Since cybercash is spinning up across the globe, digital money holders have become more conscious about the confidentiality of their purchases. Everyone thought that a crypto user can remain unidentified while forwarding their digital currencies and it turned out that it is not true. On account of the implementation of government policies, the transactions are traceable meaning that a sender’s e-mail and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a crypto mixing service.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to blend several parts of it with other transactions used. In the end a user gets back the same number of coins, but blended in a non-identical set. As a result, there is no possibility to track the transaction back to a user, so one can stay calm that identity is not uncovered.
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These traces are important for the authorities to trace back criminal transactions, such as buying guns, drugs or money laundering. While a sender is not associated with any unlawful activity and still wants to avoid being traced, it is possible to use available cryptocurrency tumbling services and secure sender’s identity. Many crypto holders do not want to inform everyone how much they earn or how they spend their money.
There is an opinion among some web surfers that using a mixing service is an illegal action itself. It is not entirely true. As outlined above, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to worry. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
However, a digital currency owner should be careful while choosing a digital currency scrambler. Which platform can be trusted? How can a crypto holder be sure that a mixer will not steal all the sent coins? This article is here to reply to these concerns and help every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s look closely at the listed coin tumblers and explain all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are essential aspects that should not be overlooked. Most of the mixers 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 give a sender more options, some tumblers also allow to combine coins between the currencies which makes transactions far less traceable.
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 on their own and it can be a couple of days or even hours and minutes. For better understanding of crypto tumblers, it is necessary to review each of them separately.
Blender has a straightforward interface, it is intuitive 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 new crypto coins are not mixed with prior deposits. Additional URL (Blender) is also here to make certain that senders can get to the mixer, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This tumbler is noteworthy for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is without a doubt that users can trust this mixing service and their coins will not be stolen. The number of needed confirmations depends on the deposited amount, e.g. for depositing less that 25 BTC there is only 1 confirmation needed, in case of depositing more than 1000 BTC a user needs to gather 5 confirmations.
To use this crypto tumbler, a CryptoMixer code needs to be created. A user should write it down, so it is possible to use it next time. After entering a CryptoMixer code, users need to enter the output 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 necessary. A service fee can be also chosen from the table depending on the deposited sum. Every transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the number of coins sent and got back after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin mixers that has ever existed. This scrambler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this mixing service allows a user to interchange the coins, in other words to deposit one type of coins and get them back in another currency. This process even increases user’s anonymity. Time-delay feature helps to make 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 totally extraordinary crypto mixing service is ChipMixer because it is based on the absolutely 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 0.01 BTC to 8.192 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing service prior to the transaction, following transactions are untraceable 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 cost-effective. Retention period is 7 days and every user has an opportunity to manually clear all logs prior to this period. Another mixing service 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 unique, as the mixing service requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.
It is worth noting that random amounts are sent in two and more transactions to make them less traceable.
Another reliable scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively standard and similar to the processes on other tumblers. It is possible to set a time-delay feature up to 72 hours and a sender has an opportunity to divide the transaction, so the coins are sent to multiple addresses. Thus, sender’s money are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This mixer is listed because it works fast and it is reliable. The transaction fee is really small, only the amount of 0.0001 BTC needs to be sent for each additional address. Dividing deposited coins between 5 addresses is also greatly helpful for keeping user’s anonymity. Every user is able to select an additional option of delaying the payment meaning that the transaction is becoming even more anonymous.
Let’s represent another one of the best bitcoin mixing services which is extremely easy to use. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it should be noted that the service fee is the smallest possible, it is 0.0% with 0.0002 BTC per extra address. Retention period is 7 days when it is possible 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 mixing service only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) remains a easy-to-use and functional mixing platform. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less manageable by a user.
The mixing itself is realizable 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 crypto mixer reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should be afraid of security leak as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this service does not offer a Letter of Guarantee which makes it difficult to address this coin mixer in case of scams.
And last but not least, there is a coin mixer with many cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be represented soon. This mixer offers a very simple user-interface, as well as the possibility to have control over all steps of the mixing process. A user can set up a delay not just by hours, but by the minute which is incredibly useful. The platform provides the opportunity to use a calculator to understand the amount of funds a user finally receives. 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 various resources helps the mixing platform to keep user’s identity incognito. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency scramblers introduced in the article are reported to be reliable having all transactions unidentified. It is important to choose a crypto tumbler wisely, as a sender has no opportunity to address any governmental structure in case of scams. Of course, handling your deposits online can be unsafe, however, using coin tumblers that are introduced in the article will help every user to minimize risks and be sure of success of the transaction.