Since cybercash is gaining momentum worldwide, bitcoin holders have become more conscious about the confidentiality of their purchases. Everyone used to believe that a crypto user can remain unidentified while depositing their coins and it turned out that it is not true. On account of the implementation of government policies, the transactions are identifiable which means that a sender’s electronic address and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such governmental measures and it is a cyber money mixing service.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to blend different parts of it with other transactions used. In the end a sender gets back the same number of coins, but blended in a non-identical set. Consequently, it is impossible to trace the transaction back to a user, so one can stay calm that identity is not uncovered.
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These traces are important for the authorities to trace back outlawed transactions, such as purchasing 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 accessible cryptocurrency tumblers and secure sender’s identity. Many bitcoin owners do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some web surfers that using a mixer is an illegal action itself. It is not entirely correct. As mentioned before, there is a possibility of cryptocurrency mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no reason to worry. There are many platforms that are here for bitcoin holders to tumbler their coins.
Nevertheless, a crypto holder should pay attention while picking a bitcoin tumbler. Which platform can be relied on? How can a crypto holder be sure that a mixing platform will not steal all the deposited digital money? This article is here to answer these questions and help every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the leading existing scramblers 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.
Surely all tumblers from the table support no-logs and no-registration policy, these are important options that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there are a few coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers 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 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 tumblers, it is essential to review each of them separately.
Blender has a easy interface, it is convenient to use and simple. Time-delay option can be set up to 24 hours. With regard to the fee, there is an extra fee of 0.0005 % per outgoing address. As one of the few, this mixer provides a user with a special mixing code which guarantees that new crypto coins are not mixed with preceding deposits. Additional URL (Blender) is also here to ensure that users can get to the tumbler, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing platfrom is remarkable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is clearly that users can trust this mixing platform and their coins will not be taken. The number of required confirmations differs depending on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of depositing more than 1000 BTC a user needs to collect 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be invented. A user should write it down, so it is easy to use it next time. After entering a CryptoMixer code, users need to provide the output address or several of them and then set a time-delay option. A delay time is determined automatically and a user can change it if needed. A service fee can be also chosen from the table depending on the sent amount. Each transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the number of coins sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to send one currency and get them back in another currency. This process even increases user’s anonymity. 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 completely unique crypto mixer is ChipMixer because it is based on the completely different principle comparing to other mixers. A user does not simply deposit coins to mix, but makes 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 owner can forward coins to process. As the chips are sent to the mixing service in advance, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and every user has a chance to manually cleanse all logs before the end of this period. Another mixing platform 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 clean coins are acquired from stock exchanges.
it is noteworthy that random amounts are sent in two and more transactions to make them less identifiable.
Another trustworthy tumbler is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is quite typical and identical with the processes on other mixing services. It is possible to choose a time-delay option up to 72 hours and a sender has an opportunity to split the transaction, so the funds are sent to several addresses. Thus, sender’s money are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io mixing service. This scrambler is on the list because it works fast and it is trusty. The transaction fee is really small, only the amount of 0.0001 BTC needs to be added for every extra address. Dividing deposited coins between 5 addresses is also greatly helpful 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 take a look at another one of the top bitcoin tumblers which is really easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a user-friendly 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 easy for a user to manually remove all the logs which are stored for this period because of any possible transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixing service only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) remains a user-friendly and functional crypto coin tumbler. 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 process is realizable and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user deposits more than 10 BTC in a week, the mixing service reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin owner should worry security breach as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this service does not have a Letter of Guarantee which makes it challenging to address this coin scrambler in case of scams.
And last but not least, there is a mixing service with a number of cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be represented soon. This platform offers a very easy-to-use user-interface, as well as the opportunity to have control over all steps of the mixing process. A user can select a delay not just by hours, but by the minute which is incredibly useful. The platform provides the opportunity to use a calculator to understand the amount of money a user finally gets. 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 different resources helps the crypto tumbler to keep user’s identity undiscovered. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency mixers introduced in the article are reported to be trusty having all transactions nameless. It is important to choose a crypto mixer wisely, as a sender has no opportunity to address any authority in case of scams. By all means, processing your deposits online can be unsafe, however, using mixing platforms that are listed in the article will help every user to minimize risks and be sure of success of the transaction.