Since digital money is gaining momentum around the world, bitcoin holders have become more conscious about the anonymity 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. On account of the implementation of government policies, the transactions are which means that a user’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 mixing service.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is a straightforward way to blend different parts of it with other transactions used. In the end a sender gets back an equal quantity of coins, but mixed up in a non-identical set. As a result, there is no possibility to track the transaction back to a user, so one can stay calm that personal identification information is not disclosed.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves marks. These traces play an important role for the government to trace back outlawed transactions, such as purchasing weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use accessible crypto mixing services and secure sender’s 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 a belief among some internet surfers that using a mixer is an criminal action itself. It is not entirely correct. As previously stated, there is a possibility of crypto mixing to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no point to worry. There are many platforms that are here for cryptocurrency owners to mix their coins.
Nevertheless, a digital currency owner should be careful while choosing a crypto mixer. Which service can be relied on? How can one be certain that a mixing platform will not steal all the deposited digital money? This article is here to answer these questions and help every bitcoin holder to make the right decision.
The digital currency mixers presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s look into the listed coin tumblers and describe all options on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are essential aspects that should not be neglected. 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 give a sender more options, some tumblers also allow to mix 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 remain anonymous, as there is a gap between the deposited coins and the outgoing 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. To get a better understanding of crypto tumblers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin mixers that has ever existed. This mixer supports not only Bitcoins, but also other aforementioned cryptocurrencies. 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 anonymity. Time-delay feature helps to make a transaction untraceable, 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 tumbler is ChipMixer because it is based on the completely another principle comparing to other tumblers. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 14.954 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing service beforehand, following transactions are nowhere to be found and it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually clear all logs before the end of this period. Another coin tumbler 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 mixer requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.