Wasabi mixer - 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 traces. 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 associated with any unlawful activity and still wants to avoid being traced, it is possible to use accessible bitcoin tumblers and secure sender’s identity. Many crypto holders do not want to let everybody know how much they gain or how they spend their money.
There is a belief among some internet surfers that using a mixer is an illegal action itself. It is not entirely true. As previously stated, there is a possibility of coin mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to blend their coins.
However, a crypto holder should be careful while choosing a bitcoin tumbler. Which service can be trusted? How can a crypto holder be sure that a scrambler will not steal all the deposited digital money? This article is here to answer these questions and assist every crypto owner to make the right choice.
The crypto scramblers presented above are among the best existing mixers that were chosen by clients and are highly recommended. Let’s look closely at the listed crypto mixers and explain all aspects on which attention should be focused.
As bitcoin is spinning up worldwide, bitcoin holders have become more aware about the confidentiality of their purchases. Everyone was of the opinion that a sender can remain unidentified while depositing their digital currencies and it came to light that it is not true. Owing to public administration controls, the transactions are identifiable which means that a sender’s e-mail and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a cyber money scrambler.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to blend different parts of it with other coins. In the end a sender gets back an equal quantity of coins, but mixed up in a completely different set. Therefore, there is no possibility to track the transaction back to a sender, so one can stay calm that identity is not disclosed.
Surely all crypto mixing services 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 cryptocurrency. Although there are a few 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 blend 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 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 a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixers that has ever appeared. This tumbler supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to deposit one type of coins and receive them in another currency. This process even increases user’s anonymity. Time-delay feature makes a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One totally extraordinary crypto mixing service is ChipMixer because it is based on the completely another rule comparing to other tumblers. A user does not just deposit coins to mix, but makes a wallet and funds it with chips from 0.03 BTC to 13.734 BTC which a user can break down 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 platform prior to the transaction, 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 mixer: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs before the end of this period. Another coin tumbler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting renewed coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.
