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 state to track back illegal transactions, such as buying weapon, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being traced, it is possible to use available bitcoin tumbling services and secure sender’s personal identity. Many bitcoin owners do not want to inform everyone the amount they gain or how they use up their money.
There is a belief among some web users that using a mixing service is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of crypto mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no reason to be concerned. There are many platforms that are here for cryptocurrency owners to blend their coins.
However, a digital currency owner should be careful while choosing a digital currency scrambler. Which service can be trusted? 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 assist every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the top existing mixers that were chosen by users and are highly recommended. Let’s look into the listed crypto mixers 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 anonymity of their purchases. Everyone was of the opinion that a crypto user can remain unidentified while depositing their coins and it turned out that it is not true. Owing to the implementation of government policies, the transactions are identifiable which means that a user’s electronic address and even personal identification information can be revealed. But don’t be worried, there is an answer to such public administration controls and it is a crypto tumbler.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is an easy way to mix different parts of it with other transactions used. After all a sender gets back the same number of coins, but mixed up in a completely different set. Consequently, there is no possibility to track 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 features that should not be overlooked. Most of the mixing platforms 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 options, some mixing services also allow to combine coins between the currencies which makes transactions far less identifiable.
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 stay incognito, as there is a gap between the forwarded coins and the outgoing transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, CryptoMixer is one of the leading Bitcoin tumblers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to swap the coins, in other words to send one type of coins and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature helps to make a transaction less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One totally special crypto mixer is ChipMixer because it is based on the absolutely different rule comparing to other services. A user does not merely deposit coins to mix, but creates 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 included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing platform in advance, following transactions are untraceable and there is no opportunity to connect them with the wallet owner. There is no usual fee for transactions on this mixer: it uses “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 affordable. Retention period is 7 days and every user has an opportunity to manually cleanse all logs prior to this period. Another mixing platform Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting clean 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.