As bitcoin is gaining momentum across the globe, digital money holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain incognito while forwarding their digital currencies and it turned out that it is untrue. Because of public administration controls, the transactions are traceable meaning that a sender’s electronic address and even identity can be revealed. But don’t be worried, there is an answer to such governmental measures and it is a crypto 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. As a result, there is no way to track the transaction back to a user, so one can stay calm that identity is not disclosed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks are important for the government to track back outlawed transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible cryptocurrency mixers and secure sender’s identity. Many crypto holders do not want to let everybody know how much they earn or how they spend their money.
There is an opinion among some web users that using a mixing service is an criminal action itself. It is not completely correct. As previously stated, there is a possibility of crypto 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 bitcoin holders to tumbler their coins.
However, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which platform can be trusted? How can one be sure that a mixing platform will not take all the sent coins? This article is here to answer these questions and assist every bitcoin holder to make the right choice.
The crypto scramblers presented above are among the leading existing tumblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers and explain all features on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are critical aspects that should not be overlooked. Most of the mixers 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 tumblers also allow to combine coins between the currencies which makes transactions far less traceable.
There is one feature 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 deposited 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. To get a better understanding of crypto tumblers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin tumblers that has ever existed. 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 deposit one type of coins and receive them in another type of coins. This process even increases user’s anonymity. Time-delay feature helps to make a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One absolutely extraordinary crypto mixer is ChipMixer because it is based on the absolutely another rule comparing to other mixers. A user does not merely deposit coins to clean, but makes a wallet and funds it with chips from 0.01 BTC to 16.2 BTC which a user can break down 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 owner. 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 unidentified and the service itself more cost-effective. Retention period is 7 days and each sender has a chance to manually cleanse all logs prior to 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 renewed coins is also quite unique, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.