Bitcoin mixer reddit - Cryptocurrency tumbler
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These marks are essential for the government to track back criminal transactions, such as purchasing weapon, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being traced, it is possible to use accessible cryptocurrency tumblers and secure sender’s personal identity. Many digital currency owners do not want to let everybody know the amount they earn or how they spend their money.
There is a belief among some internet surfers that using a scrambler is an criminal action itself. It is not entirely correct. As outlined above, there is a possibility of cryptocurrency mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a digital currency owner should pay attention while picking a digital currency scrambler. Which platform can be trusted? How can one be certain that a tumbler will not steal all the sent digital money? This article is here to answer these concerns and assist every crypto owner to make the right decision.
The crypto scramblers presented above are among the leading existing tumblers that were chosen by users and are highly recommended. Let’s look closely at the listed coin tumblers and describe all features on which attention should be focused.
Since digital money is gaining momentum worldwide, digital money holders have become more aware about the anonymity of their transactions. Everyone was of the opinion that a sender can remain unidentified while forwarding their digital currencies and it turned out that it is not true. On account of public administration controls, the transactions are meaning that a user’s e-mail and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a crypto 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 coins. After all a user gets back an equal quantity of coins, but blended in a non-identical set. Consequently, there is no way to trace the transaction back to a user, so one can stay calm that personal identification information is not uncovered.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential features that should not be overlooked. Most of the mixers 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 give a sender more options, some tumblers also allow to blend coins between the currencies which makes transactions far less identifiable.
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 remain anonymous, as there is a gap between the sent 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. For better understanding of crypto tumblers, it is essential to review each of them separately.
Based on the experience of many users on the Internet, Blender is one of the best Bitcoin mixing services 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 interchange 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 helps to make 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 special crypto mixing service is ChipMixer because it is based on the completely another rule comparing to other tumblers. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.02 BTC to 10.11 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service in advance, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet owner. There is no usual fee for transactions on this tumbler: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and every user has an opportunity to manually clear 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 renewed coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
