Since digital money is gaining momentum across the globe, digital money holders have become more conscious about the confidentiality of their purchases. Everyone used to believe that a sender can remain unidentified while depositing their digital currencies and it turned out that it is untrue. On account of public administration controls, the transactions are which means that a user’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 cyber money mixing service.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is an easy way to mix several parts of it with other transactions used. In the end a user gets back the same number of coins, but mixed up in a non-identical set. Consequently, there is no way to trace the transaction back to a user, so one can stay calm that personal identification information is not disclosed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves traces. These traces are essential for the government to trace back illegal 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 tracked, it is possible to use available crypto tumbling services and secure sender’s personal identity. Many bitcoin owners do not want to inform everyone the amount they gain 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 true. As previously stated, there is a possibility of coin mixing to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no point to be concerned. There are many platforms that are here for cryptocurrency owners to blend their coins.
However, a digital currency owner should pay attention while picking a crypto mixer. Which service can be trusted? How can one be certain that a tumbler will not take all the deposited coins? This article is here to answer these concerns and help every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the top existing mixers that were chosen by clients and are highly recommended. Let’s look into the listed crypto mixers and explain all options on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are critical options that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most regular cryptocurrency. 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 combine coins between the currencies which makes transactions far less trackable.
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 stay incognito, as there is a gap between the sent coins and the outgoing 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. 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, PrivCoin is one of the top Bitcoin tumblers that has ever appeared. This scrambler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to send one currency and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature makes 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 completely different principle comparing to other services. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.03 BTC to 13.734 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 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 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 affordable. Retention period is 7 days and every user has a chance to manually cleanse all logs prior to this period. Another coin tumbler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unusual, as the mixing service requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.