Wasabi mixer - Cryptocurrency tumbler
As cybercash is spinning up around the world, digital money holders have become more conscious about the confidentiality of their transactions. Everyone was of the opinion that a sender can remain unidentified while forwarding their coins and it turned out that it is not true. On account of public administration controls, the transactions are identifiable meaning that a user’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a Bitcoin scrambler.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is a straightforward way to blend different parts of it with other coins. In the end a user gets back an equal quantity of coins, but mixed up in a non-identical set. As a result, there is no possibility to track the transaction back to a sender, so one can stay calm that identity is not uncovered.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These traces play an important role for the government to trace back outlawed 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 cryptocurrency tumblers and secure sender’s identity. Many bitcoin holders do not want to let everybody know how much they gain or how they use up their money.
There is a belief among some web users that using a tumbler is an illegal action itself. It is not entirely correct. As previously stated, there is a possibility of crypto mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to be concerned. There are many services that are here for bitcoin holders to mix their coins.
However, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which service can be relied on? How can a crypto holder be certain that a mixing platform will not take all the deposited digital money? This article is here to reply to these questions and assist every crypto owner to make the right decision.
The crypto scramblers presented above are among the leading existing tumblers that were chosen by users 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 mixers from the table support no-logs and no-registration rule, these are critical features that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular digital money. 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 opportunities, some tumblers also allow to mix coins between the currencies which makes transactions far less trackable.
There is one feature that is not represented in the above table and it is time-delay. This feature helps a user and a transaction itself to stay incognito, as there is a gap between the forwarded 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 tumblers, it is essential to consider each of them independently.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixing services that has ever appeared. This tumbler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to send one currency and receive them in another currency. This process even increases user’s confidentiality. 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 additional address.
One completely extraordinary crypto mixer is ChipMixer because it is based on the totally another principle comparing to other services. A user does not merely deposit coins to mix, but creates a wallet and funds it with chips from 0.02 BTC to 16.2 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing service beforehand, 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 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 every user has an opportunity to manually cleanse all logs prior to this period. Another mixing platform Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting clean coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.
