Cryptocurrency tumbler or cryptocurrency mixing service wiki Wikipedia
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These traces are important for the government to track 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 traced, it is possible to use available cryptocurrency mixing services and secure sender’s personal identity. Many digital currency owners do not want to inform everyone how much they earn or how they use up their money.
There is an opinion among some web users that using a mixer is an illegal action itself. It is not entirely correct. As previously stated, 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 be concerned. There are many services that are here for bitcoin holders to blend their coins.
However, a digital currency owner should pay attention while picking a digital currency scrambler. Which service can be trusted? How can one be certain that a scrambler will not take all the deposited coins? This article is here to answer these questions and assist every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the leading existing mixers that were chosen by users and are highly recommended. Let’s look into the listed coin tumblers and describe all aspects on which attention should be focused.
Since digital money is gaining momentum worldwide, digital money holders have become more aware about the confidentiality of their purchases. Everyone thought that a crypto user can remain disguised while forwarding their digital currencies and it came to light that it is not true. Owing to the implementation of government policies, the transactions are which means that a user’s e-mail 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 mixer.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is a straightforward way to blend several parts of it with other transactions used. In the end a sender gets back an equal quantity 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 identity is not uncovered.
Surely all tumblers from the table support no-logs and no-registration rule, these are critical options that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most regular digital money. Although there are a few crypto tumblers 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 combine 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 feature helps a user and a transaction itself to remain anonymous, as there is a gap between the forwarded 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. For 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 best Bitcoin mixers that has ever existed. This tumbler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to swap the coins, in other words to deposit one currency and get them back 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 unique crypto tumbler is ChipMixer because it is based on the totally another idea comparing to other mixers. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.02 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 deposit coins to process. As the chips are sent to the mixing service in advance, following transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and each sender has a chance to manually clear all logs prior to this period. Another mixing platform Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.