As cybercash is spinning up across the globe, bitcoin holders have become more conscious about the anonymity of their affairs. Everyone thought that a crypto user can remain disguised while depositing their coins and it turned out that it is not true. On account of the implementation of government policies, the transactions are detectable which means that a sender’s electronic address and even personal identification information can be revealed. But don’t be frightened, there is an answer to such governmental measures and it is a cyber money tumbler.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is a straightforward way to blend several parts of it with other transactions used. 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 sender, so one can stay calm that personal identification information is not uncovered.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves marks. These marks play an important role for the state to track back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use accessible bitcoin tumbling services and secure sender’s identity. Many bitcoin holders do not want to inform everyone how much they earn or how they use up their money.
There is an opinion among some web surfers that using a tumbler is an illegal action itself. It is not completely correct. As mentioned before, there is a possibility of crypto blending to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no need to worry. There are many services that are here for bitcoin holders to tumbler their coins.
Nevertheless, a crypto holder 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 steal all the deposited coins? This article is here to reply to these concerns and assist every bitcoin holder to make the right decision.
The cryptocurrency mixing services presented above are among the top existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed mixers and describe all aspects on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration policy, these are essential options that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular digital money. Although there are a few 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 mix coins between the currencies which makes transactions far less identifiable.
There is one feature that is not displayed 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 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 consider each of them separately.
Blender has a straightforward interface, it is easy 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 assures that fresh crypto coins are not blended with preceding deposits. Additional URL (Blender) is also here to ensure that senders can get to the mixing service, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing platfrom is notable 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 coins will not be taken. The number of needed confirmations differs depending on the deposited amount, 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 operate on this crypto tumbler, a CryptoMixer code needs to be invented. A user should write it down, so it is easy to use it next time. After entering a CryptoMixer code, users need to provide the outgoing 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 needed. A service fee can be also chosen from the table depending on the sent amount. Each transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see 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 top Bitcoin mixing services that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to send one type of coins and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature makes a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One completely extraordinary crypto mixer is ChipMixer because it is based on the completely another rule comparing to other tumblers. A user does not just deposit coins to mix, but creates a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can divide according to their wishes. After chips are added to the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service in advance, next transactions are untraceable and it is not possible to connect them with the wallet holder. There is no usual 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 unidentified and the service itself more affordable. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs prior to this period. Another mixing service 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 obtained from stock exchanges.
It should be pointed out that random sums are sent in two and more transactions to make them less traceable.
Another trustworthy tumbler is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively typical and identical with the processes on other tumblers. There is a possibility to choose a time-delay feature up to 72 hours and a sender has an opportunity to divide the transaction, so the funds are sent to several addresses. Thus, sender’s money are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io mixing service. This mixer is listed because it works fast and it is reliable. The transaction fee is really low, only the amount of 0.0001 BTC needs to be added for each additional address. Splitting deposited coins between 5 addresses is also extremely beneficial for maintaining user’s confidentiality. 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 top bitcoin mixing services which is incredibly easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it should be noted 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 easy for a user to manually remove all the logs which are stored for this period because of any future transaction-related issues. 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 earliest mixing services, BitBlender (BitBlender) continues to be a simple and usable 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 can be performed 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 mixing service reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin owner 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 offer a Letter of Guarantee which makes it hard to address this coin scrambler in case of scams.
And last but not least, there is a platform 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 easy-to-use user-interface, as well as the opportunity to control all steps of the mixing process. A user can set up a delay not just by hours, but by the minute which is very helpful. The tumbler provides the opportunity to use a calculator to understand the amount of money 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 maintain user’s personal information incognito. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers introduced in the article are reported to be reliable having all transactions anonymous. It is important to pick a mixing platform wisely, as a sender has no chance to address any governmental structure in case of scams. Of course, processing your deposits online can be unsafe, however, using coin tumblers that are listed in the article will help every user to minimize risks and be sure of success of the transaction.