Bitcoin mixer reddit - Cryptocurrency tumbler
As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves marks. These marks are essential for the authorities to trace back illegal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible cryptocurrency mixing services and secure sender’s identity. Many digital currency holders do not want to let everybody know the amount they gain or how they spend their money.
There is an opinion among some web surfers that using a scrambler is an criminal action itself. It is not entirely correct. As previously stated, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no need to be concerned. There are many platforms 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 relied on? How can a crypto holder be sure that a mixer will not steal all the deposited digital money? This article is here to answer these questions and help every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the leading existing mixers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed mixers and explain all options on which attention should be focused.
As digital money is spinning up worldwide, bitcoin holders have become more aware about the anonymity of their affairs. Everyone used to believe that a crypto user can remain unidentified while depositing their coins and it turned out that it is not true. Because of public administration controls, the transactions are which means that a sender’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a Bitcoin scrambler.
To make it clear, a cryptocurrency mixing service is a program that breaks up 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. Consequently, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
Surely all tumblers from the table support no-logs and no-registration policy, these are critical aspects that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most common digital money. Although there are a few crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services also allow to combine coins between the currencies which makes transactions far less identifiable.
There is one feature that is not displayed 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 deposited coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be several days or even hours and minutes. For better understanding of crypto mixers, it is essential to review each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the leading Bitcoin tumblers that has ever existed. This mixer supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this mixing service allows a user to swap the coins, in other words to deposit one currency and get them back in another type of coins. This process even increases user’s confidentiality. 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 extraordinary crypto tumbler is ChipMixer because it is based on the totally different idea comparing to other services. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.03 BTC to 9.121 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can forward coins to process. As the chips are sent to the mixing service beforehand, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this mixer: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually clear all logs before the end of this period. Another mixing platform Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
