing to other services. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.04 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 deposit coins to process. As the chips are sent to the mixing service beforehand, next transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this mixing service: it applies “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 an opportunity to manually cleanse all logs prior to this period. Another mixing platform Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting clean coins is also quite unique, as the tumbler requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.