Samourai Wallet mixer
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks are essential for the state to trace back illegal transactions, such as buying weapon, drugs or money laundering. While a sender is not connected 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 owners do not want to inform everyone the amount they earn or how they use up their money.
There is an opinion among some web users that using a scrambler is an illegal action itself. It is not completely correct. As previously stated, there is a possibility of cryptocurrency mixing to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no point to worry. There are many platforms that are here for cryptocurrency owners to mix their coins.
However, a digital currency owner should pay attention while picking a digital currency scrambler. Which platform can be trusted? How can a crypto holder be certain that a tumbler will not take all the deposited coins? This article is here to answer these concerns and assist every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the best existing tumblers that were chosen by customers and are highly recommended. Let’s look closely at the listed coin tumblers and describe all options on which attention should be focused.
As cybercash is gaining momentum worldwide, digital money holders have become more conscious about the confidentiality of their affairs. Everyone used to believe that a crypto user can remain unidentified while forwarding their coins and it turned out that it is not true. Because of the implementation of government policies, the transactions are detectable meaning that a sender’s electronic address and even identity can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a crypto mixing service.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to mix several parts of it with other coins. After all a sender gets back an equal quantity of coins, but blended in a non-identical set. Consequently, there is no way to trace the transaction back to a user, so one can stay calm that personal identification information is not revealed.
Surely all mixers from the table support no-logs and no-registration rule, these are essential aspects that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most regular digital money. Although there are a few coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some mixing services 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 remain anonymous, as there is a gap between the sent 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 mixers, it is necessary to review each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin mixing services that has ever existed. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to deposit one type of coins and receive them in another type of coins. This process even increases user’s anonymity. 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 unique crypto tumbler is ChipMixer because it is based on the totally another idea comparing to other services. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.02 BTC to 15.638 BTC which a user can break down 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 service in advance, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet owner. 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 unidentified 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 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 mixing service requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.