Since cybercash is gaining momentum worldwide, bitcoin holders have become more conscious about the confidentiality of their affairs. Everyone used to believe that a crypto user can remain incognito while depositing their digital currencies and it came to light that it is untrue. Because of public administration controls, the transactions are which means that a sender’s electronic address and even identity can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a crypto mixing service.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is an easy way to blend several 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. Therefore, there is no possibility to trace the transaction back to a user, so one can stay calm that identity is not revealed.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These marks are essential for the government to track back illegal transactions, such as purchasing 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 bitcoin mixers and secure sender’s identity. Many digital currency owners do not want to let everybody know how much they gain or how they use up their money.
There is an opinion among some web users that using a mixer is an illegal action itself. It is not entirely correct. As outlined above, 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 bitcoin holders to mix their coins.
However, a crypto holder should pay attention while picking a crypto mixer. Which service can be relied on? How can one be sure that a mixing platform will not steal all the sent coins? This article is here to reply to these questions and assist every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the top existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed crypto mixers and explain all features on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration policy, these are essential features that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most common digital money. Although there are a few coin scramblers that mix other cryptocurrencies, 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 trackable.
There is one option that is not represented in the above table and it is time-delay. This feature helps a user and a transaction itself to stay incognito, 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 several days or even hours and minutes. For better understanding of crypto mixers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, Blender is one of the top Bitcoin mixing services that has ever existed. This tumbler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to exchange the coins, in other words to send one type of coins 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 extra address.
One totally extraordinary crypto mixing service is ChipMixer because it is based on the completely another rule comparing to other tumblers. A user does not merely 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 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, following transactions are nowhere to be found and it is not possible to connect them with the wallet holder. There is no standard fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs before the end of this period. Another mixing service 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 clean coins are gained from stock exchanges.