As digital currency is gaining momentum worldwide, bitcoin holders have become more conscious about the anonymity of their affairs. Everyone was of the opinion that a crypto user can remain incognito while forwarding their coins and it turned out that it is not true. Because of the implementation of government policies, the transactions are meaning that a sender’s electronic address and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a cryptocurrency tumbler.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is an easy way to blend several parts of it with other coins. After all a sender gets back the same number of coins, but mixed up in a completely different set. As a result, there is no possibility to trace the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves traces. These traces play an important role for the state to trace back outlawed transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being traced, it is possible to use accessible crypto mixers and secure sender’s identity. Many bitcoin owners do not want to inform everyone how much they earn or how they spend their money.
There is a belief among some internet surfers that using a mixing service is an criminal action itself. It is not entirely 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 need 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 relied on? How can one be sure that a tumbler will not take all the deposited coins? This article is here to reply to these questions and help every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers and explain all aspects on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration rule, these are critical options that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most common digital money. Although there is a couple of crypto mixing platforms that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some tumblers also allow to blend coins between the currencies which makes transactions far less traceable.
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 sent 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. 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, Blender is one of the leading Bitcoin tumblers that has ever existed. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to deposit one type of coins and receive them in another type of coins. 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 extraordinary crypto tumbler is ChipMixer because it is based on the completely another idea comparing to other tumblers. A user does not merely deposit coins to mix, but creates a wallet and funds it with chips from 0.02 BTC to 10.11 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, following transactions are untraceable and it is not possible to connect them with the wallet owner. 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 unidentified 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 clean coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.