As cybercash is spinning up across the globe, bitcoin holders have become more aware about the confidentiality of their transactions. Everyone thought that a crypto user can remain incognito while depositing their digital currencies and it came to light that it is untrue. Because of public administration controls, the transactions are which means that a user’s electronic address and even identity can be revealed. But don’t be worried, there is an answer to such public administration controls and it is a cryptocurrency tumbler.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is an easy way to blend several parts of it with other transactions used. 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 user, so one can stay calm that personal identification information is not disclosed.
As maybe some of you realize, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These marks are important for the authorities to trace back illegal transactions, such as buying weapon, 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 available bitcoin tumblers and secure sender’s identity. Many bitcoin 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 illegal action itself. It is not completely true. As previously stated, there is a possibility of crypto mixing to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no point to worry. There are many platforms that are here for cryptocurrency owners to mix their coins.
However, a crypto holder should pay attention while choosing a crypto mixer. Which platform can be trusted? How can a crypto holder be sure that a tumbler will not steal all the deposited digital money? 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 coin tumblers and describe all features on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are important options that should not be disregarded. Most of the mixing platforms 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 opportunities, some tumblers also allow to mix coins between the currencies which makes transactions far less traceable.
There is one feature 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 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. To get a better understanding of crypto tumblers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin tumblers that has ever existed. This mixer supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to send one type of coins and get them back in another currency. 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 special crypto tumbler is ChipMixer because it is based on the completely different rule comparing to other tumblers. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.02 BTC to 13.734 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 platform prior to the transaction, next 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 anonymous and the service itself more affordable. Retention period is 7 days and every user has a chance to manually cleanse all logs prior to this period. Another mixing service Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the tumbler requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.