Bitcoin mixer reddit. Cryptocurrency tumbler
Since bitcoin is gaining momentum around the world, bitcoin holders have become more aware about the confidentiality of their affairs. Everyone thought that a crypto user can remain disguised while depositing their coins and it turned out that it is not true. Owing to public administration controls, the transactions are meaning that a user’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a cryptocurrency mixer.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is a straightforward way to mix several parts of it with other transactions used. In the end a sender gets back an equal quantity of coins, but mixed up in a completely different set. Consequently, there is no possibility to track the transaction back to a sender, so one can stay calm that identity is not disclosed.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These traces are essential for the government to track back illegal transactions, such as purchasing guns, 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 available crypto tumbling services and secure sender’s personal identity. Many bitcoin holders do not want to let everybody know how much they earn or how they spend their money.
There is an opinion among some web users that using a mixer is an illegal action itself. It is not entirely correct. As previously stated, there is a possibility of coin blending to become unlawful, 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 bitcoin holders to tumbler their coins.
However, a digital currency owner should be careful while choosing a bitcoin tumbler. Which platform can be relied on? How can a crypto holder 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 choice.
The digital currency mixers presented above are among the top existing tumblers that were chosen by users and are highly recommended. Let’s look closely at the listed crypto mixers and explain all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential aspects that should not be disregarded. Most of the mixing platforms are used to mix only Bitcoins as the most common digital money. Although there are a few coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to mix 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 feature 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 on their own and it can be several days or even hours and minutes. For better understanding of crypto tumblers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixers that has ever appeared. This scrambler supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to exchange the coins, in other words to send one currency and get them back in another currency. This process even increases user’s confidentiality. 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 extra address.
One completely extraordinary crypto mixing service is ChipMixer because it is based on the absolutely another principle comparing to other mixers. A user does not merely deposit coins to mix, but makes a wallet and funds it with chips from 0.03 BTC to 13.734 BTC which a user can break down according to their wishes. After chips are added to the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing service in advance, next transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender 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 what means that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the mixing service requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
