Bitcoin mixer reddit - Cryptocurrency tumbler
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves traces. These marks are important for the government to trace back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being tracked, it is possible to use accessible bitcoin tumblers and secure sender’s identity. Many bitcoin holders do not want to inform everyone the amount they gain or how they use up their money.
There is an opinion among some web users that using a mixing service is an criminal action itself. It is not completely correct. As mentioned before, there is a possibility of coin mixing to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no reason to be concerned. There are many services that are here for bitcoin holders to blend their coins.
Nevertheless, a digital currency owner should pay attention while choosing a digital currency scrambler. Which service can be relied on? How can one be certain that a mixer will not steal all the sent coins? This article is here to reply to these concerns and assist every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the top existing scramblers that were chosen by clients and are highly recommended. Let’s look into the listed coin tumblers and explain all aspects on which attention should be focused.
As digital currency is spinning up around the world, bitcoin holders have become more aware about the confidentiality of their purchases. Everyone used to believe that a sender can remain incognito while depositing their coins and it turned out that it is untrue. Owing to public administration controls, the transactions are which means that a sender’s e-mail and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a crypto scrambler.
To make it clear, a cryptocurrency mixing service 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 sender gets back the same number of coins, but mixed up in a completely different set. Therefore, there is no way to track the transaction back to a user, so one can stay calm that identity is not disclosed.
Surely all mixers from the table support no-logs and no-registration policy, these are important features that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some tumblers also allow to blend coins between the currencies which makes transactions far less trackable.
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 remain anonymous, as there is a gap between the forwarded coins and the outcoming transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto tumblers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin tumblers that has ever appeared. This tumbler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to send one currency and get them back in another currency. 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 unique crypto mixer is ChipMixer because it is based on the absolutely another rule comparing to other services. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.02 BTC to 13.734 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can forward coins to process. As the chips are sent to the mixing platform in advance, following transactions are untraceable and there is no opportunity to connect them with the wallet owner. There is no standard fee for transactions on this mixer: it uses “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 every user has a chance to manually cleanse all logs before the end of this period. Another coin tumbler 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 tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.
