Wasabi mixer - Cryptocurrency tumbler
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These traces are essential for the government to track back criminal 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 bitcoin tumblers and secure sender’s identity. Many digital currency owners do not want to inform everyone the amount they gain or how they use up their money.
There is an opinion among some internet surfers that using a tumbler is an illegal action itself. It is not completely correct. As mentioned before, there is a possibility of crypto blending to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no reason to be concerned. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a crypto holder should be careful while picking a digital currency scrambler. Which service can be trusted? How can a crypto holder be sure that a mixer will not take all the deposited digital money? This article is here to answer these concerns and help every crypto owner to make the right choice.
The digital currency mixers presented above are among the best existing scramblers that were chosen by users and are highly recommended. Let’s look into the listed crypto mixers and explain all features on which attention should be focused.
As cybercash is spinning up worldwide, bitcoin holders have become more aware about the anonymity of their affairs. Everyone was of the opinion that a crypto user can remain disguised while depositing their digital currencies and it turned out that it is untrue. Because of the implementation of government policies, the transactions are identifiable which means that a sender’s electronic address and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a Bitcoin mixer.
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. After all a user gets back the same number of coins, but blended in a completely different set. Therefore, there is no possibility to track the transaction back to a sender, so one can stay calm that identity is not revealed.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are important options that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most regular digital money. Although there is a couple of crypto tumblers that mix other cryptocurrencies, 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 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 stay incognito, as there is a gap between the sent coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be several days or even hours and minutes. For better understanding of crypto tumblers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the top Bitcoin mixing services that has ever appeared. 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 currency and receive them in another currency. This process even increases user’s anonymity. 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 principle comparing to other mixers. A user does not just deposit coins to clean, but makes a wallet and funds it with chips from 0.01 BTC to 10.11 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 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 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 coin tumbler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the mixing service requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.
