Ethereum mixer reddit. Cryptocurrency tumbler
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These marks play an important role for the government to trace back criminal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any unlawful activity and still wants to avoid being tracked, it is possible to use available bitcoin mixers and secure sender’s identity. Many digital currency owners do not want to inform everyone how much they earn or how they use up their money.
There is a belief among some internet surfers that using a mixing service is an illegal action itself. It is not completely true. As outlined above, there is a possibility of coin blending to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no reason to be concerned. There are many services that are here for bitcoin holders to mix their coins.
However, a digital currency owner should pay attention while picking a bitcoin tumbler. Which service can be trusted? How can one be sure that a mixing platform will not take all the deposited coins? This article is here to reply to these concerns and help every crypto owner to make the right decision.
The digital currency mixers presented above are among the leading existing tumblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers and explain all options on which attention should be focused.
As digital currency is gaining momentum across the globe, bitcoin holders have become more aware about the confidentiality of their affairs. Everyone thought that a crypto user can remain incognito while depositing their coins and it came to light that it is not true. Because of public administration controls, the transactions are meaning that a user’s e-mail and even identity can be disclosed. But don’t be frightened, there is an answer to such governmental measures and it is a cyber money mixer.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is a straightforward way to blend several parts of it with other coins. In the end a user gets back an equal quantity of coins, but mixed up in a completely different set. Therefore, there is no way to trace 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 aspects that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there are a few crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some mixing services 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 feature helps a user and a transaction itself to remain anonymous, as there is a gap between the forwarded coins and the outgoing transaction. In most cases, users can set the time of delay on their own and it can be a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, it is essential to consider each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin tumblers that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to send one type of coins and receive them in another type of coins. This process even increases user’s anonymity. Time-delay feature helps to make a transaction less 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 mixer is ChipMixer because it is based on the absolutely different rule comparing to other tumblers. A user does not merely deposit coins to mix, but makes a wallet and funds it with chips from 0.03 BTC to 8.192 BTC which a user can break down according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing service 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 mixing service: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more cost-effective. 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 what means that there are no service or transaction fee charged. The process of getting renewed coins is also quite unusual, as the mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.
