Cryptocurrency tumbler or cryptocurrency mixing service wiki Wikipedia
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves traces. These marks play an important role for the state 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 accessible crypto mixing services and secure sender’s identity. Many crypto owners do not want to inform everyone how much they earn or how they spend their money.
There is a belief among some web users that using a tumbler is an criminal action itself. It is not completely true. As mentioned before, there is a possibility of coin blending to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no point to worry. There are many services that are here for bitcoin holders to blend their coins.
Nevertheless, a digital currency owner should be careful while picking a bitcoin tumbler. Which platform can be relied on? How can one be certain that a mixer will not take all the deposited digital money? This article is here to answer these concerns and help every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the top existing tumblers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed mixers and describe all aspects on which attention should be focused.
As cybercash is gaining momentum across the globe, digital money holders have become more aware about the anonymity of their transactions. Everyone thought that a sender can remain incognito while depositing their coins and it turned out that it is untrue. On account of public administration controls, the transactions are detectable which means that a user’s e-mail and even identity can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a Bitcoin tumbler.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is an easy way to mix several parts of it with other coins. In the end a sender gets back an equal quantity of coins, but mixed up in a non-identical set. Therefore, it is impossible to trace the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all mixers from the table support no-logs and no-registration rule, these are critical aspects that should not be neglected. Most of the mixing platforms are used to mix only Bitcoins as the most common cryptocurrency. Although there is a couple of crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some tumblers also allow to combine 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 option helps a user and a transaction itself to remain anonymous, as there is a gap between the sent coins and the outcoming 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. For better understanding of crypto mixers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, CryptoMixer is one of the top Bitcoin tumblers that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to swap the coins, in other words to deposit 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 unique crypto mixer is ChipMixer because it is based on the completely another principle comparing to other mixers. A user does not merely deposit coins to mix, but creates a wallet and funds it with chips from 0.04 BTC to 10.11 BTC which a user can break down 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 nowhere to be found 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 incognito and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs before the end of 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 clean coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.