As bitcoin is spinning up worldwide, bitcoin holders have become more aware about the anonymity of their transactions. Everyone used to believe that a crypto user can remain incognito while depositing their coins and it turned out that it is untrue. On account of public administration controls, the transactions are which means that a user’s electronic address and even identity can be revealed. But don’t be worried, there is an answer to such public administration controls and it is a cyber money scrambler.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to mix different parts of it with other coins. After all a user gets back an equal quantity of coins, but mixed up in a completely different set. Therefore, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not revealed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves traces. These marks are important for the government to trace back outlawed transactions, such as buying weapon, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being tracked, it is possible to use available crypto mixers and secure sender’s personal identity. Many bitcoin owners do not want to let everybody know the amount they earn or how they use up their money.
There is a belief among some internet users that using a mixing service is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of crypto blending to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no reason to worry. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a crypto holder should be careful while choosing a crypto mixer. Which platform can be trusted? How can one be certain that a scrambler will not take all the deposited digital money? This article is here to reply to these questions and help every bitcoin holder 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 aspects on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential options that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most regular digital money. Although there is a couple of coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers also allow to mix 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 deposited 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. For better understanding of crypto mixers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, Blender is one of the top Bitcoin tumblers that has ever appeared. This tumbler supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to exchange 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 anonymity. 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 totally unique crypto mixing service is ChipMixer because it is based on the absolutely different idea comparing to other tumblers. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.04 BTC to 9.121 BTC which a user can break down according to their wishes. After chips are added to the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing service in advance, 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 mixer: it applies “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 an opportunity to manually cleanse 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 applied. The process of getting clean coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.