As bitcoin is gaining momentum worldwide, digital money holders have become more aware about the confidentiality of their purchases. Everyone was of the opinion that a crypto user can remain disguised while forwarding their coins and it came to light that it is untrue. Owing to public administration controls, the transactions are identifiable meaning that a sender’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 software program that breaks up a transaction, so there is a straightforward way to blend different parts of it with other coins. After all a sender gets back the same number of coins, but blended in a completely different set. Consequently, it is impossible to trace the transaction back to a user, so one can stay calm that personal identification information is not disclosed.
As maybe some of you realize, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These traces are essential for the government to trace back outlawed transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being traced, it is possible to use available cryptocurrency mixers and secure sender’s identity. Many bitcoin owners do not want to inform everyone the amount they gain or how they spend their money.
There is a belief among some internet surfers that using a tumbler is an illegal action itself. It is not entirely correct. As previously stated, there is a possibility of crypto blending to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to be concerned. There are many services that are here for cryptocurrency owners to blend their coins.
Nevertheless, a crypto holder should be careful while choosing a digital currency scrambler. Which platform can be trusted? How can one be sure that a scrambler will not take all the sent digital money? This article is here to reply to these questions and help every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the top existing mixers that were chosen by clients 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 crypto mixing services from the table support no-logs and no-registration policy, these are essential features that should not be neglected. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of coin scramblers 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 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 sent 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. For better understanding of crypto tumblers, it is essential to consider each of them independently.
Based on the experience of many users on the Internet, CryptoMixer is one of the leading Bitcoin tumblers that has ever appeared. This mixer supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and receive them in another type of coins. 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 additional address.
One absolutely extraordinary crypto tumbler is ChipMixer because it is based on the completely different principle comparing to other services. A user does not just deposit coins to mix, but creates 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 owner can send coins to process. As the chips are sent to the mixing platform 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 platform: 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 a chance to manually clear all logs before the end of this period. Another coin tumbler 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 mixing service requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.