Since digital currency is spinning up across the globe, bitcoin holders have become more conscious about the confidentiality of their affairs. Everyone was of the opinion that a crypto user can remain unidentified while forwarding their digital currencies and it came to light that it is untrue. Owing to public administration controls, the transactions are which means that a user’s e-mail and even personal identification information can be revealed. But don’t be frightened, 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 blend different parts of it with other coins. In the end a sender gets back an equal quantity of coins, but blended in a non-identical set. Therefore, there is no way to trace the transaction back to a sender, so one can stay calm that identity is not revealed.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These traces are important for the state to track back outlawed transactions, such as buying guns, 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 cryptocurrency mixing services and secure sender’s identity. Many digital currency holders do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some internet users that using a mixing service is an illegal action itself. It is not completely correct. As previously stated, there is a possibility of crypto mixing 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 tumbler their coins.
However, a crypto holder should pay attention while choosing a crypto mixer. Which platform can be relied on? How can one be sure that a tumbler will not steal all the sent digital money? This article is here to answer these concerns and help every crypto owner to make the right choice.
The digital currency mixers presented above are among the best existing tumblers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed coin tumblers and explain all features on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are essential features that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. 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 options, some mixing services also allow to blend coins between the currencies which makes transactions far less trackable.
There is one feature that is not represented in the above table and it is time-delay. This option 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 a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, CryptoMixer is one of the top Bitcoin tumblers that has ever appeared. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this mixing service allows a user to interchange the coins, in other words to send one currency and receive them in another currency. This process even increases user’s confidentiality. Time-delay feature makes 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 totally special crypto mixing service is ChipMixer because it is based on the totally another idea comparing to other mixers. A user does not just deposit coins to mix, but creates a wallet and funds it with chips from 0.01 BTC to 10.11 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 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 unidentified and the service itself more cost-effective. Retention period is 7 days and every user has an opportunity to manually clear all logs prior to 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 renewed 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.