Bitcoin mixer wiki
As cybercash is gaining momentum worldwide, bitcoin holders have become more aware about the anonymity of their purchases. Everyone used to believe that a sender can remain disguised while depositing their coins and it turned out that it is untrue. Because of public administration controls, the transactions are identifiable which means that a sender’s electronic address and even identity can be revealed. But don’t be frightened, there is an answer to such public administration controls and it is a Bitcoin tumbler.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is a straightforward way to blend different parts of it with other coins. In the end a user gets back an equal quantity of coins, but blended in a completely different set. Consequently, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These marks 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 associated with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible cryptocurrency tumblers and secure sender’s identity. Many crypto holders do not want to let everybody know the amount they gain or how they spend their money.
There is a belief among some internet surfers that using a scrambler is an illegal action itself. It is not completely true. As previously stated, there is a possibility of coin 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 mix their coins.
Nevertheless, a digital currency owner should pay attention while choosing a crypto mixer. Which service can be relied on? How can a crypto holder be sure that a tumbler will not steal all the sent digital money? This article is here to reply to these concerns and assist every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the best existing tumblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed mixers and describe all aspects on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration policy, these are critical features that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with 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 represented in the above table and it is time-delay. This option helps a user and a transaction itself to remain anonymous, as there is a gap between the forwarded 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 tumblers, it is essential to review each of them separately.
Based on the experience of many users on the Internet, CryptoMixer is one of the best Bitcoin tumblers that has ever appeared. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to deposit one type of coins and get them back in another currency. 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 special crypto mixing service is ChipMixer because it is based on the completely different idea comparing to other services. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.03 BTC to 14.954 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet owner can forward 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 applies “Pay what you like” feature. It means that the fee is applied in a random way 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 before the end of this period. Another coin tumbler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.