Wasabi mixer - Cryptocurrency tumbler
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These traces are essential for the government to track back outlawed transactions, such as purchasing weapon, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being traced, it is possible to use accessible cryptocurrency tumblers and secure sender’s personal identity. Many digital currency owners do not want to inform everyone the amount they gain or how they use up their money.
There is a belief among some web surfers that using a mixing service is an criminal action itself. It is not completely correct. As outlined above, there is a possibility of crypto blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no need 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 picking a digital currency scrambler. Which platform can be relied on? How can one be certain that a tumbler will not steal all the sent coins? This article is here to reply to these questions and help every crypto owner to make the right decision.
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 mixers and describe all features on which attention should be focused.
Since digital money is spinning up worldwide, bitcoin holders have become more aware about the confidentiality of their purchases. Everyone thought that a sender can remain disguised 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 e-mail and even identity can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a cryptocurrency tumbler.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to mix 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. As a result, it is impossible to track the transaction back to a user, so one can stay calm that identity is not disclosed.
Surely all mixers from the table support no-logs and no-registration rule, these are essential options that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some tumblers also allow to mix 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 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 necessary to review each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin mixing services that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to interchange the coins, in other words to send one currency and get them back in another currency. 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 special crypto mixer is ChipMixer because it is based on the absolutely another idea comparing to other services. A user does not merely 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 break down according to their wishes. After chips are added to the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing service in advance, next transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this platform: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and every user has an opportunity to manually clear all logs before the end of this period. Another coin scrambler Mixtum offers you a so-called free trial period meaning 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 renewed coins are gained from stock exchanges.