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Since digital money is gaining momentum worldwide, digital money holders have become more aware about the confidentiality of their purchases. Everyone used to believe that a crypto user can remain disguised while forwarding their digital currencies and it turned out that it is untrue. Owing to the implementation of government policies, the transactions are traceable meaning that a user’s e-mail and even identity can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a crypto mixing service.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to blend several parts of it with other coins. In the end a sender gets back an equal quantity of coins, but blended in a non-identical set. Consequently, it is impossible to track the transaction back to a sender, so one can stay calm that identity is not disclosed.
As maybe some of you realize, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These marks play an important role for the authorities to trace back outlawed transactions, such as buying 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 available bitcoin tumblers and secure sender’s personal identity. Many crypto owners do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some internet surfers that using a mixer is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of cryptocurrency mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to be concerned. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a crypto holder should pay attention while picking a crypto mixer. Which platform can be trusted? How can a crypto holder be sure that a tumbler will not take all the sent digital money? This article is here to reply to these questions and assist every crypto owner to make the right decision.
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Let’s first figure out which features need to be looked at to make sure that a sender trusts their digital money to a reliable service:
- 1) there is typically a fee which is usually insignificant (approx. 1-3%).
- 2) no logs are kept. This implies that no record about your online transactions is gathered. This feature is exceptionally important.
- 3) various output addresses can be added which help to diversify risks and forward cleaned coins to multiple destinations. These addresses are used as a final destination for the deposited coins.
- 4) types of cryptocurrencies involved. There are tumblers that allow to mix some other cryptocurrencies except Bitcoin.
- 5) such platforms usually require confirmation, and the least confirmations it requires, the better.
- 6) If a scrambler provides you with a Letter of Guarantee, it means that you can use it as a confirmation of your participation in the transaction and it protects your digital money in case of scams. In most cases it looks like a text file digitally signed using PGP technology. The specified features are critical to make a decision which crypto tumbler to use. There are some more aspects that also need to be noticed and all of them are included into the below table of the top crypto tumblers.
The digital currency mixers presented above are among the top existing scramblers that were chosen by clients and are highly recommended. Let’s look into the listed mixers and describe all features on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration policy, these are critical options that should not be disregarded. Most of the mixing platforms are used to mix only Bitcoins as the most regular digital money. Although there are a few coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to mix 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 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 several days or even hours and minutes. For better understanding of crypto tumblers, it is essential to consider each of them independently.
Blender has a straightforward interface, it is easy to use and uncomplicated. 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 assures that fresh crypto coins are not mixed with prior deposits. Additional URL (Blender) is also here to make sure that senders can get to the mixer, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing service is remarkable 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 sending less that 25 BTC there is only 1 confirmation needed, in case of depositing more than 1000 BTC a user needs to collect 5 confirmations.
To use this crypto tumbler, a CryptoMixer code needs to be created. A user should write it down, so it is possible to use it next time. After providing 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 deposited sum. Every transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the amount of crypto money sent and got back after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixing services that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to send one type of coins and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature helps to make 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 totally special crypto mixing service is ChipMixer because it is based on the totally another idea comparing to other mixers. A user does not simply deposit coins to clean, but makes 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 prior to the transaction, following transactions are untraceable and it is not possible to connect them with the wallet holder. There is no standard fee for transactions on this platform: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous and the service itself more cost-effective. Retention period is 7 days and every user has an opportunity to manually clear all logs prior to this period. Another mixing platform 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 tumbler requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
There are 3 steps of this mixing process that include:
- 1. pre-mixing coins and then mixing them with other coins;
- 2. forwarding coins to stock exchanges where they are blended with coins of other traders;
- 3. clean coins are returned back to the original sender.
it is noteworthy that random sums 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 relatively typical and identical with the processes on other platforms. There is a possibility to choose a time-delay feature up to 72 hours and a sender has an opportunity to divide the transaction, so the coins are sent to multiple addresses. Thus, sender’s money are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This mixer is on the list because it works fast and it is reliable. The transaction fee is quite small, only the amount of 0.0001 BTC needs to be added for each additional address. Splitting deposited coins between 5 addresses is also very beneficial for keeping user’s anonymity. Every user is able to choose an additional option of delaying the payout meaning that the transaction is becoming even more anonymous.
Let’s represent another one of the top bitcoin mixers which is really easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a simple 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 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 mixing services, BitBlender (BitBlender) remains a simple and usable crypto coin mixer. There is a possibility 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 is realizable 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 worry security breach as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this mixer does not have a Letter of Guarantee which makes it difficult to turn to this coin scrambler in case of scams.
And last but not least, there is a mixing service with many cryptocurrencies to tumbler named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be represented soon. This platform offers a very easy-to-use user-interface, as well as the possibility to control all phases of the mixing process. A user can set up a delay not just by hours, but by the minute which is very useful. The platform gives the opportunity to use a calculator to understand the amount of money a user finally gets. 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 many resources helps the crypto tumbler to maintain user’s personal information incognito. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency scramblers introduced in the article are reported to be reliable having all transactions anonymous. It is important to choose a mixing platform wisely, as a sender has no chance to address any authority in case of scams. Of course, handling your deposits online can be unsafe, however, using mixing platforms that are introduced in the article will help every user to minimize risks and be sure of success of the transaction.
Best Bitcoin Mixer Services 2021
Cryptocurrency tumbler or cryptocurrency mixing service wiki Wikipedia