Wasabi mixer. Cryptocurrency tumbler
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These traces are essential for the state to track back illegal transactions, such as buying weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being traced, it is possible to use available cryptocurrency mixers and secure sender’s identity. Many digital currency owners do not want to let everybody know how much they earn or how they spend their money.
There is a belief among some internet users that using a scrambler is an criminal action itself. It is not completely true. As outlined above, there is a possibility of cryptocurrency blending to become unlawful, if it is used to disguise user’s criminal activity, otherwise, there is no point to be concerned. There are many platforms that are here for cryptocurrency owners to blend their coins.
Nevertheless, a crypto holder should be careful while choosing a digital currency scrambler. Which platform can be trusted? How can one be sure that a scrambler will not take all the sent coins? This article is here to reply to these questions and assist every crypto owner to make the right choice.
The digital currency mixers presented above are among the best existing mixers that were chosen by users and are highly recommended. Let’s look into the listed mixers and explain all aspects on which attention should be focused.
As digital money is spinning up worldwide, digital money holders have become more aware about the anonymity 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 not true. Owing to public administration controls, the transactions are traceable meaning that a sender’s e-mail and even personal identification information can be disclosed. But don’t be alarmed, there is an answer to such public administration controls and it is a cryptocurrency tumbler.
To make it clear, a cryptocurrency mixing service is a program that splits a transaction, so there is an easy way to blend different 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. Consequently, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not disclosed.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are critical features that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most common cryptocurrency. Although there are a few 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 blend coins between the currencies which makes transactions far less trackable.
There is one option 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 deposited 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 tumblers, it is essential to consider each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the leading Bitcoin tumblers that has ever existed. This tumbler supports not only Bitcoins, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to interchange 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 extraordinary crypto mixer is ChipMixer because it is based on the absolutely another rule comparing to other services. A user does not just deposit coins to clean, but creates a wallet and funds it with chips from 0.04 BTC to 14.954 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder 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 standard fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and each sender has a chance to manually clear all logs prior to this period. Another mixing platform 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 acquired from stock exchanges.