As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These traces are essential for the authorities to track back criminal transactions, such as buying 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 accessible cryptocurrency mixing services and secure sender’s identity. Many digital currency owners do not want to let everybody know the amount they earn or how they use up their money.
There is an opinion among some web surfers that using a scrambler is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of cryptocurrency mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no reason to be concerned. There are many platforms that are here for cryptocurrency owners to blend their coins.
However, a crypto holder should pay attention while choosing a crypto mixer. Which service can be relied on? How can one be sure that a scrambler will not steal all the deposited coins? 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 top existing tumblers that were chosen by clients and are highly recommended. Let’s look closely at the listed coin tumblers and describe all options on which attention should be focused.
Since bitcoin is gaining momentum across the globe, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone was of the opinion that a crypto user can remain incognito while depositing their digital currencies and it turned out that it is not true. On account of public administration controls, the transactions are traceable which means that a user’s e-mail and even personal identification information can be revealed. But don’t be frightened, there is an answer to such governmental measures and it is a Bitcoin scrambler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to mix several parts of it with other coins. In the end a user gets back the same number of coins, but blended in a completely different set. Consequently, there is no way to trace the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all tumblers from the table support no-logs and no-registration policy, these are important options that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there is a couple of crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some tumblers also allow to blend coins between the currencies which makes transactions far less traceable.
There is one feature that is not represented in the above table and it is time-delay. This feature helps a user and a transaction itself to remain anonymous, as there is a gap between the deposited coins and the outcoming 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 tumblers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the leading Bitcoin mixers that has ever appeared. This tumbler 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 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 less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One completely special crypto tumbler is ChipMixer because it is based on the absolutely another idea comparing to other mixers. A user does not simply deposit coins to mix, but creates a wallet and funds it with chips from 0.04 BTC to 8.192 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing service prior to the transaction, next transactions are nowhere to be found and it is not possible to connect them with the wallet holder. There is no standard fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and every user has an opportunity to manually clear all logs before the end of 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 tumbler requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.