Since digital currency is gaining momentum around the world, digital money holders have become more aware about the anonymity of their affairs. Everyone thought that a crypto user can remain unidentified while forwarding their digital currencies and it came to light that it is untrue. Owing to the implementation of government policies, the transactions are meaning that a user’s e-mail and even personal identification information can be disclosed. But don’t be worried, there is an answer to such public administration controls and it is a cyber money mixer.
To make it clear, a cryptocurrency mixing service 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 user gets back the same number of coins, but mixed up in a non-identical set. Therefore, there is no way to trace the transaction back to a user, so one can stay calm that identity is not disclosed.
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves traces. These traces are important for the government to track back outlawed transactions, such as buying weapon, 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 accessible crypto tumblers and secure sender’s personal identity. Many crypto holders do not want to inform everyone how much they earn or how they spend their money.
There is an opinion among some internet surfers that using a tumbler is an criminal action itself. It is not entirely true. As mentioned before, there is a possibility of cryptocurrency mixing to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no point to be concerned. There are many platforms that are here for bitcoin holders to blend their coins.
Nevertheless, a digital currency owner should pay attention while picking a crypto mixer. Which platform can be relied on? How can one be sure that a mixing platform will not steal all the deposited coins? This article is here to reply to these questions and help every bitcoin holder to make the right decision.
The crypto scramblers presented above are among the best existing tumblers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed coin tumblers and describe all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential options 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 crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to combine coins between the currencies which makes transactions far less identifiable.
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 stay incognito, as there is a gap between the sent coins and the outcoming 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 mixers, it is necessary to review each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned 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 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 additional address.
One absolutely extraordinary crypto tumbler is ChipMixer because it is based on the absolutely another principle comparing to other tumblers. A user does not just deposit coins to mix, but creates a wallet and funds it with chips from 0.03 BTC to 10.11 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 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 each sender has an opportunity to manually clear all logs before the end of this period. Another mixing service 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 mixer requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.