As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These traces play an important role for the authorities to track back illegal 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 available crypto tumblers and secure sender’s personal identity. Many crypto owners do not want to inform everyone how much they gain or how they spend their money.
There is an opinion among some internet surfers that using a mixing service is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of crypto blending to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no reason to worry. There are many platforms that are here for cryptocurrency owners to mix their coins.
However, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which service can be relied on? How can one be sure that a tumbler will not steal all the sent coins? This article is here to reply to these questions and help every bitcoin holder to make the right decision.
The digital currency mixers presented above are among the top existing scramblers that were chosen by users and are highly recommended. Let’s look into the listed crypto mixers and explain all aspects on which attention should be focused.
Since digital money is gaining momentum worldwide, bitcoin holders have become more aware about the confidentiality of their affairs. Everyone thought that a sender can remain unidentified while depositing their digital currencies and it came to light that it is not true. Owing to the implementation of government policies, the transactions are traceable which means that a user’s e-mail and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a crypto scrambler.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is an easy way to blend several parts of it with other transactions used. After all a user gets back the same number of coins, but blended in a completely different set. Therefore, there is no way to trace the transaction back to a user, 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 critical options that should not be neglected. 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 opportunities, some tumblers also allow to combine coins between the currencies which makes transactions far less trackable.
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 mixers, it is necessary to review each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to exchange 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 totally special crypto tumbler is ChipMixer because it is based on the completely different rule comparing to other services. A user does not merely deposit coins to clean, but makes a wallet and funds it with chips from 0.03 BTC to 14.954 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet holder can send 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 standard fee for transactions on this tumbler: it uses “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 cost-effective. Retention period is 7 days and every user has a chance to manually clear 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 renewed coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.