Bitcoin mixer reddit - Cryptocurrency tumbler
As digital currency is gaining momentum worldwide, bitcoin holders have become more conscious about the confidentiality of their affairs. Everyone was of the opinion that a sender can remain disguised while forwarding their digital currencies and it came to light that it is untrue. Because of the implementation of government policies, the transactions are meaning that a user’s electronic address and even personal identification information can be revealed. But don’t be worried, there is an answer to such public administration controls and it is a cyber money tumbler.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is a straightforward way to mix different parts of it with other transactions used. In the end a sender gets back the same number of coins, but mixed up in a non-identical set. Therefore, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not uncovered.
As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These traces are important for the authorities to trace back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use available bitcoin mixing services and secure sender’s identity. Many digital currency owners do not want to let everybody know how much they gain or how they spend their money.
There is an opinion among some internet surfers that using a tumbler is an illegal action itself. It is not entirely correct. As outlined above, there is a possibility of coin mixing to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no reason to be concerned. There are many services that are here for bitcoin holders to blend their coins.
However, a digital currency owner should be careful while picking a crypto mixer. Which platform can be relied on? How can one be certain that a mixing platform will not take all the deposited digital money? This article is here to answer these questions and assist every crypto owner to make the right choice.
The crypto scramblers presented above are among the top existing mixers that were chosen by users and are highly recommended. Let’s look closely at the listed coin tumblers and describe all features on which attention should be focused.
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 mixers are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of crypto mixing platforms that mix other coins, 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 feature that is not displayed in the above table and it is time-delay. This feature helps a user and a transaction itself to stay incognito, as there is a gap between the forwarded coins and the outgoing 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. For better understanding of crypto mixers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, Blender is one of the leading Bitcoin mixing services that has ever existed. This mixer 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 type of coins 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 absolutely unique crypto tumbler is ChipMixer because it is based on the completely another idea comparing to other services. A user does not just deposit coins to clean, but makes a wallet and funds it with chips from 0.02 BTC to 10.11 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing service in advance, following transactions are nowhere to be found and there is no opportunity to connect them with the wallet owner. There is no usual fee for transactions on this mixing service: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually clear 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 renewed coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.