Cryptocurrency tumbler
As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves traces. These traces are essential for the government to track back outlawed transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use accessible crypto tumblers and secure sender’s identity. Many digital currency holders do not want to inform everyone how much they gain or how they use up their money.
There is a belief among some internet users that using a mixing service is an illegal action itself. It is not completely correct. As outlined above, there is a possibility of cryptocurrency mixing to become illegal, 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 blend their coins.
Nevertheless, a crypto holder should be careful while picking a crypto mixer. Which service can be relied on? How can one be sure that a mixing platform will not steal all the deposited digital money? 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 top existing mixers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers and describe all aspects on which attention should be focused.
Since digital currency is spinning up worldwide, bitcoin holders have become more aware about the anonymity of their transactions. Everyone was of the opinion that a crypto user can remain unidentified while depositing their digital currencies and it came to light that it is untrue. Because of the implementation of government policies, the transactions are traceable which means that a user’s e-mail and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a cryptocurrency mixing service.
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 different parts of it with other coins. After all a user 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 user, so one can stay calm that personal identification information is not revealed.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are critical aspects that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most common digital money. Although there is a couple of crypto mixing platforms that mix other coins, 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 option that is not displayed 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 a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, 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 mixers that has ever appeared. This scrambler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this mixing service 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 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 unique crypto tumbler is ChipMixer because it is based on the absolutely another idea comparing to other services. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.04 BTC to 9.121 BTC which a user can divide according to their wishes. After chips are added to the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing service prior to the transaction, following 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 platform: it applies “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 a chance 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 charged. The process of getting renewed coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.
