Since digital money is gaining momentum worldwide, bitcoin holders have become more aware about the confidentiality of their purchases. Everyone was of the opinion that a sender can remain incognito while depositing their coins and it came to light that it is untrue. Because of public administration controls, the transactions are traceable meaning that a sender’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 cyber money mixer.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is a straightforward way to blend several parts of it with other transactions used. After all a user gets back an equal quantity of coins, but blended 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 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 state to trace back illegal transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being traced, it is possible to use accessible bitcoin mixing services and secure sender’s identity. Many crypto holders do not want to inform everyone the amount they earn or how they spend their money.
There is a belief among some internet surfers that using a mixer is an criminal action itself. It is not entirely true. As previously stated, there is a possibility of coin mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no need to be concerned. There are many platforms that are here for bitcoin holders to tumbler their coins.
Nevertheless, a crypto holder should be careful while choosing a digital currency scrambler. Which service can be trusted? How can one be sure that a mixer will not steal all the sent digital money? This article is here to answer these questions and help every crypto owner to make the right decision.
The digital currency mixers presented above are among the best existing scramblers that were chosen by clients and are highly recommended. Let’s take a closer look at the listed coin tumblers and describe all options on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are important aspects that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most common digital money. 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 options, some mixing services also allow to mix coins between the currencies which makes transactions far less trackable.
There is one option that is not displayed 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 by themselves and it can be several days or even hours and minutes. For better understanding of crypto mixers, it is essential to consider each of them independently.
Blender has a simple interface, it is convenient to use and straightforward. 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 mixer provides a user with a special mixing code which assures that new crypto coins are not mixed with prior deposits. Additional URL (Blender) is also here to make sure that users can get to the scrambler, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing platfrom is remarkable 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 deposits will not be taken. The number of required confirmations depends on the number of deposited coins, e.g. for sending less that 25 BTC there is only 1 confirmation needed, in case of sending more than 1000 BTC a user needs to gather 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be invented. A user should note it, so it is easy to use it next time. After entering a CryptoMixer code, users need to enter the output address or several of them and then set a time-delay option. A delay time is determined automatically and a user can change it if necessary. A service fee can be also chosen from the table depending on the deposited sum. Every transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the number of coins sent and got back after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin tumblers that has ever appeared. This tumbler 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 send one currency and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature helps to make 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 absolutely extraordinary crypto mixing service is ChipMixer because it is based on the completely another principle comparing to other mixers. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can divide according to their wishes. After chips are added to the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing platform in advance, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet owner. There is no standard fee for transactions on this platform: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually clear all logs before the end of 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 unique, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
it is noteworthy that random sums are sent in two and more transactions to make them less traceable.
Another trustworthy scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is quite standard and similar to the processes on other mixers. It is possible to set a time-delay option up to 72 hours and a sender has an opportunity to split the transaction, so the coins are sent to multiple addresses. Thus, sender’s money are more secured and undetectable.
Two cryptocurrencies are also supported on SmartMix.io platform. This tumbler 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 very beneficial for maintaining user’s confidentiality. Every user is able to choose an additional option of delaying the payment meaning that the transaction is becoming even less traceable.
Let’s take a look at another one of the leading bitcoin mixing services which is incredibly user-friendly. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it should be noted that the service fee is the smallest 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 delete all the logs which are saved for this period because of any possible transaction-related issues. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixer only.
Being one of the oldest mixing services, BitBlender (BitBlender) remains a easy-to-use and functional crypto coin tumbler. There is a possibility to have two accounts, with and without registration. The difference is that the one without registration is less controllable by a user.
The mixing process can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user deposits more than 10 BTC in a week, the platform reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should worry security problems 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 mixer in case of scams.
And last but not least, there is a platform with several cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be added in future. This mixer offers a very simple user-interface, as well as the possibility to control all phases of the mixing process. A user can set up a delay not just by hours, but by the minute which is incredibly helpful. The platform gives the opportunity to use a calculator to understand the amount of money a user finally gets. 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 different resources helps the crypto tumbler to maintain user’s personal information incognito. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers presented in the article are reported to be reliable having all transactions unidentified. It is important to pick a mixing platform wisely, as a sender has no opportunity to turn to any governmental structure in case of scams. By all means, handling your deposits online can be risky, however, using coin tumblers that are listed in the article will help every user to minimize risks and be sure of success of the transaction.