Since cybercash is gaining momentum across the globe, digital money holders have become more aware about the anonymity of their transactions. 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. On account of the implementation of government policies, the transactions are meaning that a user’s electronic address and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a Bitcoin mixer.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is a straightforward way to blend different parts of it with other coins. In the end a sender gets back the same number of coins, but blended in a completely different set. Consequently, it is impossible to trace the transaction back to a user, so one can stay calm that personal identification information is not uncovered.
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These traces are essential for the government to trace back outlawed 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 accessible crypto tumblers and secure sender’s identity. Many crypto holders do not want to inform everyone how much they gain or how they spend their money.
There is a belief among some web surfers that using a scrambler is an illegal action itself. It is not entirely correct. As previously stated, there is a possibility of cryptocurrency mixing 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 crypto holder should pay attention while picking a digital currency scrambler. Which platform can be relied on? How can one be sure that a mixer will not take all the deposited digital money? This article is here to reply to these questions and help every bitcoin holder to make the right decision.
The digital currency mixers presented above are among the top existing scramblers that were chosen by clients and are highly recommended. Let’s look into the listed coin tumblers and explain all aspects on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are essential aspects that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few crypto mixing platforms 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 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 outcoming transaction. In most cases, users can set the time of delay by themselves and it can be a couple of days or even hours and minutes. To get a better understanding of crypto mixers, it is essential to consider each of them separately.
Blender has a straightforward interface, it is intuitive to use and simple. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per outgoing address. As one of the few, this mixer provides a user with a special mixing code which assures that new crypto coins are not mixed with preceding deposits. Additional URL (Blender) is also here to make certain that senders can get to the scrambler, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing service is noteworthy for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is clearly that users can trust this mixing service and their deposits will not be taken. The number of needed confirmations differs depending on the deposited amount, e.g. for sending less that 25 BTC there is only 1 confirmation required, in case of sending more than 1000 BTC a user needs to gather 5 confirmations.
To operate on this crypto tumbler, a CryptoMixer code needs to be created. A user should write it down, so it is possible to use it next time. After providing a CryptoMixer code, users need to enter the output address or several of them and then set a time-delay option. A delay time is determined automatically and a user can modify it if needed. A service fee can be also chosen from the table depending on the deposited sum. Every transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the number of coins sent and got back after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and receive them in another currency. 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 additional address.
One completely extraordinary crypto tumbler is ChipMixer because it is based on the absolutely different idea comparing to other services. A user does not simply deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can break down according to their wishes. After chips are added to the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing platform prior to the transaction, following transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this platform: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more unidentified and the service itself more affordable. 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 applied. The process of getting clean coins is also quite unusual, as the mixing service requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.
It should be pointed out that random amounts are sent in two and more transactions to make them less identifiable.
Another trustworthy mixer is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is quite typical and identical with the processes on other platforms. It is possible to choose a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the funds are sent to several addresses. Thus, sender’s money are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io platform. This scrambler is on the list because it works quickly and it is trusty. The transaction fee is quite low, only the amount of 0.0001 BTC needs to be sent for each additional address. Dividing deposited coins between 5 addresses is also greatly beneficial for maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payout meaning that the transaction is becoming even less traceable.
Let’s represent another one of the top bitcoin mixing services which is incredibly easy to use. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it should be noted that the service fee is the smallest possible, it is 0.0% with 0.0002 BTC per extra address. Retention period is 7 days when it is possible for a user to manually remove all the logs which are stored for this period because of any possible transaction-related issues. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixing platform only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) remains a easy-to-use and usable mixing platform. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less manageable by a user.
The mixing itself is realizable and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user sends more than 10 BTC in a week, the platform reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should be afraid of security problems as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this tumbler does not have a Letter of Guarantee which makes it hard to turn to this coin scrambler in case of scams.
And last but not least, there is a crypto coin tumbler with many cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be added in future. This tumbler offers a very easy-to-use user-interface, as well as the opportunity to control all steps of the mixing process. A user can set up a delay not just by hours, but by the minute which is very useful. The platform gives the opportunity to use a calculator to understand the amount of money a user finally receives. The service fee is from 1 % to 5 % with fees for extra addresses (0.00045529 BTC, 0.01072904 LTC, and 0.00273174 BCH). Having funds from many resources helps the mixing platform to maintain user’s identity undetected. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers introduced in the article are reported to be reliable having all transactions anonymous. It is important to pick a crypto mixer wisely, as a sender has no chance to turn to any authority in case of scams. Of course, handling your deposits online can be risky, however, using mixing platforms that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.