As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These traces are important for the state to track back outlawed transactions, such as purchasing weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use accessible bitcoin tumbling services and secure sender’s personal identity. Many bitcoin holders do not want to let everybody know the amount they earn or how they spend their money.
There is an opinion among some internet surfers that using a scrambler is an illegal action itself. It is not completely true. As previously stated, there is a possibility of cryptocurrency mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no need to be concerned. There are many services that are here for bitcoin holders to tumbler their coins.
Nevertheless, a crypto holder should be careful while picking a crypto mixer. Which platform can be trusted? How can a crypto holder be sure that a tumbler will not steal all the deposited coins? This article is here to answer these concerns and assist every bitcoin holder to make the right choice.
The digital currency mixers presented above are among the leading existing scramblers that were chosen by customers and are highly recommended. Let’s look closely at the listed mixers and explain all aspects on which attention should be focused.
Since cybercash is gaining momentum across the globe, digital money holders have become more conscious about the confidentiality of their affairs. Everyone was of the opinion 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 meaning that a sender’s electronic address and even personal identification information can be revealed. But don’t be frightened, there is an answer to such governmental measures and it is a cryptocurrency mixing service.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is an easy way to mix different parts of it with other transactions used. In the end a sender gets back the same number of coins, but blended in a non-identical set. Therefore, it is impossible to trace the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all crypto mixing services from the table support no-logs and no-registration policy, 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 coin scramblers that mix other coins, 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 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 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 several days or even hours and minutes. For better understanding of crypto tumblers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the best Bitcoin mixers that has ever existed. This tumbler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to send one currency and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature makes a transaction untraceable, 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 mixer is ChipMixer because it is based on the completely another idea comparing to other services. A user does not just deposit coins to clean, but makes a wallet and funds it with chips from 0.04 BTC to 8.192 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing service beforehand, following transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this mixing service: 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 every user has an opportunity to manually clear all logs before the end of this period. Another coin tumbler 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 unusual, as the mixing service requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.