As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These traces are important for the government to track back illegal 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 accessible bitcoin tumblers and secure sender’s personal identity. Many bitcoin 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 scrambler is an illegal action itself. It is not entirely true. As previously stated, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no reason to be concerned. There are many platforms that are here for bitcoin holders to tumbler their coins.
Nevertheless, a digital currency owner should pay attention while choosing a crypto mixer. Which platform can be trusted? How can one be certain that a mixing platform will not take all the sent coins? This article is here to answer these questions and assist 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 take a closer look at the listed mixers and explain all features on which attention should be focused.
As cybercash is spinning up worldwide, bitcoin holders have become more aware about the anonymity of their purchases. Everyone used to believe that a crypto user can remain incognito while forwarding their coins and it came to light that it is not true. Because of public administration controls, the transactions are meaning that a sender’s electronic address and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a cryptocurrency mixing service.
To make it clear, a crypto tumbler is a 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 user gets back the same number of coins, but blended in a completely different set. Therefore, it is impossible to trace the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all tumblers from the table support no-logs and no-registration rule, these are critical options that should not be neglected. Most of the mixing platforms are used to mix only Bitcoins as the most common digital money. Although there are a few crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services also allow to mix 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 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 by themselves and it can be several days or even hours and minutes. For better understanding of crypto tumblers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin tumblers that has ever existed. This scrambler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to swap 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 makes a transaction hardly traceable, 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 mixer is ChipMixer because it is based on the absolutely different rule comparing to other tumblers. A user does not just deposit coins to mix, but creates a wallet and funds it with chips from 0.01 BTC to 13.734 BTC which a user can divide 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 it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this mixer: it applies “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 each sender has a chance to manually cleanse all logs prior to this period. Another mixing platform Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.