As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These marks are essential for the government to trace back criminal 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 traced, it is possible to use accessible crypto mixers and secure sender’s identity. Many digital currency holders do not want to let everybody know the amount they gain or how they spend their money.
There is an opinion among some web users that using a mixing service is an illegal action itself. It is not entirely correct. 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 point to be concerned. There are many services that are here for bitcoin holders to mix their coins.
However, a digital currency owner should be careful while choosing a bitcoin tumbler. Which platform can be trusted? How can a crypto holder be certain that a tumbler will not steal all the deposited coins? This article is here to answer these concerns and assist every crypto owner to make the right choice.
The digital currency mixers presented above are among the best existing mixers that were chosen by customers and are highly recommended. Let’s look into the listed coin tumblers and explain all features on which attention should be focused.
As digital currency is gaining momentum worldwide, bitcoin holders have become more conscious about the anonymity of their transactions. Everyone thought that a sender can remain incognito while forwarding their coins and it turned out that it is not true. Because 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 worried, there is an answer to such governmental measures and it is a Bitcoin scrambler.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is a straightforward way to mix several parts of it with other transactions used. In the end a sender gets back the same number of coins, but mixed up in a completely different set. Therefore, it is impossible to trace the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.
Surely all mixers from the table support no-logs and no-registration rule, these are essential options that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most regular 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 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 option helps a user and a transaction itself to stay incognito, 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 a couple of days or even hours and minutes. For better understanding of crypto tumblers, 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 Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to swap the coins, in other words to send one currency and receive them in another currency. This process even increases user’s confidentiality. 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 absolutely extraordinary crypto mixing service is ChipMixer because it is based on the completely different rule comparing to other mixers. A user does not merely deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 13.734 BTC which a user can split 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, next transactions are nowhere to be found and it is not possible to connect them with the wallet owner. 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 unidentified and the service itself more affordable. Retention period is 7 days and every user has an opportunity to manually cleanse all logs prior to this period. Another coin scrambler 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 mixing service requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.