As digital money is gaining momentum around the world, digital money holders have become more aware about the confidentiality of their transactions. Everyone used to believe that a sender can remain disguised while depositing their digital currencies and it came to light that it is not true. Owing to the implementation of government policies, the transactions are detectable meaning that a sender’s e-mail 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 tumbler.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is an easy way to mix several parts of it with other transactions used. In the end a sender gets back the same number of coins, but mixed up in a non-identical set. Therefore, it is impossible to track the transaction back to a sender, so one can stay calm that identity is not uncovered.
As maybe some of you realize, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks play an important role for the authorities to track back illegal transactions, such as purchasing weapon, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being tracked, it is possible to use available crypto mixers and secure sender’s personal identity. Many digital currency holders do not want to let everybody know the amount they earn 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 outlined above, there is a possibility of crypto mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no point to worry. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a digital currency owner should be careful while choosing a crypto mixer. Which platform can be trusted? How can a crypto holder be certain that a scrambler will not take all the deposited digital money? This article is here to answer these questions and help every crypto owner to make the right decision.
The digital currency mixers presented above are among the leading existing scramblers that were chosen by clients and are highly recommended. Let’s look closely at the listed coin tumblers and describe all options on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration rule, these are critical aspects that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most common digital money. Although there are a few coin scramblers 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 combine coins between the currencies which makes transactions far less identifiable.
There is one option that is not displayed 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 forwarded 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. For better understanding of crypto tumblers, it is necessary to consider each of them separately.
Blender has a straightforward interface, it is convenient to use and uncomplicated. 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 cryptocurrency tumbler provides a user with a special mixing code which guarantees that new crypto coins are not mixed with previous deposits. Additional URL (Blender) is also here to make certain that senders can get to the mixing service, even if the main link is not working.
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 clearly that users can trust this mixing platform and their deposits will not be stolen. The number of required confirmations differs depending on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation needed, in case of depositing more than 1000 BTC a user needs to collect 5 confirmations.
To operate on this crypto mixer, a CryptoMixer code needs to be created. A user should write it down, so it is easy to use it next time. After entering a CryptoMixer code, users need to enter the outgoing address or several of them and then set a time-delay option. A delay time is defined automatically and a user can modify it if needed. A service fee can be also chosen from the table depending on the deposited 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 best Bitcoin mixing services that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned cryptocurrencies. Exactly this mixing service allows a user to interchange the coins, in other words to deposit one currency and receive them in another currency. This process even increases user’s anonymity. Time-delay feature makes a transaction untraceable, 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 completely different rule comparing to other tumblers. A user does not simply 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 split according to their wishes. After chips are added to 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 it is not possible to connect them with the wallet owner. There is no standard fee for transactions on this mixing service: it applies “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 every user 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 applied. The process of getting clean coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.
It is worth noting that random sums are sent in two and more transactions to make them less identifiable.
Another trustworthy mixing platform is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively typical and similar to the processes on other mixers. 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 multiple addresses. Thus, sender’s funds are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io platform. This tumbler is on the list because it works quickly and it is reliable. The transaction fee is really small, only the amount of 0.0001 BTC needs to be sent for each additional address. Dividing deposited coins between 5 addresses is also highly helpful for keeping user’s anonymity. Every user is able to select an additional option of delaying the payout meaning that the transaction is becoming even more anonymous.
Let’s take a look at another one of the best bitcoin mixers which is really user-friendly. 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 remove all the logs which are stored 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 mixer only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) continues to be a simple and functional mixing platform. 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 itself can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user deposits more than 10 BTC in a week, the platform reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should be afraid of security leak as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this mixing platform does not have a Letter of Guarantee which makes it challenging to address this tumbler in case of scams.
And last but not least, there is a platform with several cryptocurrencies to tumbler named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be added in future. This mixer offers a very easy-to-use user-interface, as well as the possibility to have control over all steps of the mixing process. A user can select a delay not just by hours, but by the minute which is extremely helpful. The tumbler provides the opportunity to use a calculator to understand the amount of funds 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 crypto mixer 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 unidentified. It is important to pick a mixing platform wisely, as a sender has no opportunity to address any governmental structure in case of scams. Of course, handling your deposits online can be risky, however, using scramblers that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.