As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These marks are important for the government to track back outlawed transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use available bitcoin tumbling services and secure sender’s personal identity. Many bitcoin owners do not want to let everybody know the amount they gain or how they spend their money.
There is a belief among some internet surfers that using a mixer is an illegal action itself. It is not completely true. As previously stated, there is a possibility of coin mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to mix their coins.
However, a digital currency owner should be careful while choosing a digital currency scrambler. Which platform can be relied on? How can one be certain that a tumbler will not steal all the sent digital money? This article is here to answer these questions and help every crypto owner to make the right decision.
The digital currency mixers presented above are among the leading existing mixers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers and describe all aspects on which attention should be focused.
As digital currency is spinning up across the globe, bitcoin holders have become more conscious about the confidentiality of their purchases. Everyone thought that a crypto user can remain disguised while forwarding their digital currencies and it came to light that it is not true. Because of the implementation of government policies, the transactions are traceable meaning that a sender’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a cryptocurrency tumbler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to mix several parts of it with other coins. In the end a sender gets back an equal quantity of coins, but blended in a completely different set. Therefore, there is no possibility to trace the transaction back to a user, so one can stay calm that personal identification information is not disclosed.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are essential options that should not be disregarded. Most of the mixing platforms are used to mix only Bitcoins as the most regular digital money. Although there is a couple of coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services also allow to blend coins between the currencies which makes transactions far less traceable.
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 deposited coins and the outgoing transaction. In most cases, users can set the time of delay on their own 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 separately.
Based on the experience of many users on the Internet, Blender is one of the leading Bitcoin tumblers that has ever existed. This tumbler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to deposit one currency and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature helps to make a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One totally special crypto tumbler is ChipMixer because it is based on the absolutely different principle comparing to other tumblers. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.03 BTC to 13.734 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service beforehand, following transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this tumbler: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and every user has a chance to manually clear all logs before the end of this period. Another coin scrambler 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 unusual, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.