As cybercash is gaining momentum across the globe, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain unidentified while forwarding their digital currencies and it came to light that it is untrue. Because of public administration controls, the transactions are identifiable meaning that a user’s e-mail and even identity can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a Bitcoin mixing service.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is an easy way to mix different 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. As a result, there is no possibility to track the transaction back to a user, so one can stay calm that identity is not disclosed.
As maybe some of you realize, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks are essential for the government to track back illegal transactions, such as purchasing weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being traced, it is possible to use accessible crypto mixing services and secure sender’s identity. Many crypto holders do not want to inform everyone the amount they earn or how they spend their money.
There is a belief among some web surfers that using a mixing service is an illegal action itself. It is not entirely correct. 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 need to be concerned. There are many services that are here for cryptocurrency owners to blend their coins.
Nevertheless, a digital currency owner should pay attention while picking a crypto mixer. Which service can be relied on? How can a crypto holder be certain that a scrambler will not take all the sent digital money? This article is here to answer these questions and help every crypto owner to make the right choice.
The digital currency mixers presented above are among the leading existing mixers that were chosen by customers and are highly recommended. Let’s look into the listed coin tumblers and explain all options on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential aspects that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most regular digital money. Although there is a couple of crypto mixing platforms that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services also allow to blend 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 outgoing transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is essential to consider each of them independently.
Blender has a straightforward interface, it is intuitive to use and uncomplicated. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per outgoing address. As one of the few, this cryptocurrency tumbler provides a user with a special mixing code which guarantees that new crypto coins are not blended with previous deposits. Additional URL (Blender) is also here to ensure that senders can get to the mixer, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing platfrom is noteworthy for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC there is no doubt that users can trust this mixing platform and their cryprocurrencies will not be stolen. The number of required confirmations depends 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 collect 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 outgoing address or several of them and then set a time-delay option. A delay time is defined automatically and a user can change it if needed. A service fee can be also selected from the table depending on the sent amount. Every transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see 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 top Bitcoin mixers that has ever appeared. This mixer supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this mixing service allows a user to swap the coins, in other words to deposit one type of coins and receive them in another type of coins. 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 completely special crypto tumbler is ChipMixer because it is based on the absolutely different principle comparing to other mixers. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can break down 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, next transactions are untraceable and it is not possible to connect them with the wallet owner. There is no standard fee for transactions on this platform: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous 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 scrambler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting renewed 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.
It is worth noting that random amounts are sent in two and more transactions to make them less traceable.
Another reliable mixer is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively standard and similar to the processes on other tumblers. It is possible to set a time-delay option up to 72 hours and a sender has an opportunity to split the transaction, so the funds are sent to several addresses. Thus, sender’s funds are more protected and undetectable.
Two cryptocurrencies are also supported on SmartMix.io mixing service. This scrambler is on the list because it works quickly 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 highly helpful for maintaining user’s confidentiality. Every user is able to choose an additional option of delaying the payment meaning that the transaction is becoming even less traceable.
Let’s represent another one of the top bitcoin mixing services which is incredibly easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a straightforward 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 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 platform only.
Being one of the earliest crypto coin mixers, BitBlender (BitBlender) remains a easy-to-use and functional crypto coin mixer. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less controllable by a user.
The mixing process is realizable and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user deposits more than 10 BTC in a week, the platform reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should worry security problems as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this mixer does not have a Letter of Guarantee which makes it hard to turn to this tumbler in case of scams.
And last but not least, there is a mixing service with a number of cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented in future. This tumbler offers a very easy-to-use user-interface, as well as the opportunity to have control over all steps of the mixing process. A user can select a delay not just by hours, but by the minute which is extremely useful. The mixer 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 tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers presented in the article are reported to be reliable having all transactions anonymous. It is important to pick a crypto tumbler wisely, as a sender has no opportunity to address any authority 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.