As maybe some of you know, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These traces are essential for the government to track back illegal transactions, such as purchasing weapon, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible bitcoin tumbling services and secure sender’s personal identity. Many digital currency holders do not want to let everybody know the amount they gain or how they spend their money.
There is an opinion among some internet users that using a scrambler is an illegal action itself. It is not completely correct. As outlined above, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no point to be concerned. There are many platforms that are here for bitcoin holders to mix their coins.
However, a crypto holder should pay attention while choosing a crypto mixer. Which platform can be trusted? How can one be certain that a mixer 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 choice.
The digital currency mixers presented above are among the leading existing mixers that were chosen by users and are highly recommended. Let’s take a closer look at the listed mixers and describe 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 anonymity of their transactions. Everyone was of the opinion that a crypto user can remain incognito while depositing their coins and it turned out that it is not true. Because of public administration controls, the transactions are traceable meaning that a user’s electronic address and even identity can be disclosed. But don’t be worried, there is an answer to such governmental measures and it is a cyber money mixing service.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is a straightforward way to blend different parts of it with other transactions used. In the end a user gets back the same number of coins, but mixed up in a completely different set. Consequently, there is no way 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 rule, 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 is a couple of crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some tumblers 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 option helps a user and a transaction itself to stay incognito, as there is a gap between the deposited coins and the outcoming 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 tumblers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, CryptoMixer is one of the leading Bitcoin mixers that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to deposit one currency and get them back in another type of coins. This process even increases user’s anonymity. 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 extra address.
One completely special crypto tumbler is ChipMixer because it is based on the totally another principle comparing to other tumblers. A user does not simply deposit coins to clean, but creates a wallet and funds it with chips from 0.02 BTC to 16.2 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service in advance, following transactions are nowhere to be found and it is not possible to connect them with the wallet holder. There is no standard 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 each sender has an opportunity to manually cleanse all logs before the end of this period. Another coin tumbler Mixtum offers you a so-called free trial period what means 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.