As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves marks. These marks are essential for the authorities to trace 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 crypto tumbling services and secure sender’s identity. Many bitcoin owners do not want to inform everyone how much they earn or how they spend their money.
There is an opinion among some web users that using a mixer is an illegal action itself. It is not entirely correct. As previously stated, there is a possibility of cryptocurrency mixing to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no need to be concerned. There are many services that are here for cryptocurrency owners to mix their coins.
However, a digital currency owner should be careful while picking a digital currency scrambler. Which platform can be relied on? How can one be certain that a tumbler will not take all the deposited digital money? This article is here to answer these concerns and help every crypto owner to make the right decision.
The crypto scramblers presented above are among the leading existing scramblers that were chosen by users and are highly recommended. Let’s look into the listed crypto mixers and describe all features on which attention should be focused.
Since bitcoin is gaining momentum worldwide, bitcoin holders have become more aware about the confidentiality of their transactions. Everyone thought that a crypto user can remain disguised while forwarding their coins and it turned out that it is untrue. Because of the implementation of government policies, the transactions are detectable meaning that a user’s e-mail and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a Bitcoin tumbler.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is a straightforward way to blend different parts of it with other coins. In the end a user gets back an equal quantity of coins, but blended in a non-identical set. Therefore, it is impossible to trace the transaction back to a sender, so one can stay calm that personal identification information is not revealed.
Surely all mixers from the table support no-logs and no-registration rule, these are critical features that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most common digital money. Although there is a couple of coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to combine coins between the currencies which makes transactions far less traceable.
There is one option 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 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, CryptoMixer is one of the top Bitcoin mixers that has ever appeared. This mixer supports not only Bitcoins, but also other above-mentioned 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 type of coins. This process even increases user’s confidentiality. Time-delay feature helps to make 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 extraordinary crypto tumbler is ChipMixer because it is based on the absolutely another rule comparing to other services. A user does not merely deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 10.11 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing service beforehand, 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 applied in a random way making transactions even more anonymous and the service itself more cost-effective. Retention period is 7 days and every user has a chance to manually cleanse all logs prior to 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.