As digital money is spinning up worldwide, digital money holders have become more aware about the confidentiality of their purchases. Everyone was of the opinion that a sender can remain incognito while forwarding their coins and it turned out that it is untrue. Because of public administration controls, the transactions are identifiable which means that a user’s electronic address and even identity can be disclosed. But don’t be worried, there is an answer to such public administration controls and it is a cyber money tumbler.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other coins. In the end a sender gets back the same number of coins, but blended in a completely different set. Consequently, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information 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 are essential for the government to trace back outlawed transactions, such as purchasing 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 bitcoin tumbling services and secure sender’s personal identity. Many digital currency holders do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some web surfers that using a tumbler is an illegal action itself. It is not entirely true. As outlined above, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no need to be concerned. There are many services that are here for cryptocurrency owners to blend their coins.
Nevertheless, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which platform can be relied on? How can a crypto holder be sure that a mixing platform will not steal all the sent coins? This article is here to reply to these concerns and help every bitcoin holder to make the right choice.
The digital currency mixers presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s look into 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 critical options that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular digital money. 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 options, some tumblers also allow to blend 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 remain anonymous, as there is a gap between the sent coins and the outcoming 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. To get a better understanding of crypto tumblers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, CryptoMixer is one of the leading Bitcoin tumblers that has ever appeared. This mixer supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to interchange 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 helps to make a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One completely extraordinary crypto mixer is ChipMixer because it is based on the totally different principle comparing to other mixers. A user does not merely deposit coins to clean, but creates a wallet and funds it with chips from 0.04 BTC to 16.2 BTC which a user can divide 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 platform beforehand, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more cost-effective. Retention period is 7 days and every user has a chance to manually clear all logs prior to this period. Another coin scrambler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting clean coins is also quite unique, as the tumbler requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.