Bitcoin mixer reddit - Cryptocurrency tumbler
As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves traces. These traces are important for the state to track back criminal transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being tracked, it is possible to use accessible crypto tumbling services and secure sender’s personal identity. Many bitcoin holders do not want to inform everyone how much they earn or how they spend their money.
There is an opinion among some web users that using a tumbler is an illegal action itself. It is not entirely true. As outlined above, there is a possibility of cryptocurrency mixing to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no need to worry. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a crypto holder should be careful while choosing a crypto mixer. Which platform can be trusted? How can a crypto holder be sure that a mixing platform will not take all the deposited coins? This article is here to reply to these concerns and assist every crypto owner to make the right decision.
The crypto scramblers presented above are among the best existing tumblers that were chosen by clients and are highly recommended. Let’s look closely at the listed crypto mixers and explain all features on which attention should be focused.
Since digital currency is gaining momentum around the world, bitcoin holders have become more aware about the anonymity of their affairs. Everyone was of the opinion that a crypto user can remain disguised while forwarding their digital currencies and it turned out that it is not true. Owing to public administration controls, the transactions are meaning that a sender’s electronic address and even identity can be disclosed. But don’t be worried, there is an answer to such public administration controls and it is a crypto mixer.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other coins. In the end a user gets back the same number of coins, but mixed up in a non-identical set. Consequently, it is impossible to track the transaction back to a user, so one can stay calm that personal identification information is not revealed.
Surely all tumblers from the table support no-logs and no-registration rule, these are essential aspects that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of crypto mixing platforms that mix other cryptocurrencies, 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 traceable.
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 outgoing 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 consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin tumblers that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to interchange the coins, in other words to send one currency and receive them in another currency. This process even increases user’s confidentiality. Time-delay feature makes a transaction less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One absolutely special crypto mixer is ChipMixer because it is based on the totally another principle comparing to other mixers. A user does not merely deposit coins to clean, but creates a wallet and funds it with chips from 0.02 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 deposit coins to process. As the chips are sent to the mixing platform beforehand, following transactions are untraceable and there is no opportunity to connect them with the wallet owner. There is no standard fee for transactions on this tumbler: 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 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 clean coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.
