Bitcoin mixer wiki

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As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks play an important role for the authorities to trace back criminal transactions, such as buying guns, 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 cryptocurrency mixing services and secure sender’s identity. Many digital currency holders do not want to let everybody know the amount they earn or how they use up their money.

There is a belief among some web surfers that using a mixing service is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of coin mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no need to worry. There are many services that are here for bitcoin holders to blend their coins.

However, a crypto holder should pay attention while choosing a crypto mixer. Which platform can be trusted? How can a crypto holder be sure that a scrambler will not steal all the sent digital money? This article is here to answer these concerns and help every bitcoin holder to make the right choice.

The cryptocurrency mixing services presented above are among the leading existing tumblers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed mixers and describe all aspects on which attention should be focused.

Since bitcoin is gaining momentum worldwide, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone thought that a sender can remain incognito while forwarding their coins and it turned out that it is not true. Owing to the implementation of government policies, the transactions are identifiable which means that a user’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a cryptocurrency mixer.

To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other transactions used. After all a sender gets back an equal quantity of coins, but blended in a non-identical set. Therefore, it is impossible to track the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.

Surely all tumblers from the table support no-logs and no-registration policy, these are critical aspects that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some tumblers also allow to mix 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 feature helps a user and a transaction itself to stay incognito, as there is a gap between the forwarded coins and the outcoming 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 tumblers, it is essential to review each of them independently.

Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin mixing services that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to swap 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 helps to make 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 mixer is ChipMixer because it is based on the completely different idea comparing to other mixers. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.03 BTC to 9.121 BTC which a user can break down 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 tumbler: it uses “Pay what you like” feature. It means that the fee is randomized 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 clear all logs prior to this period. Another coin scrambler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the mixing service requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.