Since bitcoin is gaining momentum around the world, digital money holders have become more aware about the anonymity of their transactions. Everyone used to believe that a sender can remain unidentified while depositing their digital currencies and it came to light that it is untrue. On account of public administration controls, the transactions are meaning that a sender’s e-mail and even identity can be revealed. But don’t be frightened, there is an answer to such public administration controls and it is a cryptocurrency mixing service.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is a straightforward way to mix several parts of it with other coins. In the end a user gets back an equal quantity of coins, but blended in a non-identical set. As a result, there is no possibility to track the transaction back to a sender, so one can stay calm that personal identification information is not revealed.
As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These marks play an important role for the authorities to trace back outlawed transactions, such as purchasing weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use available cryptocurrency mixers and secure sender’s identity. Many crypto holders do not want to inform everyone the amount they gain or how they spend their money.
There is an opinion among some web surfers that using a mixing service is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of cryptocurrency blending to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to tumbler their coins.
However, a digital currency owner should pay attention while choosing a digital currency scrambler. Which platform can be trusted? How can one be sure that a tumbler will not steal all the sent coins? This article is here to reply to these questions and assist every bitcoin holder to make the right decision.
The digital currency mixers presented above are among the top existing mixers that were chosen by users and are highly recommended. Let’s look closely at the listed crypto 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 services 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 provide a sender with 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 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 several days or even hours and minutes. To get a better understanding of crypto mixers, it is essential to review each of them independently.
Blender has a straightforward 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 additional fee of 0.0005 % per output address. As one of the few, this mixer provides a user with a special mixing code which assures that new crypto coins are not mixed with prior deposits. Additional URL (Blender) is also here to guarantee that senders 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 mixing service 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 deposits 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 required, in case of sending more than 1000 BTC a user needs to gather 5 confirmations.
To operate on this crypto mixer, a CryptoMixer code needs to be invented. A user should note it, so it is possible to use it next time. After providing a CryptoMixer code, users need to enter the output 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 necessary. A service fee can be also chosen 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 received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixers that has ever appeared. This tumbler supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and receive them in another type of coins. This process even increases user’s anonymity. 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 extraordinary crypto mixer is ChipMixer because it is based on the completely another principle comparing to other tumblers. A user does not just deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing platform 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 platform: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually clear all logs prior to this period. Another mixing platform Mixtum offers you a so-called free trial period meaning 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.
It should be pointed out that random sums are sent in two and more transactions to make them untraceable.
Another reliable scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively standard and similar to the processes on other mixing services. It is possible to choose a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the coins are sent to several addresses. Thus, sender’s funds are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io mixing service. This scrambler is listed 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 maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payout meaning that the transaction is becoming even more anonymous.
Let’s take a look at another one of the top bitcoin tumblers which is extremely user-friendly. Bitcoin Laundry (Bitcoin Laundry) has a straightforward interface and it should be noted 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 remove all the logs which are saved for this period because of any possible transaction-related issues. 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 oldest crypto coin mixers, BitBlender (BitBlender) remains a user-friendly and usable crypto coin tumbler. 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 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 sender should be afraid of security breach as there is a 2-factor authentication when a sender becomes a holder 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 coin scrambler in case of scams.
And last but not least, there is a crypto coin tumbler with a number of cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented soon. This tumbler offers a very simple user-interface, as well as the possibility to have control over all phases of the mixing process. A user can set up a delay not just by hours, but by the minute which is very helpful. The mixer gives the opportunity to use a calculator to understand the amount of funds 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 various resources helps the crypto mixer to maintain user’s personal information undiscovered. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency scramblers presented in the article are reported to be reliable having all transactions anonymous. It is important to pick a crypto tumbler wisely, as a sender has no chance to turn to any authority in case of scams. Of course, processing your deposits online can be unsafe, however, using scramblers that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.