As digital currency is spinning up around the world, bitcoin holders have become more aware about the anonymity of their affairs. Everyone was of the opinion that a crypto user can remain incognito while forwarding their coins and it came to light that it is not true. Owing to the implementation of government policies, the transactions are detectable meaning that a sender’s e-mail and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a cryptocurrency mixer.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other transactions used. In the end a sender gets back an equal quantity of coins, but mixed up in a non-identical set. Therefore, there is no possibility 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 carved in the blockchain and it leaves traces. These traces play an important role for the authorities to track back criminal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use accessible cryptocurrency mixing services and secure sender’s personal identity. Many crypto holders do not want to let everybody know how much they gain or how they spend their money.
There is an opinion among some internet users that using a mixer is an illegal action itself. It is not completely correct. As outlined above, there is a possibility of crypto blending to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no reason to worry. There are many services that are here for cryptocurrency owners to tumbler their coins.
However, a digital currency owner should be careful while choosing a digital currency scrambler. Which platform can be trusted? How can a crypto holder be certain that a scrambler will not take all the sent digital money? This article is here to reply to these questions and help every crypto owner to make the right choice.
The crypto scramblers presented above are among the top existing mixers that were chosen by users and are highly recommended. Let’s look into the listed crypto mixers and describe all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are important options that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most common cryptocurrency. Although there are a few crypto mixing platforms that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services 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 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 several days or even hours and minutes. For better understanding of crypto mixers, it is necessary to review each of them independently.
Blender has a simple 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 extra fee of 0.0005 % per outgoing address. As one of the few, this cryptocurrency tumbler provides a user with a special mixing code which assures that new crypto coins are not blended with previous deposits. Additional URL (Blender) is also here to make sure that senders can get to the tumbler, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This tumbler is noteworthy for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC there is no doubt that users can trust this mixing service and their coins will not be stolen. The number of needed confirmations depends 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 gather 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be invented. A user should note it, so it is possible to use it next time. After entering 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 determined automatically and a user can change it if necessary. A service fee can be also chosen from the table depending on the deposited amount. Each transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the amount of crypto money sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixing services 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 get them back in another type of coins. 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 additional address.
One completely special crypto mixing service is ChipMixer because it is based on the completely another idea 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 send coins to process. As the chips are sent to the mixing service in advance, following transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this platform: it applies “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 coin scrambler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting clean coins is also quite unusual, as the tumbler 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 amounts are sent in two and more transactions to make them untraceable.
Another trustworthy scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively 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 coins are sent to several addresses. Thus, sender’s money are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io platform. This tumbler is listed because it works quickly and it is reliable. The transaction fee is really low, only the amount of 0.0001 BTC needs to be added for each additional address. Dividing deposited coins between 5 addresses is also highly beneficial for maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payment meaning that the transaction is becoming even more anonymous.
Let’s take a look at another one of the leading bitcoin tumblers which is extremely easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a straightforward 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 possible for a user to manually remove all the logs which are saved for this period because of any future 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 earliest crypto coin mixers, BitBlender (BitBlender) continues to be a simple and usable mixing platform. There is a possibility to have two accounts, with and without registration. The difference is that the one without registration is less controllable 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. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin holder should be afraid of 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 offer a Letter of Guarantee which makes it difficult to address this coin scrambler in case of scams.
And last but not least, there is a crypto coin tumbler with several 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 friendly user-interface, as well as the possibility to have control over all phases of the mixing process. A user can select a delay not just by hours, but by the minute which is very useful. The mixer provides 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 different resources helps the crypto tumbler to keep user’s identity undiscovered. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers 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 opportunity to turn to any governmental structure in case of scams. By all means, processing your deposits online can be unsafe, however, using mixing platforms that are listed in the article will help every user to minimize risks and be sure of success of the transaction.