Since digital money is spinning up worldwide, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone thought that a sender can remain unidentified while forwarding their coins and it came to light that it is untrue. Owing to public administration controls, the transactions are detectable meaning that a user’s electronic address and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a cryptocurrency 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 different parts of it with other transactions used. After all a sender gets back the same number of coins, but mixed up in a non-identical set. Consequently, there is no way to track the transaction back to a sender, so one can stay calm that identity is not disclosed.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These marks are important for the state to track back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being traced, it is possible to use available cryptocurrency mixing services and secure sender’s personal identity. Many crypto owners do not want to inform everyone how much they earn or how they spend their money.
There is an opinion among some web users that using a mixing service is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of cryptocurrency blending to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a crypto holder should pay attention while choosing a digital currency scrambler. Which service can be relied on? How can one be certain that a tumbler will not steal all the sent coins? This article is here to reply to these concerns and help every bitcoin holder to make the right decision.
The digital currency mixers presented above are among the leading existing tumblers that were chosen by users and are highly recommended. Let’s look into the listed crypto mixers and describe all options on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration rule, these are important options 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 give a sender 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 option helps a user and a transaction itself to remain anonymous, as there is a gap between the forwarded coins and the outgoing transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto tumblers, it is necessary to consider each of them separately.
Blender has a straightforward interface, it is intuitive to use and straightforward. Time-delay option can be set up to 24 hours. With regard to the fee, there is an extra fee of 0.0005 % per outgoing address. As one of the few, this cryptocurrency tumbler provides a user with a special mixing code which assures that new crypto coins are not blended with preceding deposits. Additional URL (Blender) is also here to make sure that users can get to the tumbler, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing service 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 platform and their deposits will not be stolen. 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 crypto mixer, a CryptoMixer code needs to be invented. A user should write it down, so it is possible to use it next time. After entering a CryptoMixer code, users need to provide the outgoing address or several of them and then set a time-delay feature. A delay time is defined automatically and a user can adjust it if necessary. A service fee can be also selected from the table depending on the sent sum. Each transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand 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 top Bitcoin mixers that has ever existed. This scrambler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to deposit one currency and receive them 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 additional address.
One absolutely special crypto tumbler is ChipMixer because it is based on the completely another idea comparing to other tumblers. A user does not merely deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can send 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 holder. 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 cost-effective. Retention period is 7 days and each sender has a chance to manually clear all logs prior to this period. Another coin tumbler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting clean coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.
It is worth noting that random amounts are sent in two and more transactions to make them less trackable.
Another trustworthy mixer 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 tumblers. There is a possibility to choose a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the funds are sent to several addresses. Thus, sender’s money are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This mixer is listed because it works quickly and it is reliable. The transaction fee is quite small, only the amount of 0.0001 BTC needs to be added for each additional address. Dividing deposited coins between 5 addresses is also greatly helpful for maintaining user’s confidentiality. Every user is able to choose an additional option of delaying the payout meaning that the transaction is becoming even more anonymous.
Let’s take a look at another one of the top bitcoin mixers which is incredibly user-friendly. Bitcoin Laundry (Bitcoin Laundry) has a user-friendly 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 possible for a user to manually delete all the logs which are stored 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 mixing service only.
Being one of the earliest crypto coin mixers, BitBlender (BitBlender) remains a simple and usable mixing platform. There is a possibility 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 less traceable. 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 breach as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this service does not have a Letter of Guarantee which makes it difficult to address this tumbler in case of scams.
And last but not least, there is a mixing service with a number of cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be added soon. This mixer offers a very friendly user-interface, as well as the opportunity 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 incredibly helpful. The tumbler provides 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 undetected. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers presented in the article are reported to be trusty having all transactions anonymous. It is important to pick a crypto mixer wisely, as a sender has no opportunity to address any governmental structure in case of scams. By all means, processing your deposits online can be risky, however, using mixing platforms that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.