Ethereum mixer reddit
As maybe some of you know, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These marks play an important role for the government to track back criminal transactions, such as buying 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 available cryptocurrency tumbling services and secure sender’s personal identity. Many crypto owners do not want to inform everyone how much they earn or how they spend their money.
There is an opinion among some internet users that using a scrambler is an illegal action itself. It is not completely correct. As mentioned before, there is a possibility of coin blending to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no need to be concerned. There are many platforms that are here for bitcoin holders to blend their coins.
Nevertheless, a crypto holder should be careful while picking a bitcoin tumbler. Which platform can be relied on? How can a crypto holder be certain that a scrambler will not steal all the sent digital money? This article is here to answer these questions and help every bitcoin holder to make the right choice.
The digital currency mixers presented above are among the top existing scramblers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers and explain all aspects on which attention should be focused.
As digital currency is spinning up across the globe, digital money holders have become more aware about the confidentiality of their purchases. Everyone used to believe that a sender can remain unidentified while depositing their coins and it came to light that it is not true. Because of the implementation of government policies, the transactions are traceable which means that a sender’s electronic address and even identity can be revealed. But don’t be frightened, there is an answer to such governmental measures and it is a cyber money mixing service.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is a straightforward way to blend several parts of it with other coins. After all a sender gets back an equal quantity of coins, but mixed up in a completely different set. As a result, it is impossible to trace the transaction back to a user, so one can stay calm that personal identification information is not revealed.
Surely all tumblers from the table support no-logs and no-registration policy, 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 provide a sender with more opportunities, some mixing services also allow to blend coins between the currencies which makes transactions far less identifiable.
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 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. To get a better understanding of crypto tumblers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin tumblers that has ever appeared. This scrambler supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to exchange the coins, in other words to send one currency and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature helps to make 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 special crypto tumbler is ChipMixer because it is based on the completely different rule comparing to other services. A user does not just deposit coins to mix, but makes 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 included in the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing service prior to the transaction, following transactions are nowhere to be found and it is not possible 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 every user has an opportunity to manually clear 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 charged. The process of getting clean coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.