Since digital money is spinning up around the world, digital money holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain unidentified while depositing their digital currencies and it came to light that it is not true. On account of public administration controls, the transactions are meaning that a sender’s electronic address and even identity can be disclosed. But don’t be worried, there is an answer to such governmental measures and it is a cyber money mixer.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is a straightforward way to blend several parts of it with other transactions used. After all a sender gets back the same number of coins, but mixed up in a non-identical set. Consequently, 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 know, every cryptocurrency transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves traces. These marks are essential for the authorities to track back criminal transactions, such as buying weapon, 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 accessible crypto tumbling services and secure sender’s personal identity. Many crypto holders do not want to inform everyone how much they gain or how they use up 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 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.
Nevertheless, a crypto holder should be careful while choosing a digital currency scrambler. Which service can be relied on? How can a crypto holder be sure that a scrambler will not steal all the deposited coins? This article is here to reply to these questions and assist every bitcoin holder to make the right decision.
The digital currency mixers 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 explain all options on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration policy, these are essential options that should not be disregarded. Most of the mixing platforms are used to mix only Bitcoins as the most common digital money. Although there is a couple of crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, 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 deposited coins and the outgoing 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 mixers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this mixing service allows a user to swap the coins, in other words to deposit one type of coins and receive them in another currency. This process even increases user’s confidentiality. 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 extraordinary crypto tumbler is ChipMixer because it is based on the completely another principle comparing to other services. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.02 BTC to 15.638 BTC which a user can break down 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, next transactions are nowhere to be found and it is not possible to connect them with the wallet owner. There is no standard fee for transactions on this mixing service: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and every user has an opportunity to manually cleanse 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 clean coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.