Bitcoin mixer reddit - Cryptocurrency tumbler
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These traces play an important role for the authorities to track back illegal transactions, such as buying weapon, 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 tumbling services and secure sender’s identity. Many bitcoin owners do not want to inform everyone the amount they gain or how they use up their money.
There is a belief among some web surfers that using a scrambler is an illegal action itself. It is not entirely true. As mentioned before, there is a possibility of crypto blending to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no reason to worry. There are many services that are here for bitcoin holders to tumbler their coins.
However, a crypto holder should pay attention while choosing a digital currency scrambler. Which service can be trusted? How can one be sure that a tumbler will not steal all the sent digital money? This article is here to reply to these concerns and assist every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the top existing mixers that were chosen by clients and are highly recommended. Let’s look into the listed mixers and describe all options on which attention should be focused.
As cybercash is spinning up across the globe, digital money holders have become more aware about the anonymity of their purchases. Everyone used to believe that a crypto user can remain disguised while depositing their digital currencies and it turned out that it is untrue. On account of the implementation of government policies, the transactions are detectable meaning that a user’s e-mail and even personal identification information can be revealed. But don’t be frightened, there is an answer to such public administration controls and it is a Bitcoin mixing service.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is an easy way to mix different parts of it with other coins. In the end a sender gets back the same number of coins, but blended in a completely different set. Consequently, there is no possibility to track the transaction back to a sender, 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 overlooked. Most of the mixers are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to mix 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 stay incognito, 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 a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, it is essential to review each of them separately.
Based on the experience of many users on the Internet, Blender is one of the best Bitcoin mixers that has ever existed. This tumbler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to send 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 completely unique 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 creates a wallet and funds it with chips from 0.04 BTC to 13.734 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet owner can forward coins to process. As the chips are sent to the mixing service in advance, 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 platform: it applies “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 cost-effective. Retention period is 7 days and each sender has a chance to manually cleanse all logs prior to this period. Another coin tumbler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.