As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These marks play an important role for the government to track back criminal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use available cryptocurrency tumblers and secure sender’s personal identity. Many digital currency owners do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some web surfers that using a tumbler is an criminal action itself. It is not entirely true. As mentioned before, there is a possibility of crypto mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no point to worry. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
However, a crypto holder should be careful while choosing a crypto mixer. Which service can be relied on? How can a crypto holder be sure that a mixing platform will not take all the deposited coins? This article is here to answer these concerns and help every crypto owner to make the right decision.
The crypto scramblers presented above are among the top existing mixers that were chosen by customers and are highly recommended. Let’s look into the listed crypto mixers and describe all options on which attention should be focused.
Since digital money is gaining momentum around the world, digital money holders have become more conscious about the confidentiality of their affairs. Everyone thought that a sender can remain unidentified while depositing their digital currencies and it turned out that it is not true. Owing to public administration controls, the transactions are traceable meaning that a sender’s electronic address and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such governmental measures and it is a Bitcoin tumbler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other transactions used. After all a user gets back the same number of coins, but mixed up in a non-identical set. Consequently, there is no possibility 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 mixing services are used to mix only Bitcoins as the most common cryptocurrency. Although there are a few crypto mixing platforms that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to combine coins between the currencies which makes transactions far less identifiable.
There is one feature that is not displayed in the above table and it is time-delay. This feature 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 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 consider each of them separately.
Based on the experience of many users on the Internet, PrivCoin 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 mixing service allows a user to interchange the coins, in other words to send one currency 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 extra address.
One absolutely special crypto mixer is ChipMixer because it is based on the totally different rule comparing to other services. A user does not merely deposit coins to clean, but makes a wallet and funds it with chips from 0.04 BTC to 15.638 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing platform in advance, following transactions are nowhere to be found and there is no opportunity to connect them with the wallet owner. There is no standard fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually cleanse 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 applied. The process of getting renewed coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.