Wasabi mixer. Cryptocurrency tumbler
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves marks. These traces are important for the authorities to trace back outlawed transactions, such as purchasing 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 tumblers and secure sender’s identity. Many digital currency holders do not want to let everybody know how much they gain or how they use up their money.
There is an opinion among some internet surfers that using a tumbler is an illegal action itself. It is not completely true. As previously stated, there is a possibility of coin blending to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no reason to be concerned. There are many platforms that are here for bitcoin holders to blend their coins.
However, a digital currency owner should be careful while choosing a bitcoin tumbler. Which platform can be trusted? How can a crypto holder be sure that a scrambler will not take all the sent digital money? This article is here to reply to these questions and help every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the leading existing mixers that were chosen by customers and are highly recommended. Let’s look into the listed coin tumblers and describe all aspects on which attention should be focused.
Since digital currency is gaining momentum across the globe, digital money holders have become more aware about the anonymity of their purchases. Everyone used to believe that a crypto user can remain unidentified while forwarding their coins and it came to light that it is not true. 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 worried, there is an answer to such public administration controls and it is a crypto tumbler.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to blend different parts of it with other transactions used. In the end a user gets back an equal quantity of coins, but blended in a non-identical set. Therefore, there is no possibility to trace the transaction back to a user, so one can stay calm that identity is not revealed.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are critical features that should not be overlooked. Most of the mixing services 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 give a sender more opportunities, some mixing services also allow to combine coins between the currencies which makes transactions far less traceable.
There is one option that is not represented in the above table and it is time-delay. This option helps a user and a transaction itself to stay incognito, as there is a gap between the deposited coins and the outcoming 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 tumblers, it is essential to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixing services that has ever existed. This mixer 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 currency and receive them 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 additional address.
One totally extraordinary crypto tumbler is ChipMixer because it is based on the totally different idea comparing to other services. A user does not just 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 divide according to their wishes. After chips are added to the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing platform prior to the transaction, following transactions are untraceable and it is not possible to connect them with the wallet holder. There is no standard fee for transactions on this platform: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and every user 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 meaning that there are no service or transaction fee charged. The process of getting clean coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.