As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves marks. These traces are important for the authorities to track back outlawed transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use accessible crypto mixing services and secure sender’s personal identity. Many digital currency owners do not want to let everybody know how much they earn or how they spend their money.
There is a belief among some internet surfers that using a mixing service is an criminal action itself. It is not entirely true. As mentioned before, there is a possibility of cryptocurrency blending to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no reason to worry. There are many services that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a crypto holder should be careful while picking a digital currency scrambler. Which service can be trusted? How can one be sure that a mixer will not steal all the deposited coins? This article is here to reply to these questions and help every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the top existing mixers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed coin tumblers and explain all features on which attention should be focused.
Since bitcoin is spinning up worldwide, bitcoin holders have become more aware about the anonymity of their affairs. Everyone used to believe that a crypto user can remain incognito while forwarding their digital currencies and it turned out that it is not true. On account of the implementation of government policies, the transactions are identifiable meaning that a sender’s e-mail and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a crypto mixing service.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is a straightforward way to blend several parts of it with other coins. After all a sender gets back the same number of coins, but mixed up in a non-identical set. As a result, there is no way to trace the transaction back to a sender, so one can stay calm that identity is not uncovered.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are important aspects that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there are a few 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 mix 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 feature helps a user and a transaction itself to remain anonymous, as there is a gap between the forwarded coins and the outgoing 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. 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 best Bitcoin mixers that has ever existed. This mixer supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to interchange the coins, in other words to send one currency and get them back in another type of coins. This process even increases user’s anonymity. 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 additional address.
One completely unique crypto tumbler is ChipMixer because it is based on the completely another principle comparing to other services. A user does not merely deposit coins to mix, but creates a wallet and funds it with chips from 0.02 BTC to 9.121 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing platform beforehand, next transactions are untraceable and it is not possible to connect them with the wallet holder. There is no usual fee for transactions on this platform: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and every user has an opportunity to manually clear all logs prior to this period. Another coin scrambler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.