Bitcoin Mixer
Since cybercash is gaining momentum worldwide, digital money holders have become more aware about the confidentiality of their purchases. Everyone was of the opinion that a sender can remain incognito while depositing their digital currencies and it came to light that it is not true. On account of public administration controls, the transactions are identifiable which means that a user’s e-mail and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a cyber money mixer.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is a straightforward way to mix several parts of it with other transactions used. In the end a user gets back an equal quantity of coins, but mixed up in a completely different set. Consequently, there is no possibility to track the transaction back to a sender, so one can stay calm that personal identification information is not disclosed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These traces are important 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 tracked, it is possible to use accessible crypto mixing services and secure sender’s personal identity. Many crypto owners do not want to let everybody know how much they earn or how they spend their money.
There is a belief among some web users that using a tumbler is an illegal action itself. It is not entirely true. As mentioned before, there is a possibility of cryptocurrency mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no point to be concerned. There are many services that are here for bitcoin holders to tumbler their coins.
Nevertheless, a crypto holder should be careful while choosing a digital currency scrambler. Which platform can be relied on? How can one be sure that a tumbler will not steal all the sent digital money? This article is here to answer these questions and assist every bitcoin holder to make the right choice.
Ripple mixer / Cryptocurrency tumbler
Let’s first find out which options need to be considered to ensure that a platform user trusts their digital money to a reliable service:
- 1) there is normally a fee which is typically negligible (approx. 1-3%).
- 2) no logs are kept. It means that no record about your online transactions is gathered. This option is exceptionally important.
- 3) various output addresses can be added which help to diversify risks and send mixed coins to different destinations. These addresses are used as a final destination for the sent coins.
- 4) types of cryptocurrencies involved. There are scramblers that allow to mix some other cryptocurrencies except Bitcoin.
- 5) such platforms usually require confirmation, and the least confirmations it requires, the better.
- 6) If a tumbler offers you a Letter of Guarantee, it means that you can use it as a confirmation of your involvement in the transaction and it keeps safe your digital money in case of scams. Generally it looks like a text file digitally signed using PGP technology. The defined options are important to decide which crypto tumbler to use. There are some more aspects that also need to be noticed and all of them are included into the below table of the leading mixing services.
The digital currency mixers presented above are among the top existing mixers that were chosen by users and are highly recommended. Let’s look closely at the listed crypto mixers and describe all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential options that should not be neglected. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some mixing services also allow to mix coins between the currencies which makes transactions far less trackable.
There is one feature that is not displayed 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 by themselves and it can be several days or even hours and minutes. For better understanding of crypto mixers, it is necessary to review each of them separately.
Blender has a simple interface, it is easy to use and uncomplicated. Time-delay option can be set up to 24 hours. With regard to the fee, there is an extra fee of 0.0005 % per outgoing 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 make sure that users can get to the mixer, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This tumbler 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 service and their coins will not be stolen. The number of required confirmations depends on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of sending more than 1000 BTC a user needs to collect 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be invented. A user should note it, so it is possible to use it next time. After providing a CryptoMixer code, users need to enter the output address or several of them and then set a time-delay feature. A delay time is determined automatically and a user can modify it if necessary. 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 amount of crypto money sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever existed. This mixer supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this mixing service allows a user to swap the coins, in other words to send one type of coins and receive them in another currency. This process even increases user’s anonymity. 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 additional address.
One totally special crypto mixing service is ChipMixer because it is based on the completely different idea comparing to other tumblers. A user does not just 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 break down according to their wishes. After chips are added to the wallet, a wallet holder can send 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 mixer: 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 affordable. Retention period is 7 days and each sender has a chance to manually cleanse all logs prior to this period. Another mixing platform 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 clean coins are obtained from stock exchanges.
There are 3 steps of this mixing process that include:
- 1. pre-mixing coins and then mixing them with other coins;
- 2. sending coins to stock exchanges where they are combined with coins of other traders;
- 3. new coins are returned back to the original sender.
It is worth noting that random sums are sent in two and more transactions to make them untraceable.
Another trustworthy mixing platform is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively standard and identical with the processes on other mixing services. It is possible to set a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the funds are sent to multiple addresses. Thus, sender’s funds are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This mixer is listed because it works fast and it is trusty. The transaction fee is quite small, only the amount of 0.0001 BTC needs to be sent for each additional address. Dividing deposited coins between 5 addresses is also greatly beneficial for keeping user’s anonymity. Every user is able to select an additional option of delaying the payment meaning that the transaction is becoming even more anonymous.
Let’s take a look at another one of the top bitcoin tumblers which is extremely easy to use. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it is worth mentioning 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 possible 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 mixing services, BitBlender (BitBlender) remains a user-friendly 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 manageable 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 holder should be afraid of security leak as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this mixer does not have a Letter of Guarantee which makes it hard to address this coin mixer in case of scams.
And last but not least, there is a coin mixer with several cryptocurrencies to tumbler named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented in future. This tumbler offers a very easy-to-use user-interface, as well as the possibility to control all phases of the mixing process. A user can select a delay not just by hours, but by the minute which is very useful. The mixer 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 different resources helps the crypto tumbler to maintain user’s personal information incognito. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency mixers presented in the article are reported to be trusty having all transactions anonymous. It is important to choose a mixing platform wisely, as a sender has no opportunity to address any governmental structure in case of scams. Of course, processing your deposits online can be risky, however, using coin tumblers that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.