Since digital currency is gaining momentum across the globe, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain incognito while forwarding their digital currencies and it turned out that it is untrue. On account of the implementation of government policies, the transactions are traceable meaning that a sender’s electronic address and even personal identification information can be revealed. But don’t be frightened, there is an answer to such governmental measures and it is a cyber money tumbler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to mix several parts of it with other coins. After all a user gets back the same number of coins, but blended in a completely different set. As a result, it is impossible to track the transaction back to a user, so one can stay calm that personal identification information is not disclosed.
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These marks are essential for the authorities to trace back outlawed transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being traced, it is possible to use accessible crypto tumblers and secure sender’s personal identity. Many crypto owners do not want to let everybody know the amount they earn or how they use up their money.
There is an opinion among some web surfers that using a mixer is an criminal action itself. It is not entirely true. As previously stated, there is a possibility of cryptocurrency mixing to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no point to be concerned. There are many services that are here for cryptocurrency owners to mix their coins.
However, a digital currency owner should pay attention while picking a crypto mixer. Which service can be relied on? How can a crypto holder be certain that a mixer will not take all the deposited digital money? This article is here to reply to these questions and assist every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the leading existing mixers that were chosen by clients and are highly recommended. Let’s take a closer look at the listed crypto mixers and explain all options on which attention should be focused.
Surely all mixers 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 common digital money. Although there is a couple of crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers also allow to blend coins between the currencies which makes transactions far less traceable.
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 remain anonymous, 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. For better understanding of crypto tumblers, it is essential to review each of them separately.
Blender has a straightforward interface, it is intuitive to use and simple. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per outgoing 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 ensure that users can get to the mixer, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixer is notable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is clearly that users can trust this mixing platform and their coins will not be taken. The number of needed confirmations differs depending on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of sending more than 1000 BTC a user needs to gather 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be created. A user should write it down, so it is possible to use it next time. After entering a CryptoMixer code, users need to provide the output address or several of them and then set a time-delay feature. A delay time is defined automatically and a user can modify it if necessary. A service fee can be also selected from the table depending on the sent amount. Each 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 got back after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixers that has ever existed. This tumbler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to swap the coins, in other words to deposit one type of coins and receive them 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 completely unique crypto tumbler is ChipMixer because it is based on the completely 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 split according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing service beforehand, next transactions are untraceable and it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this mixer: 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 prior to this period. Another coin tumbler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
It should be pointed out that random sums are sent in two and more transactions to make them less trackable.
Another reliable scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively standard and identical with the processes on other platforms. There is a possibility to set a time-delay feature up to 72 hours and a sender has an opportunity to split the transaction, so the coins are sent to multiple addresses. Thus, sender’s money are more protected and undetectable.
Two cryptocurrencies are also supported on SmartMix.io platform. This scrambler is on the list because it works fast and it is trusty. The transaction fee is quite low, only the amount of 0.0001 BTC needs to be added for each additional address. Dividing deposited coins between 5 addresses is also greatly helpful for keeping user’s anonymity. 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 top bitcoin tumblers which is really easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a user-friendly interface and it is worth mentioning 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 stored for this period because of any possible transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixer only.
Being one of the earliest crypto coin tumblers, BitBlender (BitBlender) remains a user-friendly and usable 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 itself is realizable and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user deposits more than 10 BTC in a week, the platform reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin owner should worry security breach as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this mixing platform does not have a Letter of Guarantee which makes it difficult to turn to this tumbler in case of scams.
And last but not least, there is a platform with a number of cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be added soon. This mixer offers a very simple user-interface, as well as the possibility to control all steps of the mixing process. A user can select a delay not just by hours, but by the minute which is extremely helpful. The tumbler provides the opportunity to use a calculator to understand the amount of money 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 different resources helps the crypto tumbler to keep user’s personal information undetected. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers presented in the article are reported to be trustworthy having all transactions anonymous. It is important to choose a crypto mixer wisely, as a sender has no opportunity to turn to any governmental structure in case of scams. By all means, processing your deposits online can be unsafe, however, using coin tumblers that are introduced in the article will help every user to minimize risks and be sure of success of the transaction.