As digital money is spinning up across the globe, digital money holders have become more aware about the confidentiality of their transactions. Everyone was of the opinion that a sender can remain unidentified while depositing their digital currencies and it came to light that it is untrue. Owing to the implementation of government policies, the transactions are meaning that a user’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 cyber money tumbler.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is an easy way to blend different parts of it with other coins. After all a sender gets back the same number of coins, but mixed up in a completely different set. Consequently, it is impossible to trace the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.
As maybe some of you realize, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These marks play an important role for the government to trace back illegal transactions, such as buying 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 crypto mixing services and secure sender’s identity. Many bitcoin owners do not want to inform everyone the amount they earn or how they use up their money.
There is a belief among some web surfers that using a scrambler is an illegal action itself. It is not completely true. As previously stated, there is a possibility of crypto mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no point to worry. There are many platforms that are here for bitcoin holders to mix their coins.
However, a digital currency owner should pay attention while choosing a digital currency scrambler. Which service can be relied on? How can one be sure that a mixer will not steal all the deposited coins? This article is here to reply to these questions and assist every bitcoin holder to make the right decision.
The digital currency mixers presented above are among the top existing mixers that were chosen by customers and are highly recommended. Let’s look closely at the listed mixers and explain all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are important features 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 opportunities, some tumblers also allow to mix coins between the currencies which makes transactions far less trackable.
There is one option that is not represented in the above table and it is time-delay. This option helps a user and a transaction itself to stay incognito, as there is a gap between the deposited coins and the outcoming 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 essential to review each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin mixing services that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to send one currency and receive them in another type of coins. This process even increases user’s anonymity. Time-delay feature makes 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 special crypto tumbler is ChipMixer because it is based on the completely another rule comparing to other mixers. A user does not simply deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 9.121 BTC which a user can break down 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 prior to the transaction, next transactions are untraceable and there is no opportunity to connect them with the wallet owner. There is no standard fee for transactions on this tumbler: 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 an opportunity 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 clean coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.