As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These traces are important 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 available bitcoin mixing services and secure sender’s identity. Many bitcoin holders do not want to let everybody know the amount they gain or how they use up their money.
There is a belief among some internet users that using a mixer is an illegal action itself. It is not entirely correct. As outlined above, 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 services that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a crypto holder should pay attention while picking a bitcoin tumbler. Which service can be relied on? How can a crypto holder be sure that a mixer will not take all the sent digital money? This article is here to answer these questions and assist every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the leading existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed crypto mixers and describe all aspects on which attention should be focused.
As digital currency is spinning up worldwide, digital money holders have become more conscious about the anonymity of their affairs. Everyone thought that a sender can remain incognito while depositing their digital currencies and it came to light that it is not true. Because of public administration controls, the transactions are identifiable which means that a sender’s e-mail and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a crypto mixer.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is a straightforward way to blend several parts of it with other coins. In the end a user gets back an equal quantity of coins, but blended in a non-identical set. Consequently, it is impossible to track the transaction back to a user, so one can stay calm that personal identification information is not uncovered.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are critical aspects that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most common digital money. Although there are a few coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to mix coins between the currencies which makes transactions far less identifiable.
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 deposited coins and the outgoing transaction. In most cases, users can set the time of delay on their own and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, Blender is one of the leading Bitcoin tumblers that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this mixing service 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 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 absolutely extraordinary crypto tumbler is ChipMixer because it is based on the completely another principle 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 16.2 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 prior to the transaction, 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 mixing service: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous 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 meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the tumbler requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.