As digital currency is gaining momentum across the globe, digital money holders have become more aware about the anonymity of their purchases. Everyone thought that a crypto user can remain incognito while forwarding their digital currencies and it came to light that it is not true. On account of the implementation of government policies, the transactions are identifiable 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 public administration controls and it is a cyber money mixing service.
To make it clear, a crypto tumbler 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 sender gets back the same number of coins, but mixed up in a non-identical set. Therefore, it is impossible to track the transaction back to a user, so one can stay calm that personal identification information is not uncovered.
As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves marks. These traces are important for the state to trace back illegal 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 bitcoin mixers and secure sender’s personal identity. Many digital currency owners do not want to let everybody know how much they earn or how they spend their money.
There is a belief among some web surfers 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 illegal actions, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to blend their coins.
However, a digital currency owner should pay attention while picking a crypto mixer. Which platform can be relied on? How can one be certain that a scrambler will not steal all the deposited digital money? This article is here to answer these concerns and help every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the top existing scramblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed coin tumblers and explain all options on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are important options that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there are a few crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to combine coins between the currencies which makes transactions far less traceable.
There is one option that is not represented 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 sent 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 mixers, it is essential to consider 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 appeared. This scrambler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to send one type of coins and get them back 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 extraordinary crypto mixing service is ChipMixer because it is based on the totally another rule comparing to other services. A user does not simply deposit coins to clean, but creates a wallet and funds it with chips from 0.02 BTC to 14.954 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing platform beforehand, following transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this platform: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs before the end of this period. Another coin scrambler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. 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 obtained from stock exchanges.