How to choose the best cryptocurrency mixer?
Since digital currency is spinning up across the globe, bitcoin holders have become more conscious about the confidentiality of their affairs. Everyone used to believe that a sender can remain disguised while forwarding their coins and it came to light that it is untrue. On account of the implementation of government policies, the transactions are detectable which means that a sender’s e-mail and even identity 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 cryptocurrency mixing service is a program that splits a transaction, so there is a straightforward way to blend several parts of it with other coins. In the end a sender gets back an equal quantity 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 personal identification information is not revealed.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves traces. These marks are essential for the state to trace back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being traced, it is possible to use available crypto mixing services and secure sender’s personal identity. Many bitcoin owners do not want to let everybody know the amount they earn or how they spend their money.
There is an opinion among some internet surfers that using a mixing service is an criminal action itself. It is not completely true. As mentioned before, there is a possibility of crypto mixing to become illegal, if it is used to disguise user’s criminal activity, otherwise, there is no need to be concerned. There are many services that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which platform can be trusted? How can a crypto holder be sure that a scrambler will not take all the deposited digital money? This article is here to answer these concerns and assist every crypto owner to make the right decision.
Ltc mixer. Cryptocurrency tumbler
Let’s first figure out which options need to be considered to ensure that a sender trusts their digital money to a trustworthy platform:
- 1) there is usually a fee which is typically negligible (around 1-3%).
- 2) no logs are kept. It means that no information about your online actions is collected. This feature is exceptionally essential.
- 3) various output addresses can be added which help to diversify risks and send cleaned coins to multiple destinations. These addresses are used as a final destination for the deposited coins.
- 4) types of digital coins involved. There are scramblers that enable to mix some other coins except Bitcoin.
- 5) such services usually require confirmation, and the least confirmations it requires, the better.
- 6) If a tumbler provides you with a Letter of Guarantee, it means that you can use it as a confirmation of your involvement in the transaction and it keeps safe your coins in case of swindling. In most cases it looks like a text file digitally signed using PGP technology. The defined features are crucial to choose which cryptocurrency mixing service to use. There are some more features that also need to be pointed out and all of them are included into the below table of the leading mixing services.
The digital currency mixers presented above are among the best existing mixers that were chosen by customers and are highly recommended. Let’s look closely at the listed coin tumblers and explain all features on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are important aspects that should not be neglected. Most of the mixing services are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few crypto mixing platforms 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 mix coins between the currencies which makes transactions far less identifiable.
There is one option 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 outcoming 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. To get a better understanding of crypto tumblers, it is essential to consider each of them separately.
Blender has a simple interface, it is intuitive 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 mixer provides a user with a special mixing code which guarantees that new crypto coins are not blended with prior deposits. Additional URL (Blender) is also here to guarantee that senders can get to the tumbler, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixer is remarkable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC there is no doubt that users can trust this mixing platform and their coins will not be stolen. The number of required confirmations depends on the number of deposited coins, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of sending more than 1000 BTC a user needs to collect 5 confirmations.
To operate on this platform, a CryptoMixer code needs to be created. A user should note it, so it is easy to use it next time. After providing a CryptoMixer code, users need to enter the output address or several of them and then set a time-delay feature. A delay time is determined automatically and a user can adjust it if necessary. A service fee can be also chosen from the table depending on the forwarded amount. Every transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the number of coins sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixers that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this mixing service 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 makes 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 completely special crypto mixer is ChipMixer because it is based on the completely another idea 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 platform prior to the transaction, next transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual 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 coin scrambler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting renewed coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.
There are 3 steps of this mixing process that include:
- 1. pre-mixing coins and then mixing them with others;
- 2. forwarding coins to stock exchanges where they are blended with coins of other traders;
- 3. clean coins are returned back to the original sender.
It is worth noting that random sums are sent in two and more transactions to make them less identifiable.
Another trustworthy scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively typical and identical with the processes on other platforms. There is a possibility to set a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the funds are sent to several addresses. Thus, sender’s funds are more protected and undetectable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This scrambler is listed because it works fast and it is reliable. The transaction fee is quite low, only the amount of 0.0001 BTC needs to be added for every extra address. Splitting deposited coins between 5 addresses is also highly beneficial 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 top bitcoin mixing services which is extremely user-friendly. Bitcoin Laundry (Bitcoin Laundry) has a straightforward interface and it should be noted that the service fee is the lowest 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 delete all the logs which are stored for this period because of any future transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the coin tumbler only.
Being one of the earliest crypto coin tumblers, BitBlender (BitBlender) remains a user-friendly and functional crypto coin mixer. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less controllable by a user.
The mixing itself is realizable and the transaction fee is charged randomly from 1% to 3% which makes the transaction more anonymous. Also, if a user deposits more than 10 BTC in a week, the crypto mixer reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin holder should worry security breach as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this mixing platform does not offer a Letter of Guarantee which makes it hard to address this coin mixer in case of scams.
And last but not least, there is a crypto coin tumbler with many cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be added soon. This platform offers a very simple user-interface, as well as the opportunity to control all phases of the mixing process. A user can set up a delay not just by hours, but by the minute which is very helpful. The platform provides the opportunity to use a calculator to understand the amount of money 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 different resources helps the crypto tumbler to keep user’s personal information undetected. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers introduced in the article are reported to be trusty having all transactions anonymous. It is important to choose a mixing platform wisely, as a sender has no chance to turn to any authority in case of scams. By all means, processing your deposits online can be unsafe, however, using scramblers that are listed in the article will help every user to minimize risks and be sure of success of the transaction.