As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These traces are important for the authorities to track back illegal 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 traced, it is possible to use available cryptocurrency mixing services and secure sender’s identity. Many crypto holders do not want to inform everyone how much they earn or how they use up their money.
There is an opinion among some web users that using a mixing service is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of crypto mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no point to worry. There are many platforms that are here for bitcoin holders to blend their coins.
Nevertheless, a crypto holder should be careful while choosing a digital currency scrambler. Which platform can be relied on? How can one be certain that a mixer will not steal all the sent digital money? This article is here to answer these questions and assist every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the best existing scramblers that were chosen by clients and are highly recommended. Let’s look into the listed coin tumblers and describe all options on which attention should be focused.
As digital currency is gaining momentum worldwide, digital money holders have become more conscious about the anonymity of their affairs. Everyone thought that a sender can remain incognito while depositing their digital currencies and it turned out that it is not true. On account of the implementation of government policies, the transactions are which means that a sender’s e-mail and even identity can be disclosed. But don’t be worried, there is an answer to such public administration controls and it is a cryptocurrency tumbler.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is a straightforward way to blend several parts of it with other coins. After all a sender gets back an equal quantity of coins, but blended in a completely different set. Consequently, it is impossible to track the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all mixers from the table support no-logs and no-registration rule, these are essential options that should not be disregarded. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. 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 options, some mixing services also allow to blend coins between the currencies which makes transactions far less traceable.
There is one feature that is not represented 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 sent 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. 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, CoinMixer is one of the leading Bitcoin mixing services that has ever appeared. This mixer supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this platform allows a user to interchange the coins, in other words to send one type of coins and receive them in another type of coins. This process even increases user’s confidentiality. 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 unique crypto tumbler is ChipMixer because it is based on the totally different rule comparing to other tumblers. A user does not just deposit coins to mix, but makes a wallet and funds it with chips from 0.04 BTC to 16.2 BTC which a user can break down according to their wishes. After chips are included in the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing platform beforehand, following transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this platform: it applies “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 every user has a chance to manually cleanse 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 charged. 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.