As digital currency is gaining momentum around the world, digital money holders have become more conscious about the anonymity of their affairs. Everyone was of the opinion that a sender can remain unidentified while depositing their digital currencies and it came to light that it is untrue. On account of public administration controls, the transactions are detectable meaning that a user’s electronic address and even identity can be revealed. But don’t be worried, there is an answer to such governmental measures and it is a cryptocurrency mixer.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is an easy way to blend several parts of it with other transactions used. After all a sender gets back the same number of coins, but blended in a non-identical set. Therefore, there is no possibility to trace the transaction back to a sender, so one can stay calm that personal identification information is not revealed.
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 criminal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being tracked, it is possible to use available crypto mixing services and secure sender’s personal identity. Many digital currency holders do not want to inform everyone the amount they gain or how they use up their money.
There is an opinion among some web surfers that using a mixing service is an criminal action itself. It is not entirely true. As outlined above, there is a possibility of crypto blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no reason to worry. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
However, a crypto holder should be careful while picking a digital currency scrambler. Which platform can be trusted? How can one be sure that a mixing platform will not take all the sent digital money? This article is here to answer these concerns and help every bitcoin holder to make the right choice.
The crypto scramblers presented above are among the leading existing tumblers that were chosen by clients and are highly recommended. Let’s look closely at the listed coin tumblers and explain all options on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration rule, these are important aspects that should not be neglected. Most of the mixing platforms are used to mix only Bitcoins as the most regular digital money. Although there is a couple of crypto mixing platforms that mix other cryptocurrencies, 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 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 necessary to review each of them separately.
Blender has a clear 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 output address. As one of the few, this mixer provides a user with a special mixing code which guarantees that fresh crypto coins are not blended with prior deposits. Additional URL (Blender) is also here to guarantee that users 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 tumbler is remarkable 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 service and their cryprocurrencies will not be stolen. The number of required confirmations differs depending on the deposited amount, e.g. for sending less that 25 BTC there is only 1 confirmation needed, in case of depositing more than 1000 BTC a user needs to collect 5 confirmations.
To use this platform, a CryptoMixer code needs to be created. A user should note it, so it is possible to use it next time. After providing 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 needed. A service fee can be also chosen 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 number of coins sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixing services that has ever appeared. This tumbler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to send one type of coins and receive them in another type of coins. 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 additional address.
One completely extraordinary crypto tumbler is ChipMixer because it is based on the absolutely another principle comparing to other mixers. A user does not simply deposit coins to mix, but creates 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 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 untraceable and it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this platform: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and every user has a chance to manually cleanse all logs before the end of 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 tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.
it is noteworthy that random sums are sent in two and more transactions to make them untraceable.
Another trustworthy mixer is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively standard and similar to the processes on other tumblers. There is a possibility to choose a time-delay feature up to 72 hours and a sender has an opportunity to split the transaction, so the funds are sent to multiple addresses. Thus, sender’s money are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io platform. This mixer is on the list because it works quickly and it is trusty. The transaction fee is quite low, only the amount of 0.0001 BTC needs to be added for every extra address. Dividing deposited coins between 5 addresses is also greatly beneficial for maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payment meaning that the transaction is becoming even more anonymous.
Let’s represent another one of the leading bitcoin mixing services which is extremely easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a simple 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 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 mixing service only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) remains a simple 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 itself can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction more anonymous. Also, if a user sends more than 10 BTC in a week, the crypto mixer reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin holder 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 mixing platform does not have a Letter of Guarantee which makes it hard to address this coin mixer in case of scams.
And last but not least, there is a crypto coin tumbler with several cryptocurrencies to tumbler 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 opportunity to control all phases of the mixing process. A user can select a delay not just by hours, but by the minute which is very useful. The tumbler 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 mixer to keep user’s identity undiscovered. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency mixers introduced in the article are reported to be trusty having all transactions nameless. It is important to choose a crypto tumbler wisely, as a sender has no chance 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 listed in the article will help every user to reduce risks and be sure of success of the transaction.