Since digital currency is gaining momentum around the world, bitcoin holders have become more aware about the confidentiality of their purchases. Everyone used to believe that a sender can remain disguised while forwarding their digital currencies and it came to light that it is not true. Because of the implementation of government policies, the transactions are identifiable which means that a user’s e-mail and even identity 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 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 the same number of coins, but blended in a non-identical set. As a result, it is impossible to trace the transaction back to a user, so one can stay calm that personal identification information is not uncovered.
As maybe some of you realize, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These marks are important for the authorities to track back illegal 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 traced, it is possible to use available crypto mixing services and secure sender’s identity. Many crypto holders do not want to let everybody know the amount 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 completely true. As mentioned before, there is a possibility of coin blending to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no reason to be concerned. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a digital currency owner should be careful while picking a crypto mixer. Which service can be trusted? 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 concerns and help every bitcoin holder to make the right choice.
The crypto scramblers presented above are among the leading existing mixers that were chosen by customers and are highly recommended. Let’s look closely at the listed crypto mixers and describe all options on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are critical aspects that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most common digital money. Although there are a few crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services also allow to blend 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 feature 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 by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is essential to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this mixing service allows a user to interchange the coins, in other words to send one currency and receive them in another type of coins. This process even increases user’s confidentiality. Time-delay feature makes 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 absolutely unique crypto mixing service is ChipMixer because it is based on the completely different principle comparing to other services. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.03 BTC to 14.954 BTC which a user can break down 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 platform prior to the transaction, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this mixer: it uses “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 each sender has a chance to manually clear all logs prior to 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 unusual, as the platform requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.