Since digital currency is spinning up worldwide, digital money holders have become more aware about the anonymity of their affairs. Everyone thought that a sender can remain disguised while depositing their coins and it turned out that it is not true. On account of public administration controls, the transactions are traceable which means that a sender’s electronic address and even identity can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a cryptocurrency scrambler.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is a straightforward way to mix several parts of it with other coins. After all a user gets back an equal quantity of coins, but mixed up in a completely different set. As a result, it is impossible to trace the transaction back to a sender, so one can stay calm that identity is not disclosed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These marks play an important role for the state to trace back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being traced, it is possible to use available cryptocurrency mixers and secure sender’s personal identity. Many crypto holders do not want to let everybody know the amount they earn or how they spend their money.
There is a belief among some web users that using a mixer is an criminal action itself. It is not completely correct. As outlined above, there is a possibility of coin blending to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no point to worry. There are many services that are here for bitcoin holders to blend their coins.
Nevertheless, a digital currency owner should be careful while choosing a bitcoin tumbler. Which platform can be trusted? How can one be certain that a tumbler will not take all the deposited coins? This article is here to answer these concerns and assist every bitcoin holder to make the right choice.
The digital currency mixers presented above are among the top existing mixers that were chosen by customers and are highly recommended. Let’s look closely at the listed crypto mixers and describe all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are critical aspects that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to combine 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 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 by themselves and it can be a couple of days or even hours and minutes. To get a 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 tumblers that has ever existed. This tumbler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to exchange the coins, in other words to send one currency and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature makes a transaction hardly 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 mixing service is ChipMixer because it is based on the totally different principle comparing to other services. A user does not just deposit coins to mix, but makes a wallet and funds it with chips from 0.03 BTC to 14.954 BTC which a user can break down 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 service in advance, next transactions are untraceable and there is no opportunity 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 anonymous and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually clear 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 unique, as the mixing service requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.