As digital money is spinning up around the world, bitcoin holders have become more conscious about the confidentiality of their affairs. Everyone used to believe that a crypto user can remain unidentified while depositing their digital currencies and it came to light that it is not true. Owing to public administration controls, the transactions are detectable meaning that a user’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a crypto scrambler.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is an easy way to blend different parts of it with other transactions used. In the end a sender gets back the same number of coins, but blended in a completely different set. Consequently, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not uncovered.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These marks play an important role for the state to track back illegal transactions, such as purchasing 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 accessible cryptocurrency mixing services and secure sender’s identity. Many crypto owners do not want to let everybody know how much they earn or how they use up their money.
There is an opinion among some web surfers that using a mixing service is an criminal action itself. It is not completely correct. 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 blend their coins.
Nevertheless, a crypto holder should be careful while picking a digital currency scrambler. Which platform can be trusted? How can a crypto holder be sure that a mixer will not take all the sent coins? This article is here to answer these concerns and assist every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the top existing tumblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed coin tumblers 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 important 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 coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to blend coins between the currencies which makes transactions far less traceable.
There is one feature that is not displayed 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 deposited 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. To get a better understanding of crypto tumblers, it is necessary to review each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixers that has ever appeared. This scrambler 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 currency and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature makes a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One absolutely extraordinary crypto tumbler is ChipMixer because it is based on the totally different idea comparing to other services. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.03 BTC to 14.954 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 platform beforehand, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and every user has a chance to manually clear all logs prior to this period. Another mixing service 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 unusual, as the mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.