As bitcoin is gaining momentum across the globe, bitcoin holders have become more aware about the confidentiality of their transactions. Everyone used to believe that a sender can remain unidentified while forwarding their digital currencies and it came to light that it is untrue. Owing to public administration controls, 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 governmental measures and it is a crypto mixing service.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to blend different parts of it with other coins. In the end a user gets back the same number of coins, but blended in a completely different set. Therefore, it is impossible to track the transaction back to a user, so one can stay calm that identity is not uncovered.
As maybe some of you realize, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These marks are important for the authorities to track back criminal transactions, such as purchasing weapon, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being traced, it is possible to use accessible cryptocurrency mixing services and secure sender’s identity. Many crypto owners do not want to let everybody know the amount they earn or how they use up their money.
There is an opinion among some internet surfers that using a scrambler is an criminal action itself. It is not completely correct. As outlined above, there is a possibility of cryptocurrency mixing to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no need to be concerned. There are many services that are here for cryptocurrency owners to mix their coins.
However, a crypto holder should pay attention while choosing a bitcoin tumbler. Which platform can be trusted? How can a crypto holder be certain that a mixing platform will not steal all the deposited digital money? This article is here to reply to these concerns and assist every bitcoin holder to make the right decision.
The crypto scramblers presented above are among the best existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed 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 cryptocurrency. Although there are a few crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers also allow to combine 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 remain anonymous, as there is a gap between the forwarded 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 mixers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixing services that has ever appeared. 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 send one type of coins and get them back in another currency. This process even increases user’s anonymity. Time-delay feature makes a transaction hardly 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 different rule comparing to other tumblers. A user does not just deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 9.121 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service beforehand, following transactions are untraceable and it is not possible to connect them with the wallet holder. There is no standard fee for transactions on this tumbler: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more unidentified and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually clear all logs prior to this period. Another coin scrambler 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 tumbler requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.