Bitcoin mixer reddit. Cryptocurrency tumbler
As maybe some of you realize, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These traces play an important role for the government to track back outlawed transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being traced, it is possible to use available bitcoin tumblers and secure sender’s identity. Many digital currency holders do not want to inform everyone how much they earn or how they use up their money.
There is a belief among some web users that using a tumbler is an criminal action itself. It is not completely true. As mentioned before, there is a possibility of crypto blending to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to tumbler their coins.
However, a digital currency owner should be careful while picking a bitcoin tumbler. Which service can be trusted? How can a crypto holder be certain that a mixing platform will not take all the deposited digital money? This article is here to answer these questions and help every bitcoin holder to make the right choice.
The crypto scramblers presented above are among the leading existing tumblers that were chosen by customers and are highly recommended. Let’s look into the listed crypto mixers and explain all features on which attention should be focused.
As digital money is gaining momentum across the globe, bitcoin holders have become more aware about the confidentiality of their transactions. Everyone used to believe that a sender can remain disguised while depositing their digital currencies and it came to light that it is not true. On account of public administration controls, the transactions are identifiable which means that a user’s electronic address 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 mixing service.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is a straightforward way to blend several parts of it with other transactions used. In the end a sender gets back the same number of coins, but blended in a non-identical set. Consequently, there is no possibility to trace the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.
Surely all mixers from the table support no-logs and no-registration policy, these are essential features that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most regular 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 options, some tumblers also allow to blend coins between the currencies which makes transactions far less trackable.
There is one feature that is not represented in the above table and it is time-delay. This feature helps a user and a transaction itself to remain anonymous, 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 a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, CryptoMixer is one of the best Bitcoin mixers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to send one type of coins and get them back in another currency. This process even increases user’s confidentiality. Time-delay feature makes a transaction less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One absolutely special crypto mixer is ChipMixer because it is based on the completely different principle comparing to other tumblers. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 10.11 BTC which a user can break down according to their wishes. After chips are added to 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 owner. 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 cost-effective. Retention period is 7 days and every user has a chance to manually clear all logs prior to 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 clean coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.