Cryptocurrency tumbler or cryptocurrency mixing service wiki Wikipedia
As maybe some of you know, every crypto transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves traces. These marks are essential for the state to trace back illegal transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being tracked, it is possible to use accessible bitcoin tumblers and secure sender’s personal identity. Many crypto holders do not want to let everybody know how much they gain or how they spend their money.
There is an opinion among some web users that using a scrambler is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of coin mixing to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no reason to worry. There are many platforms that are here for bitcoin holders to mix their coins.
However, a digital currency owner should be careful while picking a crypto mixer. Which service can be relied on? How can a crypto holder be sure that a tumbler will not steal all the deposited digital money? This article is here to reply to these questions and assist every bitcoin holder to make the right decision.
The crypto scramblers presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s look closely at the listed mixers and explain all aspects on which attention should be focused.
As digital money is gaining momentum worldwide, bitcoin holders have become more conscious about the anonymity of their purchases. Everyone thought that a sender can remain unidentified while depositing their coins and it came to light that it is not true. Because of public administration controls, the transactions are traceable meaning that a user’s electronic address and even identity can be disclosed. But don’t be worried, there is an answer to such governmental measures and it is a cryptocurrency mixing service.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is a straightforward way to mix several parts of it with other coins. In the end a user gets back the same number of coins, but mixed up in a non-identical set. As a result, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
Surely all mixers from the table support no-logs and no-registration policy, these are critical aspects that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most regular 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 options, some mixing services 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 option 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 several days or even hours and minutes. For better understanding of crypto tumblers, it is essential to consider each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin tumblers that has ever appeared. This tumbler supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to send one type of coins and receive them in another currency. This process even increases user’s anonymity. Time-delay feature makes 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 completely unique crypto mixer is ChipMixer because it is based on the completely another rule comparing to other mixers. A user does not merely deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 12.11 BTC which a user can split 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 service in advance, next transactions are untraceable and it is not possible to connect them with the wallet holder. There is no usual fee for transactions on this platform: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually clear all logs prior to 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 unusual, as the platform requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.