Since cybercash is spinning up worldwide, digital money holders have become more conscious about the confidentiality of their purchases. Everyone used to believe that a sender can remain incognito while depositing their digital currencies and it came to light that it is untrue. On account of public administration controls, the transactions are identifiable meaning that a sender’s e-mail and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a Bitcoin mixing service.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is an easy way to blend different parts of it with other transactions used. In the end a sender gets back an equal quantity of coins, but mixed up in a non-identical set. Consequently, there is no way 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 crypto transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves marks. These traces are important for the authorities to track back outlawed 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 tracked, it is possible to use available crypto mixers and secure sender’s personal identity. Many crypto owners do not want to let everybody know how much they earn or how they spend their money.
There is a belief among some web users that using a mixing service is an illegal action itself. It is not entirely true. As previously stated, there is a possibility of coin blending to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no point to be concerned. There are many platforms that are here for bitcoin holders to tumbler their coins.
Nevertheless, a crypto holder should pay attention while choosing a bitcoin tumbler. Which service can be relied on? How can a crypto holder be sure that a scrambler will not steal all the sent coins? This article is here to answer these concerns and assist every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the top 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 features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are important features that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some tumblers also allow to blend coins between the currencies which makes transactions far less identifiable.
There is one feature that is not represented in the above table and it is time-delay. This option 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 on their own and it can be a couple of days or even hours and minutes. For better understanding of crypto tumblers, it is necessary to consider each of them independently.
Blender has a straightforward interface, it is intuitive to use and simple. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per output address. As one of the few, this cryptocurrency tumbler provides a user with a special mixing code which assures that fresh crypto coins are not blended with preceding deposits. Additional URL (Blender) is also here to guarantee that senders can get to the scrambler, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing service is noteworthy for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is without a doubt that users can trust this mixing platform and their cryprocurrencies will not be taken. The number of required confirmations differs depending on the number of deposited coins, e.g. for sending less that 25 BTC there is only 1 confirmation required, in case of depositing more than 1000 BTC a user needs to gather 5 confirmations.
To operate on this crypto tumbler, 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 provide the output address or several of them and then set a time-delay feature. A delay time is determined automatically and a user can modify it if needed. A service fee can be also chosen from the table depending on the deposited sum. Each transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the number of coins sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixers that has ever appeared. This scrambler supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to deposit one type of coins and get them back 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 unique crypto mixer is ChipMixer because it is based on the completely different rule comparing to other mixers. A user does not merely 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 divide according to their wishes. After chips are added to the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing platform prior to the transaction, next transactions are untraceable and it is not possible 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 cost-effective. Retention period is 7 days and each sender has a chance to manually cleanse all logs prior to this period. Another mixing service Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting clean coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.
it is noteworthy that random sums are sent in two and more transactions to make them less trackable.
Another reliable scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively standard and similar to the processes on other mixing services. 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 coins are sent to several addresses. Thus, sender’s money are more secured and undetectable.
Two cryptocurrencies are also supported on SmartMix.io platform. This mixer is on the list because it works fast and it is trusty. The transaction fee is really low, only the amount of 0.0001 BTC needs to be sent for each additional address. Splitting deposited coins between 5 addresses is also highly helpful 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 top bitcoin mixing services which is extremely user-friendly. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it is worth mentioning 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 saved 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 mixer only.
Being one of the oldest mixing services, BitBlender (BitBlender) remains a user-friendly and functional mixing platform. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less controllable by a user.
The mixing itself is realizable 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 crypto mixer reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin owner should be afraid of security breach as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this mixing platform does not have a Letter of Guarantee which makes it difficult to address this coin scrambler in case of scams.
And last but not least, there is a crypto coin tumbler with a number of cryptocurrencies to tumbler named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented in future. This tumbler offers a very friendly 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 extremely 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 many resources helps the crypto tumbler to maintain user’s identity undiscovered. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency mixers introduced in the article are reported to be reliable having all transactions unidentified. It is important to pick a crypto mixer wisely, as a sender has no chance 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 introduced in the article will help every user to minimize risks and be sure of success of the transaction.