As cybercash is spinning up across the globe, bitcoin holders have become more conscious about the anonymity of their transactions. Everyone thought that a crypto user can remain unidentified while depositing their coins and it turned out that it is not true. Because of the implementation of government policies, the transactions are identifiable meaning that a sender’s electronic address and even identity can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a Bitcoin tumbler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to blend several parts of it with other transactions used. After all a user gets back an equal quantity of coins, but blended in a non-identical set. As a result, it is impossible to trace the transaction back to a user, so one can stay calm that identity is not revealed.
As maybe some of you are aware, every cryptocurrency transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These traces are essential for the state to trace back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being traced, it is possible to use accessible cryptocurrency tumblers and secure sender’s personal identity. Many digital currency holders do not want to let everybody know the amount they gain or how they spend their money.
There is a belief among some internet surfers that using a tumbler is an criminal action itself. It is not entirely correct. As previously stated, there is a possibility of coin mixing 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 cryptocurrency owners to mix their coins.
Nevertheless, a crypto holder should be careful while picking a crypto mixer. Which platform can be relied on? How can a crypto holder be sure that a mixer will not steal all the deposited coins? This article is here to answer these questions and assist every crypto owner to make the right choice.
The digital currency mixers presented above are among the leading existing tumblers that were chosen by customers and are highly recommended. Let’s take a closer look at the listed mixers and describe all features on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are critical features that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there are a few crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some tumblers also allow to blend coins between the currencies which makes transactions far less identifiable.
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 deposited coins and the outgoing 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 mixers, it is necessary to consider each of them independently.
Blender has a clear interface, it is easy to use and straightforward. 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 assures that new crypto coins are not mixed with previous deposits. Additional URL (Blender) is also here to ensure that users can get to the scrambler, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixer is notable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is without a doubt that users can trust this mixing platform and their coins will not be taken. The number of needed confirmations depends on the deposited amount, e.g. for depositing less that 25 BTC there is only 1 confirmation needed, in case of sending 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 providing 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 determined automatically and a user can adjust it if needed. A service fee can be also chosen from the table depending on the sent sum. 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 leading Bitcoin mixers that has ever appeared. This tumbler 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 hardly 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 mixing service is ChipMixer because it is based on the totally 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 0.01 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 send 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 holder. There is no usual fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more anonymous and the service itself more cost-effective. Retention period is 7 days and each sender 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 renewed coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.
It is worth noting that random amounts are sent in two and more transactions to make them less identifiable.
Another reliable mixer is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively standard and identical with the processes on other mixing services. There is a possibility to choose a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the coins are sent to multiple addresses. Thus, sender’s funds are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io platform. This scrambler is on the list because it works fast and it is trusty. The transaction fee is really small, only the amount of 0.0001 BTC needs to be added for each additional address. Dividing deposited coins between 5 addresses is also highly beneficial for maintaining user’s confidentiality. Every user is able to select an additional option of delaying the payout meaning that the transaction is becoming even less traceable.
Let’s represent another one of the leading bitcoin mixers which is really easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a straightforward interface and it should be noted that the service fee is the smallest 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 delete all the logs which are saved for this period because of any possible 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 oldest crypto coin tumblers, BitBlender (BitBlender) continues to be a simple and usable crypto coin mixer. There is a possibility 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 sends more than 10 BTC in a week, the mixing service reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin owner should be afraid of security breach as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this tumbler does not have a Letter of Guarantee which makes it difficult to turn to this coin scrambler in case of scams.
And last but not least, there is a platform with many cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented in future. This platform offers a very friendly user-interface, as well as the possibility to have control over all phases of the mixing process. A user can set up a delay not just by hours, but by the minute which is very helpful. The platform gives 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 identity undiscovered. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers introduced in the article are reported to be trustworthy having all transactions unidentified. It is important to pick a mixing platform 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 scramblers that are listed in the article will help every user to reduce risks and be sure of success of the transaction.