As digital money is spinning up around the world, digital money holders have become more aware about the confidentiality of their transactions. Everyone used to believe that a sender can remain incognito while forwarding their coins and it came to light that it is not true. On account of public administration controls, the transactions are identifiable which means that a sender’s electronic address and even personal identification information can be revealed. But don’t be worried, there is an answer to such governmental measures and it is a cryptocurrency mixer.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to mix several parts of it with other coins. After all a user gets back an equal quantity of coins, but blended in a completely different set. Therefore, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not revealed.
As maybe some of you realize, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves traces. These traces are essential for the state to trace back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use available cryptocurrency tumblers and secure sender’s personal identity. Many digital currency owners do not want to let everybody know how much they gain or how they use up their money.
There is an opinion among some web surfers that using a mixing service is an illegal action itself. It is not completely true. As outlined above, there is a possibility of cryptocurrency mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no reason to be concerned. There are many services that are here for cryptocurrency owners to blend their coins.
However, a digital currency owner should be careful while picking a bitcoin tumbler. Which platform can be trusted? How can a crypto holder be certain that a mixing platform will not take all the sent digital money? This article is here to answer these concerns and assist every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the leading existing mixers that were chosen by clients and are highly recommended. Let’s look into the listed crypto mixers and explain all aspects on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are important features that should not be disregarded. Most of the mixing platforms are used to mix only Bitcoins as the most common cryptocurrency. Although there are a few crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services also allow to blend coins between the currencies which makes transactions far less identifiable.
There is one option that is not represented 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 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. For better understanding of crypto tumblers, it is essential to review each of them separately.
Blender has a easy interface, it is convenient to use and simple. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per output address. As one of the few, this mixer provides a user with a special mixing code which guarantees that fresh crypto coins are not blended with preceding deposits. Additional URL (Blender) is also here to guarantee that users can get to the scrambler, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing platfrom is notable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is clearly that users can trust this mixing platform and their cryprocurrencies will not be stolen. The number of required confirmations differs depending on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of depositing more than 1000 BTC a user needs to gather 5 confirmations.
To use this crypto mixer, a CryptoMixer code needs to be invented. A user should note it, so it is easy to use it next time. After entering a CryptoMixer code, users need to provide the outgoing address or several of them and then set a time-delay feature. A delay time is defined automatically and a user can adjust it if needed. A service fee can be also chosen from the table depending on the forwarded sum. Each transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the amount of crypto money sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixers that has ever appeared. This mixer 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 currency. This process even increases user’s anonymity. 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 absolutely extraordinary crypto tumbler is ChipMixer because it is based on the totally another idea comparing to other services. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 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 prior to the transaction, following transactions are nowhere to be found and it is not possible to connect them with the wallet owner. There is no standard fee for transactions on this mixing service: it applies “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 an opportunity to manually clear 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 acquired from stock exchanges.
It should be pointed out that random sums are sent in two and more transactions to make them untraceable.
Another reliable mixer is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively typical and similar to the processes on other tumblers. There is a possibility to set a time-delay feature up to 72 hours and a sender has an opportunity to split the transaction, so the coins are sent to several addresses. Thus, sender’s money are more secured and undetectable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This tumbler is listed because it works fast and it is trusty. The transaction fee is quite low, only the amount of 0.0001 BTC needs to be added for every extra address. Splitting deposited coins between 5 addresses is also extremely helpful for maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payment meaning that the transaction is becoming even more anonymous.
Let’s take a look at another one of the leading bitcoin tumblers which is incredibly easy to use. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it is worth mentioning that the service fee is the lowest possible, it is 0.0% with 0.0002 BTC per extra address. Retention period is 7 days when it is easy for a user to manually remove all the logs which are saved for this period because of any future transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixer only.
Being one of the earliest mixing services, BitBlender (BitBlender) remains a easy-to-use and usable crypto coin tumbler. There is a possibility to have two accounts, with and without registration. The difference is that the one without registration is less controllable by a user.
The mixing itself can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction more anonymous. Also, if a user sends more than 10 BTC in a week, the platform reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should worry security breach as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this tumbler does not have a Letter of Guarantee which makes it challenging to turn to this coin scrambler in case of scams.
And last but not least, there is a mixing service with several cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be represented soon. This tumbler offers a very simple user-interface, as well as the possibility to have control over all phases of the mixing process. A user can set up a delay not just by hours, but by the minute which is incredibly helpful. The tumbler gives the opportunity to use a calculator to understand the amount of money a user finally gets. The service fee is from 1 % to 5 % with fees for extra addresses (0.00045529 BTC, 0.01072904 LTC, and 0.00273174 BCH). Having funds from different resources helps the crypto mixer to maintain user’s identity undiscovered. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency mixers presented in the article are reported to be trusty having all transactions unidentified. It is important to pick a mixing platform wisely, as a sender has no opportunity to turn to any governmental structure in case of scams. By all means, processing your deposits online can be unsafe, however, using scramblers that are listed in the article will help every user to reduce risks and be sure of success of the transaction.