As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks are important for the authorities to trace back criminal transactions, such as buying 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 available cryptocurrency tumbling services and secure sender’s personal identity. Many crypto holders do not want to let everybody know how much they gain or how they use up their money.
There is a belief among some internet users that using a scrambler is an criminal action itself. It is not completely true. As previously stated, there is a possibility of cryptocurrency mixing to become unlawful, 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.
Nevertheless, a crypto holder should be careful while picking a digital currency scrambler. Which service can be trusted? How can one be sure that a mixing platform will not take all the deposited coins? This article is here to reply to these questions and assist every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the leading existing tumblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed mixers and describe all aspects on which attention should be focused.
Since cybercash is gaining momentum across the globe, bitcoin holders have become more aware about the anonymity of their affairs. Everyone used to believe that a sender can remain unidentified while depositing their coins and it came to light that it is not true. Owing to the implementation of government policies, the transactions are detectable meaning that a sender’s electronic address and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a Bitcoin tumbler.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is an easy way to blend different parts of it with other transactions used. In the end a sender 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 uncovered.
Surely all mixers from the table support no-logs and no-registration rule, these are important features that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some tumblers also allow to blend coins between the currencies which makes transactions far less trackable.
There is one feature 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 outgoing 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, Blender is one of the top Bitcoin mixers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and get them back in another currency. This process even increases user’s anonymity. Time-delay feature helps to make a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One completely special crypto tumbler is ChipMixer because it is based on the absolutely different principle comparing to other mixers. A user does not just deposit coins to mix, but creates a wallet and funds it with chips from 0.02 BTC to 9.121 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing platform prior to the transaction, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this mixer: 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 an opportunity to manually clear all logs before the end of this period. Another mixing service Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting clean 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.