As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These marks are essential for the government to track 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 traced, it is possible to use available bitcoin mixing services and secure sender’s identity. Many digital currency owners do not want to inform everyone the amount they earn or how they spend their money.
There is an opinion among some internet users that using a mixer is an illegal action itself. It is not completely correct. As outlined above, there is a possibility of crypto mixing to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no point to be concerned. There are many platforms that are here for bitcoin holders to tumbler their coins.
However, a digital currency owner should pay attention while picking a digital currency scrambler. Which platform can be trusted? How can a crypto holder be certain that a mixer will not steal all the sent digital money? This article is here to reply to these questions and assist every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the best existing tumblers that were chosen by customers and are highly recommended. Let’s look into the listed coin tumblers and describe all aspects on which attention should be focused.
As cybercash is spinning up worldwide, digital money holders have become more aware about the anonymity of their affairs. Everyone was of the opinion that a sender can remain disguised while forwarding their coins and it came to light that it is not true. Because of public administration controls, the transactions are meaning that a sender’s e-mail and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a crypto mixing service.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is a straightforward way to blend different parts of it with other coins. In the end a sender gets back an equal quantity of coins, but blended in a non-identical set. Therefore, 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 tumblers from the table support no-logs and no-registration rule, these are important options 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 cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some mixing services also allow to blend coins between the currencies which makes transactions far less identifiable.
There is one option that is not displayed 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 deposited coins and the outgoing transaction. In most cases, users can set the time of delay by themselves and it can be a couple of days or even hours and minutes. For better understanding of crypto tumblers, it is essential to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin mixing services that has ever existed. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this mixing service allows a user to exchange the coins, in other words to send one type of coins and receive them in another type of coins. This process even increases user’s anonymity. Time-delay feature helps to make a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One completely unique crypto mixer is ChipMixer because it is based on the completely different principle comparing to other services. 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 divide 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 platform in advance, following transactions are nowhere to be found and it is not possible to connect them with the wallet owner. There is no standard fee for transactions on this mixing service: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and every user has a chance to manually cleanse 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 applied. 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 acquired from stock exchanges.