Bitcoin mixer reddit - Cryptocurrency tumbler
As maybe some of you know, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These marks play an important role for the government to trace back criminal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being traced, it is possible to use available crypto tumblers and secure sender’s personal identity. Many digital currency owners do not want to inform everyone the amount they earn or how they spend their money.
There is an opinion among some internet users that using a mixer is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of crypto mixing 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 cryptocurrency owners to mix their coins.
Nevertheless, a digital currency owner should pay attention while picking a digital currency scrambler. Which service can be relied on? How can a crypto holder be sure that a mixer 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 crypto scramblers presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s look into the listed mixers and describe all features on which attention should be focused.
As cybercash is gaining momentum across the globe, digital money holders have become more conscious about the confidentiality of their transactions. Everyone thought that a sender can remain unidentified while forwarding their coins and it turned out that it is untrue. On account of the implementation of government policies, the transactions are traceable meaning that a user’s electronic address and even identity can be revealed. 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 program that splits a transaction, so there is a straightforward way to mix several parts of it with other transactions used. After all a user gets back an equal quantity of coins, but blended in a completely different set. As a result, it is impossible to track the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are important aspects that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there are a few crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers also allow to combine 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 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 mixers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, CryptoMixer is one of the top Bitcoin mixers that has ever existed. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to deposit one type of coins and get them back 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 additional address.
One absolutely unique crypto tumbler is ChipMixer because it is based on the absolutely another rule comparing to other services. A user does not simply deposit coins to mix, but creates a wallet and funds it with chips from 0.02 BTC to 9.121 BTC which a user can split according to their wishes. After chips are included in 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 usual fee for transactions on this tumbler: it applies “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 each sender has an opportunity to manually cleanse 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 applied. The process of getting clean coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.