Ethereum mixer reddit. Cryptocurrency tumbler
As maybe some of you realize, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves traces. These traces are essential for the state to track back outlawed transactions, such as buying weapon, 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 crypto holders do not want to inform everyone the amount they earn or how they spend their money.
There is a belief among some web surfers that using a tumbler is an illegal action itself. It is not completely correct. As previously stated, there is a possibility of crypto blending to become illegal, if it is used to disguise user’s illegal actions, otherwise, there is no point to worry. There are many platforms that are here for bitcoin holders to blend their coins.
However, a digital currency owner should pay attention while choosing a bitcoin tumbler. Which service can be trusted? How can a crypto holder be sure that a mixer will not take all the deposited coins? This article is here to answer these questions and assist every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the best existing mixers that were chosen by clients and are highly recommended. Let’s look closely at the listed crypto mixers and describe all aspects on which attention should be focused.
Since cybercash is gaining momentum worldwide, bitcoin holders have become more aware about the anonymity of their purchases. Everyone used to believe that a sender can remain unidentified while forwarding their coins and it turned out that it is untrue. On account of the implementation of government policies, the transactions are traceable meaning that a sender’s electronic address and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a cyber money mixer.
To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is a straightforward way to mix several parts of it with other coins. After all a user gets back the same number of coins, but mixed up in a completely different set. As a result, it is impossible to trace the transaction back to a user, so one can stay calm that identity is not uncovered.
Surely all tumblers from the table support no-logs and no-registration rule, these are important features that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular digital money. Although there is a couple of 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 trackable.
There is one option 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 forwarded coins and the outgoing transaction. In most cases, users can set the time of delay by themselves and it can be a couple of days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, CryptoMixer is one of the best Bitcoin mixers that has ever appeared. This mixer supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to interchange the coins, in other words to deposit one type of coins and receive them in another currency. 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 additional address.
One absolutely special crypto tumbler is ChipMixer because it is based on the completely another idea comparing to other services. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.02 BTC to 9.121 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 beforehand, following transactions are nowhere to be found 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 applied in a random way making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and every user 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 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 gained from stock exchanges.
