Since digital currency is gaining momentum across the globe, digital money holders have become more conscious about the anonymity of their transactions. Everyone was of the opinion that a sender can remain incognito while depositing their digital currencies and it turned out that it is untrue. Owing to public administration controls, the transactions are meaning that a sender’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 crypto tumbler is a software program that splits a transaction, so there is a straightforward way to mix several parts of it with other coins. After all a user gets back the same number of coins, but mixed up in a non-identical set. Therefore, there is no possibility to trace the transaction back to a user, so one can stay calm that personal identification information is not revealed.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves marks. These traces are essential for the state to track back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being tracked, it is possible to use accessible cryptocurrency tumblers and secure sender’s personal identity. Many crypto holders do not want to inform everyone how much they gain or how they spend their money.
There is an opinion among some internet users that using a mixer is an criminal action itself. It is not completely true. As outlined above, there is a possibility of cryptocurrency mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no reason to be concerned. There are many platforms that are here for bitcoin holders to mix their coins.
However, a digital currency owner should be careful while choosing a crypto mixer. Which platform can be trusted? How can a crypto holder be certain that a tumbler will not take all the deposited digital money? This article is here to reply to these questions and assist every bitcoin holder to make the right choice.
The crypto scramblers presented above are among the best existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed coin tumblers and describe all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are critical features that should not be overlooked. Most of the mixers 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 provide a sender with more opportunities, some tumblers also allow to blend 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 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 tumblers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, Blender is one of the top Bitcoin mixers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this mixing service allows a user to exchange the coins, in other words to deposit one type of coins and receive them in another currency. This process even increases user’s confidentiality. Time-delay feature makes a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One absolutely extraordinary crypto mixer is ChipMixer because it is based on the totally different rule comparing to other services. A user does not just deposit coins to mix, but creates a wallet and funds it with chips from 0.04 BTC to 8.192 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet owner can forward coins to process. As the chips are sent to the mixing service beforehand, next transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this tumbler: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and every user has an opportunity to manually clear all logs before the end of 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 renewed coins is also quite unique, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.