Ethereum mixer reddit. Cryptocurrency tumbler
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is carved in the blockchain and it leaves traces. These traces play an important role for the government to trace back outlawed transactions, such as purchasing weapon, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use accessible bitcoin mixers and secure sender’s identity. Many bitcoin owners do not want to inform everyone how much they earn or how they use up their money.
There is an opinion among some web surfers that using a tumbler is an criminal action itself. It is not entirely true. As outlined above, there is a possibility of crypto mixing to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no need to worry. There are many platforms that are here for bitcoin holders to mix their coins.
However, a digital currency owner should pay attention while picking a bitcoin tumbler. Which platform can be relied on? How can a crypto holder be sure that a mixer will not take all the sent digital money? This article is here to reply to these concerns and help every crypto owner to make the right decision.
The digital currency mixers presented above are among the leading existing scramblers that were chosen by clients and are highly recommended. Let’s look closely at the listed crypto mixers and explain all aspects on which attention should be focused.
Since digital currency is gaining momentum around the world, bitcoin holders have become more aware about the confidentiality of their purchases. Everyone was of the opinion that a crypto user can remain disguised while forwarding their coins and it turned out that it is untrue. Because of public administration controls, the transactions are detectable which means that a sender’s electronic address and even personal identification information can be revealed. But don’t be frightened, there is an answer to such public administration controls and it is a Bitcoin mixer.
To make it clear, a crypto tumbler 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 user gets back the same number of coins, but blended in a non-identical 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 uncovered.
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 services are used to mix only Bitcoins as the most regular digital money. Although there is a couple of coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some mixing services also allow to combine coins between the currencies which makes transactions far less traceable.
There is one option that is not displayed in the above table and it is time-delay. This feature 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 on their own and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to review each of them independently.
Based on the experience of many users on the Internet, Blender is one of the leading Bitcoin mixers that has ever appeared. This tumbler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to exchange 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 less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One totally unique crypto tumbler is ChipMixer because it is based on the completely another principle comparing to other services. A user does not simply deposit coins to clean, but creates a wallet and funds it with chips from 0.04 BTC to 13.734 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing platform in advance, following transactions are untraceable and there is no opportunity to connect them with the wallet owner. There is no usual fee for transactions on this mixer: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender 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 mixing service requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.