Since bitcoin is spinning up around the world, digital money holders have become more conscious about the anonymity of their transactions. Everyone was of the opinion that a crypto user can remain disguised while forwarding their coins and it turned out that it is not true. Owing to public administration controls, the transactions are meaning that a user’s electronic address and even identity can be revealed. But don’t be alarmed, 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 splits a transaction, so there is an easy way to mix different parts of it with other transactions used. After all a sender gets back the same number of coins, but blended in a completely different set. Therefore, it is impossible to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These traces play an important role for the government to track back criminal transactions, such as purchasing guns, 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 available crypto tumblers and secure sender’s personal identity. Many crypto owners do not want to inform everyone the amount they gain or how they use up their money.
There is a belief among some internet surfers that using a mixing service is an criminal action itself. It is not completely true. As outlined above, there is a possibility of crypto mixing to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no reason to be concerned. There are many services that are here for bitcoin holders to blend their coins.
Nevertheless, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which service can be relied on? How can one be certain that a tumbler will not take all the deposited digital money? This article is here to answer these questions and help every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the leading existing scramblers that were chosen by clients and are highly recommended. Let’s look into the listed mixers and explain all features on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are important features that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular 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 represented in the above table and it is time-delay. This option helps a user and a transaction itself to stay incognito, as there is a gap between the forwarded 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. For 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 best Bitcoin mixing services that has ever appeared. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform 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 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 extra address.
One totally extraordinary crypto tumbler is ChipMixer because it is based on the absolutely another idea comparing to other tumblers. A user does not just deposit coins to mix, but makes a wallet and funds it with chips from 0.02 BTC to 9.121 BTC which a user can divide 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 untraceable and there is no opportunity to connect them with the wallet owner. There is no usual fee for transactions on this mixer: it uses “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 clear all logs before the end of this period. Another coin scrambler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.