As digital currency is spinning up worldwide, digital money holders have become more conscious about the confidentiality of their transactions. Everyone thought that a crypto user can remain incognito while depositing their digital currencies and it turned out that it is not true. Owing to the implementation of government policies, the transactions are identifiable meaning that a user’s electronic address 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 cyber money tumbler.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is an easy way to mix several parts of it with other coins. After all a user gets back an equal quantity of coins, but blended in a non-identical set. Therefore, there is no way 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 realize, every crypto transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves traces. These traces are essential for the state to trace back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible bitcoin mixers and secure sender’s personal identity. Many crypto holders do not want to let everybody know the amount they earn or how they use up their money.
There is a belief among some internet users that using a mixer is an criminal action itself. It is not entirely correct. As outlined above, there is a possibility of coin mixing to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no reason to be concerned. There are many services that are here for cryptocurrency owners to tumbler their coins.
However, a crypto holder should be careful while picking a digital currency scrambler. Which service can be relied on? How can one be certain that a mixing platform will not steal all the deposited digital money? This article is here to answer these questions and help every bitcoin holder 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 coin tumblers and explain all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are important aspects that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. 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 opportunities, some tumblers also allow to mix 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 feature helps a user and a transaction itself to stay incognito, 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 a couple of days or even hours and minutes. To get a better understanding of crypto mixers, it is essential to review each of them separately.
Blender has a clear interface, it is easy to use and simple. Time-delay option can be set up to 24 hours. With regard to the fee, there is an extra 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 new crypto coins are not blended with prior deposits. Additional URL (Blender) is also here to make certain that users can get to the mixing service, 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 coins will not be taken. The number of required confirmations depends on the deposited amount, e.g. for depositing less that 25 BTC there is only 1 confirmation needed, in case of depositing more than 1000 BTC a user needs to gather 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be invented. A user should note it, so it is easy to use it next time. After providing a CryptoMixer code, users need to provide the outgoing address or several of them and then set a time-delay option. A delay time is defined automatically and a user can adjust it if needed. A service fee can be also chosen from the table depending on the forwarded sum. Every transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the number of coins sent and got back 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 mixer supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to interchange 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 hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One absolutely extraordinary crypto mixing service is ChipMixer because it is based on the absolutely different rule comparing to other services. A user does not just 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 break down according to their wishes. After chips are added to the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service beforehand, following transactions are nowhere to be found and it is not possible 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 randomized making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually cleanse all logs before the end of this period. Another coin scrambler 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 unique, as the mixing service requires a request to be sent over Tor or Clearnet and clean 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 reliable mixer is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is quite typical and identical with the processes on other mixers. It is possible to set a time-delay option up to 72 hours and a sender has an opportunity to split the transaction, so the funds are sent to several addresses. Thus, sender’s funds are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io mixing service. This tumbler is on the list because it works quickly and it is trusty. The transaction fee is really small, only the amount of 0.0001 BTC needs to be added for every extra address. Splitting deposited coins between 5 addresses is also very helpful for maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payout meaning that the transaction is becoming even less traceable.
Let’s take a look at another one of the leading bitcoin mixers which is extremely easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a user-friendly interface and it should be noted that the service fee is the smallest 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 future transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixing platform only.
Being one of the earliest crypto coin mixers, BitBlender (BitBlender) remains a user-friendly and functional crypto coin mixer. 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 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 sends more than 10 BTC in a week, the mixing service reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should be afraid of security problems as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this tumbler does not have a Letter of Guarantee which makes it challenging to address this tumbler in case of scams.
And last but not least, there is a coin mixer with several cryptocurrencies to tumbler named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented in future. This mixer offers a very easy-to-use user-interface, as well as the possibility to have control over all steps of the mixing process. A user can select a delay not just by hours, but by the minute which is incredibly useful. The tumbler provides 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 various resources helps the crypto tumbler to maintain user’s personal information undetected. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency mixers presented in the article are reported to be trusty having all transactions nameless. It is important to pick a crypto mixer wisely, as a sender has no opportunity to address any authority in case of scams. By all means, handling your deposits online can be unsafe, however, using scramblers that are listed in the article will help every user to minimize risks and be sure of success of the transaction.