Ethereum mixer - 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 marks play an important role for the government to trace back outlawed 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 tracked, it is possible to use accessible bitcoin tumblers and secure sender’s identity. Many crypto owners do not want to let everybody know how much they earn or how they use up their money.
There is an opinion among some internet users that using a mixer is an criminal action itself. It is not completely correct. As outlined above, there is a possibility of cryptocurrency mixing to become unlawful, 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 bitcoin holders to mix their coins.
Nevertheless, a crypto holder should be careful while choosing a bitcoin tumbler. Which platform can be relied on? How can a crypto holder be certain that a tumbler will not take all the sent coins? This article is here to reply to these concerns and help every crypto owner to make the right decision.
The digital currency mixers presented above are among the best existing tumblers that were chosen by customers and are highly recommended. Let’s look closely at the listed coin tumblers and describe all options on which attention should be focused.
Since digital money is gaining momentum across the globe, digital money holders have become more aware about the anonymity of their purchases. Everyone thought that a crypto user can remain disguised while forwarding their digital currencies and it turned out that it is untrue. Because of public administration controls, the transactions are meaning that a user’s electronic address and even identity can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a cyber money mixer.
To make it clear, a cryptocurrency mixing service is a program that splits 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 an equal quantity of coins, but blended in a completely different set. As a result, there is no possibility to track the transaction back to a user, so one can stay calm that personal identification information is not revealed.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are important aspects that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of coin scramblers that mix other cryptocurrencies, 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 trackable.
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 remain anonymous, as there is a gap between the deposited coins and the outcoming transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. For better understanding of crypto tumblers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the leading Bitcoin mixers that has ever existed. This scrambler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to deposit one currency and receive them in another type of coins. This process even increases user’s confidentiality. Time-delay feature helps to make a transaction less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One totally unique crypto mixer 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 0.03 BTC to 14.954 BTC which a user can split 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 prior to the transaction, following transactions are nowhere to be found 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 anonymous and the service itself more cost-effective. Retention period is 7 days and every user has a chance to manually clear all logs prior to this period. Another coin scrambler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting clean coins is also quite unique, as the mixing service requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.