As bitcoin is spinning up around the world, digital money holders have become more aware about the confidentiality of their transactions. Everyone thought that a sender can remain disguised while depositing their coins and it turned out that it is untrue. On account of the implementation of government policies, the transactions are detectable 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 public administration controls and it is a crypto mixer.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is an easy way to mix different parts of it with other transactions used. In the end a sender gets back an equal quantity of coins, but blended in a non-identical set. Consequently, there is no possibility to track the transaction back to a sender, so one can stay calm that identity is not revealed.
As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These marks are important for the government to trace back outlawed transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use available bitcoin tumblers and secure sender’s personal identity. Many crypto holders do not want to let everybody know how much they earn or how they use up their money.
There is an opinion among some internet users that using a tumbler is an illegal action itself. It is not entirely true. As previously stated, there is a possibility of crypto blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no point to worry. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a crypto holder should pay attention while choosing a crypto mixer. Which platform can be relied on? How can a crypto holder be sure that a mixing platform will not take all the sent coins? This article is here to answer these concerns and assist every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the leading existing scramblers that were chosen by clients and are highly recommended. Let’s look closely at the listed crypto mixers and describe all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential features that should not be overlooked. Most of the mixing platforms 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 provide a sender with more opportunities, some mixing services also allow to mix coins between the currencies which makes transactions far less trackable.
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 remain anonymous, 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. To get a better understanding of crypto tumblers, it is necessary to review each of them separately.
Blender has a straightforward interface, it is intuitive to use and uncomplicated. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per outgoing address. As one of the few, this cryptocurrency tumbler provides a user with a special mixing code which guarantees that new crypto coins are not mixed with prior deposits. Additional URL (Blender) is also here to make sure that senders can get to the mixing service, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixer is notable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is clearly that users can trust this mixing service and their cryprocurrencies will not be stolen. The number of required confirmations differs depending on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of depositing more than 1000 BTC a user needs to collect 5 confirmations.
To use this crypto mixer, a CryptoMixer code needs to be invented. A user should write it down, so it is easy to use it next time. After providing a CryptoMixer code, users need to enter the outgoing address or several of them and then set a time-delay feature. A delay time is defined automatically and a user can change it if necessary. A service fee can be also selected from the table depending on the sent amount. Every transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the amount of crypto money sent and got back after mixing.
Based on the experience of many users on the Internet, PrivCoin 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 mixing service allows a user to interchange 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 helps to make 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 absolutely extraordinary crypto mixer is ChipMixer because it is based on the absolutely another rule comparing to other tumblers. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 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 in advance, following transactions are nowhere to be found and it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this mixer: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs prior to this period. Another mixing service 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 renewed coins are obtained from stock exchanges.
it is noteworthy that random sums are sent in two and more transactions to make them less identifiable.
Another reliable scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively typical and similar to the processes on other platforms. It is possible to choose a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the coins are sent to multiple addresses. Thus, sender’s money are more protected and undetectable.
Two cryptocurrencies are also supported on SmartMix.io platform. This mixer is listed because it works quickly and it is trusty. The transaction fee is really low, only the amount of 0.0001 BTC needs to be added for every extra address. Splitting deposited coins between 5 addresses is also extremely beneficial for keeping user’s anonymity. Every user is able to choose an additional option of delaying the payment meaning that the transaction is becoming even less traceable.
Let’s represent another one of the leading bitcoin mixers which is really easy to use. Bitcoin Laundry (Bitcoin Laundry) has a straightforward interface and it should be noted that the service fee is the lowest possible, it is 0.0% with 0.0002 BTC per extra address. Retention period is 7 days when it is easy for a user to manually remove all the logs which are stored for this period because of any possible transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixing service only.
Being one of the earliest mixing services, BitBlender (BitBlender) remains a user-friendly and usable mixing platform. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less manageable by a user.
The mixing process can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction more anonymous. Also, if a user deposits more than 10 BTC in a week, the platform reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin holder should worry security leak as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this service does not offer a Letter of Guarantee which makes it challenging to address this coin scrambler in case of scams.
And last but not least, there is a crypto coin tumbler with several cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be added soon. This platform offers a very easy-to-use user-interface, as well as the possibility to have control over all phases of the mixing process. A user can select a delay not just by hours, but by the minute which is very helpful. The mixer gives the opportunity to use a calculator to understand the amount of funds a user finally receives. The service fee is from 1 % to 5 % with fees for extra addresses (0.00045529 BTC, 0.01072904 LTC, and 0.00273174 BCH). Having funds from many resources helps the crypto tumbler to keep user’s identity undiscovered. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency scramblers presented in the article are reported to be trustworthy having all transactions nameless. It is important to choose a mixing platform wisely, as a sender has no opportunity to turn to any governmental structure in case of scams. Of course, handling your deposits online can be unsafe, however, using scramblers that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.